I had a few missed limit orders today but at least this one hit all my targets.
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- Post #9,181
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- Feb 9, 2022 2:54pm Feb 9, 2022 2:54pm
- Joined Jun 2011 | Status: Member | 204 Posts
- Post #9,182
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- Feb 9, 2022 3:15pm Feb 9, 2022 3:15pm
- Joined Apr 2013 | Status: Member | 1,528 Posts
GBPUSD
just thoughts at the end of the day...
just thoughts at the end of the day...
- Post #9,184
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- Feb 9, 2022 4:25pm Feb 9, 2022 4:25pm
- Joined Nov 2020 | Status: Member | 2,350 Posts
{quote} Hi Bro. You're saying you're right on SH, which I don't agree. Lets go thru this as a matter of educational discussion to get better understanding of the mrket. Attached two chart with some remarks. I did went in for LONG position after you said "STOP HUNT" , which is not. It is well intended price action for GOLD to raise to higher price. They need more buyer seller to fill up their BUY order. Created the so called "Stop Hunt" with "Pin Bar" so Retail seller piling to short. If you're right about "stop Hunt" why price reverse and go higher...
1. what does S stand for? stops?
2. what does H stand for? high?
3. what does HNS stand for? head and shoulders pattern?
4. who created HNS? guys who are sitting in London and moving the market?
5. price touched QM level on daily timeframe. bullish candle (yesterday candle) closed with little wick up (your right red arrow points to it) and we have a situation. this is QM level, the place to sell. how do we decide whether we should sell or buy? you bought it. was it based on what?
i would sell in this place and would get stopped out.
we are getting stopped out because we are reading it wrong.
Pat, thanks a lot for helping us out in this cruel business.
- Post #9,185
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- Edited 5:37pm Feb 9, 2022 5:22pm | Edited 5:37pm
- Joined Jul 2021 | Status: Member | 3,011 Posts
Figures only
- Post #9,186
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- Feb 9, 2022 5:35pm Feb 9, 2022 5:35pm
- Joined Nov 2020 | Status: Member | 2,350 Posts
- Post #9,187
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- Feb 9, 2022 6:37pm Feb 9, 2022 6:37pm
Looking to establish first short postion on this EuroJpy after an upthrust move above 132.21... stops around 132.90.. Swing position. Feedback would be appreciated guys. Thank you. 
- Post #9,188
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- Feb 9, 2022 7:12pm Feb 9, 2022 7:12pm
- Joined Jul 2021 | Status: Member | 3,011 Posts
Figures only
- Post #9,189
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- Feb 9, 2022 7:21pm Feb 9, 2022 7:21pm
- Joined Jul 2021 | Status: Member | 3,011 Posts
Figures only
- Post #9,190
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- Feb 9, 2022 10:37pm Feb 9, 2022 10:37pm
- | Joined Feb 2022 | Status: Member | 30 Posts
- Post #9,191
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- Feb 10, 2022 1:08am Feb 10, 2022 1:08am
- Joined Dec 2008 | Status: Newbie | 16,044 Posts
{quote} GU add {image}
Update on "Underwater" position......
. Some sneaky move by GU during Tokyo. Watch out for High Impact News Today.
Trade Safe & Stay Healthy.
I come from the future.
- Post #9,192
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- Feb 10, 2022 1:15am Feb 10, 2022 1:15am
- Joined May 2011 | Status: Balance sh*t | 2,062 Posts
Peace Yo!
- Post #9,193
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- Feb 10, 2022 1:23am Feb 10, 2022 1:23am
- Joined Dec 2008 | Status: Newbie | 16,044 Posts
{quote} how do we decide whether we should sell or buy? you bought it. was it based on what? i would sell in this place and would get stopped out. we are getting stopped out because we are reading it wrong. Pat, thanks a lot for helping us out in this cruel business.
Hi Genadi,
The example given was Head & Shoulder (H&S) pattern.
Do we KNOW for a fact that if none of us acted on a H&S pattern that it would actually continue doing what it has traditionally done? Maybe the actions of the smaller traders (not market makers) is what finalizes the movement of money to make the pattern complete.
The thing is, we will never know, because there is no way we can uniform every trader in the world to NOT take a money making opportunity.
For example, it's always off the 2nd shoulder of the H&S that the price finally lets go and either plummets or skyrockets. With that said, when do most people enter the trade?
Off the 2nd shoulder where the major price movement is located.
Do you see any coincidence with that? (works for all patters including support and resistance)
But, remember this ......What they don't tell you is that it would take many billion and billion dollar orders to move the FX market a couple of pips, if at all.
To be continued...
PAT
I come from the future.
- Post #9,194
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- Feb 10, 2022 1:38am Feb 10, 2022 1:38am
- Joined Dec 2008 | Status: Newbie | 16,044 Posts
I come from the future.
- Post #9,195
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- Feb 10, 2022 1:40am Feb 10, 2022 1:40am
Seek knowledge and adorn it with patience and respect; moreover, be humble
- Post #9,196
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- Feb 10, 2022 1:53am Feb 10, 2022 1:53am
- Joined May 2021 | Status: Path to heaven is narrow & lonely! | 1,014 Posts
SUBJECT OF DISCIPLINE Most traders do not have enough discipline to follow a trading system, no matter how good the system is. They will always do one of the following : 1: They will try to be smarter than the system by changing its rules from time to time. "Hey let's move the stop, I have a feeling (??) this trade needs more room to breath". Then they stupidly let the market move against them 200 pips instead of just 35 pips. Another scenario "Ok, let's close this trade now, 10 pips profit is better than nothing". 20 minutes later the market has...
Grit; Knowledge; Positive Mindset, All you need to overcome. KIS!
- Post #9,198
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- Feb 10, 2022 2:02am Feb 10, 2022 2:02am
- Joined Dec 2008 | Status: Newbie | 16,044 Posts
{quote} who created HNS? guys who are sitting in London and moving the market?
can you loose that "love" sign in you post ?. I'm a straight guy btw.
Unless you're a girl.
Back to business.
You may want to read this over weekends and understand " What moves the markets? ". At least you get some ideas how it works. A good discussion and some point are excellent.
Here's the link
What moves the market ?
PAT
I come from the future.
- Post #9,200
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- Feb 10, 2022 2:15am Feb 10, 2022 2:15am
- Joined Nov 2021 | Status: Meeseeks | 1,876 Posts
Face 'ur fears & tame 'ur greed