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The Swamp

Quoting gatorinla
{quote} Look at it with classroom eyes. The day is not bullish on that criteria. Week wise its gonna close bullish, but it hasn't closed yet. When it does close it has a normal retrace area. So using the 2 normal things there. It may be a false bull move. I'm not saying it didnt go up. I'm saying it would most often drop to allow a entry. Its would take at least another day close to turn the day bullish. Here near 0277 you dont have added potential of a full adr. Price is extended past adr now.. Most often a long here is not a good trade.
I actually longed this morning by the M5 rules.. I didn't hold for exit plan..... I held short for the H1 exit plan, let go good profit. and I got stopped out..I should have known better, H4 uptrend stop was tested down there 1.0130s/40s and bulls held the support..
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Quoting Boulder
{quote} I actually longed this morning by the rules.. I didn't hold for exit plan..... I held short for the exit plan, let go good profit. and I got stopped out.. {image}
When it dropped below 0155 yesterday.. There was no long trades by the rules.. No short or long trades, by the rules since it dropped below 0155. That was time to find another pair. That's how you get those 100 pip runs.
those who can, do. those who cant, talk about those who can
Quoting Boulder
{quote} I actually longed this morning by the M5 rules.. I didn't hold for exit plan..... I held short for the H1 exit plan, let go good profit. and I got stopped out..I should have known better, H4 uptrend stop was tested down there 1.0130s/40s and bulls held the support.. {image}
I know you dont want to trade the uj. You dont have to watch it. It may close a fresh week bearish. It has a bear day now. It may be worth placing a pending short. After is closes I will look for some trades for next week. If they can be zoomed in.. With some smaller stops.. we can risk 0.1% on a few,
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} I know you dont want to trade the uj. You dont have to watch it. It may close a fresh week bearish. It has a bear day now. It may be worth placing a pending short. After is closes I will look for some trades for next week. If they can be zoomed in.. With some smaller stops.. we can risk 0.1% on a few,
I can pend uj trades,, I am not afraid of it any more
nas selling off...12355 is previous day low.. I am flat on Eur and nas..
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Quoting Boulder
nas selling off... I am flat on Eur and nas.. {image}
Yeah the U/S 30 was in week R.. That puts them all in the same boat.. That could of been a nice scalp off 0255..
those who can, do. those who cant, talk about those who can
Quoting Boulder
{quote} I can pend uj trades,, I am not afraid of it any more
over the weekend we can do some homework..
those who can, do. those who cant, talk about those who can
Quoting Boulder
nas selling off...12355 is previous day low.. I am flat on Eur and nas.. {image}
its in this big ass algo,, It was in a dry hole. mostly. Had the pool been full it would had launched a rocket. 22 years made the pool mt. That dont mean the black boxes dont play the game. They just dont have the liquidity pool to help it run. So it will run and bounce less.
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those who can, do. those who cant, talk about those who can
Quoting Boulder
nas selling off...12355 is previous day low.. I am flat on Eur and nas.. {image}
I still have to wait for the eu to close.. Shooting from the hip. 0115 looks desirable. Add to those chances if the high at 1.0255 holds. Closing today below 1.0185 enhances those odds some. I will not be surprised to close in the -1.085 area. 0195 for week..
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} I still have to wait for the eu to close.. Shooting from the hip. 1015 looks desirable. Add to those chances if the high at 1.0255 holds. Closing today below 1.0185 enhances those odds some. I will not be surprised to close in the -1.085 area. 0195 for week..
typo again 1.0115 is right. I will fix it
those who can, do. those who cant, talk about those who can
Quoting Boulder
{quote} I actually longed this morning by the M5 rules.. I didn't hold for exit plan..... I held short for the H1 exit plan, let go good profit. and I got stopped out..I should have known better, H4 uptrend stop was tested down there 1.0130s/40s and bulls held the support.. {image}
Boulder so you set your SL and TP when you enter trade ?
Quoting Traderak
{quote} Boulder so you set your SL and TP when you enter trade ?
yeah, I adapted new trading method this week. using 0.3% risk per trade. instead using fix lots. I found this method gave me better results. sometimes it can be big lots , sometimes can be small ones, depending on how I set my entry and stop loss prices, but risks remain the same. Since I limit downside risks, those big trades , if I am done correctly , can bring in big profits..
Quoting Boulder
{quote} yeah, I adapted new trading method this week. using 0.3% risk per trade. instead using fix lots. I found this method gave me better results. sometimes it can be big lots , sometimes can be small ones, depending on how I set my entry and stop loss prices, but risks remain the same. Since I limit downside risks, those big trades , if I am done correctly , can bring in big profits..
week bullish. but 1.0144, 1.0115 is normal. Day bearish so I think 1.0144 and 1.0115 has a shot. Those may be a spot to look for a long. Not saying those will work, or it dont drop more.
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} Yeah the U/S 30 was in week R.. That puts them all in the same boat.. That could of been a nice scalp off 0255..
UJ this one dont look like much.. it dont have confluence with other things.. maybe a ma will be there,, 136.53
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those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} week bullish. but 1.0144, 1.0115 is normal. Day bearish so I think 1.0144 and 1.0115 has a shot. Those may be a spot to look for a long. Not saying those will work, or it dont drop more.
Be careful of Eur longs.. hedge funds added massive shorts and closed some longs this week as of 7/19/2022 per COT report. Next week is FMOC.
( I can't post the report for some reason)
Quoting gatorinla
{quote} week bullish. but 1.0144, 1.0115 is normal. Day bearish so I think 1.0144 and 1.0115 has a shot. Those may be a spot to look for a long. Not saying those will work, or it dont drop more.
Looks like it will drop here too.
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Quoting Boulder
{quote} Be careful of Eur longs.. hedge funds added massive shorts and closed some longs this week as of 7/19/2022 per COT report. Next week is FMOC. ( I can't post the report for some reason)
yeah.. I did a late short but already closed it. I think 1.0115 will come. that could be 100 pips early week. 1.0255 held.

My day bearish. My week bullish above *1.0082/85.. So you dont need a master plan to see where i want to *long. Or where my s/l is. If it didnt gap i would be closer.
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those who can, do. those who cant, talk about those who can
my week and day gu are both bullish.. A long close to 1.1946/1.1926/1.1916.4.. Void with break below 1.1916.. tp some at 1.2074 area. Its has a pool there.. It may not be more than 120 pips..
those who can, do. those who cant, talk about those who can
It looks like retailers are on the menu here. Commercial and hedge funds are opposite retailers. EJ may be turning.. Looking for weakness in a bounce could be rewarding at a R. 139.10/139.59 should be watched. The blue shows a pool.. If it runs through it.. It can fall..
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those who can, do. those who cant, talk about those who can
Quoting gatorinla
It looks like retailers are on the menu here. Commercial and hedge funds are opposite retailers. EJ may be turning.. Looking for weakness in a bounce could be rewarding at a R. 139.10/139.59 should be watched. The blue shows a pool.. If it runs through it.. It can fall.. {image} {image}
Any pool is a potential reversal. The commercials and hedge funds are on the same side this COT. Those blue pools are candy to them. PA can take them all w/o looking back. Those last 2 day candles were bad azz.
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those who can, do. those who cant, talk about those who can
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