And you will leave pain to take care of itself.
- #321
- May 16, 2019 12:08pm May 16, 2019 12:08pm
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
- #323
- May 16, 2019 3:37pm May 16, 2019 3:37pm
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #325
- May 16, 2019 3:46pm May 16, 2019 3:46pm
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
{quote} it's done, it works small test everything ok {image}
And you will leave pain to take care of itself.
- #326
- May 16, 2019 3:48pm May 16, 2019 3:48pm
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote}
- #327
- May 16, 2019 3:51pm May 16, 2019 3:51pm
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #328
- May 17, 2019 12:23am May 17, 2019 12:23am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #329
- May 17, 2019 12:31am May 17, 2019 12:31am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #330
- May 17, 2019 12:38am May 17, 2019 12:38am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #331
- May 17, 2019 10:05am May 17, 2019 10:05am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #332
- May 17, 2019 10:46am May 17, 2019 10:46am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #333
- May 17, 2019 12:27pm May 17, 2019 12:27pm
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #334
- Edited May 19, 2019 2:05am May 18, 2019 2:06am | Edited May 19, 2019 2:05am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #335
- May 18, 2019 2:25am May 18, 2019 2:25am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{image} PSYCHO-CYBERNETICS, A New Way to Get More Living Out of Life By Maxwell Maltz
- #336
- May 18, 2019 3:12am May 18, 2019 3:12am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
{quote} how about gbpusd more down
It's at S161 and little bit overstretched (ADR 102%). Correction will come but question is when.
A lot of news for next week.
Thank you for your input,
regards
And you will leave pain to take care of itself.
- #337
- May 19, 2019 2:51am May 19, 2019 2:51am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
Some thoughts related to Pivots (Part #8):
Just a general refresher. When price gets rejected from 61-100 pivots often continuation down is not straight line. Its seldom that price gets rejected then bounces higher from swing high 61-100 but more common it travels away from 61-100 towards WP weekly equilibrium then if the move is stronger it drops 38 then finally opposite side 61-100.
Example NU hit 61R got rejected dropped now making typical AB=CD formation. Stay calm know that its typical way price corrections move.
We are at C on NU
another range situation on EA
When trading range ALWAYS trade towards most likely break out example EA is south. One direction south so if it breaks out you are good to go if not still made money. Don't trade both ways often does not work.
I want to understand better about these kind of entries. It is from R61. That's fine. However, what kind of price action convince you to short? TDI is around overbought area but not have good angle. Also angleator hasnt produced a good short signal. And the 4h candle has a good rejection lower wick.{quote}
I mentioned on 1st page that I trade 15min charts+
Look at the rejected wiks (yellow box) now look at red 15 candles. To me that's enough however one can wait little more confirmation with TDI.
This is very strong R and not easy to break north. Look also daily ADR which has reached. So only reasonable direction is south correction.
Give it little time.
I always stressed it’s important to educate yourself. Knowledge of ELLIOT Wave patterns gives you confidence to stay in the trade without shitting in your pants.
Knowing how corrections works is a huge plus.
My pivots system 61-100 zone often almost all the time correspond to key turning harmonic patterns which itself relates to EW
All these relates.
Just a general refresher. When price gets rejected from 61-100 pivots often continuation down is not straight line. Its seldom that price gets rejected then bounces higher from swing high 61-100 but more common it travels away from 61-100 towards WP weekly equilibrium then if the move is stronger it drops 38 then finally opposite side 61-100.
Example NU hit 61R got rejected dropped now making typical AB=CD formation. Stay calm know that its typical way price corrections move.
We are at C on NU
another range situation on EA
When trading range ALWAYS trade towards most likely break out example EA is south. One direction south so if it breaks out you are good to go if not still made money. Don't trade both ways often does not work.
I want to understand better about these kind of entries. It is from R61. That's fine. However, what kind of price action convince you to short? TDI is around overbought area but not have good angle. Also angleator hasnt produced a good short signal. And the 4h candle has a good rejection lower wick.{quote}
I mentioned on 1st page that I trade 15min charts+
Look at the rejected wiks (yellow box) now look at red 15 candles. To me that's enough however one can wait little more confirmation with TDI.
This is very strong R and not easy to break north. Look also daily ADR which has reached. So only reasonable direction is south correction.
Give it little time.
I always stressed it’s important to educate yourself. Knowledge of ELLIOT Wave patterns gives you confidence to stay in the trade without shitting in your pants.
Knowing how corrections works is a huge plus.
My pivots system 61-100 zone often almost all the time correspond to key turning harmonic patterns which itself relates to EW
All these relates.
And you will leave pain to take care of itself.
Some thoughts related to Pivots (Part #8): Just a general refresher. When price gets rejected from 61-100 pivots often continuation down is not straight line. Its seldom that price gets rejected then bounces higher from swing high 61-100 but more common it travels away from 61-100 towards WP weekly equilibrium then if the move is stronger it drops 38 then finally opposite side 61-100. Example NU hit 61R got rejected dropped now making typical AB=CD formation. Stay calm...
- #339
- May 19, 2019 3:27am May 19, 2019 3:27am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
Some thoughts related to Pivots (Part #8):
NU take a look
Now throw the weekly pivots on top and observe
Let’s go over again how I trade range.
1st I identify likely scenario of break out Bear side or Bull. This is important because this makes which direction I want to trade.
2nd build positions towards likely BO and from range top
3rd trade ONLY same direction of BO not both ways
Example I anticipate EA to BO south based on weekly R and price failing to break higher hence my bias is south.
Now I only will sell EA. The reason is obvious you don't want to be caught against the BO by trading both ways. Always trade towards most likely BO direction. Should this occur your range trades will become even more profitable trend trade!!!
Look at EA chart
You are not afraid that the system will stop working after so much people will use it?
no because no 2 people trade exactly even on same system. In greater scheme of things retail traders are drop in the ocean collectively. Forces that move price are far far more resourceful and powerful.
We only provide liquidity to fill their orders hence why spikes occur.
Power of pivots. Right on the T
Swings end usually with a spike! This is due to large institutional traders pushing price triggering stops allowing their orders to get filled.
When you see a spike don't be scared. Unlike retail traders large institutional orders can't be filled anytime they wanted hence they create the conditions for it and one way is to hit stops.
NU take a look
Now throw the weekly pivots on top and observe
Let’s go over again how I trade range.
1st I identify likely scenario of break out Bear side or Bull. This is important because this makes which direction I want to trade.
2nd build positions towards likely BO and from range top
3rd trade ONLY same direction of BO not both ways
Example I anticipate EA to BO south based on weekly R and price failing to break higher hence my bias is south.
Now I only will sell EA. The reason is obvious you don't want to be caught against the BO by trading both ways. Always trade towards most likely BO direction. Should this occur your range trades will become even more profitable trend trade!!!
Look at EA chart
You are not afraid that the system will stop working after so much people will use it?
no because no 2 people trade exactly even on same system. In greater scheme of things retail traders are drop in the ocean collectively. Forces that move price are far far more resourceful and powerful.
We only provide liquidity to fill their orders hence why spikes occur.
Power of pivots. Right on the T
Swings end usually with a spike! This is due to large institutional traders pushing price triggering stops allowing their orders to get filled.
When you see a spike don't be scared. Unlike retail traders large institutional orders can't be filled anytime they wanted hence they create the conditions for it and one way is to hit stops.
And you will leave pain to take care of itself.