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  • #4,381
  • Mar 22, 2021 8:23am Mar 22, 2021 8:23am
hi all! interesting session on pound...want to take partial in last trade, but its so ranging)) and NY is near, so decide to take all
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  • #4,382
  • Mar 22, 2021 4:14pm Mar 22, 2021 4:14pm
2 EU trades. Sorry for the quick and dirty mark up. Hope everyone has a great week. I will be unable to trade for a bit

1st trade was a bit more risky since we were close to 50 on RSI and the M1 RSI i think was just above 50. Also note the higher highs. However the 3 hits with divergence seen on M5 gave a pretty good indication of a pending short just keeping an eye on the support area drawn a week or two ago on the D1. Price below 200 SMA on M15 and ip time frames and we were right on the edge of the M5 and M1. Setup was based on the M15 and M5 but trade executed on M1

2nd trade was based on the M5 first pull back to the 55. Entered on the 1-2 punch of the M1 chart right off the M5 200 SMA. This was a set and forget trade. TP was from the resistance area drawn last week


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  • #4,383
  • Mar 23, 2021 3:51am Mar 23, 2021 3:51am
morning trade gu. poor markets btw.
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  • #4,384
  • Mar 23, 2021 4:57am Mar 23, 2021 4:57am
wti
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  • #4,385
  • Mar 24, 2021 2:37am Mar 24, 2021 2:37am
pound again +19
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  • #4,386
  • Mar 24, 2021 10:00am Mar 24, 2021 10:00am
Another dead thread.
Markets will move to the right.
  • #4,387
  • Mar 25, 2021 2:12pm Mar 25, 2021 2:12pm
Quoting FraterRedox
Another dead thread.
Sometimes everything has been said already
  • #4,388
  • Mar 26, 2021 2:44am Mar 26, 2021 2:44am
Scalp. Took some at 10 pips, letting it run.

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  • #4,389
  • Mar 26, 2021 4:40am Mar 26, 2021 4:40am
Quoting needtolearn
Scalp. Took some at 10 pips, letting it run. {image}
just the same idea of the trade. simply buy bias,but enter was on the pullback to the 8emas channel. close all around 20pips(avarage momentum on the currencies).
also on screen there is the only one trade of yesterday. on sale bias i had saw the reversal pattern and took it(buy) but couldnt sit in the trade so close it before the momentum run. shit happenes.
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  • #4,390
  • Mar 26, 2021 9:49am Mar 26, 2021 9:49am
Good morning Laura, I just wanted to thank you once again for the teachings you have given us in this thread, thanks to which my trading has totally changed. In a post (4173) of December 29, 2020, you commented that you had incorporated the basic concepts of Wyckoff and your own interpretation of the volume and I am currently observing the indicator vwap and the PVO (percentage volume oscillator) in order to fine-tune a little more possible operations. Could you give us some teaching on this? or some clue on how to use the volume. Thank you very much for everything again.
  • #4,391
  • Mar 29, 2021 2:20am Mar 29, 2021 2:20am
hi all!
morning scalp GU. didnt saw strict bias of the market, so scalp on m1.
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  • #4,392
  • Mar 30, 2021 3:33am Mar 30, 2021 3:33am
wow, what a great thread, I am up to page 110, truly monumental, thank you Laura.

I just have a question, that I haven't seen mentioned, yet, is there a bias in direction to price depending on where it is sitting in relation to the open, or is the overall structure /trendlines more important, ? just curious

thanks
  • #4,393
  • Mar 30, 2021 4:39am Mar 30, 2021 4:39am
Quoting asset21
wow, what a great thread, I am up to page 110, truly monumental, thank you Laura. I just have a question, that I haven't seen mentioned, yet, is there a bias in direction to price depending on where it is sitting in relation to the open, or is the overall structure /trendlines more important, ? just curious thanks
Hi,

The overall structure is the most important thing. Price in relation to daily open much less so.
  • #4,394
  • Mar 30, 2021 4:40am Mar 30, 2021 4:40am
Quoting cjr30
Good morning Laura, I just wanted to thank you once again for the teachings you have given us in this thread, thanks to which my trading has totally changed. In a post (4173) of December 29, 2020, you commented that you had incorporated the basic concepts of Wyckoff and your own interpretation of the volume and I am currently observing the indicator vwap and the PVO (percentage volume oscillator) in order to fine-tune a little more possible operations. Could you give us some teaching on this? or some clue on how to use the volume. Thank you very...
Hi,

Volume is such a big subject that it probably needs a lengthy post all of its own. When I get a bit of time I will write a new Journal post on it.
  • #4,395
  • Mar 30, 2021 5:43am Mar 30, 2021 5:43am
some morning scalp trades
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  • #4,396
  • Mar 30, 2021 6:25am Mar 30, 2021 6:25am
Hello Laura,
Glad to see that the thread is still active. I have been away since December due to health issues. Fair to say it's been a crazy few months. Anyway, glad to be back doing what i love.

In the chart below, in a continuation/double channel failure setup, which of the short entry points is best- entry A which was done after a bar close below channel after a few closes above or entry B, a case of wait for retracement inside the channel? or both?
Thanks

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  • #4,397
  • Mar 30, 2021 7:22am Mar 30, 2021 7:22am
Quoting RachelB
Hello Laura, Glad to see that the thread is still active. I have been away since December due to health issues. Fair to say it's been a crazy few months. Anyway, glad to be back doing what i love. In the chart below, in a continuation/double channel failure setup, which of the short entry points is best- entry A which was done after a bar close below channel after a few closes above or entry B, a case of wait for retracement inside the channel? or both? Thanks {image}
Hi,

Welcome back - hope you are in a better place healthwise now.

It's a matter of personal preference when it comes to which entry type is 'best'. Both are valid. If you wait until price closes below the channel to get in short, you have the added benefit of momentum at your back. If you choose to enter when price is inside the channel, you usually get in at a relatively better price but with slightly more chance of price reversing on you quickly.
  • #4,398
  • Mar 30, 2021 9:19am Mar 30, 2021 9:19am
Quoting LauraT
{quote} Hi, Welcome back - hope you are in a better place healthwise now. It's a matter of personal preference when it comes to which entry type is 'best'. Both are valid. If you wait until price closes below the channel to get in short, you have the added benefit of momentum at your back. If you choose to enter when price is inside the channel, you usually get in at a relatively better price but with slightly more chance of price reversing on you quickly.

Thanks for your guidance Laura. I am in a better place and pray it stays that way .
In the chart below, was i too hasty to enter short at arrow? Would this constitute "anticipation of a channel break"? Price had been stopped by previous day high (not shown here but indicated by black line) and had crossed the 55 ema.
Thanks.
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  • #4,399
  • Mar 30, 2021 9:37am Mar 30, 2021 9:37am
Quoting RachelB
{quote} Thanks for your guidance Laura. I am in a better place and pray it stays that way . In the chart below, was i too hasty to enter short at arrow? Would this constitute "anticipation of a channel break"? Price had been stopped by previous day high (not shown here but indicated by black line) and had crossed the 55 ema. Thanks.{image}

My take on your chart: PA is above the 200MA and the last candle is still moving up (close higher than open / momentum...), so I reckon this would not be the best of moments to short this pair. I'm curious how Laura will evaluate your question...
If I code, I can't trade...
  • #4,400
  • Mar 30, 2021 9:46am Mar 30, 2021 9:46am
Quoting Cognoscio
{quote} My take on your chart: PA is above the 200MA and the last candle is still moving up (close higher than open / momentum...), so I reckon this would not be the best of moments to short this pair. I'm curious how Laura will evaluate your question...
Indeed it wasn't as price went back up to retest daily hi and bounced off it again. I'll wait for a clear break i.e when both green lines cross over.

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