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- Udkox replied Nov 23, 2021
I want to share my failed trade and some thoughts. My take before the trade A triangle has formed. Because the market is moving sideways, it could be a good trade if the PA is good. I see a Shooting Start in the Daily (worker) so I set the Entry ...
- Udkox replied Nov 23, 2021
Terry, I am confused by your post. I agree with your (Strat's) statement. However, I only see one S/R level in your example. Were you referring to a level around 1.1590 ?
- Udkox replied Nov 15, 2021
The picture is just beautiful. So simple. It's harder to explain what is happening under the hood, but I will give it a go. My takeaway here is that a for a Straddle to work it needs to be aligned with the current trend or momentum. EMAs are lagging ...
- Udkox replied Nov 13, 2021
I would have said that sometimes it just doesn't work the way you expect. However, now that I pay more attention to it I see that: Before Straddle #1, EMA 21 and EMA 72 are parallel- strat shadow was the same size for ~10 days Straddle #2 stops dead ...
- Udkox replied Oct 23, 2020
I think in theory you either wait for the SWING to end or for PA to tell you to exit (which are very related).
- Udkox replied Oct 18, 2020
Thanks Sanji. PRICE is in the middle of the WCC, you have have a very big SL, it seems risky to me. Also, MN is on a UPWARDS SWING, do you not care about that ? No direction in the MN. PRICE is again in the middle of the WCC. Entries long/short ?
- Udkox replied Oct 14, 2020
Interesting, I am just learning to trade the system, improving my entries with Stop Orders might be the next step! Cheers.
- Udkox replied Oct 14, 2020
Thanks for the input Mhons. I was checking the DAILY and I deleted the smaller LEVELS. I wasn't monitoring the chart when the the entry showed, so I entered in the add on, do you think it's a bad idea ? I am not sure what you mean with confrimed ...
- Udkox replied Oct 12, 2020
My latest trade. There were so many 5M trades available, but I didn't have the time to monitor it, so I traded the 1H instead. I highlighted what I think were good entries in a white box. Please comment my entries, exit and levels. Cheers!
- Udkox replied Oct 11, 2020
Thanks for the input. Are you just trading PA there or are you taking BOSS and BIG BOSS into account ?
- Udkox replied Oct 11, 2020
You're right, it's not, didn't close below the LOW. My question now is, if it were, would you say BIG BOSS is DOWN ? I am sorry about all the questions, I am trying to figure out why you reposted Strat's posts about timeframes.
- Udkox replied Oct 10, 2020
Many thanks Terry! I just realised I made some erroneous statements. I might also have the wrong LEVELs, since yours look different. My question now is, there is a BEEB in the BIG BOSS, is it then UP or DOWN ?
- Udkox replied Oct 10, 2020
I remember this, but I am not sure what question you are answering with this. I sometimes have trouble identifying the IMMEDIATE trend. I believe we have to focus on the IMMEDIATE trend of the BIG BOSS, BOSS and WORKER. But please let me know if I ...
- Udkox replied Oct 8, 2020
Here I come with another post! Let's see if someone comments on this one! Be skeptical of my levels. NZD USD: currently directionless, a setup might show up if PRICE drops. Big boss: On a nice DOWNTREND for years, but on a SWING UPWARDS right now. ...
- Udkox replied Oct 7, 2020
This looks quiet, so here I come! Hopefully my commets will trigger some of you! Currently looking at GBP JPY, my levels might be wrong. Big Boss: Making LOWER HIGHS since May 2015. Nice steady slope DOWNWARDS, respecting Strat's shadow. BEARISH ...
- Udkox replied Oct 3, 2020
Thanks Pete. I will do the same. Looking at you charts it has already started but no indication yet whether is is just a wobble or if it will continue downwards. What do you need to see to discard it being a wobble ? The BOSS crossing the 72 EMA ? ...
- Udkox replied Oct 3, 2020
Of course, maybe I am not understanding when you entered. I am assuming you entered after the close of the candle you indicated. In that case, I was trying to understand the idea behind your trade. HAMMERS are PRICE REVERSAL patterns, and you ...
- Udkox replied Oct 2, 2020
But you didn't know PRICE was going to REJECT the LEVEL, you entered before that. When I look at your 5M, I don't understand your entry. These 2 (blue lines), confirmed SWING HIGHs, make more sense to me: image
- Udkox replied Oct 1, 2020
Awesome post Pete, have you got some index on Strat's posts ? I am looking at EUR USD at the moment trying to apply that knowledge. Boss: PRICE in WCC. Huge BEARISH candle finished SWING UP, now on a SWING DOWN. image Worker: PRICE in Strat's ...
- Udkox replied Oct 1, 2020
So you enter the trade when the PRICE closes beyond SUPPORT / RESISTANCE ? That feels a bit weird. Your entry didn't make a new LOW, plus there was a HAMMER just before (on M5). However, I do understand the PRICE has to be rejected to have a higher ...