Disliked{quote} Hi VictorFaria, what is YM 233? im sorry, im very newbie here LOLIgnored
YM = Mini Dow
233 = 233 Tick Chart
I hope it helps.
Ratios & Harmonics: a Different Way to Trade
- #36,830
- Feb 9, 2018 12:31pm Feb 9, 2018 12:31pm
Couple of trades to start me off for the day.
First was off a 1:1 completion @D but kept tight reigns on it as was against the OF and got taken out at BE+2. Hindsight I should have let it run and would have hit profit target. But it is hard to do in this market at the moment.
Second one was an aggressive C sell in line with short term OF and at C. Started to trail as this area is strong for support and completion of and 2 ABCD's on the short and long term.
Also, just gone long.
First was off a 1:1 completion @D but kept tight reigns on it as was against the OF and got taken out at BE+2. Hindsight I should have let it run and would have hit profit target. But it is hard to do in this market at the moment.
Second one was an aggressive C sell in line with short term OF and at C. Started to trail as this area is strong for support and completion of and 2 ABCD's on the short and long term.
Also, just gone long.
- #36,831
- Feb 9, 2018 12:56pm Feb 9, 2018 12:56pm
Right another few trades done...
First was at my AOI where on the longer term it is showing completion of 2 ABCD patterns so entered long, price moved in favor then took me out at BE +2. Re-entered at another similar level, looks too early and got taken out (-50).
Then I looked for that exhaustion level from the swing between 127-138 and indeed I got a good candle and went for it... +137!! Was going to let it run to the 61.8 of the large swing (which it reached but price was hitting some barriers with sellers entering the market so still happy with my exit.
Saying that, look at price...crazy market!!!
First was at my AOI where on the longer term it is showing completion of 2 ABCD patterns so entered long, price moved in favor then took me out at BE +2. Re-entered at another similar level, looks too early and got taken out (-50).
Then I looked for that exhaustion level from the swing between 127-138 and indeed I got a good candle and went for it... +137!! Was going to let it run to the 61.8 of the large swing (which it reached but price was hitting some barriers with sellers entering the market so still happy with my exit.
Saying that, look at price...crazy market!!!
- #36,832
- Feb 9, 2018 1:07pm Feb 9, 2018 1:07pm
Another one...corrected to the 38.2 then got a rotation and went for it, trailed close at structure and took another 63 pips.
Breaking rules with my trailing really but as I said this market is scary!! Probably could have had another 200 pips if not but never mind hey!! Up about 160 or so. Time to have some dinner!!
Breaking rules with my trailing really but as I said this market is scary!! Probably could have had another 200 pips if not but never mind hey!! Up about 160 or so. Time to have some dinner!!
- #36,833
- Feb 9, 2018 2:13pm Feb 9, 2018 2:13pm
Final few from me here.
First one was due to a NSH on the short term and got in after hitting the 38.2 and some structure to the left, protected at structure and didn't trail this time, of course this is when it reverses on me and get taken out at BE+2
The next was a mistake with my SL. Price interacted with the same area and I re-entered. Also, from looking at it price approached with some momentum so I should have known price would correct further. So my SL was way too low and should have been above structure but I was being tight with it, which was another error. 2 errors on this trade cost me 60 pips, all part of the learning process
The last one was much better. I again went in at the same area, not wanting to miss the drop but this time my stops were in the right place, giving the trade room to breathe!" Price went against me about 100 pips (shit me this seems odd and against my nature to be this many pips down and kind of okay with it!!), then price started heading my way. Tracked it on the way down and noted a small AB=CD completing at structure to the left so decided to TP there and happy to call it a night with +89 pips, up 31 on those 3 trades.
Have a great weekend all, already excited for next weeks trading!!
First one was due to a NSH on the short term and got in after hitting the 38.2 and some structure to the left, protected at structure and didn't trail this time, of course this is when it reverses on me and get taken out at BE+2
The next was a mistake with my SL. Price interacted with the same area and I re-entered. Also, from looking at it price approached with some momentum so I should have known price would correct further. So my SL was way too low and should have been above structure but I was being tight with it, which was another error. 2 errors on this trade cost me 60 pips, all part of the learning process
The last one was much better. I again went in at the same area, not wanting to miss the drop but this time my stops were in the right place, giving the trade room to breathe!" Price went against me about 100 pips (shit me this seems odd and against my nature to be this many pips down and kind of okay with it!!), then price started heading my way. Tracked it on the way down and noted a small AB=CD completing at structure to the left so decided to TP there and happy to call it a night with +89 pips, up 31 on those 3 trades.
Have a great weekend all, already excited for next weeks trading!!
- #36,835
- Feb 9, 2018 2:30pm Feb 9, 2018 2:30pm
Lolol, I just found out I still had this trade running from 12 Jan, SL FINALLY TO BEOMYGOSH GUYS, almost 1% up
How can you not know that you are in a trade? Is it a forex market you don't touch much?Still a nice bonus to finish off the week with!!
- #36,837
- Feb 9, 2018 2:45pm Feb 9, 2018 2:45pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
Final few from me here. First one was due to a NSH on the short term and got in after hitting the 38.2 and some structure to the left, protected at structure and didn't trail this time, of course this is when it reverses on me and get taken out at BE+2
I had 2 trades today. The first was rubbish in terms of entry. The second was OK, but the expectation was wrong (wanted to trade more the dotted line; However, my train which I needed to grap prevented me, since I closed the trade to jump on the train). I should have compressed the chart, then I would have seen that we got a NSL.
So still lucky to have finished with +274 today.
- #36,838
- Feb 9, 2018 2:49pm Feb 9, 2018 2:49pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
Lolol, I just found out I still had this trade running from 12 Jan, SL FINALLY TO BE
- #36,839
- Feb 9, 2018 5:49pm Feb 9, 2018 5:49pm
{quote} I forget a lot of things, but not a running trade. Glad to see that price did not went to the cellar.
Seems like hou had a good week
"Luck is when opportunity meets preparation"