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- Myst1z replied Oct 24, 2013
Hi, just thought I will share my two cents worth regarding some of my personal opinions. First of all, I must mention that I'm a member of the private group. From the start of this thread, Alfonso has very generously and unreservedly shared his ...
- Myst1z replied Oct 11, 2013
Totally concur.
- Myst1z replied Oct 9, 2013
Hi Mike, I was looking at the same zone and wondering the same thing too. One of my brokers (FxPro) has enough data to reveal a monthly supply zone where price is currently in, so I guess that invalidates our daily zone. image
- Myst1z replied Oct 7, 2013
Hey pro trader, thanks for your comments and agreed! I too will not take all the pound setups, probably only 1 or 2 (I risk 2% per trade so I can't afford to have too much correlated risk). Good point regarding correlation and profit potential, will ...
- Myst1z replied Oct 7, 2013
Hi Reacto, thanks for your remark! Indeed that level by itself doesn't look too pretty, in fact both of them don't. I didn't mention this in the previous post, but actually the idea for this trade is that I saw price coming down from weekly supply, ...
- Myst1z replied Oct 7, 2013
Hi, just want to add another pound setup to those mentioned in my previous post. Btw thanks Alfonso for covering some of them in your webinar, always good to hear your analysis and great webinar as usual. image image Comments are ...
- Myst1z replied Oct 5, 2013
Hi Deitreider, I would suggest thinking in terms of % distance instead of pip distance. The reason is because the same amount of pips will differ in significance on different pairs. For etc 200 pips on EURGBP will mean a lot because its daily range ...
- Myst1z replied Oct 4, 2013
Update after that post..... image Times like this make me feel like pulling my hair out. I really gotta stop being so afraid of price coming from S/R flips, I chickened out of this trade because price touched a major S/R flip and ...
- Myst1z replied Oct 3, 2013
Ah ic thanks for the clarification, so its like the confluence of positive factors allows for some tweaking, got it! Btw regarding your GBPNZD trade, price came really close to D1 CP supply, not sure if that had anything to do with the H4 demand ...
- Myst1z replied Oct 3, 2013
Hi Alfonso! Agree with your EURGBP D1 Short but I'm confused about the GBPUSD Long. If price comes back down to the D1 demand where you're looking to long, it would be counter trend as the upper demand would have been taken out, and the up trend ...
- Myst1z replied Oct 2, 2013
Hi Alfonso, I posted it because it looked good and I wanted to get critique if my analysis was wrong, but actually I'm not trading indices atm so nope I'm not in it. I plan to start on indices real soon though. Really hope it works out well for you!
- Myst1z replied Oct 2, 2013
I went ahead and took it as the RR n everything else still seems good enough to trump the trend line break, locked some profits above H1 supply. Was scary to know you cancelled your order though image Btw my entry is lower than the H4 zone ...
- Myst1z replied Oct 2, 2013
Hi Markot, I believe CPs are not valid for set and forget when counter trend even if they are fresh and original. Here is the excerpt of this rule from post 1: Continuation patterns (CP) against the entry timeframe trend. Do not set & forget on ...
- Myst1z replied Oct 2, 2013
Hi Alfonso, agreed S&P and Dow seem to have a different story from the other US indices atm, not considering them for longs. However Dow is approaching daily demand which is the source of the recent rally that took out daily supply, would be ...
- Myst1z replied Oct 2, 2013
Hi here are some setups I'm looking at for today. Comments are welcome please! image image image I've also removed my GPBAUD order mentioned here. Could still work out but I don't like where it went to (major S/R flip around 1.72, very close ...
- Myst1z replied Oct 1, 2013
In the unlikely event that GBPAUD retraces back up again, I think it is a good short. If a daily head and shoulders does transpire, it could be the start of a very big move down. image image Right now on the H4 it looks like a double top break ...
- Myst1z replied Sep 30, 2013
Hi Rohule, I would be wary of that daily demand because it is pretty used up (tested 4 times), with each time going deeper. This could be a sign that the demand is going to break. Personally I would prefer to minimally wait for the daily supply ...
- Myst1z replied Sep 30, 2013
Hi Alfonso, good point thanks for pointing it out, I overlooked that D1 CP. Will pass on this one then
- Myst1z replied Sep 30, 2013
Looking to trade these two pairs: image image Both have some distance before major opposing levels so RR is good. Comments are welcome please!
- Myst1z replied Sep 28, 2013
Thanks for the extra points, makes sense and I will take note of them!