Entry Unholy

yea I admit one of the mistakes that I avoided for some time and today I was thinking that it will touch the last week low which I was wrong. I admit and promise not to do it again. I realized that I bought just at the midpoint very wrong.

I am working on my self promise

what goes up, must come down............those Bulls are not getting a lot of love at the moment!

Edit - sorry, wasnt meant to quote you!

it is okay no worries

Been guilty of that plenty you always get filled right at the top ,,,,,,if it dont keep going they get ya ,,, 2 days of midpoints at 1300 ,, if it gets thru it will go ,, but its a tough area

Quite a battle going on here ,,Bulls are trying ,, but daily is sinking yet ,, bulls need the 1330 ish level to make much head way ,,few levels on the daily chart that were used going up that are pretty close together ,,hence the small ranges and daily battles back and forth ,, on the daily the highs keep sinking just a bit lower ,,sooner or later one or the other will let go ,, one more area to clear after this then better opportunity for bigger moves if one looks left on daily ,,,Its friday ,,, bears keep a whcking but any thing possible today ,,the chess match continues ,, pick your levels wisely in this turd .

Even half the projection gives just a tad lower low for the quarter ,,but its friday lol,, anything can happen ,,but without even the 13 level it may just keep dribbling down ,, bears in control yet atm

1300 sold off every time,, see if bulls can stp it around the W S1 area again ,,time will tell

Probably get a little bounce here ,,, is a bove a weekly level that was giving it fits ,, asia has got most of their normal piddley ass range,, well probably about 3/4 s of it

Lcky ,,,Mrm1 ,,, the patterns we try and pick out from the weekly patterns using weekly lows and weekly highs to try and get a few pips ,, the levels on the daily chart ,,the time frames its all just different views of the same things ,, and as I always say ,, previous high,, previous lows and it is always a chess match ,,, daily levels as in the big daily numbers ,,quarterly or monthly and patterns first ,, then the weekly lows and highs ,, as far as the little daily levels ,, they dont mean a whole lot other than maybe scalp tgts ,,, putting much faith in them other than daily highs and lows the rest dout count for much other than as stated just tgts and as one can see all we are doing is playing the smaller time frame patterns against the bigger levels and in the order stated above and it always a chess match between them and you can see why the pattern on the hourly showed up where it did ,,,, and why the h4 is doing what it is doing making the same pattern as the m15 or m30 makes back and forth from weekly levels to trade the bigger levels

It isint easy but it really is just levels and who is winning the day ,,the week ,,, etc news is just fuel nothing more nothing less ,,,, annc comes out ,,mkt gyrates stps from big players are in the mix and big players the other way are doing their thing ,,they are going to whack away at it or try and prop it up ,, the news dont matter its just fuel ,,and thats why buying or selling on most spikes will get one in trouble ,,at the end of the day it is still the levels and what the big boys objective is and that will get carried out regardless of news ,, always a chess match but even they use levels .. They dont get in a mkt where ever willy nilly ,,they know where the big levels are they are the ones making them lol and those patterns dont just show up out of the blue

Little about being able to see the bigger patterns even in the noise generated by the action during a normal day and what bigger level holds or folds and picking out the levels tht will pay us the best during the day and tht is why we mark stuff ,,if one of these levels dont hold then it is back putting in another low ,,,,,,,,or maybe london starts buying it up ,,,, wont know till they get going

And because it is a chess match thts why it is a good idea to always lock a little in take some profit ,,, the area we are in atm in the eur if you go left on daily chart far enough they are the same levels it used going ,,, put in very quick going up tho ,,now just filling and back filling all the way back down and it is a slow pain in the ass ,, but it still comes down too previous highs and lows ,, a few pattern etc ,, the same ole same ole starting with the 1st line in the sand

[quote=digger1;12005119]Little about being able to see the bigger patterns even in the noise generated by the action during a normal day and what bigger level holds or folds and picking out the levels tht will pay us the best during the day and tht is why we mark stuff ,,if one of these levels dont hold then it is back putting in another low ,,,,,,,,or maybe london starts buying it up ,,,, wont know till they get going {image}[/quote

what to say all great details and information thanks a lot Dig bro for guiding us and taking us step by step on each day thanks a lot. one of the thing that all the time make me worry is those pull backs and I feel that now the price is going other way then I panic and close the trade in lose which later I see it was going to the same direction but it was only a pull back. though I know that once it is rejected at resistance it will come defiantly to support but in the middle what happens to me I do some thing wrong and destroy me account.
and here is my chart

May be ,,mark the open and the days mid point Lcky ,,it was the res at the mid point that got ya today ,,the big spike at the news just put it up to res and seeing the big jump ,,oh boy red news for the usa ,,the eur off like a rocket ,,buy buy buy right ,,, nope not the way it worked ,,this is an hourly with the days open and mid points from day before on then ,,if you had seen this what would have down ? ,, Im a trying to get something figured out to make it a bit easier ,,even today the open failed ,,1st line in the sand ,,so any bounce gonna have to take tht out ,,then it be above them mid points ,,course if yesterdays mid fails then you see where it goes ,,those are levels may be we should have every body mark ,,may be something to start with any way,,, you are so meticulous I think just those levels would help you

M 5 with just those levels ,, then the scaling messes with one a little ,,still same levels tho ,,,

One of Z mans wedge trade set ups ,,, now its got a mid point for support ,,, above a trendline of sorts got to get thru the open if it does then on to 1332 area again ,,if mid point fails then a shot at the lows again still comes down to what holds and what folds and what kinda mood frankie and london in

Good trading

morning guys and gals,,

Morning mate - hows it going?

Morning all. I committed a cardinal sin and moved my stops on Wednesday as price was going against me, ended up costing more than a few pence, so took yesterday off and will re-evaluate today.

I need to learn how to lose better

Losing is part of this deal mate, if we do not learn how to lose we will not be able to win.....expect to lose 50% of times and make sure your winners are bigger than your losses .....go for high probability trades and those are the one you will not have to chase......make prices come to you......have a plan before your session and make sure you follow it and you will be just fine....

"Speculation, in its truest sense, calls for anticipation.
Richard D. Wyckoff