Elsewhere, take a look at the S&P (H1). Looks like it's painting itself a nice little channel. I reckon either a turn, drop and bounce from the obvious - - level, or a push slightly higher for a rebound from Supply.
Either way, yum.
Trading Rules for die-hards... 47 replies
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die young 8 replies
Disliked{quote} Hi Billy, As far as I can tell, the low broke, then the high broke (only just) and then the low broke again. This is for the 8am trade today. This last break brought in the percents. With regards to the 4H trade yesterday, did you trade the low, then high and then low again? No counter was needed for the 4H break today. Looks like USDCAD was good for a Lem style DZ trade today. ThanksIgnored
Disliked{quote} Good songs to enjoy there - how about this for going back in time. Seagull man will like this. https://www.youtube.com/watch?v=5UWRypqz5-oIgnored
DislikedThe first full week trading the DWZ trading resulted in slightly worse than breakeven. The main things I’m struggling with (which I think might improve with experience) are listed below. If anyone has thoughts/advice on any, feel free to share. 1. Which pair to trade. It’s been a different pair each day based on which setups I like best that day. But maybe it would be better to just pick one pair and stick with it. 2. How to enter. It seems like whenever I try to enter right at the break (either outside the wick or back into the body) that I always...Ignored
Disliked{quote} If it were me I would edit that post and add 4. 'when are the best times of day to trade ?' The answers have all been given in the thread so many times.Ignored
DislikedThe first full week trading the DWZ trading resulted in slightly worse than breakeven. The main things I’m struggling with (which I think might improve with experience) are listed below. If anyone has thoughts/advice on any, feel free to share. 1. Which pair to trade. It’s been a different pair each day based on which setups I like best that day. But maybe it would be better to just pick one pair and stick with it. 2. How to enter. It seems like whenever I try to enter right at the break (either outside the wick or back into the body) that I always...Ignored
Disliked{quote} Before I go into any deep specifics on DWZ, I will ask whether you have watched you-know-who's videos on the subject?Ignored
Disliked{quote} Countering isn't 'stop-and-reverse'. It's 'nedging', taking an opposite position on the same instrument and is a technique to hold a 'floating' loss until the negative can be recovered. You answered your own question re the initial drawdown.Ignored
Disliked{quote} I have. It all made sense to me in general. I can tell that a lot of references to him on here are very hidden. I'm not sure why, but I'm guessing there's a good reason. Anyway, after a lot of digging, I did find a couple of his DWZ videos from 2016, I believe. {quote} That's helpful, thank you.Ignored
Disliked{quote} Mentioning The Head Alien or linking to his stuff / sites will result in a whole world of bad s*** falling on your head.Ignored
Disliked{quote} Weird. If there’s anywhere besides the threads here (this one, HOLO, 1-2-3) and his YT channel that I can learn more about his methods, would you mind PMing me?Ignored
DislikedLondon maybe closed but Lem's favourite will be trading actively. Still going north with some interesting highs to attack. {image}Ignored
Disliked{quote} I'm anticipating moves long, then consolidation, then long, then blah blah blah...a bit like a man with a limp running for a bus. If it does decide to drop, it has huge downside potential and you have to be ready for that, it'll make your month if it goes.Ignored
Disliked{quote} That's why I like the trend line - if it breaks ... but then it does what it wants anyway. Bounce off those highs would be perfect selling opportunity to me. See more up short term to hit that resistance. Play the break in the morning see where we go. 4h interesting. All clues are there (as Billy would say) just wait for the fun. There's a plan. If it goes wrong we know who to blame. {image}Ignored
Disliked{quote} It's interesting that the return from the big Momo move didn't rebound all the way to the Z-Line (close - but no cigar) and price is now at that lower level. In normal circumstances, I would be looking at price trying to get to the higher level and then another drop, however the lower first touch messes with that and if price does go higher than that last spike, then if you ignore any Z-line influence, PA would suggest that price would then go on to another higher mark. Your supporting trend-line could indeed be a key to seeing that and...Ignored
Disliked{quote} It's interesting that the return from the big Momo move didn't rebound all the way to the Z-Line (close - but no cigar) and price is now at that lower level. In normal circumstances, I would be looking at price trying to get to the higher level and then another drop, however the lower first touch messes with that and if price does go higher than that last spike, then if you ignore any Z-line influence, PA would suggest that price would then go on to another higher mark. Your supporting trend-line could indeed be a key to seeing that and...Ignored
Disliked{quote} It's interesting that the return from the big Momo move didn't rebound all the way to the Z-Line (close - but no cigar) and price is now at that lower level. In normal circumstances, I would be looking at price trying to get to the higher level and then another drop, however the lower first touch messes with that and if price does go higher than that last spike, then if you ignore any Z-line influence, PA would suggest that price would then go on to another higher mark. Your supporting trend-line could indeed be a key to seeing that and...Ignored