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- FrankSA replied Feb 23, 2017
I love the short side of the market. As a consequence I used to hate test bars as they tend to fail in a weak market. Instead I should have been ready to jump on them & short like crazy. I used other methods to find my entries. During the last break ...
- FrankSA replied Nov 11, 2016
Fred, you are on the right track. There is a trader called Bill Williams, ( no relation) who has written a book called Trading Chaos, he says his pyramiding system has beaten every body else in pyramiding over the last 30 years. His first pyramid is ...
- FrankSA replied Oct 12, 2013
Gold: Friday I did an intraday short 2x on 5min chart. Each time after a very wide bar up with High vol. In both cases they proved to be buying climax bars. The first one I did 80 pips the second one was 174 out of about 250 pip run. After a couple ...
- FrankSA replied Jan 18, 2012
Be Bold with the Scary Stuff — Most of the intraday (FX) traders that I know do not like the 1 minute timeframe, so I never looked there before to analyse. I was looking at the 10 min TF but wanted more detail in the data. My only other option ...
- FrankSA replied May 26, 2011
EU Background..background....b.. — Tom emphasizes background strength or weakness is what is going to drive the trend of the trade. The More you find it the more your trades will make sense. Then draw your channel lines and look for the price ...
- FrankSA replied May 24, 2011
EU Done — Listen to Mr Intel...I scalped an extra 30 pips outta that temp strength..again patience..and ride it out...buy the dips...
- FrankSA replied May 24, 2011
EU Long Again — In case you suspected I am the Mad Scalper..I went Long again. All because D2 in the background is very powerful. D3 tested with t15 so I jumped in again..lets see how it plays out... I am buying the "dip" here...Malcolm likes ...
- FrankSA replied May 24, 2011
EU Long update — Gentz, I took a 40 pip scalp out of that, Note, after t13 there was demand in that down bar, followed by another test of that high volume UB. Then take off...patience is the name of the game
- FrankSA replied May 24, 2011
EU In for a Long Ride — EU 5min chart. In the background is a VW bar down UHV. (D2).The market has returned to test that low on very low volume. There are tests in the low of that UHV DB. (t12 & t13). Hence I jumped on board to the Long ...
- FrankSA replied May 18, 2011
EU Weakness in BG Patience — Watched the volatility till I found what I liked. Missed the test off the WB down. Waited for weakness to appear. Took the trade, refused to be shaken out as weakness appears on up bars, pyramided in on the ...
- FrankSA replied May 13, 2011
EU not easy day...wait — Greetz, on a lazy Friday, if there is no action..I wait for the major news announcement of the day. Then wait for the first bit of action to pass, then look for the entry, if one appears.. Scalped 2 x 40 pips here with ...
- FrankSA replied May 6, 2011
EU: Test in a weak market — Gentz, there were some tests in the market against the background of weakness. I spotted what I thought was an effort to rise, it tested but fizzled out after 5 bars. So the WB up had to be weakness (W1e), which was ...
- FrankSA replied Apr 28, 2011
EU too good to miss. — EU 5min. Took 35 pips off this one. VWB up, UHVol. waited for it to test in case it was effort to go up. Confirmed weakness on 2bar reversal. Pyramid in on same lower down. I have ramped up marking my bars on the chart, ...
- FrankSA replied Apr 20, 2011
EU more opportunity — EU 5min. I banked profit around the HV UB and waited to see what the market would do with that, I was expecting weakness to follow. But this is probably the first "appearance" of weakness but not a final climactic ...
- FrankSA replied Apr 20, 2011
EU late entry — There were quite a few good entry points from the London open. I jumped in on this late entry. See the "D" marked. Look closely they are not signs of weakness but contain demand.. look at the result of the price action after ...
- FrankSA replied Apr 7, 2011
EU NY session kicks in — er..kinda like this..got chicken and took profit @ 42 pips...looks like could head into some temp resistance...will see if I can pick it up again if there is a retracement.. lets see how it plays out..
- FrankSA replied Apr 7, 2011
EU fast trigger — EU 5min. Would someone help me pull the trigger on this....30pips and gone..agrhhhaaa hehe
- FrankSA replied Apr 7, 2011
EU struggle to go up — Agreed, I was also long, but the market seemed to be struggling to take off after a test, this happened 2x, so I shorted on what looked like a ND confirmation. Still looks a bit strange though.
- FrankSA replied Apr 4, 2011
EU Upthrust top — Just taken 50 pips with a pyramid entry. Short on the upthrust is ideal.
- FrankSA replied Mar 30, 2011
EU Bounce back. — Sometimes, when you are not feeling too well, or getting lobster red on the beach, Mr Market hands you an invitation not to be missed. Weakness in the BG. the market took off too quickly so they brought it back to test that ...