Got out at BE as a rescue mission trade.
i noticed that whenever price makes an extended move (>127%), the pullback tends to be complex. but my expectation is for a shallow to mid correction.
Am i expecting the wrong thing here?
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Disliked{quote} Ok , look like I am not good in explaining something haha 1. Expectation was NSH , anything short = against expectation , I understand you were trading exhaustion maybe the wording I use was wrong , corrected wording should be = trading the exhaustion ( for this , I really dint see lesson for trading exhaustion ) 2. BE , at post 41964 , you have moved SL to 138.20( not BE ) , and you have drawn a fibo on the swing , thus I can see price dint reach 38.20 and you already reduce SL. Maybe can be I misunderstanding the swing you mean ( but the...Ignored
DislikedI got taken out at +5 BE on the 233. The buyers have found some money. I will be looking to re enter short but higher. {image}Ignored
Disliked{quote} i was trading the same move, but price couldnt get pass the 1.1615. Got out at BE as a rescue mission trade. i noticed that whenever price makes an extended move (>127%), the pullback tends to be complex. but my expectation is for a shallow to mid correction. Am i expecting the wrong thing here? {image}Ignored
Disliked{quote} Mr.Pip another question here which always occur too 6E expectation was NSL , and base on your first entry at 61.80 I assume you expecting a middle to deep pullback , then price goes down and you moved to BE , now price came back up to same area 61.80 , I can see a lot rotation occur there , what make you decide to wait price correct deeper to 78.60 area? ( my interpretation) let say if I enter at 61.80 , after price goes down strongly then take me out at BE , I will in hurry to find entry's back even at lower price( thus put me in a lesser...Ignored
Disliked{quote} Depend more on the structure to the left more than anything else. messy structure to the left = messy complex corrections.Ignored
Disliked{quote} The buyers were doing a better job defending the minor levels. We talked about this in the trade management of the last live stream. I also did not see the sellers trying to sell into resistance. This tells me to expect a complex correction which favors an ABCD in the shorter term PA. We got two and the rotation confirmed the intent so I sold. The issue is that price got there with more strength then I wanted to see. I took the trade because the RR is much better and I'm not here to filter out trading signals.Ignored
Disliked{quote} Mr.Pip sorry if I am abit slow from your chart after your BE , the price does push down to resistance , then buyer came back up what type of push you will like to see? Break of resistance? wouldn't it was too late to enter a trade after the price push down? i do see a lot confluence at the circle area you draw.Ignored
DislikedAfter tons and tons of pain today, I used a second entry at the 88.6 and got to my graceful exit plus a few points due to me having to leave for work. What an exciting day today has been, and given me a lot more confidence in expectations. {image}Ignored
Disliked{quote} There are so many 1 to 1 completion , don't know which to take lols yellow green would be a loss then blue line on the low price has 2 swing completion ( <above ) now you were looking for short before the "above" TPIgnored
Disliked{quote} Hi bmdenton, Based on this buy and the market moving to the previous HL, when did you move to BE on this trade? Thanks in advance for the helpIgnored