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  • #3,241
  • Aug 16, 2021 8:10am Aug 16, 2021 8:10am
Quoting scherzi
{quote} Thank you Rick for the heads-up. I am waiting for an long entry on m5 now since I exahusted m1. Let's see if I can also get a piece of the cake today
Its still strongly Bullish delta, I have been trading with volume with a bias in the same direction - Long.
Taken about six different longs, all brief trades but the profits tick over like money in the till.


Cheers
Trading thin liquidity at the boundary of the charts
  • #3,242
  • Aug 16, 2021 8:22am Aug 16, 2021 8:22am
Quoting kette
{quote} euro is not my strength buying from the daily low makes sense {image} {image}
Hi Kette

Totally a good approach and if we add some Volume data to hold us out till the Delta flips - we get a lot less draw down.

Saying that, you took a great trade

Enjoy your profits
Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #3,243
  • Aug 16, 2021 8:25am Aug 16, 2021 8:25am
Quoting RickM
{quote} Hi Kette Totally a good approach and if we add some Volume data to hold us out till the Delta flips - we get a lot less draw down. Saying that, you took a great trade Enjoy your profits Cheers Rick


You have described it very well again
Delta is on the buyer's side
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  • #3,244
  • Aug 16, 2021 8:43am Aug 16, 2021 8:43am
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"Exchange of hands"
  • #3,245
  • Aug 16, 2021 9:22am Aug 16, 2021 9:22am
Quoting kette
{quote} You have described it very well again Delta is on the buyer's side {image}
Hold till NY close see what happens.

Quoting bilal1947
{image}
If I say trust A make no sense since you already set stop loss to be. The question is whether you trust B disappearing ?

Again hold till NY close, you will know the answer.
Know what you trade
  • #3,246
  • Aug 16, 2021 9:26am Aug 16, 2021 9:26am
Quoting BWilliam
{quote} Hold till NY close see what happens.

no
  • #3,247
  • Aug 16, 2021 9:33am Aug 16, 2021 9:33am
Quoting RickM
{quote} Its still strongly Bullish delta, I have been trading with volume with a bias in the same direction - Long. Taken about six different longs, all brief trades but the profits tick over like money in the till. Cheers
Is that IB's interface or Dukascopy or anyhting like that you are using?

I've seen you were checking volume of future contracts.

I am just setting fixed anchor points on higher timeframes. Then I just go down to m1 and m5 and see how the pricing systems hold these levels and trying to swing trade. There are quite a lot of price configurations to generate the swings, so it is just a matter of time that one starts to identify one and then it is just a question of patience. The story behind is the same, interpretating when a market runs out of liquidity from one side.

Then, the reason of choosing m1 and higher is that the lower the tf the greater the number of opportunities given by period of time. M1 is somehow tradable but still very expensive. M5 starts to be affordable.
  • #3,248
  • Aug 16, 2021 9:35am Aug 16, 2021 9:35am
Quoting bilal1947
{image}
The pinbar means little I think. It seems descending in terms of repricing. But your price structure has not been still been completely reversed from ascending to descending yet.

Ideally you should consider taking partial profits, because the setup will probably be already extended beyond 1:1.

And then let it run down or collapse if it goes up.
  • #3,249
  • Aug 16, 2021 9:48am Aug 16, 2021 9:48am
Quoting BWilliam
{quote} Hold till NY close see what happens. {quote} If I say trust A make no sense since you already set stop loss to be. The question is whether you trust B disappearing ? Again hold till NY close, you will know the answer.
In the time before NY close, I would have taken another 10 trades, closed for profits and shut up shop for the night.

Then I would read a good book, watch a film but anything other than chart watching.

Everyone is finished now as well except Zoltan who is considering a final Gold trade.

Goodnight everyone.
Trading thin liquidity at the boundary of the charts
  • #3,250
  • Aug 16, 2021 9:52am Aug 16, 2021 9:52am
Quoting RickM
{quote} In the time before NY close, I would have taken another 10 trades, closed for profits and shut up shop for the night. Then I would read a good book, watch a film but anything other than chart watching. Everyone is finished now as well except Zoltan who is considering a final Gold trade. Goodnight everyone.
I am replying from the phone. Shut my computer before NY open done for the day, don't know what's happening.

Since you wrote strongly bullish delta, so kette hold till NY close make sense, no?

Kette wrote no so must have closed his trade, who knows.
Know what you trade
  • #3,251
  • Aug 16, 2021 10:05am Aug 16, 2021 10:05am
Quoting BWilliam
{quote} I am replying from the phone. Shut my computer before NY open done for the day, don't know what's happening. Since you wrote strongly bullish delta, so kette hold till NY close make sense, no? Kette wrote no so must have closed his trade, who knows.
there are areas where trade must be closed down
For me
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  • #3,252
  • Aug 16, 2021 10:48am Aug 16, 2021 10:48am
Quoting RickM
{quote} Hi Scherzi EURUSD Looking at my chart, I took a trade a bit later when the Delta had flipped and price was turning bullish. I took three trades at the bottom for a rise in equity of 0.06%. Please note Futures EU6U21 (EURUSD) is a few pips out of sync in a whole couple of months, something we can work with. VOLUME is saying go long and hard Cheers {image}

positives Delta
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  • #3,253
  • Aug 16, 2021 11:52am Aug 16, 2021 11:52am
Mt4 volume data.
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Know what you trade
  • #3,254
  • Aug 16, 2021 12:05pm Aug 16, 2021 12:05pm
Quoting Koop
{quote} Here's another one 50 Lots already in profits right? {image} maybe not? {image}
wow, amazing
who dares wins
mashFX DSRII Return This Year: na
  • #3,255
  • Aug 16, 2021 12:32pm Aug 16, 2021 12:32pm
Quoting Koop
{quote} Here's another one 50 Lots already in profits right? {image} maybe not? {image}
What is that Koop?

Is it like a fake order indi or something?
  • #3,256
  • Aug 16, 2021 12:38pm Aug 16, 2021 12:38pm
Quoting Wags
{quote} What is that Koop? Is it like a fake order indi or something?
Koop trades a 6 digit account.
Know what you trade
  • #3,257
  • Aug 16, 2021 12:46pm Aug 16, 2021 12:46pm
Quoting Koop
{quote} Here's another one 50 Lots already in profits right? {image} maybe not? {image}
It's not really safe to show your account on Internet/forums unless it's a demo account.
  • #3,258
  • Aug 16, 2021 12:53pm Aug 16, 2021 12:53pm
Bears in action
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  • #3,259
  • Aug 16, 2021 12:56pm Aug 16, 2021 12:56pm
Quoting Wags
{quote} What is that Koop? Is it like a fake order indi or something?
Lol just a little photo editing. Offering my services to any Fake gurus out there.



P.S ; Moderators, calm your tits!! I'm joking. Don't make me commercial.
  • #3,260
  • Aug 16, 2021 1:00pm Aug 16, 2021 1:00pm
Quoting Merka
{quote} It's not really safe to show your account on Internet/forums unless it's a demo account.
I've always heard that and seen people blur/shade out their account numbers but i don't understand what could possibly happen.
Anyways, that account is just for running tests these days.... balance transferred long ago.
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