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  • #4,701
  • May 10, 2018 12:05am May 10, 2018 12:05am
Quoting MikuSS
Hi all, As per recommendation, I have removed all SR lines and changed my template resembling the one Strat is using right now. A BUEB has presented itself with GBPCHF. From a technical point of view, what do you think about going long now? BB: UPswing B: UPswing, around the 200ema area Worker: Strat Shadow seems to be trending well. Price retested the lows and closed as BUEB yesterday, rejecting 200ema of the Boss chart (seen as 1000ema here). {image} My concerns are: 1) We will be trading into an immediate area of resistance, something we avoid...
Strat has warned us about trading CHF pairs. The Swiss do a lot of manipulating. You don't want to get caught on the wrong side of this, it comes without warning.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,702
  • May 10, 2018 12:16am May 10, 2018 12:16am
Quoting MikuSS
Hi all, As per recommendation, I have removed all SR lines and changed my template resembling the one Strat is using right now. A BUEB has presented itself with GBPCHF. From a technical point of view, what do you think about going long now? BB: UPswing B: UPswing, around the 200ema area Worker: Strat Shadow seems to be trending well. Price retested the lows and closed as BUEB yesterday, rejecting 200ema of the Boss chart (seen as 1000ema here). {image} My concerns are: 1) We will be trading into an immediate area of resistance, something we avoid...
As for your analysis. The Big boss is climbing but running into resistance. My blue line.

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The Boss is in a Weekly control candle situation. A long here would potentially be tough until you get a weekly close out of that area. Right now it may range for a bit. Working on the 4th week of that range.

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As for the worker. The range the WCC is about 230 pips, would have to trade it on a lower timeframe, even then may be tough to get a decent R:R

Again though, look into some of the manipulation. That last one put a lot of brokers out of business and ruined some traders.

We have plenty of other pairs to trade and not deal with the Swiss nonsense.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,703
  • May 10, 2018 12:36am May 10, 2018 12:36am
Quoting trogger
{quote} First, the "Train-wreck" response: {image} Fasten your seat belts folks - things may get bumpy from here! {image}
I am on the right track with NZDCAD and AUDNZD. Thanks.
  • #4,704
  • May 10, 2018 2:46am May 10, 2018 2:46am
Quoting MikuSS
Hi all, As per recommendation, I have removed all SR lines and changed my template resembling the one Strat is using right now. A BUEB has presented itself with GBPCHF. From a technical point of view, what do you think about going long now? BB: UPswing B: UPswing, around the 200ema area Worker: Strat Shadow seems to be trending well. Price retested the lows and closed as BUEB yesterday, rejecting 200ema of the Boss chart (seen as 1000ema here). {image} My concerns are: 1) We will be trading into an immediate area of resistance, something we avoid...
Quite apart from what's already been mentioned about the Swiss central bank, I would like the last candle to have closed higher without so much of a wick,or closed higher than the previous candle. That one didn't quite manage it, so to me it's saying it's struggling to go higher.
  • #4,705
  • May 10, 2018 3:06am May 10, 2018 3:06am
I set a pending order on this this morning in accordance with my weekend analysis, which triggered after London open. I can see a couple of flaws with taking it, like being at strat shadow support on boss, however have at it people! Pick apart the trade.
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  • #4,706
  • May 10, 2018 3:32am May 10, 2018 3:32am
Quoting strat
{quote} The good thing is that Doctors are often wrong - my Mother was given 6 months and she lasted ten times longer than that. We will do all we can to help you become consistently profitable as long as you do your bit. We can lead a donkey to water but we can't make him drink!
Hello everybody

(Bonjour Strat ^^ you speak French hihi!)

Oh sorry I did not read this message yesterday!
Your mother had cancer?
Best thought.
I find that there are many ... too much!
You say true .... doctors are often wrong. And I think, as for trading, phycology, the positive state of mind of the patient is very very important.

Always be happy to have what you have. Have a strong mind!
---------------
I'm stupid today! A real donkey.
My entry on JPY CHF is not good, I think and ratio too low!
I bought on the big green candle. (I cut 1/2 of my position on the resistance, and rest in BE)
It does not look like a strong acceleration to nowhere.

I will read your previous posts M5 in the first jour of London Open! Thank you .
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  • #4,707
  • May 10, 2018 4:32am May 10, 2018 4:32am
Quoting MikuSS
Hi all, As per recommendation, I have removed all SR lines and changed my template resembling the one Strat is using right now. A BUEB has presented itself with GBPCHF. From a technical point of view, what do you think about going long now? BB: UPswing B: UPswing, around the 200ema area Worker: Strat Shadow seems to be trending well. Price retested the lows and closed as BUEB yesterday, rejecting 200ema of the Boss chart (seen as 1000ema here). {image} My concerns are: 1) We will be trading into an immediate area of resistance, something we avoid...
In addition to comments above, I wouldn't go long as it made LH, which shows uptrend exhaustion.
  • #4,708
  • May 10, 2018 4:36am May 10, 2018 4:36am
Quoting fleurdelys
{quote} Hello everybody (Bonjour Strat ^^ you speak French hihi!) Oh sorry I did not read this message yesterday! Your mother had cancer? Best thought. I find that there are many ... too much! You say true .... doctors are often wrong. And I think, as for trading, phycology, the positive state of mind of the patient is very very important. Always be happy to have what you have. Have a strong mind! --------------- I'm stupid today! A real donkey. My entry on JPY CHF is not good, I think and ratio too low! I bought on the big green candle....
I suggest you avoid CHF pairs completely in the future
Your entry was technically ok but the resistance was close, was it really an interesting trade in terms of R:R?
Also, remember that not all M5 trades will give you hundreds of pips, first build confidence and practice, the market will provide you better opportunities along the way
  • #4,709
  • May 10, 2018 4:51am May 10, 2018 4:51am
Hi everyone. I'm staying on the sidelines for the moment. Not enough clear direction for me and too much red news on the horizon. I was tempted to go long with EUR-JPY but glad I didn't now. ^^



Quoting strat
GBPJPY M5 PASR Trend Trading 43 pips {quote} Good job. Is this trading with real money or pretend money? Your RED LINES would be ROAD BLOCKS to my Little People which is why mine are thin and silver
Thanks for the feedback, Strat. This is pretend money for the moment. I'm still making too many mistakes to go live with this.
  • #4,710
  • May 10, 2018 4:58am May 10, 2018 4:58am
Quoting Rub
I set a pending order on this this morning in accordance with my weekend analysis, which triggered after London open. I can see a couple of flaws with taking it, like being at strat shadow support on boss, however have at it people! Pick apart the trade. {image} {image} {image}
Hi Rub,

As you have rightly pointed out the weekly (boss) is at the shadow support after a BIG move down over the last 6 weeks.
One thing I noticed is you don't have the 200MA on your charts and if you had you'd see it's actually right there on the daily at the moment. I was actually tempted by a long a couple of days ago but thought better of it after such a strong move down.

Stick a fib on the recent boss move up and on the daily you'll see we're also at the 61.8 retracement so be a little cautious.

Nobody knows which way it'll go but there is strong confluence of 200MA and fib support there. If it breaks down you'll be in for a nice run but keep a close eye in case those supports hold.

Those Elliot Wave specialists out there might look at that big move up as being part 3 of the wave and the 200MA might act as support for 4?
Over analysing there as Elliot Wave is above my head at the moment but I see a possible corrective wave there.

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Study enough and it all starts looking like the Matrix...
  • #4,711
  • May 10, 2018 5:03am May 10, 2018 5:03am
Quoting Rub
I set a pending order on this this morning in accordance with my weekend analysis, which triggered after London open. I can see a couple of flaws with taking it, like being at strat shadow support on boss, however have at it people! Pick apart the trade. {image} {image} {image}
I was looking at this pair, but the fact that price is at Strat Shadow on both Big Boss and Boss was the reason I decided to wait.
  • #4,712
  • May 10, 2018 5:11am May 10, 2018 5:11am
Quoting darko2010
{quote} I suggest you avoid CHF pairs completely in the future Your entry was technically ok but the resistance was close, was it really an interesting trade in terms of R:R? Also, remember that not all M5 trades will give you hundreds of pips, first build confidence and practice, the market will provide you better opportunities along the way
You're right I have to remove the CHF pairs forever!
No, my ratio was not interesting, I should not have opened it for that reason too :/

In general, do you move your Stop after a certain profit? For example when the trade is in gain with ratio 1: 1 then I move my SL towards BE?
  • #4,713
  • May 10, 2018 5:19am May 10, 2018 5:19am
Quoting samsonwebdes
{quote} Hi Rub, As you have rightly pointed out the weekly (boss) is at the shadow support after a BIG move down over the last 6 weeks. One thing I noticed is you don't have the 200MA on your charts and if you had you'd see it's actually right there on the daily at the moment. I was actually tempted by a long a couple of days ago but thought better of it after such a strong move down. Stick a fib on the recent boss move up and on the daily you'll see we're also at the 61.8 retracement so be a little cautious. Nobody knows which way it'll go but...
Arrrrrggggghh!!!

Just checked to see if I was doing something dumb because my 200 moving average was so different. Turns out I had it set to a simple moving average not exponential.
Attached Image
  • #4,714
  • May 10, 2018 5:19am May 10, 2018 5:19am
Quoting fleurdelys
{quote} You're right I have to remove the CHF pairs forever! No, my ratio was not interesting, I should not have opened it for that reason too :/ In general, do you move your Stop after a certain profit? For example when the trade is in gain with ratio 1: 1 then I move my SL towards BE?
SL placement is a very personal thing, everybody has their preference. Your approach is valid, but it all depends on the context I suppose.
Maybe other would be able to help you on that better than I can
  • #4,715
  • May 10, 2018 5:21am May 10, 2018 5:21am
Quoting Rub
{quote} Arrrrrggggghh!!! Just checked to see if I was doing something dumb because my 200 moving average was so different. Turns out I had it set to a simple moving average not exponential. {image}
Captain, we have a problem....
Red alert....All hands stand to battle stations!

Inserted Video
Study enough and it all starts looking like the Matrix...
  • #4,716
  • May 10, 2018 5:27am May 10, 2018 5:27am
Thank you everyone for the comments.

Firstly, do not worry as i will not trade chf(i was in Switzerland when they unpegged the rates, even the everyday life is affected). It is not a freely trade instrument.

Secondly, it was purely a technical analysis. The R:R wasnt that good in the first place. I wanted to see how other traders would view this chart.

To be frank, Strat has been asking us to look beyond the candle, looking for a good trade. I used to think that his method was trading PASR at SR zones, but not anymore.

I understand that we are doing multiple timeframe analysis, looking for HARMONY in all 3tf. Careful of SR at Strat Shadow, looking for that sawtooth trend.

I always revisit the writings of Strat when something is unclear. But I feel that I am lost. Am i missing something? Do we use LL,HH,LH,HL in our analysis? How can I look beyond the candle?

Am I right on the path?
  • #4,717
  • May 10, 2018 6:02am May 10, 2018 6:02am
Who needs action movies when you can watch GBPUSD on red news at noon UK time?
  • #4,718
  • May 10, 2018 6:10am May 10, 2018 6:10am
Quoting darko2010
Who needs action movies when you can watch GBPUSD on red news at noon UK time?
And some red USD news later on to spice things up a bit.
  • #4,719
  • May 10, 2018 6:12am May 10, 2018 6:12am
Quoting darko2010
Who needs action movies when you can watch GBPUSD on red news at noon UK time?
Crazy isn't it.
News comes out exactly as expected yet the market drops 80 pips in 5 minutes just because.....
I've stayed out of all GBP pairs this morning and will for the rest of the day until they decide what the hell NO UNEXPECTED NEWS means to the big boys.

Reason I like high timeframes. My daily trades will carry on regardless.
Study enough and it all starts looking like the Matrix...
  • #4,720
  • Edited 6:32am May 10, 2018 6:19am | Edited 6:32am
Quoting samsonwebdes
{quote} Crazy isn't it. News comes out exactly as expected yet the market drops 80 pips in 5 minutes just because..... I've stayed out of all GBP pairs this morning and will for the rest of the day until they decide what the hell NO UNEXPECTED NEWS means to the big boys. Reason I like high timeframes. My daily trades will carry on regardless.
I wouldn't say that I expected it, but the GBP rise since 10am UK was a bull trap as I have seen many in the past.
Change is mostly in our head, things take very long to change in reality, this is also why people tend to cut winning positions without good reason or others take trades hoping their entry coincides with a pair breaking a long term trend.

Life is generally slow, it's just our brain that runs too fast for its own good
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