forgot attachment on previous post.
Attached Image
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedHello!
My name is Jay and I post here "occasionally".
I've been in a long since 2823 got hit and in another one since 3035 (one on the daily chart, the other my first attempt at the weekly chart).
Because of the possibility of the market fluctuating up, down or sideways, I decided to apply for TARP money to hedge my bets...that situation is developing.Ignored
DislikedDepends on the circumstances ..
This time I unlocked everything ... and for this reason that rigid lock everything if Pa returns over 3080Ignored
Dislikedi'm fine. evening started off ok with a little downside mom that has since dried up. took 35 on that first trade to my tp which then ran on some more, but that's the way that system goes. like I said, i needed to get some of the discipline from that method back into my numbskull. the trend trading is ez pips but makes me lazy, dull, and dimwitted. (no snickering.. )
it's not about pips I lost or left on the table, cuz I didn'y LOSE any pips, and I took from the table everthing I wanted, so what's not to like?
currently re-entered on...Ignored
DislikedThanks. My mind works with your and Psiholog's strategies. Trying to combine these two. Jay Walker's methods are beyond my comprehension. I am learning from you with a modification only to build on with hedges in ascending numbers and unlock in deceding numbers - means add position 1+1+1+1+1+1 ..... but ulock 3+2+1. When to unlock comes from Psiholog's if I correctly understand his method. He has a Psiholog Law that every gap ultimately fills in. He is right most of the times.Ignored
First of all I use hedging only if I have to defend my position.
Release at levels that I consider important, such as the 3060. But I am also ready to lock again as I have said.
The actual situation is still very dangerous for shorts.
Personally, as I have said does not use a law to unlock 1, 2 or all.
Depends on the situation.
Around the gaps .. depends on the market ..
For example on futures markets .. gaps are frequent and it is not said that will be closed in the short term.
DislikedFirst of all I use hedging only if I have to defend my position.
Release at levels that I consider important, such as the 3060. But I am also ready to lock again as I have said.
The actual situation is still very dangerous for shorts.
Personally, as I have said does not use a law to unlock 1, 2 or all.
Depends on the situation.
[left]Around the gaps .. depends on the market ..
For example on futures markets .. gaps are frequent and it is not said that will be...Ignored
DislikedThanks. My mind works with your and Psiholog's strategies. Trying to combine these two. Jay Walker's methods are beyond my comprehension. I am learning from you with a modification only to build on with hedges in ascending numbers and unlock in deceding numbers - means add position 1+1+1+1+1+1 ..... but ulock 3+2+1. When to unlock comes from Psiholog's if I correctly understand his method. He has a Psiholog Law that every gap ultimately fills in. He is right most of the times.Ignored
Dislikedjust wanted to make sure you fully understand what gap means to me. this applies to 5min chart and higher but it is not always true. a gap does get filled 75% of the time...it is price that was skipped for one reason or another. What normally happens is to fill that price especially in a ranging market. The only time gaps do not apply fully is when there is a breakout. At that point the gap itself becomes a resistance or support and it will take some massive effort to push it back above that point. Here is 2 examples the current situation and yesterdays...Ignored
Sorry Psi,
I believe it is appropriate to say that the gap of which you speak not of great importance for the following reasons:
1.) Most of the gap that you have on your chart are not present in mine.
This could mean that depend on your broker.
2.) Gaps on 5Min .. not have almost no value.
I am talking about opening gap in the market .. in our case only Sunday.
DislikedSorry Psi,
I believe it is appropriate to say that the gap of which you speak not of great importance for the following reasons:
1.) Most of the gap that you have on your chart are not present in mine.
This could mean that depend on your broker.
2.) Gaps on 5Min .. not have almost no value.
I am talking about opening gap in the market .. in our case only Sunday.
Ignored
Disliked..thats if the broker represents the correct close/open of candlesticks and there is no bad data feedIgnored
Dislikedthis gaps are not the traditional gaps you may be thinking of. It is not the friday close to sunday open that we all know so well. This gap system that i observed in all my time studying pa is more of an indicator as to what is likely to come next...in the short term to help trading decisions...call it..an extension to my study of price action psychology...as i use no indicators its quite useful to meIgnored
Dislikedjust wanted to make sure you fully understand what gap means to me. higher we go..thats if the broker represents the correct close/open of candlesticks and there is no bad data feedIgnored
Well guys ..
I´m back in a couple of hours.
Remain short and if it come at 3085.. then hedging .
Bye