MAKE IT RAIN
- #1,138,122
- Nov 22, 2017 12:22am Nov 22, 2017 12:22am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,138,123
- Nov 22, 2017 12:42am Nov 22, 2017 12:42am
{quote} I try to avoid trading against the direction of the Pitchfork. The better option would be to wait until the price crosses the UML then buy touches of the UML on the other side. Possible paths of price attached. (excuse the algo trade lines). {image}
thanks
MAKE IT RAIN
- #1,138,124
- Nov 22, 2017 12:49am Nov 22, 2017 12:49am
- Joined Aug 2016 | Status: Trader | 10,385 Posts
Lifted SL on longs to 1.17 34 Have a good day crew.
- #1,138,125
- Nov 22, 2017 12:50am Nov 22, 2017 12:50am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Lifted SL on longs to 1.17 34 Have a good day crew.
Member
- #1,138,126
- Nov 22, 2017 12:53am Nov 22, 2017 12:53am
{quote}
MAKE IT RAIN
- #1,138,127
- Nov 22, 2017 12:57am Nov 22, 2017 12:57am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} all those without drinking
...and because we still need to keep our eyes wide open and work hard to pull our buck from this FX mess
Member
- #1,138,128
- Edited 1:15am Nov 22, 2017 1:03am | Edited 1:15am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,138,130
- Nov 22, 2017 1:19am Nov 22, 2017 1:19am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,138,132
- Edited 1:54am Nov 22, 2017 1:32am | Edited 1:54am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
- #1,138,133
- Nov 22, 2017 1:43am Nov 22, 2017 1:43am
{quote} You were provided with the indy...semafor. Draw it from the 4th yellow pivot back and if the PF doesn't describe press will move to the 6th pivot etc. All the yellow pivots are correct BUT the correct pivot for Pitchforks will mean the drawn PF (from those pivots) will describe and contain price well. I have to draw multiple PFs before I see the best one but it doesn't take long once you're used to it.
i have a nice one on H4
MAKE IT RAIN
- #1,138,134
- Edited 2:23am Nov 22, 2017 1:55am | Edited 2:23am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
{quote} thanks. i am just getting in touch with it. i'll be better every day
Looking for EURUSD buy opportunities @ 1.1748 IF HOURLY MODEL IS LONGS ARE STILL HOT!
Hourly confirm is in and it's a ... open more longs! Scaling in from the current price.
Maximum: 15 pips SL
Managed to add to my GBPNZD position at a lower price (I do not advocate averaging down but scaling in is different because you're spliting you're standard trade size as opposed averaging down using your standard trade size). I forgot manual trading was so exhausting!
{quote} If I was in a counter trend frame of mind, I'd take a short with a 6 pip stop loss and PT at 1.1748 solely on the strength of the daily ML. But why trade against the short term trend when there could be a powerful breakout to the topside?
10:23: EURUSD - 15 minute is still long and signaling exit shorts.
- #1,138,136
- Edited 7:20am Nov 22, 2017 2:26am | Edited 7:20am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
{quote} i know. i wanted to sell at the UML but i missed the moment. now looking for a buy
Just a reminder to those who are following. Obviously the ML may not hold price and it could head lower. The possibility exists.
15min model: is long and signalled to hold. (which means probabilities have moved against bulls).
But then I remembered:
LONG SIGNAL THE 15M MODEL
LONG SIGNAL THE ONE HOUR MODEL
NO SIGNAL THE 4 HOUR MODEL
LONG SIGNAL THE DAILY MODEL
LONG SIGNAL THE WEEKLY MODEL
LONG SIGNAL THE MONTHLY MODEL
These models have between 60 to 95% accuracy. I wonder which way price is heading!
10:40: Closing GBPNZD for a small loss. Models have not signalled an exit but these models are not fully coded yet so I'm in the background doing a load of manual stuff which is too much work for two pairs. Focus on EURUSD and revisit GBPNZD after the EURUSD models are fully coded and deployed.
11:00 Hourly - Long; 15m hold long
11:22: 15m GBPNZD signalled short at 11 but missed the signal. It's a good model.
I am very very very excited about the 15min GBPNZD model. It is early days but I am very excited. Will post signals as soon as it's complete. No later than next Monday.
15 hold long
REMINDER: 88% ACCURACY. GBPNZD LONG AT 11:59. DON'T FORGET USE SL AT 1930 AND REMEMBER THE NEWS AT 12:30. PERHAPS YOU SHOULD WAIT UNTIL AFTER THE NEWS OR USE MICRO LOT.
15m: hold long
60m hold long
4 hour no signal
This is one long post. GBPNZD immediately into profit but let's see what happens at 12:30.
EURUSD is breaking lower
SLs @ 1.1735 (no shame in being wrong as long as you live to fight another day).Okay. That is me done for the day. I need to sleep. I will leave my stops at 1735 and allow the price to move up as per models or be stopped out as per risk control and I will check on the GBPNZD in 4 hours time.
Happy trading!
14:25 1H Long - exit shorts. GBPNZD Exit or use tight stop if you haven't been stopped already.
EVEN IF THE EURUSD RETRACES PLEASE REMEMBER:
LONG SIGNAL THE ONE HOUR MODEL
NO SIGNAL THE 4 HOUR MODEL
LONG SIGNAL THE DAILY MODEL
LONG SIGNAL THE WEEKLY MODEL
LONG SIGNAL THE MONTHLY MODEL
14:48 - EURUSD: IT IS NOT GOING DOWN FROM THOSE LEVELS. CONSIDER ADDING TO YOUR POSITION WITH A STOP AT 1765.
14:56: a TOUCH OF THE PURPLE LINE WOULD BE THE IDEAL ENTRY POINT.
But waiting the price to hit that point may mean missing the train north.
If you're mad and angry because you missed the train, lost your nerve so closed your positions for a small loss or profit or had an intransigent bear forecast...don't worry...there will be another train journey tomorrow...destination? We'll see.
15:12: traded a couple of 15m GBPNZD signals the first one was easy money, still holding the second as the price violently moves up or down. This pair is not for the faint hearted. Like others I often complain about the lack of EURUSD volatility but in truth at least there is normally no risk of a heart attack trading it. The GBPNZD is a beast where 50 to 100 pip moves in minutes is common place. Exciting? No. Scary? Yes until the trader gets used to it.
You will see I managed to get the path of price wrong by 15 pips. Shame on me.
15:20: 15m short signal given for GBPNZD.
- #1,138,137
- Nov 22, 2017 7:33am Nov 22, 2017 7:33am
{quote} Just a reminder to those who are following. Obviously the ML may not hold price and it could head lower. The possibility exists. 15min model: is long and signalled to hold. (which means probabilities have moved against bulls). But then I remembered: LONG SIGNAL THE 15M MODEL LONG SIGNAL THE ONE HOUR MODEL NO SIGNAL THE 4 HOUR MODEL LONG SIGNAL THE DAILY MODEL LONG SIGNAL THE WEEKLY MODEL LONG SIGNAL THE MONTHLY MODEL These models have between 60 to 95% accuracy. I wonder which way price is heading! 10:40: Closing GBPNZD for a small loss....
MAKE IT RAIN
- #1,138,138
- Edited 8:07am Nov 22, 2017 7:40am | Edited 8:07am
- | Membership Revoked | Joined May 2015 | 2,903 Posts
{quote} price at the top white line
1 hour: is still long and advising to buy at this level.
4 hour: correction - exit shorts
- #1,138,140
- Nov 22, 2017 8:11am Nov 22, 2017 8:11am
- | Membership Revoked | Joined May 2015 | 2,903 Posts