edited with this morning longs
done for today, before give back everything, better retreats
green pips to all...
nescentia necat
Trading is this Simple? Finally Explained simple and clearly! 46 replies
More easy is impossible 17 replies
long-run profits impossible with short-term trading? 39 replies
DislikedEU +25. Tick chart. 1st trade: Buying pressure but resulted in weak breakout. 2nd trade: DT, failure of upward momentum resulting in a false break to the upside, meaning price is most probable to go down. Should have allow it to run further. The reason I closed is because I expected momentum to fail (the impulsive move lower was not strong, this one looked stronger which made me a bit skeptical) 3rd trade: This was a risky trade. Took it off the SR area between 80 (swing) and 75 as signs of strength appeared. There was climactic action lower, stochs...Ignored
DislikedGreat trading Dee, friska I should start paying more attention to the CSMs aswell; at least as a guideline. They seem to make you good pips friska.Ignored
Disliked{quote} The problem I have with Climatic Action is that it is extremely short lived and can happen quite unexpectedly!Ignored
DislikedGER30 +54 +46. Divergence at HTF 50% on both 5 and 10 pip. Out at 38.2% and S&R. Pretty much the same as "Friska" we just saw the exit as some thing different but with the same result, that's trading Both looking at the same thing, for example, I would opt for the one on the left but I think Friska would go for the one on the right although both do exactly the same thing. {image} {image}Ignored
Disliked{quote} What do you mean by lines?? support and resistance levels on the chart?? I did have triangles and levels marked on the chart but I cleared them. In my trades the only SR level used was the 75 - 80 zone and everyone can see that. I suppose the top limit of the range is another level in play at the 2nd trade but...I mainly watched price there.Ignored
Disliked{quote} I was referring to s/r zone or common patterns. but it did not want to be a criticism of course! I was just noticing how your graphics from TL were cleaned and very naked. and you answered me between the lines..Ignored
DislikedGER30 +54 +46. Divergence at HTF 50% on both 5 and 10 pip. Out at 38.2% and S&R. Pretty much the same as "Friska" we just saw the exit as some thing different but with the same result, that's trading Both looking at the same thing, for example, I would opt for the one on the left but I think Friska would go for the one on the right although both do exactly the same thing. {image} {image}Ignored
Disliked{quote} I welcome criticism! And you have a point I should post complete charts. I'm in a trade right now...when I'll close it I'll post it on a chart with proper line studies. Here it goes, trade is closed and overall I added +13 to my performance. Took three more scalps. The chart looks pretty messy, hope you guys can understand. It's basic SRs and psychological levels. Keep in mind that I do not trade SR levels, but price. I only expect price to have certain behaviors at these SR levels. {image}.Ignored
DislikedNewbie to this thread, so be gentle please I feel I should have caught this reversal simply by seeing the div and close over the MA - is my logic correct here? {image}Ignored