MY Journal-phil13

Im really starting to grasp what you are showing here . Especially with this "read" part of the thread. Just wanted to thank you again for committing your time (our most valuable commodity, that we can never replace) to showing how you do it. It's helping me with how to pick trades by locating zones and where we are in the move and watching how price reacts in those areas (something I've been trying to pin down for a while now).So thank you

Hi dbrown101

i am happy that you may have got something from what i am showing, thank you for your kindness in letting me know my friend.

regards

Phil.

E/U trade .... so this is just a demo of how 'they' sometimes use the orders and we can try to track them a little by the foot prints.

E/U... again another example of the above...

E/U trade.. another update.



















cont' below..

cont' from above..

E/U trade .....

E/U trade... another go at it... wrong does not mean you should not make money it should show you how to make money!... hence why rigidity kills.

phil,

so for that flip were you going for " last rescue + 1 level up"? so you had 13 as last rescue and flipped with the next number in the sequence which is 21. Then added the 13 because you were right? or were you targeting 34 and just dividing up your entries as per fib sequence. Just trying to figure out the thinking behind the skews if there was a logical base behind the decision or just feel.

thank you

Hi dbrown101

I wanted the 0.34 but entered 0.21 first so if went against me I could go up the skew to recover but if I was correct I could add 0.13 for the recovery flip, the ‘read was important here with this decision and I did not mark it on the chart as I forgot to highlight that part. Here is the chart below and why I flipped.

Regards

Phil.

phil,

I thought so. Ive been messing with the skews and have found it a littler safer to build size by dividing up entries like that. Say if my attack was 8 5321. I might divide that 8 into 5,3 or further divide the 5 into 3,2 then do 2,1 for the 3 making the 8. You lose a little ground that way as it goes in your favor by not just initiating 8 but the flexibility it gives is worth it. especially since I am on a small account so I have to be careful about size. Also, this read portion is great(i know i just posted this). I find myself generally on the same moves and in step with these trades you are posting. I traded this leg down as well.

cheers

E/U trade.... adjusting the longer term position now..

E/U trade....

E/U trade.... again scout saved my arse. this is what they are for so use them for the purpose they have.

E/U trade... 2nd go at scouting..

have to go away again now for maybe a couple of weeks, not sure of time scale yet but likely about 2 weeks, hope everyone is doing well.

E/U trade update...









see where i am with this when i get back, very much doubt if i will trade it while away.

Thanks for great learning. I'll wait for next lessons! Good luck!

Hi protuberanec

thanks for kind words my friend.

hows the trading going for you? hope you are doing well.

will be back home next week and starting to trade again.

regards

Phil.

E/U trade.... continued and finally concluded...

Here is where the account is from a money management point of view… all troops home so no open trades at this time. every trade on this account is shown here.