Hilmy is your TE with Ctrader?? and if so how do you connect it?
- #544
- Sep 19, 2017 8:13am Sep 19, 2017 8:13am
- Joined Jun 2006 | Status: Trader | 5,709 Posts
so one thing i also need to work on is how to scalp multiple wins in a session. Whenever i get into a string of losses and catch a good trade, i tend to make this my homerun trade to profit for the day. That means i expect market to move into extended range. i'm finding out that i also have to change this on the days that i win off the bat, where i have one single good trade then i quit.
it's juggling between holding good trade OR take your profit and speculate you'll get a better entry later.
i might want to close out trades when structure radically changes...for now i'm holding, looks like normal variation. though the normal is forming above my target.
it looks like it's rotating around 1970-1990..but there's a naked POC right at the pivot. it has to retest there, i hoping it's today
it's juggling between holding good trade OR take your profit and speculate you'll get a better entry later.
i might want to close out trades when structure radically changes...for now i'm holding, looks like normal variation. though the normal is forming above my target.
it looks like it's rotating around 1970-1990..but there's a naked POC right at the pivot. it has to retest there, i hoping it's today
- #546
- Sep 19, 2017 8:18am Sep 19, 2017 8:18am
- Joined Jun 2006 | Status: Trader | 5,709 Posts
{quote} POC at 1.2000? I don't see it?, only naked one I have is 1.2014
i use tradeview's profile. i usually leave out from my screenshot..tends to get a big colorful
- #548
- Sep 19, 2017 8:29am Sep 19, 2017 8:29am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} lol you're right..it's 1950 hit at todays open..fuck
never tried trading view
- #555
- Sep 19, 2017 4:16pm Sep 19, 2017 4:16pm
- Joined Jun 2006 | Status: Trader | 5,709 Posts
ok so today's short is on. given that today ended in a normal formation day, i decided to leave it on
possible scenarios
1. we have a POC at 1986 and PP at 1983. these will hit no doubt
2. since it's normal day..i would assume we gonna test the whole range..so i'm looking to get out at aroudn 1960
3. 1960 is my reversal- i wan to gamble on a full reversal here to naked POC at 2014. if this breaks down, i have S2 1925 to keep the long on. break of this would totally throw this whole analysis out the window..and possible hitting 1883-which will serve another reversal point (after taking a quick short there)
4. if developing POC changes to concentrate on either side, i'll take the breakout
possible scenarios
1. we have a POC at 1986 and PP at 1983. these will hit no doubt
2. since it's normal day..i would assume we gonna test the whole range..so i'm looking to get out at aroudn 1960
3. 1960 is my reversal- i wan to gamble on a full reversal here to naked POC at 2014. if this breaks down, i have S2 1925 to keep the long on. break of this would totally throw this whole analysis out the window..and possible hitting 1883-which will serve another reversal point (after taking a quick short there)
4. if developing POC changes to concentrate on either side, i'll take the breakout
- #556
- Sep 20, 2017 7:58am Sep 20, 2017 7:58am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} POC at 1.2000? I don't see it?, only naked one I have is 1.2014
- #557
- Sep 20, 2017 8:12am Sep 20, 2017 8:12am
- Joined Jun 2006 | Status: Trader | 5,709 Posts
{quote}
ok so today's short is on. given that today ended in a normal formation day, i decided to leave it on possible scenarios 1. we have a POC at 1986 and PP at 1983. these will hit no doubt 2. since it's normal day..i would assume we gonna test the whole range..so i'm looking to get out at aroudn 1960 3. 1960 is my reversal- i wan to gamble on a full reversal here to naked POC at 2014. if this breaks down, i have S2 1925 to keep the long on. break of this would totally throw this whole analysis out the window..and possible hitting 1883-which will serve...
1. price keeps filling long orders on the the way down, possibly around 1960 (my pre FOMC price).
2. FOMC will spike this down to 1940-1930. I don't anticipate this to go past S2 1914
3. price will rebound after the down spike to close either at doji (at 1.2) or beyond 2050 (basing off oanda's order book)
- #558
- Sep 20, 2017 8:22am Sep 20, 2017 8:22am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} so you signed up. good, now we can see the same things {quote} so scenario 3 happened after scenario 1. now that 2014 is hit, i have two new possible scenarios 1. price keeps filling long orders on the the way down, possibly around 1960 (my pre FOMC price). 2. FOMC will spike this down to 1940-1930. I don't anticipate this to go past S2 1914 3. price will rebound after the down spike to close either at doji (at 1.2) or beyond 2050 (basing off oanda's order book)
ill be out of market before FOMC, you trade it? i think that if you want 8/10 days winning then days like this need to be days off... imo
also, i have added scalping 2 pips for 0.2% 5 times a day to add some $$ at the end of the month, if it adds xx% a month i dont care about the drawdown
- #559
- Sep 20, 2017 8:30am Sep 20, 2017 8:30am
- Joined Jun 2006 | Status: Trader | 5,709 Posts
{quote} we can
worst case scenarios
1. spread get too big when it gets to 1944, wouldn't trigger my TP or my long..and blast north leaving me with open short
2. price just dives to 1883 naked POC ( considering we have a nice trendline up 9/14
i'm still deciding about taking the long around 1940