howdy. any1 caught the pound kiwi trade today?
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- #33,443
- Edited Aug 28, 2020 1:28am Aug 27, 2020 11:25pm | Edited Aug 28, 2020 1:28am
- Joined Jan 2015 | Status: Trader | 1,459 Posts
- #33,446
- Edited 1:28am Aug 28, 2020 12:10am | Edited 1:28am
- Joined Jan 2015 | Status: Trader | 1,459 Posts
- #33,452
- Aug 28, 2020 5:00am Aug 28, 2020 5:00am
- Joined Jan 2015 | Status: Trader | 1,459 Posts
Went back into AUD.. A m15 test that was too hard to pass up, a little supply coming in now but I don't think there is enough selling to drop price. Hard part is we are in fresh new ground so it's hard to get a decent profit target, see what happens at 7330. {image}
Honestly though I wouldn't be surprised to see 7350 today, with that many consecutive up bars you know the herd is shorting this like crazy which means there is a very good chance price is going to squeeze them!
Have a good weekend.
- #33,457
- Sep 2, 2020 2:55pm Sep 2, 2020 2:55pm
- Joined Jan 2015 | Status: Trader | 1,459 Posts
{quote} There's 5480. Closing out the trades that are below my current stop loss and holding the rest.. Take a look at the daily chart, yesterday's massive up thrust, time to buy a tombstone for euro. {image}
I'm going to take the next three weeks off from trading, maybe take a trip somewhere.
Just one thing to keep in mind is that September and December are notorious months for seeing extreme overbought or oversold conditions. Be careful about picking tops and bottoms, I was reading a bit on a few other threads and people have spent most of the morning trying to pick the low on EU.
- #33,458
- Sep 17, 2020 4:16pm Sep 17, 2020 4:16pm
{quote} learn everything there is from these 3 1) David Weis, especially the conceptual map in his book Trades about to happen. Study the conceptual map deeply. 2) Gary Dayton 3) Feibel (trading) Once you learnt and studied all the available setups in detail from these guys, locate them on the conceptual map and stick it on your desk, see a small example below purchased and watched everything these 3 offered, personally GD is the better educator, Feibel is better at everything else. And the most important of all, structures and drawing them properly...
"Feibel is better at everything else" - no, he is not.
Feibel is just a copycat, course seller. He sells free knowledge in an expensive packaging, labeled as "exclusive".
You are better off sticking to the source: Master the Markets book, it is all there, it is from where Feibel copied everything, the rest he copied from Dr. Gary Dayton, blatantly. That is what those course/system sellers do, they just copy everything from someone else and give it a different name, change some parameters here and there, not much, and call it "THEIR method"
I donīt know how Dr. Gary is not suing him for copyrights. He even carbon copied Dr. Garyīs Deep Practice sessions, he calls is "Effective Habitual Practice" LOL
Anyways, donīt waste your money on this, stick to the original stuff.
- #33,459
- Edited 7:48am Sep 18, 2020 7:23am | Edited 7:48am
- Joined Jan 2015 | Status: Trader | 1,459 Posts
One of the things we know from the past couple of months is that price goes into an aggressive trend within the next couple of days after FOMC Wednesday. So it was an easy bet that Thursday or Friday was going to make a big move.
I started out today bullish on AJ, Bar A is almost always a bullish bar, we have a down move behind us, then the previous bar from Bar A is a widespread down bar, which Bar A being an up thrust like bar in the wrong place.
At the start of today I marked off the FOMC trigger number and then I started going long on the Bar B which is a test into the trigger number. After a couple of hours I had 7 buy positions and I didn't think much of the No Demand bar at Bar C.
The next bar after C got me very worried, it was a down bar that closed well below the low of Bar C, even though I was bullish on AJ I couldn't ignore the down bar after Bar C so I closed all of my longs and started shorting pretty slowly. I only carried 1 short for a few hours, but as price started breaking through the test a couple of bars after Bar C I started shorting like crazy.
I'm starting to think that VSA is Forexfactory's best kept secret, since no one is talking about it.
I started out today bullish on AJ, Bar A is almost always a bullish bar, we have a down move behind us, then the previous bar from Bar A is a widespread down bar, which Bar A being an up thrust like bar in the wrong place.
At the start of today I marked off the FOMC trigger number and then I started going long on the Bar B which is a test into the trigger number. After a couple of hours I had 7 buy positions and I didn't think much of the No Demand bar at Bar C.
The next bar after C got me very worried, it was a down bar that closed well below the low of Bar C, even though I was bullish on AJ I couldn't ignore the down bar after Bar C so I closed all of my longs and started shorting pretty slowly. I only carried 1 short for a few hours, but as price started breaking through the test a couple of bars after Bar C I started shorting like crazy.
I'm starting to think that VSA is Forexfactory's best kept secret, since no one is talking about it.
- #33,460
- Sep 20, 2020 8:38pm Sep 20, 2020 8:38pm
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
I'm starting to think that VSA is Forexfactory's best kept secret, since no one is talking about it.
Without VSA, you're playing checkers while the Smart Money plays chess.