Geppy...looks similar?...smaller TF
Attached Image (click to enlarge)
- #44
- May 24, 2018 1:19pm May 24, 2018 1:19pm
Another trade to post...
another not so impressive trade at that... but in opening this thread i commited myself to posting my trades for better or for worse. so here it is
terrain: D1 still trending down
H1 still trending down
3k's out of sync (dollar strong vs gbp and eur but weakening against the jpy)
This was during the Asian session. Price was in a congestion phase where the blue line was the top of the range and was acting as resistance.
The plan was was to sell at the top of that range as to get the best price for the "possible swing down on the hourly(continuation of trend 1h).
If price broke above that blue line i was considering a "cut and flip".
This next pic shows the down swing and slight retrace in which i sent out another checker while i waited to see if that support would keep the range intact(or if it would run). 
Price ended up back at the resistance line in this next pic. I added at the top to improve my overall basis. should the market break the resistance since im close to the top i can cut with minimal damage(im trading small so i could afford the extra position) and if price reacted slowly upon rejecting that resistance i might be able to get out with no loss. 
sure enough price was slow moving( the other pairs in 3k's were showing weak retraces) on the way down and felt it was either A going to break that resistance or B continue to range for a bit (there was also option C which was continutation of h1 trend run down but it was looking less likely to me). So i closed at BE minus the spread to wait for clearer signs
also as dongsky pointed out there was a developing rounded bottom which i was unaware of at the time i took this trade. Seems i need more study on chart patterns.
like the last trade... i need to modify my mo to the terrain. This probably would have worked out better as a hit and run/scalp. Market was just sweeping back and forth in the range. Might be as fti said "akin to squeezing blood from a stone" or something like that. still developing my market sense.
pips:-5
another not so impressive trade at that... but in opening this thread i commited myself to posting my trades for better or for worse. so here it is
terrain: D1 still trending down
H1 still trending down
3k's out of sync (dollar strong vs gbp and eur but weakening against the jpy)
This was during the Asian session. Price was in a congestion phase where the blue line was the top of the range and was acting as resistance.
The plan was was to sell at the top of that range as to get the best price for the "possible swing down on the hourly(continuation of trend 1h).
If price broke above that blue line i was considering a "cut and flip".
This next pic shows the down swing and slight retrace in which i sent out another checker while i waited to see if that support would keep the range intact(or if it would run).
Price ended up back at the resistance line in this next pic. I added at the top to improve my overall basis. should the market break the resistance since im close to the top i can cut with minimal damage(im trading small so i could afford the extra position) and if price reacted slowly upon rejecting that resistance i might be able to get out with no loss.
sure enough price was slow moving( the other pairs in 3k's were showing weak retraces) on the way down and felt it was either A going to break that resistance or B continue to range for a bit (there was also option C which was continutation of h1 trend run down but it was looking less likely to me). So i closed at BE minus the spread to wait for clearer signs
also as dongsky pointed out there was a developing rounded bottom which i was unaware of at the time i took this trade. Seems i need more study on chart patterns.
like the last trade... i need to modify my mo to the terrain. This probably would have worked out better as a hit and run/scalp. Market was just sweeping back and forth in the range. Might be as fti said "akin to squeezing blood from a stone" or something like that. still developing my market sense.
pips:-5
- #45
- May 25, 2018 1:21am May 25, 2018 1:21am
- Joined Nov 2010 | Status: The bucking bronco and I. | 11,029 Posts
- #46
- May 25, 2018 1:45am May 25, 2018 1:45am
If I may. Surely I miss the info... would you mind to tell which MAs are you using, please?
- #47
- May 25, 2018 2:05am May 25, 2018 2:05am
- Joined Apr 2013 | Status: Now I know you | 5,576 Posts
don't predict direction, but dance with flow of water
- #48
- May 25, 2018 2:06am May 25, 2018 2:06am
{quote} that's when the scout comes so handy
Been eyeing the euro all day(scouting south though)...that rounded bottom didnt run but seemed to morph into a cup and handle i think(need more study on patterns)...now maybe a higher low? watching now...
I like the idea of just one 20ma on the chart to feel the flow...two ma's seem to clutter the screen. maybe I'll have to borrow that for a bit and see how i like it
hhhhmmm mean reversion
... i feel like ive read about that somewhere haha. Do you use it on all TF?p.s. are you playing classical guitar too? perhaps we can jam?
I dabble in many styles. I like all kinds of music. My classical guitar skills might be a little rusty but Im up for a jam! if we weren't on opposite ends of the planet....
also checked out alirio diaz...it was a guitar duo...amazing stuff!!!
- #51
- May 25, 2018 4:12am May 25, 2018 4:12am
Now positioned long... thinking i need to get better at adding positions and focusing on attack. Doing fine at the moment. Just need more practice
for my personal records...
Contemplating the nature of trend starts and ends...impulses vs corrections. Noticing the impulses with white arrows compared to the last down push(slow and "whispy") labeled by the red arrow...followed by the biggest bull candle (1h) in almost 4 days
also,
Feeling grateful for all help that I've received here
. thanks to all for contributing!!!
for my personal records...
Contemplating the nature of trend starts and ends...impulses vs corrections. Noticing the impulses with white arrows compared to the last down push(slow and "whispy") labeled by the red arrow...followed by the biggest bull candle (1h) in almost 4 days
also,
Feeling grateful for all help that I've received here
. thanks to all for contributing!!!
- #52
- May 25, 2018 4:47am May 25, 2018 4:47am
- Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts
check out the terrain - follow never lead
{quote} they are 12 and 48 sma on the 5 min. on the 15min its 4 and 16...so basically the 1 hr average and 4 hr average bench mark(as described in TAF thread somewhere ). Honestly I put them up when i first went through the thread to help me "dance" but i never really saw the point of having them. I dont even notice them anymore. Actually might've even forgot they were there until you mentioned it
I have 1 on mine, I'll remove it when I can see better.
GU scout buy.
When U allow your emotions to dictate your decisions, U make bad decision
- #58
- May 25, 2018 6:07am May 25, 2018 6:07am
- Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts
{quote}....................... im on the west coast of the US . pacific standard time. Probably the worst zone to have to babysit positions. London is 12am and New York opens at 5am. s. but
gosh ....but hey you live in a fab part of the world
Alex
check out the terrain - follow never lead
