Short Term Measured Move Method

Short Term Measured Move Method

I'll be looking for short term measured moves (MM) in the majors. (and I'm not even a fan of alliteration...)

This means that I will ignore a lot of price action (PA) but also be including some technical analysis (TA) within this method.

No indicators, but I keep a 20ema on the charts.

I may add to this initial post to add some info on what I'm attempting here.

I will be looking for Leg one. (leg1) This is a move that is showing some directional power in size and is more significant than prior PA.
Next I will seek a pullback (PB) depending on the slope of leg1, this PB is the MM flag which can take many forms. The MM flag can also just fade away and devolve into junk PA.

One of the challenges is to determine if leg1 is the end or the start or continuation of prior PA.

I will seek an entry somewhere in the MM flag with the goal of attempting to capture the chart area covered by a successful MM meaning, a gain from a potential leg2.

I will also consider the obvious correlations between the majors. For example, if there is a strong move up in EU, I would not consider a long in UJ unless EU is extended into potential resistance, or if the UJ move is more convincing and if UC is trending down, etc.

I'll be showing ideas that I may trade, I'm not suggesting you trade this way, trade at your own risk, many of my entries I will kill or be stopped out of for a loss.

I know this works, as do many other methods, I'm sure. I'm also sure now that I can't successfully trade any method because I'm addicted to gambling and any trading triggers the addiction and I can't function in trading or in life, so I'm signing off. Best trading to those of you who can handle it, but if you can't because of addiction, I can't beat it, find out if you can before you go as far down as I did.

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ucad has news at 8:30, in 10 minutes. It already has a MM down into an area missing much support or resistance. I see the potential here for a flag forming so far since midnight ET US. I can see some potential for today's tight PA to break on this news, and potentially a leg2 down to 1.335 area. Concept I think of here is that news forms a reason or a catalyst to complete PA setups. Sometimes news will do a head fake first so I may wait for the break and fake or the shakeout and then see if it goes lower.

I decided to enter a very small sized lot here in anticipation of this move with a rather tight stop for a small risk amount. So far, it is going rather well.

I exited as this move slowed down, probably a little bit early, but that's pretty much what I habitually do anyway. This is pretty rare quick success for me, I don't expect to see this happen as easily as this seems. This is pretty much luck that I started this thread off with instant good results.

I short term traded the green line yesterday. What I missed was longer term fact that the black line had a very good MM and that was evidence that perhaps what the green line started, had a chance to continue as it did on the pink line. That was a great move

I see a potential leg1 in EU that has some strength downward, but it's counter trend at this point, so it's definitely risky. I am short here on the potential flag looking for an equal distance down as leg one made from the recent high on 5m chart.

I haven't even set my bracket yet on this since I'm still considering if I'm going to kill it off, but here's my entry on it. Regarding correlations, ucad up somewhat here short term can help, but uj down would not, unless ej and gu have downward pressure, etc.

So far all I've done was make the spreads, I don't really like this any more since I'm impatient as a trader, but it also now needs a break, I also don't like having to wait for a break of potential support in an uptrend, so I may still kill it.

I got whipped. There is an entry when the MM flag is broken which causes a retrace of leg1. So I killed off my short, and went long on the potential leg1 RT and flag break. Then, that potential flag break was retraced also, and even steeper and faster than the potential flag break, so I killed off my long. Now, I'm back to short since the potential flag break looks like a shakeout and a stop run for shorts since the prior high was at 1.1305 and price beat that a little for too-tight weak-hand shorts, like me. So this caused me to be more confident in being short, which I currently am again. This happens, I'd like to prevent it, but so far I get caught up in it. At this point I need a break of 1.129

If the prior 5m bar with the bottom tail breaks, there is a chance that a give-up bar forms which would be a decent drop. If I stick to the MM target projected down, then it's about 15pips down from 1.29 area.

EJ had a way better MM w completion of leg2. Ucad up had a decent MM also. EU here is giving me overlap stress. Starting to move a bit now so this is the one I'm in so I have to stick with it.

I just took it here. Flat maybe a tiny gain on day not sure yet. Too much stress for what, maybe $20 if I'm lucky....

It just went to where my target was, but I was burned out, I let my emotions get triggered so I started to fail in my management. If I was calm, I may have let it run another 5 pips, which is where it is now. So on the psych side, I now know that one of my emo triggers is watching other pairs that I'm not trading follow thru while the one I am is is stuck. I need a solution for this, or not, I did have a gain today, but maybe with less stress would be nice, otoh, maybe I need to feel like this and it helped me gain anyway. Fun?...

Good morning all. I see MM all over the place today. Some completed, some with potential. It'll take me some time to sort out the one or 2 that may move.

I got a late start this morning, I was busy helping as I am a caregiver. There's a lot I missed but one thing I saw was EU nearing the completion of leg2 of a MM so I scalped it long. I don't really like to do this, I'd much rather find the flag and attempt to capitalize on at least 80% of leg2, but I felt like this was the moment considering all the correlations at that time. I entered at "e" and exited at "x." Not much and of course I exited just before my target ...again.

It's Friday, I had the best trading week of my life, it's pouring rain, I have a ton of stuff to catch up on, I don't want to blow my week's gains on a Friday like I've done so many times, so I may not be back, but of course ucad is on the move again. Ok, I'll attenuate my greed for the moment and pass. Here's the chart of the scalp for the capture of the end of leg2.

that is a nice one

Final post, good trading to you all.