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Good morning My Dear Ant,

I believe you relaxed well with no Fx in your mind.
I was Long on GPY from the Daily Low (Fibo Pivot). Now squared and watching the PA.

Reagrds,
Exnav

She has been testing the Day High and bounced from Fibo R1 . First to break the Lower TF TL around 1.1305. If so, the closest level to watch could be the Day low or Pivot.

EUR Recce sent South

To add shorts I would be expecting a major TL CF above 1.1340

Stand By to square EUR short
Eur short squared - bounced from a minor TL (previously indicated area around 1.1305)

EUR short squared. Not able to feel PA now. Signing out.

EUR needs some rest sometimes. But she will move in the end. That minor TL up has been broken. 15 pips in 5-6 hours, it's a huge step by step dance

I'm Cable short. As doubtfully as I could.

Will be watching EUR approaching 1.1292

Cable squared
GPY Long
Cable might like to make new low this hour. Her friend GPY might like to follow her. But I'm long
They don't need showing 15MIN candle to trap me. I'm already in
Do you lead me closer to R1? 2nd wave up on 1M
Just decide: we dance Up or Down?
And what EUR - found R at the former around 1.1305?
So, you are willing to move in 5 - 10 minutes?
GPY squared on the bounce from R1

Dance is over for today. Thank you Ladies (Cable, GPY and EUR). I wish you new high and lows on the London handing over to NewYork

On Trading CAP versus living with my MO:

There might be several different aspects to take into account.

Everyone stepping into the FX journey may have in mind getting a financial freedom that is an important consideration of human beings. However even the freedom could imply different meaning.

Hypothesis:
An ant has been building his/ her house for two years and has started to think to make positions larger. It would be good if you already succeeded keeping in green along with the growing in sizes.

So, what CAP size should be your target No 1?
Having a decent 0.5% as 1.2 K monthly would imply a small figure of 240 K. If you took the max recommended by Fti leverage at 1:10, then you could try with 24K (to make o.5% = 1.2K). Then, in fact it's 5% monthly (is it decent?). One could of course say, let it be 1:100 or 1:400 and you are going to get more than 50% per month. But these figures are rather for PROs not for the ant.
Will I be able to find any misconception in the above computation? Is it realistic or just a dream of an ant awakening after winter sleep?
That is not for a PRO but for an ant dreaming (or projecting) to become one.

And now, I am making a check whether my MO suits to dreams. Most likely not but must review.

...And no trades until the late afternoon, perhaps... due to other commitments

Thanks for thread Exnav! Thanks for helping me and other newbies! I just want see some charts here, cause think it helps vizualize PA and your MO if it's easy for you.

Hello Protuberanec,

You are warmly welcome. I think the best way is to watch the PA on your own chart and read simultaneously what I'm doing via my posts (a sort of interactive reading, feeling). But not follow with your Live orders. The reason I explained in one of my previous posts. When I'm in a deep hole, I don't have time to post and explain. And my counterattack would be a matter of seconds on 10SEC chart.
Unfortunately, I don't draw nor copy charts yet. It might come, perhaps.
On the other hand, if you wish, you may share your charts and thoughts here.

Best regards,
Exnav

Watching Loonie approaching yesterday NY close.
Cable is testing Pivot
I'm Loonie Long and this pair is a Terra Incognita yet in the Daily Range 1.3300 - 1.3400
Will she move to the Low Boarder?
Daily Close broken South on the way to Pivot 3350. They may try to take some stops below 3340
So what? Wait a half hour more or maybe now?
Cable bounced fro Pivot and approaching S1 (3rd test?)

Whatever Loonie candles show, she may merely dive with just 4 - 6 pips retracements.
Cable touched yesterday Low and bounce back

Why Loonie is following me? It should be opposite. Ok, let's change, you will lead me...
Does Cable want to look South, is it warmer there? ATM found R at S1 sharp
Does Loonie like North, it's natural they live there
ATM Cable is dancing between S1 and S2
Cable bounced back from S2 sharp
Will it be too cold for Loonie around 1.3384?

ATM Cable is dancing between S2 and S1
I'm watching Loonie approaching 1.3380 level area, either she has a Resistance on R1 and minor trendline down or may proceed to take Day highs
Closest South grounds are about 1.3350 1.3340 (Pivot and about 50% of yesterday run up)
Loonie may take a bit longer so to attempt SHS around 1.3390
Cable 15MIN candle is hinting a move North if breaks 1.3077 first
We may have new forces to come in some 15 minutes.
GPY has broken S2 South
Cable next bus stop 3044 - 3052
Watching GPY approaching 146.10 (S3)
Loonie is yet plodding in the snow, maybe it would melt away if she turns South
GPY hints 146.12 was enough (5MIN candle), I was waiting the bus a bit lower but Cable did as by book sharp
Is Loonie waving a flag?

So, if Loonie breaks 1.3362, it would be next wave South and the session trend down. 15 pips of retracement is quite good for this pair. Support might be at 1.3350 - 1.3340. That could be a place to launch a counterattack Long.

And now we can compare retracements in pips for Loonie, Cable, GPY and EUR. They play good guys or ladies in synch

GPY approaching. And I can see something wrong with my charts. Where did I see 146.12? No indication now. Strange. (A little spike by my broker)
I did find the 146.12 low - only on Hourly chart, no on any other time frame. They say 146.20 was the lowest.

Time is passing and the Loonie minor trendline slope border has approached, now it's 1.3381

But my broker is joking with me (different prices on different TF). I must adapt

Probably 20 - 30 minutes to wait some PA to develop

Exnav, what pivotpoint you use? pivot point from oanda in chart. I have spike 146.13 on gbpjpy

This is a correct question. I am not with Oanda. I use Fibonacci daily pivots. But: I'm not rigid at all. Moreover, my charts might be wrong and misleading. Brokers are doing whatever they wish. I am also using Fibonacci retracements. But what it is - 35 to 67%. I don't stick to any exact figure, I watch what PA is doing around those areas. Everything could be deceptive, candles, patterns, levels. You may have a support or trendline border but who cares if price breaks them for 1 or 50 pips. And actually they do. Sometimes they touch and bounce sharp so you believe they will do the same the next time, they may or they won't. It's their game, though. To take stops, to show false levels, indicators, etc.
No rigidity, no stops. Just respect to the Big Guys.

And now Loonie wants more snow?
Loonie squared on the bounce from minor TL down as per plan
Now watching either GPY or Cable to embark but not sure if I will. At least observing, we'll see

My Cable Chart says: Pivot 3093; S1 3075; S2 3063

Protuberanec, don't hesitate and ask. We now have some minutes to discuss if you are not engaged in a trade

My GPY Chart says:
S1: 146.43; S2: 146.28; S3: 146.03

Protuberanec, thank you for the Spike at 146.13. So, I'm not too old yet to trade I saw 146.12 and it disappeared in some minutes leaving just 146.20 trace on charts

I like JPY to come there because I cannot. She must lead and invite me for a dance, otherwise, no dance for today anymore

20 - 30 minutes to watch out

And Loonie did well in accordance with my plan. But I'm not a member of Big Guys Game, why so?
Does Loonie want to invite me? Again?
Unfortunately I missed the invitation, was called out from the screen.

Loonie Long
And checking the saying: Lightning never strikes twice in the same place.

No respect to Fibo 50%?

Another 30-minute-snow-melting-away

Disrespect to Pivot

Stand-By for counterattack

GPY Scout Long

Loonie squared

GPY CA - aren't I too greedy?

Do they search my stops? In blind? One more spike? Maybe 144.00? or 142.00? What is GBP GPY worth?

GPY Longs squared. Thank you, GPY and Loonie, for nice dance. Over.

I dont understand why you go long, on its counter move? About both trades.

A good and right question. I will try to specify this point, although it was explained in my previous posts on Trends.

Longs with Major Daily Trend or previous Days Up. I go Long on the retracements or support areas. Loonie was Up, JPY Up as well.
When I'm in better shape I try to go along with a current minor trend and opposite way along the major trend. It requires just as much as flexibility (apart from correct and objective reading of the flow/ terrain/ chart).

E.g., Major GPY trend is Up, I take retracements and go Long. But I can do Shorts when there is corresponding feeling. I should have shorted already from Pivot down and bought on all retracements. Thereby, you get pips both ways, although it's never 100% (of course there are PROs masters but not me), you may have 50 - 75% of every wave and the same of retracement.

When I show my Longs or Shorts, I don't want to confuse anyone as saying I'm both Long and Short the same time. Thus, I was Long today on USDCAD and GBPJPY since I felt it's safer to go along with the major trend Up. If you catch the switch over from the minor trend to the major, you may collect more pips and it looks very easy: minor session trend is along with the major one.

I can entirely see your misunderstanding but it's the way I'm doing and you could see that major trends are mostly stronger and they are safer to follow.

I'm of more energy in the European morning and trying to catch the both or only trend, adding on retracements. In the afternoons, it depends. It's getting like automatic play on reflex. But you could see my flow analysis (trendlines, support, retracement areas).

At least, we should agree that price never fly or drop as a vertical line endlessly. I entirely agree that you will be happy once caught a complete fly or drop. And I never go against, or you noticed that I just blindly put my order against the flow. How then could I get pips/ profit. If somebody is selling, there must be a buyer for the thing he is selling, or otherwise. I go along with buyers or sellers, along the PA flow as I'm feeling it. To know the weather outside I just open the door or look the window and I feel it.

If you still do not understand, please PM me your exact questions and I will try do my best.

Anyway, it doesn't mean that I'm right. It's fine with me. And my MO serves me. Everyone should do things suiting him/ her individually.

You may be willing to reread some of my posts where I explain the MO.

P.S. If all the trading was that simple, buy low, sell high, follow/ ride the trend all the way, everybody would be rich and successful. But it's speculation and speculators business. Hard work and will to evolve, training and training.

And I am willing to receive any critique.

Hello Protuberanec,

I am grateful for your question that triggered my thought process a little ahead.

First, you are welcome to participate here and share your own thoughts, so we could discuss together. Keep your mind open for search and development. You should ask and not leave any misunderstanding. As soon as understood clearly the core of the matter, you analyze, dissect whether it fits you, do you need or like to use it for your own individual MO. Or, just leave it with me. Decisions are always yours (and money of course).

Second, to the matter. I'm not trading sizes moving the FX Interbank (if such exists at all, but whatever we see on our platform). I'm trading little ant sizes. And even my attack or counterattack is not worth the Big Guys attention.

Third, I would like to understand and see where buyers would buy or sellers would sell. There are both parties that need or want to buy or sell in a particular time span, let it be, e.g., London-Frankfurt-New York cross as yesterday. There are many reasons for those buyers and sellers to come and put their orders around the same time. And still there are huge pockets willing to buy or sell at a better price (they may have banks analysts and advisers for the purpose). E.g., you need to exchange a significant amount of money before London closing at your reputable banks. And you may want buy or sell.
Then, your bankers watch those levels where they would put their orders. The seller would sell Loonie at 1.3380 and buyer would put his order at 1.3345 - 1.3350. I also indicated possible reasons why there. Therefore, I did show you those price levels. The same was with JPY (levels, round number).

I, as a little speculator, like to follow those PA movers.

Hope that it gets more comprehensive now.

Best regards,
Exnav