Time and Price Forecasting

All of this reminds me on myself...when I first started trading I was all over the friggin map, I truly wish someone had stopped me in my tracks, sat me down and said take one step at a time.....a real good step like finding one really profitable trade on one time zone, instead of trying to trade 10 instruments under 5 different time slots. Soon I was loosing money and hated the fact I even attempted trading. I distinctly remember having a 5 lot Cable trade on, short and got tied up with other trades, forgot to put in a stop because I was trying to get rich trading GJ, only to go back to Cable and took a 7000.00 loss by the end of the day......even when it was down 5000 I was frozen and turned it into a wish trade...wish it was going to return to my entry, which it did not.....needless to say there was not much sleep that night...... Went to bed totally defeated....good thing I had a good paying job or I would have been crushed.

but, I did make 500.00 on GJ....looooooloooooool

Swede
If we are all honest I think most of us started like that and yes I have the same badge as you curtesy of my Broker and there Option Strategy so as I have said once before
Been there
Seen it
Got the tee shirt

Goodnight mate, stay safe
Dave
ps
Must just add, Parisboy was my savior but after admit he his way above my paygrade

pps just seen your Gj trade ha , that's one tee shirt I have not got

Re installed Mt4

My idea of the GU
Daily
4 Hour
60min
5min

so this is a clear example of the things i love about this place

see people say i should go other places but i identified to stay 3 places because i have a template for smart people

- trades called ahead of time
- profitable trades called ahead of time
- is the person kind enough to take time to answear questions after identifying they are a smart person that you should listen to

... why you will always see mostly reside hear between 3 three rooms (so yeh im little premature being hear but there is method in my madness )

so great instincts sweede market unravelled as expected

from my chart and observations just getting my toesies abit wet as you said ive watched the market abit today id like to of watched it alot more but these are my observations

- we had the big number and a really clean rejection from nice to observe -black box-
- we had a vtl break ( that is if i am drawing correctly i fashioned a few what i believe are vtls as I've interpreted alain describing them ) well we have had a few in fairness ...

- to me there was abit of confluence proberly not to the high standard of sweedes confluences which ill strive to0- but confluence to me if im drawing vtl's proberly this is all based on and its a big IF! had confluence vtl bounce with the navy blue trend line (if drawn correct that is the highest envelopes extreme points) so im assuming thats a big trend line in my humble caterpillar mind

- we had a white vtl break that also got a retest - bit of questionable confluence from my side as i see it as a retest on the broken vtl coloured WHITE and i chose to extrapolate into the future the lowest envelopes top band. located by pink tadpole which is where i draw my perhaps knoob conclusion of confluence

trades took a late short at 1.39269 and got out at 1.39229 inreflection should of held it bit longer

i took a long after the bounce of the blue vtl fhat had abit of confluence ( also a time component provailing trend was down in my limited watching of currency i have noticed 10 am london time - uk morning 15 to 30 min tea break- which i could of done better in terms of risk reward and my timings on entry at 1.39197 i closed 90% at 1.39260 because i felt it rational with the extrapolated top band also noting the tension of the lower envolpe being nice and tight i brought remaining positions stop to pritty much break even and looked to target the half number which i got kicked out of

i then took another short at 1.3299 with my stop on its high relatively tight chickend majority at 1.39207 left 0.10 leaving the objective for that at the weeks pivot
- on the topic of the pivot i know this is perhaps like asking you to your little dinky ... but i notice in your pivot setting that you alter them might i ask why and the thought process in doing so ect ect if its something you keep to your self just found it intresting that you altered it and wether you have to alter it periodically and what have you

on a whole alright day call it beginners luck could of been done alot better but the caterpillar is looking forward to applying him self and learning

i also note from daves chart that he is paying attention to the slope which is cool the slope confluence was nice indication today also

thanks for your time and help EVERY ONE

You might need your specs on for this one ?

It is The Kitchen Sink
Decent 126 pip Range

Or even ?

Decent range today

i kept short see the exstrapolated envelope retest wanted the pivot break myself first sell i ripped majority out just under the pivot and left a runner set to what i interpret as measured move

GBPUSD 1 mn

GBPUSD 5 mn

measured moved worked nice with your adr theory

monsieur si vous en avez envie ...

.... cours accéléré rapide sur la façon dont vous fabriquez ces fourches, je comprends que je dois aussi lire dans les pensées



sir if you feel like it ....

....quick crash course in how your making these forks i understand i need to read too mind

GBPUSD 5 mn

Focal Points

knoob question from caterpillar

what is terminology top of the hour ?

GBPUSD 5 mn

Focal Points without Price on the Chart