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- orcus replied Jun 22, 2009
The 1.1530 area where the actual bounce happened is also one of BRV's "spike bases" on the 4h. Maybe that was more appealing as a strong area for sellers than the S/R at 1.147...or maybe both will be broken.
- orcus replied Apr 9, 2009
Personally I wouldn't have just because momentum looked too strong moving up to the line. Others here have said they like seeing that momentum, but in my records 90% of the time it looks like that, it blows right through. BRV mentioned in his latest ...
- orcus replied Apr 8, 2009
Thanks for the response BRV. That little bit of consolidation on March 17 was the only spot I identified to explain the 3155 call, but since it wasn't especially respected around March 30 (well, there was a bounce for 50) I wasn't sure why it would ...
- orcus replied Apr 8, 2009
If anyone's following BRV's Twitter, he called 1.3155 for E/U and expected a tight bounce. Sure enough, the bounce came at 3146. I can't for the life of me figure out where that line came from. I would have said 3170 (basically RC's 3165) or maybe ...
- orcus replied Mar 30, 2009
Tori, I find myself paying more attention to your posts than most, for two reasons -- 1) your picks (at least the ones you post here) almost always seem pretty spot on, and 2) I can rarely see why you picked them I mean the lines really, really ...
- orcus replied Mar 30, 2009
Yeah, most failed about as completely as a trade can fail. Several were because of something stupid, like not realizing I had to change the timezone in FF's calendar to daylight savings time, and getting blasted by news.
- orcus replied Mar 30, 2009
Not so much; I've pretty much been taking a step back as my March record was something like 2/14, despite this being the month I tried to be much more selective about only taking obvious setups. Go figure.
- orcus replied Mar 30, 2009
Yeah, there's some at 1.3. I had been watching 1.31 myself since it was a long-term historical SR and perfect 50 fib, as well as the obvious daily R. This seems to happen a lot -- I watch the sweet NBT setups, then price bounces 10-20 pips away and ...
- orcus replied Mar 30, 2009
Does the bounce a little while ago from 1.3112 of around 80 pips (so far) give you any hesitation?
- orcus replied Mar 23, 2009
Oh, gotcha. Since I failed to set an alarm and didn't actually take or monitor the trade, I guess I didn't look closely enough at the 5m afterwards to see how it would have done -- you're right, the first 50 pip bounce would have netted me 20 pips ...
- orcus replied Mar 23, 2009
Here's one I apparently forgot to set an alarm for, which is just as well because it didn't work out. Seemed pretty promising: AUD/USD short @ .7000 - .7030 -- repeat SR respected many times from both sides at least as far back as October; edge of ...
- orcus replied Mar 23, 2009
I'd just have guessed that having already had two bounces from that area within a couple days, most recently just on Friday, it was not high probability that it would bounce a third time.
- orcus replied Mar 23, 2009
I'll put up my Excel spreadsheet later for anyone who'd like to use it, it's got most everything you might need for detailed tracking.
- orcus replied Mar 23, 2009
Right click on the cell and put in a Hyperlink to the chart gif on your hard drive. It's more convenient if the Excel file is in the same folder as the charts, otherwise you always have to navigate through your whole computer to get to the chart ...
- orcus replied Mar 23, 2009
Sam, thanks for the encouragement. Yeah, price action is definitely something I have a long way to go on. In my Excel spreadsheet of all my levels/trades, I attach charts of the 5m and 1h price action at and after entry so I can go back and see how ...
- orcus replied Mar 23, 2009
Paul, thanks for the response. What did you mean by 5 hours and 20 pips off, though? If you meant the correct entry would have been 5 hours later and 20 pips lower, are there any things that might have indicated to me (in advance) that that would be ...
- orcus replied Mar 22, 2009
Okay, how these worked out: EUR/USD max drawdown 0 pips (gooooooooooal), max profit 109 pips. The thing is, though, if I followed accepted wisdom to "never let a winner turn into a loser", I'd have taken off half the position at +40 and moved the ...
- orcus replied Mar 20, 2009
Things I'm watching, feeback welcome as always: USD/JPY short @ 95.60 -- obvious SR; long-term SR in this area (95.70-80); 38 fib of drop down (95.61); trend continuation of the death of the dollar EUR/USD long @ 1.3540 -- obvious SR with ...
- orcus replied Mar 18, 2009
D'OH! Thanks.
- orcus replied Mar 18, 2009
Thanks for the feedback, all. I'm definitely not giving up. As for the live trades, they are only $1 trades (not per pip, per trade), done more to "lock in" the results and avoid fudging then to make money for now. Life of Pip -- I've been going by ...