It's just not going to happen...

still waiting for that price pull back...


anybody can play?

bot usdcad... testing waters

guppy is coiling... big move to come

Guppy and Loonie

squared... booked a loss

Hi Dongsky!

Another week another battle! Good luck mate!

USD more push downward





GBP no clear direction... Sharks everywhere

scale out...

looks like more push to south side with USDCAD

Friday will be interesting watch...

waiting for a discount

Hi Dongsky,

Trust you’re doing great.

Just wondering what kind of serious assault you’ll be unleashing on the market since Monday, those wild swings.

Some serious attack sequence... Could only imagine.

Could only wish to be 1/10th of a trader that you are.

why use the moving average?

Hello pa1
I think of the "My trading journey" (my favorite journey, it is excellent and brilliant) that the moving average uses it only as a reference and distance from it. But never as a reason to take a trade.

https://www.forexfactory.com/showthr...73#post8527473
https://www.forexfactory.com/showthr...66#post5690166

But I'm nobody to speak for anyone, so, enlighten us, please ...

PS: Good Christmas / NewYear / Hollidays / Days for everyone.

it's been a while since i visited ff.

fex is right, moving average is just a tool for me to see price distance to the mean.

I am using 50ema and 200 ema as i am fond of 5 and 15 minutes tf. when actively dancing on 15, just by the arch of 50ema is telling that the pair is on a bullish, bearish or neutral trend/ push on hourly

moving averages help me see price intention- i.e. continuation, pause, correction reversal... and this helps me timed most of my trades.

most effective when troops trapped and bleeding, moving average can tell me if there are good spot/ zone (terrain) to deploy (rescue) swat team. Moving average will tell me roughly how much risk to take and what levels needed to pull bleeding troops and most importantly how many rescuers needed.

look at this left over trade from last 2 nights ago...




so if i wanted to rescue i will be using ema to help me time and calculate the risk and estimate tp.

most of the time, during start of London Session Sharks will play their game by inducing long and short traders and hitting stops. if price will hover above current high for about 5-6 bars/ candles then most often than not price will continue rising and so true the opposite. however if price cannot stay above or below high or low of day then i will normally wait for further price action, long candles perhaps with quick rejections... or long wicks - sign of sharks play, hitting stops and trapping traders (these action as we all know very well creates fear equates to chaos)

remember fti's famous rubberband snaps? remember when fti said that bears eating bears, that no more bulls and at least by 7th or 8th bars or candles they will pause, correct or reverse... and that my friend is another method when in rescue mode... go figure.



so to rescue or not to rescue, it's all upto price, what ever price reveals, i just need to follow.

Good to see you are still around ff every now and then... Hope you are well... Cheers !!!

Dustin

Everything's well Dustin, and how's your music?

here's my thinking process...

by the way just closed all shorts USDCAD from last night's trade... 8 bars ago.