My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators! | Page 34 | Forex Factory

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My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

  • #661
  • Nov 2, 2017 4:34pm Nov 2, 2017 4:34pm
Note the GBPUSD went down with the overall trend that was below R61 level:

Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #662
  • Nov 2, 2017 4:47pm Nov 2, 2017 4:47pm
Here is another example of the Second Chance to short the AC and another example how the MMs can jump your at their daily open - in this case server is in GMT+2 zone. This also happens on the Friday' close. However, as I am going with the continued Bearish trend under R6, I expect hitting my TP after an expected Pull-Back:

Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #663
  • Nov 2, 2017 4:54pm Nov 2, 2017 4:54pm
I was also able to capture Pull-Backs on AC using M1-M5 with some shorts while going up or bullish with BOE for "Good News":

Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #664
  • Nov 2, 2017 4:57pm Nov 2, 2017 4:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-m15-oanda-division1.png Size: 67 KB
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #665
  • Nov 2, 2017 5:00pm Nov 2, 2017 5:00pm
Quoting DrForexMD
I was also able to capture Pull-Backs on AC using M1-M5 with some shorts while going up or bullish with BOE for "Good News": {image}
I'm still holding my short from yesterday. Even with the better than expected news i have not been worried because the PA still has been showing rejection at the r61.. and on the 1d it has been rejected twice now and looking for it to fall at least to 0.969xx within the next few weeks.

I must say you have an interesting strategy but imo is a little to over complicated...but if its the strategy that works for you more power to you.
  • #666
  • Nov 2, 2017 5:20pm Nov 2, 2017 5:20pm
Closed out too early on EU with an expected long scalping trades with the BULLISH TREND !!!! But, I could not trade multiple Pairs with Red BOE News with GU:
Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #667
  • Nov 2, 2017 5:27pm Nov 2, 2017 5:27pm
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #668
  • Nov 2, 2017 5:32pm Nov 2, 2017 5:32pm
Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #669
  • Nov 2, 2017 5:38pm Nov 2, 2017 5:38pm
AC with AUD IGA Serves going with the Bearish Trend again under R61:

Attached Image (click to enlarge)
Click to Enlarge Name: audcad-m5-oanda-division1.png Size: 59 KB
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #670
  • Edited 6:11pm Nov 2, 2017 5:40pm | Edited 6:11pm
You should make a parody video for kenny rogers.

On a cold winter morning, on train bound for nowhere,

I met up with a trader, we were both to tired to sleep

So we took turns staring at the charts in the window

The boredom overtook us and he began to speak

he said, son i've made my life out of reading charts and tables

and know what the trades were, by the way the charts held their price

and if you don't mind me sayin, I can see your out of trades

for a taste of your whisky i'll give you some advice

so i handed him my bottle and he drank down my last swallow

then he bummed a cigarette and asked me for a light

and the night got deathly quiet and his face loss all expression

said if you're gonna trade forex boy you gotta learn to trade it right

You got to know when to open em know when to close em

know when to walk away and know when to let em run

you never count your pips when sitting at the computer

they're will be time enough for counting when the tradings done

now every trader knows that the secret to surviving, is knowing what trades to close and knowing what to keep

cause every trades a winner and every trades a loser, and the best that I can hope for is to die in your sleep

and when he finished speaking he turned back to the window crushed out the cigarette and faded off to sleep

and somewhere in the darkness the trader broke even, but in his final words I found a trade I could keep
  • #671
  • Nov 2, 2017 5:48pm Nov 2, 2017 5:48pm
Quoting WhiteCoat
You should make a parody video for kenny rogers. On a cold winter morning, on train bound for nowhere, I met up with a trader, we were both to tired to sleep So we took turns staring at the charts in the window The boredom overtook us and he began to speak he said, son i've made my life out of reading charts and tables and know what the trades were, by the way the charts held their price and if you don't mind me sayin, I can see your out of trades for a taste of your whisky i'll give you some advice so i handed him my bottle and he drank down my...
You already made one WhiteCoat - BRILLIANT ! Are you a doctor of some sort that wears a whit coat ?

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #672
  • Nov 2, 2017 6:00pm Nov 2, 2017 6:00pm
Quoting DrForexMD
{quote} You already made one WhiteCoat - BRILLIANT ! Are you a doctor of some sort that wears a whit coat ? - John
I'm no doc.. I do work in SPD though. so around plenty of docs. Most docs ive met have been assholes except anesthesiologist. Anesthesiologist imo actually care about people. surgeons don't care about anything other than how many cases they can do in a day.

Whitecoat is more of a play on the old day red coats and blue coat.. im a whitecoat who is neutral
  • #673
  • Edited 6:26pm Nov 2, 2017 6:16pm | Edited 6:26pm
Quoting WhiteCoat
{quote} I'm no doc.. I do work in SPD though. so around plenty of docs. Most docs ive met have been assholes except anesthesiologist. Anesthesiologist imo actually care about people. surgeons don't care about anything other than how many cases they can do in a day. Whitecoat is more of a play on the old day red coats and blue coat.. im a whitecoat who is neutral
Very observant...SPD is a Surgical Tech or Scrub Nurse or Surgical Prep or somebody else in the OR?
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #674
  • Nov 2, 2017 6:27pm Nov 2, 2017 6:27pm
Quoting DrForexMD
{quote} Very observant...SPD is a Surgical Tech or Nurse or somebody else in the OR?
Sterile processing department.. every hospital calls it something different.. you might know it as CS (central services).. I clean and sterilize the instruments for surgery and use to stock and order the disposable product for surgery. its the department that gets overlooked by everyone yet without us you cant perform surgery.
  • #675
  • Nov 2, 2017 6:33pm Nov 2, 2017 6:33pm
Quoting WhiteCoat
{quote} Sterile processing department.. every hospital calls it something different.. you might know it as CS (central services).. I clean and sterilize the instruments for surgery and use to stock and order the disposable product for surgery. its the department that gets overlooked by everyone yet without us you cant perform surgery.
\

Very Cool ! So you are the "unsung heroes" like the anesthesiologist and nurse or PA anesthetist ! You are also brilliantly creative with lyric writing.
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #676
  • Nov 2, 2017 6:34pm Nov 2, 2017 6:34pm
Where will this likely go with the up-coming news? Possibly with the overall trend:

Attached Image (click to enlarge)
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"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #677
  • Nov 2, 2017 6:37pm Nov 2, 2017 6:37pm
We are below the R61 thru R78:

Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1-oanda-division1.png Size: 65 KB
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #678
  • Nov 2, 2017 6:45pm Nov 2, 2017 6:45pm
Again below R61 and with the overall down Trend - But, expect a retrace before a Pull-Back with Bearish Trend with the up-coming AUD Red News:

Attached Image (click to enlarge)
Click to Enlarge Name: audcad-m15-oanda-division1.png Size: 66 KB
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #679
  • Edited 7:10pm Nov 2, 2017 6:53pm | Edited 7:10pm
Hello DrForexMD, since you are talking about the medicine a little... Could you please share your MD path, did it feel right for you (from day 1) and why you retired so young. Also was MD a true passion but now you closed that chapter mostly and would like to pursue FX path or did you maybe regret you didn't get in finance sooner, before becoming a doctor. Or was that maybe a plan, first MD to secure life and later pursue finance/trading passion - (if it's not just side hobby)? Hope this is not too personal, can PM me or can share for the others as well.

Have you watched the movie "The Big Short (2015)"? The guy (true story, famous Michael Burry) was split between trading and medicine for quite some time until he crashed during surgery, after that he pursued trading only.
Can you afford to take that chance?
  • #680
  • Nov 2, 2017 6:59pm Nov 2, 2017 6:59pm
Quoting DrForexMD
{quote}\ Very Cool ! So you are the "unsung heroes" like the anesthesiologist and nurse or PA anesthetist ! You are also brilliantly creative with lyric writing.
Yes that is one way to put it.. im below the nurse,scrub and anesthesiologist but just as important... It's actually why i got into trading so i can get out of the field. I don't see any other options to be able to make a good amount of money without having to go back to school and put myself back into 50k worth of debt for a mediocre payout.

Thanks for the kind words on the lyrics.. it was just a spur of the moment thing messing around. the song is just so related able to trading i thought it could be revamped a little
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