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  • #61
  • Apr 10, 2019 9:34am Apr 10, 2019 9:34am
Quoting Exnav
{quote} One scout Long at which price? No, you say rescue. Please give all your positions and sizes. 1.1249 is closer
scout 1 at 64 , 1 lot
scout 2 at 61 , 1 lot


rescue successful 70% loss recovered. scout 2 also out. scout 1 still long

base was 2
rescue was base x 3 = 6 lots
  • #62
  • Apr 10, 2019 9:38am Apr 10, 2019 9:38am
Hi antmindset

Scouts are expendable, if you cannot kill your scout when price is against you, then you are overexposing yourself risk wise, scouts are there to give you info, if price has pulsed against scout it should be killed, rescuing scouts is not recommended, the scout is there to save you from making a bigger mistake so rescuing a scout when it is telling you that price is not in your favour is bad practice.

Just trying to help you here.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #63
  • Apr 10, 2019 9:44am Apr 10, 2019 9:44am
Quoting antmindset
{quote} scout 1 at 64 scout 2 at 61 rescue successful 70% loss recovered. scout 2 also out. scout 1 still long base was 2 rescue was base x 3
I see that you are keeping a scout long at price 1.1264. Then, we cannot be sure that the Price comes back to 1.1264. It might but we don't know when. And you don't want to just surrender but train the rescue.

ATM if there is no other forces deployed for rescuing (this point i didn't get, if they were - at which price then), you could merely wait and price would come, or wait for a retracement below 1.1240 and send a scout to withdraw your one wounded in action... (you may send two but on a PA in your favour only). Don't exaggerate with troops numbers. If the Price proceeds farther South, it would be a different scenario then. But keep cool and don't worry.

Otherwise, unfortunately, I'm not a mentor (not my levels). I can only try to do my best - not to teach but explain how I would be doing. It's all up to you.

Regards,
Exnav

P.S. And thanks to Phil. I understood that Ant just training the rescue on purpose. So, he seems to be prone to it... Training is training (on Demo)
Not to Advance is to Fall Back
  • #64
  • Apr 10, 2019 9:51am Apr 10, 2019 9:51am
thanks phil, i will not rescue scout now. thanks
exnav, thanks. i will not expose army unnecessaly

i just wanted to create rescue scenario. i understood from TAF that no attack before scout in profit with foreign capital cushion.

thank you all, this will expedite my learning.
  • #65
  • Apr 10, 2019 9:58am Apr 10, 2019 9:58am
Quoting antmindset
thanks phil, i will not rescue scout now. thanks exnav, thanks. i will not expose army unnecessaly
Dear Ant,

Just follow then how the PA develops. Your Scout might be well disguised behind the Bears front lines and he is doing well (not bleeding at all). You may see him fine.

I am finishing for today and should leave.

Enjoy your training.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #66
  • Apr 10, 2019 10:01am Apr 10, 2019 10:01am
Quoting Exnav
{quote} Dear Ant, Just follow then how the PA develops. Your Scout might be well disguised behind the Bears front lines and he is doing well (not bleeding at all). You may see him fine. I am finishing for today and should leave. Enjoy your training. Best regards, Exnav
see you tomorrow
  • #67
  • Apr 10, 2019 11:12am Apr 10, 2019 11:12am
Quoting Exnav
Watching Euro below 1.1260 There they both met But Stops should be below, though
wow. PA in action.
  • #68
  • Apr 10, 2019 10:09pm Apr 10, 2019 10:09pm
Quoting Exnav
{quote} ATM if there is no other forces deployed for rescuing (this point i didn't get, if they were - at which price then), you could merely wait and price would come, or wait for a retracement below 1.1240 and send a scout to withdraw your one wounded in action... (you may send two but on a PA in your favour only). Don't exaggerate with troops numbers. If the Price proceeds farther South, it would be a different scenario then. But keep cool and don't worry.)
thanks, Exnav.
  • #69
  • Apr 11, 2019 12:06am Apr 11, 2019 12:06am
Quoting antmindset
{quote} thanks, Exnav.
Dear Ant,

You are welcome.

Here is my take on yesterday PA as regards Euro USD, although it's not the pair I feel well (explained yesterday):

Game of Big Guys (GBG). We are just following and riding it.
They use whatever significant news, events to make the GBG.
First, take some fuel (for Shorts) for running price South (to a major fueling for Longs). Thus, they run to take Stops Above and push the PA go for Stops Below. Major Daily is Up and there is a respective trendline (Higher Lows) Up. Stops and Fuel are around the Major TL. Or, they always make retracements, pullbacks for the same reason - Majors Byers Zone. That usually is a retracement 40 to 67% from the Highest down to the Basic Point (previous Lowest Point/ Support, where from the PA started its running North). They might as well go just to the BP or a bit below (then the Retracement 100%+) so to take fuel of other Big Guys. So, from this perspective the yesterday's PA on EUR USD is a just and fair Classical Game.
How we, ants, may benefit from it, as I wrote - just follow and keep cool.
Once you begin thinking/ assuming that you understand the Game - GBG - and thereby may go Big as well, you become their food for fuel.
We try to understand but watching our Sizes.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #70
  • Apr 11, 2019 1:22am Apr 11, 2019 1:22am
Attached Image
Not to Advance is to Fall Back
  • #71
  • Apr 11, 2019 2:02am Apr 11, 2019 2:02am
Quoting antmindset
{quote} thanks, Exnav.
And, Dear Ant, if don't get something within my texts, please go ahead and ask, don't be shy nor hesitate. We are both ants and may try to clarify and find out together, or somebody else could be more helpful as Phil well did yesterday.

Enjoy your training to trade.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #72
  • Apr 11, 2019 3:52am Apr 11, 2019 3:52am
Quoting Exnav
{quote} Dear Ant, You are welcome. Here is my take on yesterday PA as regards Euro USD, although it's not the pair I feel well (explained yesterday): Game of Big Guys (GBG). We are just following and riding it. They use whatever significant news, events to make the GBG. First, take some fuel (for Shorts) for running price South (to a major fueling for Longs). Thus, they run to take Stops Above and push the PA go for Stops Below. Major Daily is Up and there is a respective trendline (Higher Lows) Up. Stops and Fuel are around the Major TL. Or, they...
Dear Exnav,

Thank you for insight. I will following PA to find out such patterns.

by the way my scout is short at 1281. looking at forces at play. It is balanced, it seems no big boy in Play. Day bias is still Long Euro USD.
  • #73
  • Apr 11, 2019 4:08am Apr 11, 2019 4:08am
Quoting antmindset
{quote} Dear Exnav, Thank you for insight. I will following PA to find out such patterns. by the way my scout is short at 1281. looking at forces at play. It is balanced, it seems no big boy in Play. Day bias is still Long Euro USD.
Dear Ant,

Thank you. I don't have any bias. I can see that EUR USD is attempting to make a bit new high. And I agree, to me, major trend is still UP - North. Retracements on EUR have recently been not that volatile unless triggered by news, events. So, why your Scout is currently Short, isn't it a counter-trend trade or you are willing to try another rescue?

If broke 1.1274, they might try to retrace first to watch 1.1265 then. I'm not there.

Regards,
Exnav
Not to Advance is to Fall Back
  • #74
  • Apr 11, 2019 4:17am Apr 11, 2019 4:17am
Quoting Exnav
{quote} Dear Ant, Thank you. I don't have any bias. I can see that EUR USD is attempting to make a bit new high. And I agree, to me, major trend is still UP - North. Retracements on EUR have recently been not that volatile unless triggered by news, events. So, why your Scout is currently Short, isn't it a counter-trend trade or you are willing to try another rescue? Regards, Exnav
Dear Exnav,

80-85 seems testing level. Its already being tested 3 times, but every time pulled back south. I will turn on wind if PA go north.

No, i am not creating rescue scenarios anymore. My scout is very small.

What is general guideline to follow when PA moved against scout. I mean how to know when to turn without exposing scout.
  • #75
  • Apr 11, 2019 4:22am Apr 11, 2019 4:22am
Quoting antmindset
{quote} Dear Exnav, 80-85 seems testing level. Its already being tested 3 times, but every time pulled back south. I will turn on wind if PA go north. No, i am not creating rescue scenarios anymore. My scout is very small. What is general guideline to follow when PA moved against scout. I mean how to know when to turn without exposing scout.
Dear Ant,

Scout could or should be expendable if wrong. What is wrong there, or is it or will be? We can see a previous Day High as a Pivot. But what if violate it just for some 5 - 10 pips North and then make a pullback for some 20 - 30 pips South. That is EUR USD. I cannot feel it (no volatility, no impulse). Where is a Major/ Superior Tredline in the North for Bear Force to come? 1.1350 - 1.1400, perhaps

Regards,
Exnav
Not to Advance is to Fall Back
  • #76
  • Apr 11, 2019 4:31am Apr 11, 2019 4:31am
Quoting Exnav
{quote} Dear Ant, Scout could or should be expendable if wrong. What is wrong there, or is it or will be? We can see a previous Day High as a Pivot. But what if violate it just for some 5 - 10 pips North and then make a pullback for some 20 - 30 pips South. That is EUR USD. I cannot feel it (no volatility, no impulse). Where is a Major/ Superior Tredline in the North for Bear Force to come? 1.1350 - 1.1400, perhaps Regards, Exnav
Thanks Exnav.

Which Pair you trade frequently?
  • #77
  • Apr 11, 2019 4:44am Apr 11, 2019 4:44am
Quoting antmindset
{quote} Thanks Exnav. Which Pair you trade frequently?
Dear Ant,

Recently, GBP/ USD, GBP/ JPY and USD/ CAD.

And now, it gets a bit complicated.
But. One should trade a pair that fits to his/ her personality.
Is it safer or worth with respect to possible profit potential to trade a pair which moves slowly, step by step and her daily or session range makes some 15 - 25 pips? Trending but very slowly, e.g., new high +1+3 pips in swings with retracements of some 7 - 10 pips and so on. Taking into account your spread size. I may have 2-4 pips for GBP and around 1 pip for EUR.
The same here Is it safer or worth with respect to possible profit potential to trade a pair of a higher risk or reward since it may swing far and retrace significantly?
Or, take e.g. DAX30? Much respect for trending, volatility, long legs and swings, speed of move within seconds or minutes. But, my spread is more than 11 pips there, plus my scout could not be less than 10K, plus commissions for volume traded, etc.

Those are considerations I should take in my account.

Regards,
Exnav

P.S. And your Short scout is feeling happier now
Not to Advance is to Fall Back
  • #78
  • Apr 11, 2019 4:50am Apr 11, 2019 4:50am
Quoting Exnav
{quote} Dear Ant, Recently, GBP/ USD, GBP/ JPY and USD/ CAD. And now, it gets a bit complicated. But. One should trade a pair that fits to his/ her personality. Is it safer or worth with respect to possible profit potential to trade a pair which moves slowly, step by step and her daily or session range makes some 15 - 25 pips? Trending but very slowly, e.g., new high +1+3 pips in swings with retracements of some 7 - 10 pips and so on. Taking into account your spread size. I may have 2-4 pips for GBP and around 1 pip for EUR. The same here Is it...
Thanks. Makes complete sense. I know it now, understanding will come in it own time.

For now i will stick to Major pair EUR/USD.


Short chart in JPY and GBP turning to south. My scout is feeling good. I am nimble, just following.
  • #79
  • Apr 11, 2019 4:54am Apr 11, 2019 4:54am
Quoting antmindset
{quote} Thanks. Makes complete sense. I know it now, understanding will come in it own time. For now i will stick to Major pair EUR/USD. Short chart in JPY and GBP turning to south. My scout is feeling good. I am nimble, just following.
Welcome. Right track is yours.
Not to Advance is to Fall Back
  • #80
  • Apr 11, 2019 4:57am Apr 11, 2019 4:57am
squared with +5 pips.

Be back in 30 mins. cant babysit. Boss is calling....
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