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General Trading Chat / Ideas

  • #11,141
  • Edited 9:06am Oct 30, 2019 8:06am | Edited 9:06am
Quoting Oc6oph
{quote} Where are you long at? How do you know you have a good coach
@1.11120. I know because obviously, he is one of the few who truly understand the market. No rocket science, no bullshit... just pure understanding of the market behavior. I noticed him since last year when he was guiding Moty, his insights interest me. When he says it will touch that level... it will.
Only an idiot knows with certainty to where the market is going.
  • #11,142
  • Oct 30, 2019 8:10am Oct 30, 2019 8:10am
Quoting Oc6oph
{quote} Hows your trades
doing ok thanks
Turn your wounds into wisdom
  • #11,143
  • Oct 30, 2019 8:12am Oct 30, 2019 8:12am
Quoting MrBullBear
{quote} @1.1120. I know because obviously, he is one of the few who truly understand the market. No rocket science, no bullshit... just pure understanding of the market behavior. I noticed him since last year when he was guiding Moty, his insights interest me. When he says it will touch that level... it will.
I guess you’re talking about 1190 level it’s possible it could whip saw up there but I doubt it gets there. Good luck with your trade . I’m short


Here is some Fibonacci it’s neither bull not rocket science as it’s pretty simple
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ex nihilo
  • #11,144
  • Oct 30, 2019 8:17am Oct 30, 2019 8:17am
Here’s some more Fibonacci bull78.6 fib that he said didn’t work. Looks like about 300pips to me. Pretty simple stuff
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ex nihilo
  • #11,145
  • Edited 9:17am Oct 30, 2019 8:20am | Edited 9:17am
Quoting Oc6oph
{quote} I guess you’re talking about 1190 level it’s possible it could whip saw up there but I doubt it gets there. Good luck with your trade . I’m short Here is some Fibonacci it’s neither bull not rocket science as it’s pretty simple {image}
No, my target is 1.11470.
You maybe right... or maybe wrong. Same goes to anyone. Only one way to find out. Let's see.
Only an idiot knows with certainty to where the market is going.
  • #11,146
  • Oct 30, 2019 8:24am Oct 30, 2019 8:24am
Quoting Bk55
{quote} doing ok thanks
Good deal are you in EURUSD
ex nihilo
  • #11,147
  • Oct 30, 2019 8:28am Oct 30, 2019 8:28am
Thinking about shorting USDCAD for 1.2990 area
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ex nihilo
  • #11,148
  • Oct 30, 2019 8:30am Oct 30, 2019 8:30am
CAD news in 30 might short if It spikes up
ex nihilo
  • #11,149
  • Oct 30, 2019 9:05am Oct 30, 2019 9:05am
Quoting Oc6oph
{quote} I guess you’re talking about 1190 level it’s possible it could whip saw up there but I doubt it gets there. Good luck with your trade . I’m short Here is some Fibonacci it’s neither bull not rocket science as it’s pretty simple {image}
Fibonacci is pretty simple? Lol. You rely your trade with Fibonacci? Well, Fibonacci is not as simple as you think. Matter of fact, it is complicated. It is the most popular/common tools used by traders. And one of the reason why many traders are loosers. Ask your self a question, how many times Fibonacci works? Sometimes it works, sometimes it doesn't. And here's the complication...
1. Which ratio you will pay attention?
2. Which swing points you will use?
They made Fibonacci looks simple coz you can put it anywhere and you will see the reaction within the ratio. But it is only easy after the fact. But before the fact, you are like tossing a coin(s) lots of heads and tails to choose from. I am not discounting the use of Fibonacci. But it should not be use solely. It should be just for support to your bias.
Only an idiot knows with certainty to where the market is going.
  • #11,150
  • Oct 30, 2019 9:37am Oct 30, 2019 9:37am
I use daily H4 as swing points and line them up most of the time with fractal breaks. And it’s very simple stuff.
ex nihilo
  • #11,151
  • Oct 30, 2019 9:53am Oct 30, 2019 9:53am
Quoting Oc6oph
{quote} Good deal are you in EURUSD
not yet waiting for price to make a low under last weeks inside bar
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Turn your wounds into wisdom
  • #11,152
  • Oct 30, 2019 9:58am Oct 30, 2019 9:58am
Quoting MrBullBear
{quote} Fibonacci is pretty simple? Lol. You rely your trade with Fibonacci? Well, Fibonacci is not as simple as you think. Matter of fact, it is complicated. It is the most popular/common tools used by traders. And one of the reason why many traders are loosers. Ask your self a question, how many times Fibonacci works? Sometimes it works, sometimes it doesn't. And here's the complication... 1. Which ratio you will pay attention? 2. Which swing points you will use? They made Fibonacci looks simple coz you can put it anywhere and you will see the...
fibs lvls i watch are 38.2 50. 61.8 for swing entrys and 1272 161 for tagets.
Turn your wounds into wisdom
  • #11,153
  • Oct 30, 2019 9:59am Oct 30, 2019 9:59am
61.8 with pin or engolfer back through 50 is a great set up
Turn your wounds into wisdom
  • #11,154
  • Oct 30, 2019 10:01am Oct 30, 2019 10:01am
need to cover the swing with stop can scale out above 78.6 88.6 and 100 final stop due to the feared harmonic
Turn your wounds into wisdom
  • #11,155
  • Oct 30, 2019 10:04am Oct 30, 2019 10:04am
same goes for taking profit 23.6 000 and 1272 3 tp
Turn your wounds into wisdom
  • #11,156
  • Oct 30, 2019 10:05am Oct 30, 2019 10:05am
not rocket science have a good eye for structure will help you though i think
Turn your wounds into wisdom
  • #11,157
  • Oct 30, 2019 10:07am Oct 30, 2019 10:07am
am short now on eu
Turn your wounds into wisdom
  • #11,158
  • Oct 30, 2019 10:08am Oct 30, 2019 10:08am
and shorted gu and long uj
Turn your wounds into wisdom
  • #11,159
  • Oct 30, 2019 10:12am Oct 30, 2019 10:12am
Quoting Bk55
{quote} fibs lvls i watch are 38.2 50. 61.8 for swing entrys and 1272 161 for tagets.
Which swing you will use, lower lows, higher lows, mid? Higher high, mid, lower highs? Which ratio will work? Fact is, it is easy to identify after the fact. But before the fact, you will guess, where will I put it? Which one will work this time? Those are the questions..
Only an idiot knows with certainty to where the market is going.
  • #11,160
  • Oct 30, 2019 10:14am Oct 30, 2019 10:14am
Quoting Bk55
not rocket science have a good eye for structure will help you though i think
I know its not rocket science, im talking about dependability.
Only an idiot knows with certainty to where the market is going.
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