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  • #11,661
  • May 31, 2019 8:41pm May 31, 2019 8:41pm
eurgbp on 5/22 (demo):

BB: Price rejected from BRN 85, just above the SS, uptrend.

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B: Swing low, straddle off 85 back over the 200, I was waiting for a close above the SS before going long. That happened the week end 5/17.

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W: 5/20 closed above support, but I wanted it to confirm, which it did the next day with almost a hammer-like doji with rejection off the 200. I went long at .87786 with a SL under the 200. Price went up then sideways. I'm starting to realize the value of volatility (atr10 is 46pips). Price rejected off resistance today with a shooting star; I don't like that candle so I will probably close out first thing on Monday open. I feel a bit lucky when I look back on this one.

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  • #11,662
  • May 31, 2019 8:48pm May 31, 2019 8:48pm
This one didn't go well, it's obvious why - NZDUSD on 5/23. Briefly, I thought I was going short in an established downtrend, price closed under support with confirmation on the 22nd, went short on 5/23.... right into BRN .65, BuOB on 5/23 and that's when I realized my mistake so I closed out.

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  • #11,663
  • May 31, 2019 10:18pm May 31, 2019 10:18pm
Quoting tommyFL
This one didn't go well, it's obvious why - NZDUSD on 5/23. Briefly, I thought I was going short in an established downtrend, price closed under support with confirmation on the 22nd, went short on 5/23.... right into BRN .65, BuOB on 5/23 and that's when I realized my mistake so I closed out. {image}
Hi tommyFL,

I think this red moving average blocking your candles in your chart .
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You can remove it by changing below settings. change the color to none

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Regadrs

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #11,664
  • Jun 1, 2019 7:23am Jun 1, 2019 7:23am
Quoting Suran
{quote} Hi tommyFL, I think this red moving average blocking your candles in your chart . {image} You can remove it by changing below settings. change the color to none {image} Regadrs Suranga
Thanks!
  • #11,665
  • Jun 3, 2019 7:17pm Jun 3, 2019 7:17pm
Quoting tommyFL
eurgbp on 5/22 (demo): BB: Price rejected from BRN 85, just above the SS, uptrend. {image} B: Swing low, straddle off 85 back over the 200, I was waiting for a close above the SS before going long. That happened the week end 5/17. {image} W: 5/20 closed above support, but I wanted it to confirm, which it did the next day with almost a hammer-like doji with rejection off the 200. I went long at .87786 with a SL under the 200. Price went up then sideways. I'm starting to realize the value of volatility (atr10 is 46pips). Price rejected off resistance...
I should have had more faith in the B & BB trends!
  • #11,666
  • Jun 4, 2019 3:59am Jun 4, 2019 3:59am
Quoting tommyFL
{quote} I should have had more faith in the B & BB trends!
Confidence comes with time. Just do the work and spend more and more time watching that price action

and start paying attention to other things as well
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( I attached the wrong chart )

About EurGbp , you have to take profits at some point. You want to be greedy ?
How do you plan to take profits actually ?
  • #11,667
  • Jun 4, 2019 4:09am Jun 4, 2019 4:09am
GOLD
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,668
  • Jun 4, 2019 4:45am Jun 4, 2019 4:45am
Quoting tommyFL
{quote} I should have had more faith in the B & BB trends!
I guess you had not trust in yourself.

Price action is still the same, the price goes up and down same as in old Dr. Joe days, just follow it.

I am glad that fellow trades still keep this thread alive because it is hard to find quality threats like this in this crap forum

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  • #11,669
  • Jun 4, 2019 7:21am Jun 4, 2019 7:21am
Trade what is moving! >>> GOLD
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,670
  • Jun 4, 2019 7:41am Jun 4, 2019 7:41am
Quoting Fxentropy
Trade what is moving! >>> GOLD {image}
wow! that was a very nice ep
...want it most but use it worst!
  • #11,671
  • Jun 4, 2019 1:07pm Jun 4, 2019 1:07pm
Quoting bistolis
{quote} Confidence comes with time. Just do the work and spend more and more time watching that price action and start paying attention to other things as well {image} ( I attached the wrong chart ) About EurGbp , you have to take profits at some point. You want to be greedy ? How do you plan to take profits actually ?
I wait to see what the price does at SR. I saw the bar from Friday and thought it was done, so I moved the SL up rather than close, but the SL was taken at .88254, arguably I should have put the SL a little lower for sure. I thought 0.887 has been quite important for this pair over the last 12-24 months and I let the psychology get the better of me.

Although I came out on top I had an initial SL of 100 pips or so, so getting 50 pips isn't great RR. And something I would like to avoid.
  • #11,672
  • Jun 5, 2019 12:41am Jun 5, 2019 12:41am
are there any special settings to get the charts filled like you guys??
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  • #11,673
  • Jun 5, 2019 1:42am Jun 5, 2019 1:42am
Quoting raamaka
are there any special settings to get the charts filled like you guys?? {image}
Those are bars, make them wider
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  • #11,674
  • Jun 5, 2019 2:41am Jun 5, 2019 2:41am
Quoting Szpons
{quote} Those are bars, make them wider {image}
was asking about second fill
got it i added one more ribbon with 1 ma and 20 ma
  • #11,675
  • Jun 5, 2019 3:15am Jun 5, 2019 3:15am
For those, who still struggling with shiny indicators and color schemes, deal with small wins small loses and sometimes PRICE reward you like this

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  • #11,676
  • Jun 5, 2019 3:41am Jun 5, 2019 3:41am
Quoting raamaka
{quote} was asking about second fill got it i added one more ribbon with 1 ma and 20 ma
use 1EMA and 72 EMA for the fill , make the 1EMA (or 2) invisible
and then put on a 20EMA
  • #11,677
  • Jun 5, 2019 3:57am Jun 5, 2019 3:57am
Quoting bistolis
{quote} use 1EMA and 72 EMA for the fill , make the 1EMA (or 2) invisible and then put on a 20EMA
72 MA or 50 MA or 34 MA Which one is best

72 ma looks like this pic
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  • #11,678
  • Jun 5, 2019 4:32am Jun 5, 2019 4:32am
GOLD....exited too early!
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,679
  • Jun 5, 2019 4:43am Jun 5, 2019 4:43am
Quoting raamaka
{quote} 72 MA or 50 MA or 34 MA Which one is best 72 ma looks like this pic {image}
exponential moving average
I use 72 E M A for every chart that I pay attention to. I am feeling comfortable after spending plenty of hours watching price action with those settings.
Use whatever you prefer actually. Most people in here use 72 and 20. and then 200EMA (which is pretty much standard on any chart)

what matters above all else is how the candles form and close around support/resistance. the shadow is powerful once you get used to price action
(on your chart the candles are too small for my tastes)

 

  1. make your candles easy to your eyes
  2. put the shadow
  3. add 20EMA
  4. add 200EMA
  5. and you are ready to spend the next couple of years reading price action until you are confident with your decisions.
  6. and then keep on learning everyday


That's pretty much it, and you might make it even more simple.

PS: i recommend reading the 5 steps (page1) regularly

  • #11,680
  • Jun 5, 2019 5:04am Jun 5, 2019 5:04am
Quoting Fxentropy
GOLD....exited too early! {image}
1350 to break now

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