On US Dollar index 30M chart
I just noticed this Hammer with long shade rejected by 81.75 level (old support -24 June 13)
I just noticed this Hammer with long shade rejected by 81.75 level (old support -24 June 13)
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DislikedOn US Dollar index 30M chart I just noticed this Hammer with long shade rejected by 81.75 level (old support -24 June 13) {image}Ignored
DislikedI have entered the UJ long on a classic with volume. I have my TP open. {image}Ignored
Disliked{quote} WF i respect you as a trader and like your style, but in the above how is that a classic? price has not gone above the M15 dragon at all. It's below 99.33 resistance and still not above dragon. With that said I think you'll make some pips on it but might start down 30-50 pips first. What do i know though, these things are hard to time and I do expect it to rally back up to 99.87-100 area maybe tonight. {image}Ignored
Disliked{quote} UJ Long Trade: Added long #5, Scout, as MMs pushed the price below the half SR once more. M15 PVSRA shows the volume now at these lows, while increased again, is not as high as before (see black boxes), indicating the Accumulation phase may be coming to an end because there is less liquidity down here for the bull MMs to get their long orders filled. {image}Ignored
DislikedDrawdowns Tymedu and Worldfreedom are a true blessing. Others also. And their contributions, even if just stating how they go about doing this or that, is extremely educational and supporting of all of us traders on Master Sonicdeejay's Sonic R. System thread. This is a great place to master the markets. Permit me to make a comment about drawdowns, and in no way to detract from the fine posts by these two Sonicers. My comment is just a piddling remark by comparison, and only made to foster perspective. I have repeatedly said, "Learn to embrace...Ignored
Disliked{quote} EURUSD, GBPUSD, AUDUSD building short positions I try to embrace the drawdown but to be honest it isn’t easy. The higher (4h, daily) timeframes showing big potential for further anti USD movements regardless what PVSRA indicates.Ignored
DislikedAll 14 positions closed for 1082 pips gained all positions winners. Chart is M15, trades taken on M1. See folks, if you trade small enough, you can do this all day long. Nothing mysterious about it. Short every climax candle above the 34 ema of the highs, buy every climax candle below the 34 ema of the lows. No conspiracy theories, no complicated long winded analysis, none of that. Just a simple reversion to the mean strategy. Joe Edit: Gain to account was just shy of 1%, time for this sequence was about 15 hours. {image}Ignored
Disliked{quote} It is amazing, it is 10pm in Europe and they are really making new highs ........ not happy with that, but it is strangeIgnored
DislikedAll 14 positions closed for 1082 pips gained all positions winners. Chart is M15, trades taken on M1. See folks, if you trade small enough, you can do this all day long. Nothing mysterious about it. Short every climax candle above the 34 ema of the highs, buy every climax candle below the 34 ema of the lows. No conspiracy theories, no complicated long winded analysis, none of that. Just a simple reversion to the mean strategy. Joe Edit: Gain to account was just shy of 1%, time for this sequence was about 15 hours. {image}Ignored
Disliked{quote} Nice trading Joe IMO it would help if you placed a vertical line on the bar of your first entry.....I'm thinking that it will be in the small spinning top after the red bearish ~ engulfing candle on the left of your chart....Ignored