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- ghous replied Jul 1, 2014
Taking a breakout / fake out trade before the bar close is crossing your fingers in the hope that you are right. Also notice how your headed against a larger bearish wedge breakout and a strong down move that led us to the wedge breakout in the ...
- ghous replied Jul 1, 2014
Hey N, Here you go. This one's a recent blast. Oh and great work with those trades. image image g.
- ghous replied Jun 22, 2014
Hey there, One of the moves that you highlighted there is very valid. The other two, I see represent tight consolidation within a wedge that eventually broke to the upside but more importantly, aren't extended moves like the other ones. These work ...
- ghous replied May 2, 2014
I wouldn't take on those crucial lows that blatantly. A breakout and pull back play at the 1.82 would make more sense IMO. image g.
- ghous replied Mar 7, 2014
Hey Fx, Glad to have you posting here, I never look too far back at all. In fact I try to process the information captured in the current frame of my mt4. This means, that for the most part I am only concerned with the recent action. Its always a ...
- ghous replied Mar 6, 2014
GBP/AUD. RN (1.8400) + LLS + Strong former resistance. image g.
- ghous replied Mar 6, 2014
Nice strong fake out. I'd watch out for that PPZ we're heading into now though. image g.
- ghous replied Mar 5, 2014
A big bar, in general, can be considered a sign of momentum. But its detrimental to consider it be a strong sign all the time. For the most part it again boils down to the overall story and what price is really trying to do. A big bar that's also a ...
- ghous replied Mar 4, 2014
Hey A, I would draw my HHR from the nearer swing high. It looks to almost line up with the earlier one, but actually is slightly lower. The fake out bar didn't quite close under that major HHR. Also the fake out bar itself is small and is headed ...
- ghous replied Mar 3, 2014
For the first setup I totally agree with the trouble areas you've marked. For the second, I remember watching this in real time and don't think I even stopped at this. There were multiple reasons to pass this one: image g.
- ghous replied Mar 3, 2014
Hey bee, Since breakout trading is such a pertinent leg of price dynamics that we follow here, there are literally countless gem-posts sprinkled all over this huge thread with valuable information regarding breakouts. A good idea would be to search ...
- ghous replied Mar 3, 2014
Taking on that up trend is going to always make it very very risky. Not sure why you wanted that straight ahead of the 1.54 RN. Also notice how the up trend is a result of a HUGE bullish break out story. g.
- ghous replied Feb 28, 2014
Wrong trade management? I don't think so. Its important to understand the context that you're trading in. Here we're basically in a sideways market which can be very tricky to trade. Meaning that not only do we have more trouble areas to account ...
- ghous replied Feb 28, 2014
Hey Ken, Donaieillo nailed it there. I don't use fake outs as a stand alone method / system. I use them as a slight variation to the typical J16 method. Which means that the story around my setups is absolutely imperative. A pin bar itself contains ...
- ghous replied Feb 28, 2014
My response is a question: Would it be a surprise to see price climb higher from here given the messy chop we're in and given the PPZ + RN combo? image g.
- ghous replied Feb 28, 2014
We've had the fake out, and we and have done what you would expect of it, which is for price to hit the 9900 RN. Anything from here is really up to the markets as the 9900 is a HUGE PPZ. image g.
- ghous replied Feb 27, 2014
Wow you were flirting with danger there IMO. Going short straight into that consolidation box and that too at a pull back that came right off that box is taking on some serious risk. I personally feel you're better off reducing the frequency down to ...
- ghous replied Feb 26, 2014
Yup that's a good example. Spotted another on your chart: image g.
- ghous replied Feb 26, 2014
Yes it does. Think of your large strong bullish / bearish bars as representing a period of "vacuum". Most trading will occur in the times that price is sideways, i.e consolidating. Large sudden moves, represent thin volumes where price is spiking to ...
- ghous replied Feb 26, 2014
That's a tough one IMO. The fake out story isn't that strong and you're buying straight into resistance without ample information to suggest, rather predict, a break to the upside. I would have preferred a pull back to the LLS as shown in the chart. ...