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Rub's accountability

  • #81
  • Dec 9, 2020 3:38am Dec 9, 2020 3:38am
GBPCAD 5 min trading 9-Dec-2020

Red line is London open, etc. etc.

1. close back above resistance after testing the SS and support. Looking toward 1.7200 as a target, but I'll watch price.
Don't like it formed a doji right after, I'd like to see momentum. The hourly candle is a solid up bar though.

2. taken out at break even + a little by the big down move.

Calling it a night, I don't think it's worth staying up for longer.

EDIT: Looks like it's taking off a few minutes after posting this. Oh well that down bar took me out anyway.
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  • #82
  • Dec 9, 2020 3:59am Dec 9, 2020 3:59am
Quoting Rub
GBPCAD 5 min trading 9-Dec-2020 Red line is London open, etc. etc. 1. close back above resistance after testing the SS and support. Looking toward 1.7200 as a target, but I'll watch price. Don't like it formed a doji right after, I'd like to see momentum. The hourly candle is a solid up bar though. 2. taken out at break even + a little by the big down move. Calling it a night, I don't think it's worth staying up for longer. EDIT: Looks like it's taking off a few minutes after posting this. Oh well that down bar took me out anyway. {image} {image}...
Hi rub

you can start loading up as London opens in this case, since London picks up the short term trend.
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As Europe is waking up it is trending already. you can see similar PA on all GBP pairs

by the way have faith on the shadow supporting the trend (until it doesnt )
  • #83
  • Dec 9, 2020 7:30am Dec 9, 2020 7:30am
Quoting bistolis
{quote} Hi rub you can start loading up as London opens in this case, since London picks up the short term trend. {image} As Europe is waking up it is trending already. you can see similar PA on all GBP pairs by the way have faith on the shadow supporting the trend (until it doesnt )
classic fake move after open

Perfect! )

MH
  • #84
  • Edited 3:45pm Dec 11, 2020 1:54am | Edited 3:45pm
Quoting bistolis
{quote} Hi rub you can start loading up as London opens in this case, since London picks up the short term trend. {image} As Europe is waking up it is trending already. you can see similar PA on all GBP pairs by the way have faith on the shadow supporting the trend (until it doesnt )
Looking at that, is it more or less Frankfurt drives it the opposite to the trend to take the stops, then London continues it? I've been quite cautious because I don't quite get it, so I wait until the shadow changes color and there's a pullback.

EDIT: And I've moved the NZDJPY to BE for the record. I was trying to choose between that and AUDJPY when I entered, turns out AUD has monstered it. Oh well, take the breaks I've been given. Also moved the stop up for EURUSD to below the last low on the 4 hour chart.
  • #85
  • Dec 11, 2020 6:01am Dec 11, 2020 6:01am
Take a look at this beauty right here. the colored area is the WCC
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  • #86
  • Dec 11, 2020 12:12pm Dec 11, 2020 12:12pm
Hi Bistolis. Curious about the platform. Is that Oanda Trade View ? How did you get the Strat shadow on it ?
  • #87
  • Dec 11, 2020 1:31pm Dec 11, 2020 1:31pm
Stopped out at BE on NZDJPY
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  • #88
  • Dec 11, 2020 1:36pm Dec 11, 2020 1:36pm
Quoting Lou
Hi Bistolis. Curious about the platform. Is that Oanda Trade View ? How did you get the Strat shadow on it ?
it is just tradingview
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  • #89
  • Dec 14, 2020 3:29am Dec 14, 2020 3:29am
EURJPY 5min trading 14-dec-2020

Red line is London open etc.

1. Entry, targeting top of the range about 126.50 used a 15 pip stop. Could have taken the candle before I suppose but it wasn't a nice clean hammer.


2. Stopped out here.Probably should've close when it was trapped in between the moving averages.

Probably should not have jumped in on that. Although I don't see anything wrong with it. Wasn't trading into resistance as is my usual fault. I'd normally watch a while longer but I think it's best to stop there.
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  • #90
  • Dec 14, 2020 4:37am Dec 14, 2020 4:37am
Quoting Rub
EURJPY 5min trading 14-dec-2020 Red line is London open etc. 1. Entry, targeting top of the range about 126.50 used a 15 pip stop. Could have taken the candle before I suppose but it wasn't a nice clean hammer. 2. Stopped out here.Probably should've close when it was trapped in between the moving averages. Probably should not have jumped in on that. Although I don't see anything wrong with it. Wasn't trading into resistance as is my usual fault. I'd normally watch a while longer but I think it's best to stop there. {image}
Oh at first I thought you actually went short. imprint the whole structure in your brain
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you will see this alot of times
and here is your entry
Attached Image


and by the way, the range on such pairs is pretty small. you want GBP for london open, since GBPXXX has the biggest range of them all on average
  • #91
  • Dec 14, 2020 10:53pm Dec 14, 2020 10:53pm
Quoting bistolis
{quote} Oh at first I thought you actually went short. imprint the whole structure in your brain {image}you will see this alot of times and here is your entry {image} and by the way, the range on such pairs is pretty small. you want GBP for london open, since GBPXXX has the biggest range of them all on average
I'm sorry but I don't understand what you mean by the structure. Is it what I was saying in my last post to you about EUR open will move it to take the stops then the London open will make the real move?

For the 5 minute trading I have a profile set up with the 9 pairs strat had as the most volatile, EURJPY was the only one I was comfortable was moving yesterday.
  • #92
  • Dec 15, 2020 2:56am Dec 15, 2020 2:56am
Quoting Rub
{quote} I'm sorry but I don't understand what you mean by the structure. Is it what I was saying in my last post to you about EUR open will move it to take the stops then the London open will make the real move? For the 5 minute trading I have a profile set up with the 9 pairs strat had as the most volatile, EURJPY was the only one I was comfortable was moving yesterday.
To be honest I never think of why things happen. All this stop-hunting etc. and similar "market analysis" , does it help you take responsibilty for your decisions?
If "someone else" is taking out stops , then is it your fault that your stops got hit?

look at how price moves, how it starts trending , how it stops trending and how it retraces on each move. how the lower timeframe moves look on higher time frames.
that sharp move up and sharp move down is not how a trend usually starts.
  • #93
  • Dec 15, 2020 3:05am Dec 15, 2020 3:05am
this is GBPUSD at the start of europe sessions
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and then 5mins after London
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Look how the shadow widens up and keeps following price

notice the end of the whole move up
does something look familiar to you now ?
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what do you expect will happen after my last arrow?
do you feel comfortable buying there ?

Is this a stop hunt on the H1? My answer is : why should I care?
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  • #94
  • Dec 15, 2020 3:13am Dec 15, 2020 3:13am
Quoting Rub
{quote} I'm sorry but I don't understand what you mean by the structure. Is it what I was saying in my last post to you about EUR open will move it to take the stops then the London open will make the real move? For the 5 minute trading I have a profile set up with the 9 pairs strat had as the most volatile, EURJPY was the only one I was comfortable was moving yesterday.
The structure is always the candles and how they form clusters of candles, how the whole bunch of them looks ,on higher timeframes and lower timeframes
  • #95
  • Dec 15, 2020 3:40am Dec 15, 2020 3:40am
Quoting bistolis
{quote} The structure is always the candles and how they form clusters of candles, how the whole bunch of them looks ,on higher timeframes and lower timeframes

Thanks for the detailed reply. That makes a bit more sense, it's pretty much just ranging over the asian session then, when London kicks in, there should be a tradable trend. I've just to recognize the end of it better!

Quoting bistolis
{quote} To be honest I never think of why things happen. All this stop-hunting etc. and similar "market analysis" , does it help you take responsibilty for your decisions? If "someone else" is taking out stops , then is it your fault that your stops got hit? look at how price moves, how it starts trending , how it stops trending and how it retraces on each move. how the lower timeframe moves look on higher time frames. that sharp move up and sharp move down is not how a trend usually starts.
I hadn't thought of it that way, although I recognize what you're talking about. Ideally it's a initial push up then a slower retrace back to where we jump on board the train and start the ride. Sharp up then sharp move down bad.
  • #96
  • Dec 15, 2020 3:50am Dec 15, 2020 3:50am
EURNZD 5 min trading 15-Dec-2020

Red line is London open. Commentary as I trade as usual.

1. First entry, the straddle and pullback to the shadow changing color didn't look right to me apart from trading directly into the resistance I have marked. Aiming for the next resistance approx 1.7210. 15 pip stop is probably a bit generous.

2. Exited at this candle. Looks like price is stalling at resistance, and it's already moved 80% or so of ADR. Might see if I can enter again on a retracement back to the strat shadow.

Thinking about it, I'm not going to tempt fate. I'll take the trade and run. It's getting late enough I don't think I'll have time to manage another trade and let it play out. Still have to work tomorrow.

EDIT: And shortly after posting this there was a doji that could be an entry, but I'm going to play it smart for a change. Uploaded a later 5 minute chart to show.
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  • #97
  • Dec 15, 2020 4:05am Dec 15, 2020 4:05am
Quoting Rub
EURNZD 5 min trading 15-Dec-2020 Red line is London open. Commentary as I trade as usual. 1. First entry, the straddle and pullback to the shadow changing color didn't look right to me apart from trading directly into the resistance I have marked. Aiming for the next resistance approx 1.7210. 15 pip stop is probably a bit generous. 2. Exited at this candle. Looks like price is stalling at resistance, and it's already moved 80% or so of ADR. Might see if I can enter again on a retracement back to the strat shadow. Thinking about it, I'm not going...
This is a very interesting one. Nice catch. price is moving up on all timeframes

and a much better daily range to give you a chance to grab a piece of the action
  • #98
  • Dec 15, 2020 4:07am Dec 15, 2020 4:07am
AUDNZD 4 hour Long.

Target next resistance ~1.0740, stop a little below the recent consolidation.
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  • #99
  • Dec 15, 2020 4:07am Dec 15, 2020 4:07am
Quoting bistolis
{quote} This is a very interesting one. Nice catch. price is moving up on all timeframes and a much better daily range to give you a chance to grab a piece of the action

Thanks! Maybe it's all starting to sink in finally....
  • #100
  • Dec 15, 2020 5:23am Dec 15, 2020 5:23am
I hope you dont mind me spamming with my charts

After ranging in asia , GBP starts moving lower and then it fails to continue
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M15: every red candle doesnt have a continuation
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