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Entry Unholy

  • #3,301
  • Feb 22, 2019 6:13am Feb 22, 2019 6:13am
Very high volume on each bar, since price is approaching/penetrating the lows it could well be a (scalpable) reversal.
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  • #3,302
  • Feb 22, 2019 6:16am Feb 22, 2019 6:16am
M 30 chart along with an m5 will keep you doing wht you should racer ,,if when the support level breaks then the m30 will just keep going down ,,,, ,,when they look like tht ,,it should revist days high and even possibly the resistance at 1360 ,, its waitng for dragi ,, its gonna pop and drop or drop and pop on of the two ,, the way it goes the 2nd time it will be tht probably till eod
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  • #3,303
  • Feb 22, 2019 6:18am Feb 22, 2019 6:18am
Quoting Rrrracer
Very high volume on each bar, since price is approaching/penetrating the lows it could well be a (scalpable) reversal. {image}
they are a scalp ,,, dont sht those kind lol,, sht resistance above lol
  • #3,304
  • Feb 22, 2019 6:21am Feb 22, 2019 6:21am
yesterdays trips ,,
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  • #3,305
  • Feb 22, 2019 6:26am Feb 22, 2019 6:26am
gbp ,, this is what it looks like when they fail ,,it went to the next level gbp today ,,,
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  • #3,306
  • Feb 22, 2019 6:26am Feb 22, 2019 6:26am
Quoting digger1
when they look like tht ,,it should revist days high and even possibly the resistance at 1360
You mean the tails? Or the number of bars in that area?
  • #3,307
  • Feb 22, 2019 6:31am Feb 22, 2019 6:31am
Quoting Rrrracer
{quote} You mean the tails? Or the number of bars in that area?
look at the whole candle ,, ,,but yea tail is part of it ,, see the body part on top ,, burn that into your memory ,,the way the whole thing looks the whole candle but body is above support ,, then you m5 usually looks real sharp dip down then it pops
  • #3,308
  • Feb 22, 2019 6:34am Feb 22, 2019 6:34am
its easy to get stuck in the middle just looking at m5 ,, theres always candle like tht where support is ,, dont buy till tht dip down on m5 dont sht till at resistance ,,,there is no candles like tht at the top ,, no follow thru yet ,,this has just been getting bought up
  • #3,309
  • Feb 22, 2019 6:42am Feb 22, 2019 6:42am
this what they look like in a falling mkt ,,still get the same ole same ole ,,, but then trades below then its a resistance point thru the day
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  • #3,310
  • Feb 22, 2019 7:08am Feb 22, 2019 7:08am
UJ H4
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Self discipline It is a practice
  • #3,311
  • Feb 22, 2019 7:10am Feb 22, 2019 7:10am
Then ya want some good levels marked when a central bank head flaps his trap
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  • #3,312
  • Feb 22, 2019 7:19am Feb 22, 2019 7:19am
Quoting okshop
EU H4 scalpers zone {image}
EU H4 (free ZONE ending soon)
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Self discipline It is a practice
  • #3,313
  • Feb 22, 2019 8:22am Feb 22, 2019 8:22am
*crickets* lol... OK traders, we're having a spontaneous Friday here, gonna head over to a local state park and go hiking with dog while the weather is halfway decent here (45*F)

Thank you Z Man and Digs for the tips/advice, as an aspiring yet old trader, it's good to hear from my peers that have been in the game longer than this newbie... hope you guys have a great weekend... you can bet I will be studying in between adult beverages
  • #3,314
  • Feb 22, 2019 8:24am Feb 22, 2019 8:24am
yes, it was free money. Slowed the time frame down to 10min chart. Very comfortable with that time frame as my pivot. Took advantage of
OK's no trade scalper zone for 8.5p during his blather.Could have let run for more but target of 1.5/1 return seemed alright especially
since one doesn't know what comes out of his mouth next. Posted both line and bar chart. Actually traded off of bar chart (full disclosure)
but prefer line for planning and plotting. Done for day, have a good weekend all.
good luck
regards,
goma
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  • #3,315
  • Feb 22, 2019 10:24am Feb 22, 2019 10:24am
So past couple of days have been ok for me.....reduced lot size and always a stop less (conservative technique since my wild losses the other week!). Taking little wins here and there and not trying to get too greedy! As digs says, it all adds up!

15 trades across about 5 pairs and gold
10 winners, 5 losers
lot size: ranging between .25 and .5
pips- between about 8 and 60
result to bank: 6% up

so good end to the week and still got one running long on gbpusd! cheers everyone for ur help and tips - greatly appreciated!
  • #3,316
  • Feb 22, 2019 10:29am Feb 22, 2019 10:29am
one can get lucky for a bit with no stp ,, and build positions ,, hard to make anything tho when later ones just cover the draw down and sooner or later they dont come back till your moey is gone ,,then its too late ,it will always take more than ya made the time it dont , always better if you can get the stp thing down,,keep tht money coming in instead of tied up in draw down , and take some profit and leave a runner or two ,,
  • #3,317
  • Feb 22, 2019 11:25am Feb 22, 2019 11:25am
Quoting digger1
one can get lucky for a bit with no stp ,, and build positions ,, hard to make anything tho when later ones just cover the draw down and sooner or later they bdont come back till your moey is gone ,,then its too late ,it will always take more than ya made the time it dont , always better if you can get the stp thing down,,keep tht money coming in instead of tied up in draw down , and take some profit and leave a runner or two ,,
Dont worry mate - ive either had a eureka moment or just too shit scared after too many big losses....but now i brick it if i dont have my stop in place within seconds! ive widend the stop a little to let the trade breath and reduced lot size to compensate
  • #3,318
  • Feb 22, 2019 12:00pm Feb 22, 2019 12:00pm
Quoting Jp1
{quote} Dont worry mate - ive either had a eureka moment or just too shit scared after too many big losses....but now i brick it if i dont have my stop in place within seconds! ive widend the stop a little to let the trade breath and reduced lot size to compensate
You are farther ahead in the long run bud ,, you just are ,,it only takes tht one bad one once a month to keep you stuck going no where and tht sux
  • #3,319
  • Edited 12:39pm Feb 22, 2019 12:05pm | Edited 12:39pm
Quoting ZenNy
s 29, 20 r 49,66
very much respected.....here basic understanding of PA is a must....

First week on the month was a bear, second seemed accumulation for a reversal and last Monday set the tone for a possible reversal but prices got stuck in a tight range just above it.....what do we do in a range?...we fade extremes....until when? until they break....do we know when they will break? Nobody knows but sometime it can be done.......in a range it does not matter how strong the push at that level is....prices will reverse.....Do we enter a trade after a BO? We do not, because the false BO are too many but we will enter with a BO pullback....Does this way of trading work all the time? No it does not, but can work more than 50% of the time for a reward greater than the risk (depending on your timeframe and the depth of the range)
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trading is simple but is simple is not easy.
  • #3,320
  • Feb 22, 2019 6:23pm Feb 22, 2019 6:23pm
Quoting Rrrracer
Digs, when you get a chance, can you give a little more info on why you use Camarilla pivots? Do you also look at standard or any others?
In answer to your question ,,because they work lol,,,,,, each block is a week on these charts ,,,,, The jest is simply this ,, mkt opens ,, it trades down to L 3 or up to H3 that is a reversal area the 1st time ,,,, it will then go back to open price ,,,, then it goes to the other 3 level ,, if it goes thru a level it then goes to the next level ,,, some trade the 3 levels to the 4 levels after one is taken out ,,if it takes the 4 level out then the 5 is the brk out tgt ,, charts posted is the eur ,, which spent the week between H 3 and H4,,, remember the H 3 weekly level is also the quarterly ,, L3 level area which it has clawed back since almost poking the L4 quarterly cam level ,,if it holds it will attempt to go back to open
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Also a couple of the wildest pairs there are ,,just the weekly levels ,, I use the weekly levels to trade the quarterly's,, should be evident somebody uses them
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