Tracking this bearish butterfly pattern. Looks pretty good, except the 78.6% retracement of XA was just a couple points short from touching, but darn close. 27300 looks like a good area.
Good work is the key to good fortune
- Post #46,743
- Quote
- Jul 31, 2019 7:43am Jul 31, 2019 7:43am
Keeping my eye out on this setup, not the best setup though, but it is what it is!
On a different note, almost done with my backtesting, will show my results on a later date.
Don't forget the news today traders!
Have a good one!
On a different note, almost done with my backtesting, will show my results on a later date.
Don't forget the news today traders!
Have a good one!
"Luck is when opportunity meets preparation"
- Post #46,744
- Quote
- Jul 31, 2019 8:54am Jul 31, 2019 8:54am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- Post #46,746
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- Jul 31, 2019 11:53am Jul 31, 2019 11:53am
- | Joined Apr 2019 | Status: Member | 50 Posts
- Post #46,747
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- Jul 31, 2019 11:53am Jul 31, 2019 11:53am
- | Joined May 2018 | Status: Member | 196 Posts
- Post #46,748
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- Jul 31, 2019 12:54pm Jul 31, 2019 12:54pm
70% expectancy rate with proper SL placement.
- Post #46,749
- Quote
- Jul 31, 2019 2:05pm Jul 31, 2019 2:05pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- Post #46,750
- Quote
- Jul 31, 2019 2:07pm Jul 31, 2019 2:07pm
Hello Traders, Here is the link to the live stream. https://youtu.be/qEOE71Dkwgo
"Luck is when opportunity meets preparation"
- Post #46,752
- Quote
- Jul 31, 2019 4:17pm Jul 31, 2019 4:17pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
{quote} Good to have you back!
If you fail to plan, you plan to fail.
- Post #46,753
- Quote
- Jul 31, 2019 4:17pm Jul 31, 2019 4:17pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- Post #46,754
- Quote
- Jul 31, 2019 7:30pm Jul 31, 2019 7:30pm
{quote} Good to have you back!
Wow! I've got some experience to gain.
- Post #46,755
- Quote
- Jul 31, 2019 9:22pm Jul 31, 2019 9:22pm
70% expectancy rate with proper SL placement.
- Post #46,756
- Quote
- Jul 31, 2019 10:25pm Jul 31, 2019 10:25pm
loosing day today...because of FOMC 
this was a losing trade. Hit the SL.
Entered now in GU S.
Hopefully it will go down like the previous wave. hoping it was not the exhaustion move...
not much str to the left....I can see the tail but that's about it.
this was a losing trade. Hit the SL.
Entered now in GU S.
Hopefully it will go down like the previous wave. hoping it was not the exhaustion move...
not much str to the left....I can see the tail but that's about it.
- Post #46,757
- Quote
- Aug 1, 2019 5:40am Aug 1, 2019 5:40am
- | Joined Sep 2016 | Status: Member | 585 Posts
loosing day today...because of FOMC{image} this was a losing trade. Hit the SL. Entered now in GU S. Hopefully it will go down like the previous wave. hoping it was not the exhaustion move...
This is a very bad way to view things my friend. Not just in trading but in general. Everything just happens and the way you react to those events is one of the most important things in life. Take responsibility for your own doings... you didn't lose because of FOMC or because I ate oats yesterday or whatever. You lost because YOU entered a trade and the probabilities aligned that way. The FOMC news were scheduled at the very least a week before. You could've stayed away from the market if you wanted to...if you did that how would the FOMC make you lose than ?
I'm far away from being perfect but this little "habits of thinking" bug me because they are not just related to trading, they are part of life and it saddens me to see people lie to themselves.
I will use a quote from a member of this forum: "I tell it like it is." - Rocky
- Post #46,760
- Quote
- Edited 7:36am Aug 1, 2019 7:25am | Edited 7:36am
loosing day today...because of FOMC{image} this was a losing trade. Hit the SL. Entered now in GU S. Hopefully it will go down like the previous wave. hoping it was not the exhaustion move...
Started NJ S.
EG L
