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- melloyello replied Jan 1, 2025
USDJPY Have you been red pilled or blue pilled? Most traders have been red pilled. One skinny blue trend line and one skinny red line. You take the red pill, you will get your 1:1, you take the blue and know where your target is. : )) Greetings, Reno
Zero Line Reject
- melloyello replied Dec 31, 2024
2 hidden divergences on the EURUSD, it's the only LEADING indicator I'm aware of. Whatever TF you choose, go one TF higher and see what the 14 CCI is doing. Hidden Divergence is a trend continuation opportunity. Everyone enjoy the New Year!!
Zero Line Reject
- melloyello replied Dec 31, 2024
EURJPY was either gonna advance or retrace. For me quarter levels and trend lines are a guide. I don't have to say Market Makers use quarter levels, any trader can see what happens "from one quarter level to the next." This is the 15 minute with ...
Zero Line Reject
- melloyello replied Dec 31, 2024
I believe the market gives us clues, enough to be successful anyway. Sometimes we have to sit for 3 1/2 hours to do it. The EURJPY on the 5 was rangebound, initially anyway. I figured if I was gonna do any good, I would have to wait. The market gave ...
Zero Line Reject
- melloyello replied Dec 30, 2024
Do you know what a stringer is? Some are familiar, some maybe not. If you would like to add stringers to your charts, 1) go to history 2) right click on the trade (and hold it) 3) slide that to the chart and release 4) minimize your history and it ...
Zero Line Reject
- melloyello replied Dec 30, 2024
Happy New Year to all of you! Price remains king. I was about to brag about the CCI 14, once it breaks an extreme level TWICE, it tends to follow in that particular direction. It did well for NY, but taking a peek at London, not so well. Let me ...
Zero Line Reject
- melloyello replied Nov 10, 2024
"Holy Grail" of trading, knowing exactly when to get into the market and why. Knowing exactly when to get out of the market and why.
Zero Line Reject
- melloyello replied Nov 8, 2024
The DOW hit 44,000. Did anyone doubt it? How utterly delightful!
Zero Line Reject
- melloyello replied Nov 8, 2024
Friends, just this week I made a comment about gratitude. This morning, I'm grateful for the Market makers, without them, I would not have PO or TP. I won't be trading NY. I hope everyone has a great weekend!
Zero Line Reject
- melloyello replied Nov 6, 2024
Successful trading should be as boring as watching paint dry. Do you agree? I hope you are well, ALL of you!
Zero Line Reject
- melloyello replied Nov 5, 2024
3 trading questions, 1 of which I've never heard asked. ~~Do you maintain a journal? ~~Do you review it for YOUR benefit? ~~Is that ok? What's the good of a journal if you're not going back and "learning" from it? Reno
Zero Line Reject
- melloyello replied Nov 5, 2024
I do not intentionally wait until after 18 to pull triggers, but a range is a range. I win some and lose some. Hidden divergence never hurts either.
Zero Line Reject
- melloyello replied Nov 5, 2024
Last week, AUD/JPY made a correction. the CCI (14) did not cross the zero line. It was not a zero line reject. I would've taken the trade regardless, the following are the reasons. (1) I always screen H1 trades on the H4 first. The CCI (50) on the ...
Zero Line Reject
- melloyello replied Nov 5, 2024
TWO of my most important variables with my trading are Gratitude and Risk. Personally, they go hand in hand. If I have a $1000 live account, my risk is around 1%, maybe even 1/2%. I'm grateful for that $10.00 or less. I focus on "why" I'm grateful ...
Zero Line Reject
- melloyello replied Nov 5, 2024
Set a 90 day goal; 1 pair, 1 TF, 1 strategy. There were much better opportunities this morning than this one. Your P/L will become happy if go 90 days.
Zero Line Reject
- melloyello replied Nov 5, 2024
We are NOT in the business of making a gazillion pips, we are simply riding the shirt tails of CITIBANK. They will make their liquidity quotas 100% of the time. Always remember, CITIBANK will always have prettier furniture than me, that doesn't mean ...
Zero Line Reject
- melloyello replied Nov 5, 2024
Your chart sure looks great! According to the rules, you did the right thing. If the CCI is within single digits and PRICE has closed below the MA, I will take at least one position to short. I would have taken the trade one bar prior to your ...
Zero Line Reject
- melloyello replied Nov 4, 2024
Get in, get right back out again. Take the pips and run. USD/CAD 15M this morning.
Zero Line Reject
- melloyello replied Nov 3, 2024
If price does not reach my 1:1 level, I will not let the market have all of my risk. If a second entry had been taken at the 1:54 candle, TP (1:1) would easily have been reached. TL is crystal clear on the H1. I do trade Asia (a few minutes into ...
Zero Line Reject