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General Trading Chat / Ideas

  • #9,681
  • Oct 1, 2019 12:54am Oct 1, 2019 12:54am
think I may have had it hourly chart back there ,, but nothing more than a damn box of the week and half range or so and the ext levels ,, wheres it go with 50 level wiped and under some shit ,, ,, do you hesitate and masturbate like eng said or do you find a way to get in and get some ,,,, you know bout how far it will go most days ,,, you know when the majority of it will happen most days ,, ,, not easy but its not the rocket science its made out to be
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  • #9,682
  • Oct 1, 2019 12:59am Oct 1, 2019 12:59am
OK man, you need to get some averages set up on your charts if you haven't already. Let's start with this... we're really interested in the M15 200 EMA because it is usually a great place to initiate a position when the market is trending and not ranging about. The M15 200 is the same as an hourly 50 EMA... (15m*4=60m=1 hour).. on the 30 minute chart it would be a 100 EMA... get it? It took me a minute to figure out what I was being told but once I got it, it became clear and is very easy.
  • #9,683
  • Oct 1, 2019 1:00am Oct 1, 2019 1:00am
Quoting Rrrracer
{quote} "where is weekly pivot ,, ? how many trades from hourly 50 ,, or m15 200 ,,, best trades come from ,, the weekly numbers ,,, yellow average a rough ave weekly price ,,,or a 120 ema on hourly or around a m30 200"
Thanks for the highlights but i don't have tools to get those, i have no way to get the pivots and still learning MA's and the number of trades from hourly 50.. no idea how to count it. Will keep on studying that. Just don't know where to learn those.
Only an idiot knows with certainty to where the market is going.
  • #9,684
  • Oct 1, 2019 1:00am Oct 1, 2019 1:00am
Quoting MrBullBear
{quote} Done my homework at audusd pair, I closed it. Now the eurusd, i was just following the ascending range and will get out soon. Will wait if there's any breakout or continuation.
cut your entry down in 2 ,,, so you have one to take a bit of profit and have a runner with stp at even or plus one ,, a lot of runners will get wiped in a days time ,, but many make ya smile at end of week when ya can catch a daily chart swing near top or bottom ,, ,, but ya work with what the mkt gives ya
  • #9,685
  • Oct 1, 2019 1:01am Oct 1, 2019 1:01am
Quoting Rrrracer
OK man, you need to get some averages set up on your charts if you haven't already. Let's start with this... we're really interested in the M15 200 EMA because it is usually a great place to initiate a position when the market is trending and not ranging about. The M15 200 is the same as an hourly 50 EMA... (15m*4=60m=1 hour).. on the 30 minute chart it would be a 100 EMA... get it? It took me a minute to figure out what I was being told but once I got it, it became clear and is very easy.
Got it.
Only an idiot knows with certainty to where the market is going.
  • #9,686
  • Oct 1, 2019 1:05am Oct 1, 2019 1:05am
Quoting MrBullBear
{quote} Thanks for the highlights but i don't have tools to get those, i have no way to get the pivots and still learning MA's and the number of trades from hourly 50.. no idea how to count it. Will keep on studying that. Just don't know where to learn those.
M 15 200 orange ,, m30 200 blue ,, got under left hand corner of chart ,,,,, under some shit ,, when price gets to them ,, what do you do ,,, till it its back above them ,,,, then its above some shit ,,, draw a line ,, the no break no shake zone below ,, worked for a few longs up to what res ,,,, finally got spanked the fuck good ,, now its under some more shit , what was tht line ,,, the fifty level of tht box , ya know where the next line is ,,,, and it aint got far to go now
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  • #9,687
  • Oct 1, 2019 1:06am Oct 1, 2019 1:06am
Quoting MrBullBear
{quote} Thanks for the highlights but i don't have tools to get those, i have no way to get the pivots and still learning MA's and the number of trades from hourly 50.. no idea how to count it. Will keep on studying that. Just don't know where to learn those.
You don't really need the pivots, if you can draw support/resistance then you will find those areas anyway, they just add weight to a certain level. I trade futures and our pivot levels (all levels really) are a bit different than FX but have been able to work around it. I think the S/R levels and averages are more important, so best to get those nailed down first. You need a M15 200 (which is the same as a M30 100 and a H1 50). That one pretty much equates to a daily average price. Then you will want a weekly average price and a monthly average price. There are more, but work on getting those on your charts first. Let me know if you need help, I'll be glad to lend ya a hand man
  • #9,688
  • Oct 1, 2019 1:18am Oct 1, 2019 1:18am
dont matter a whole lot wht time frame ya got below daily ,,, same levels ,, same damn thing , find you favorite and go to it lol, bigger ones mean you can see more time ,, miss a lot of little patterns tho tht can cue one in a bit quicker ,,,
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  • #9,689
  • Oct 1, 2019 1:21am Oct 1, 2019 1:21am
Happy new month mates . Usdchf 4hr timeframe. Stochastic has reached overbought level,so the pullback is expected after then we will be expecting a buy confirmation
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  • #9,690
  • Oct 1, 2019 1:26am Oct 1, 2019 1:26am
Quoting Rrrracer
{quote} You don't really need the pivots, if you can draw support/resistance then you will find those areas anyway, they just add weight to a certain level. I trade futures and our pivot levels (all levels really) are a bit different than FX but have been able to work around it. I think the S/R levels and averages are more important, so best to get those nailed down first. You need a M15 200 (which is the same as a M30 100 and a H1 50). That one pretty much equates to a daily average price. Then you will want a weekly average price and a monthly...
not to split hairs, but i think thats more a two day average price!
  • #9,691
  • Oct 1, 2019 1:28am Oct 1, 2019 1:28am
Quoting Jp1
{quote} not to split hairs, but i think thats more a two day average price!
loll,, not on an m15 ,, ya know if just flip time frame say like on a phone ,,lol
  • #9,692
  • Oct 1, 2019 1:29am Oct 1, 2019 1:29am
What's happening in EU right now is a perfect example of why we should do what the chart says to do instead of thinking about it and acting on that. I was looking to get long off the bottom, which would have been a good little scalp, but I missed the initial entry. Then I tried to get in on a pullback, and that got shut down for a small loss. Tried it again when it pierced the bottom, and what happened... it got sold and another small loss. Now I have no position and am in a mindset that is looking for longs when, the entire time, I should have been looking for shorts.

Had I been doing what the chart said to do, I coulda taken that short from the M15 resistance level I posted earlier (also a H6/H8 avg price) and would have been rolling with the market and up 10+ pips for a nice little gain. Instead I'm out of the market with a couple of losses (albeit small ones.)

The point is that it's easier to roll with the market than fight it. I struggle with this all of the time. Coulda, shoulda, woulda... didn't. Old habits are hard to break. Digs says it takes practice and it certainly does, working on it.
  • #9,693
  • Oct 1, 2019 1:41am Oct 1, 2019 1:41am
Quoting Rrrracer
What's happening in EU right now is a perfect example of why we should do what the chart says to do instead of thinking about it and acting on that. I was looking to get long off the bottom, which would have been a good little scalp, but I missed the initial entry. Then I tried to get in on a pullback, and that got shut down for a small loss. Tried it again when it pierced the bottom, and what happened... it got sold and another small loss. Now I have no position and am in a mindset that is looking for longs when, the entire time, I should have...
you might have to go to a staple gun instead of the rubber bands ,, perhaps a rubber mallet ,, lol,, its a bitch to break ,, just try to think of reasons for chart to grow bigger when price is poking bottom instead of looking at bottom of chart as support ,, and vice versa on the top
  • #9,694
  • Oct 1, 2019 1:50am Oct 1, 2019 1:50am
Quoting digger1
{quote} you might have to go to a staple gun instead of the rubber bands ,, perhaps a rubber mallet ,, lol,, its a bitch to break ,, just try to think of reasons for chart to grow bigger when price is poking bottom instead of looking at bottom of chart as support ,, and vice versa on the top
LOL well what's the saying... see a double top, sell a double top.. I was just trying to do it at the bottom Maybe I need more beer... OK done!
  • #9,695
  • Oct 1, 2019 1:54am Oct 1, 2019 1:54am
even a m15 down to an m5 there is a big difference in your scaling ,,, ,,the longer the day goes on the more fucked up it will get ,, went below Ws1 after it was taken out ,, somebody whacked er again now yesterdays low is wiped ,, asia never rocks the boat much ,, took out last weeks low ,, todays open ,, just have to be careful when the volume comes in getting below 0873 is a biggie for the weekly cam levels
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  • #9,696
  • Oct 1, 2019 1:56am Oct 1, 2019 1:56am
Tht was tht level last week ,, hasent been back above it yet
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  • #9,697
  • Oct 1, 2019 2:02am Oct 1, 2019 2:02am
fresh 2 years lows ,, everyday may have some fresh 2 year lows here for a while ,, lol,, aint many worried about whacking the shit out of it here ,,well at least the ones tht move the this shit ,, aint looked at retail sediment lately ,, probably almost guess heavily skewed long ,faster and farther it drops if it does themore skewed it will get lol,, like clock work ,
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  • #9,698
  • Oct 1, 2019 2:08am Oct 1, 2019 2:08am
Quoting Rrrracer
{quote} LOL well what's the saying... see a double top, sell a double top.. I was just trying to do it at the bottom Maybe I need more beer... OK done!
lol,, somebody moved bottom ,,, those bastards ,,,,, they just done tht to get my stps ,, smart money never sells a low ,, only to get my stps those sons a bitches
  • #9,699
  • Oct 1, 2019 2:15am Oct 1, 2019 2:15am
Quoting Rrrracer
{quote} LOL well what's the saying... see a double top, sell a double top.. I was just trying to do it at the bottom Maybe I need more beer... OK done!
the next one is " divergence ) when instrument makes lower low and indi doesnt follow it ,,, many times ,, think I have heard somebody say this a time or two before just thru a previous low ,, or high ,, those bastards ,, asia wanted out before london started ,,enjoy tht drink bud ,,lol ,also why ya take some profit and protect the runners lol ,
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  • #9,700
  • Oct 1, 2019 2:20am Oct 1, 2019 2:20am
then morhps into a bigger one of your J hooks
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