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THE only Pattern

  • #9,121
  • Sep 17, 2021 2:30am Sep 17, 2021 2:30am
Quoting birdland
i am looking to short GU around 1.3810 today
if you are already short, i think better to put BE.
reason is it broke asia high, now on retrace.
could target previous london/new york high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #9,122
  • Sep 17, 2021 2:47am Sep 17, 2021 2:47am
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #9,123
  • Sep 17, 2021 3:14am Sep 17, 2021 3:14am
Quoting Inthebox
{quote} if you are already short, i think better to put BE. reason is it broke asia high, now on retrace. could target previous london/new york high.
yes, you are right, have already done that.
trading is like dancing, don't think and just listen to the music!
  • #9,124
  • Sep 17, 2021 3:18am Sep 17, 2021 3:18am
Quoting Inthebox
{quote} from what i observe the days of having over 100 pips are far and few. the average move for tp is roughly about 25 pips, plus or minus 10 pips. consider fortunate if one can get 50, 60 pips.
The oppurtunity (fx) now is tigher stops and bigger size with smallers targets. Just how we need to adapt, I am fortunate I have gold/oil/dax on my list too so I still have some ADR on those.
It's in fear when people show what they truly value.
  • #9,125
  • Sep 17, 2021 3:24am Sep 17, 2021 3:24am
ding dong between asia low and previous london low
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #9,126
  • Sep 17, 2021 3:32am Sep 17, 2021 3:32am
Quoting ensale
{quote} The oppurtunity (fx) now is tigher stops and bigger size with smallers targets. Just how we need to adapt, I am fortunate I have gold/oil/dax on my list too so I still have some ADR on those.
my own adaptation now is trading in percentage form, not worrying about pips.
putting TP as 1, 2 ........% of equity.
now and then there will be some left over to catch the trend.
ITB - Seeing Orderliness amongst 'Randomness'
  • #9,127
  • Sep 17, 2021 3:53am Sep 17, 2021 3:53am
Quoting Inthebox
{quote} my own adaptation now is trading in percentage form, not worrying about pips. putting TP as 1, 2 ........% of equity. now and then there will be some left over to catch the trend.
interesting your view.

i try (optimally) to split my positions in 3 parts.

first TP is between 3-5 pips (it gives me confidence and a bit in the pocket)
second TP 1:2 risk/reward
third TP a runner, the next important level.

and after every level of TP is reached i adjust my stops.
trading is like dancing, don't think and just listen to the music!
  • #9,128
  • Sep 17, 2021 4:04am Sep 17, 2021 4:04am
Quoting birdland
{quote} interesting your view. i try (optimally) to split my positions in 3 parts. first TP is between 3-5 pips (it gives me confidence and a bit in the pocket) second TP 1:2 risk/reward third TP a runner, the next important level. and after every level of TP is reached i adjust my stops.
the reason for me is trying to have some consistency by using percentage as some kind of measurement.
for example, it is not practical to get 1% on a daily basis as one can lose in some day, some week.
probably less stressful to get 5% per week or 20% per month on averaging basis.
of course, that will be ideal.
ITB - Seeing Orderliness amongst 'Randomness'
  • #9,129
  • Sep 17, 2021 4:11am Sep 17, 2021 4:11am
Quoting Inthebox
{quote} the reason for me is trying to have some consistency by using percentage as some kind of measurement. for example, it is not practical to get 1% on a daily basis as one can lose in some day, some week. probably less stressful to get 5% per week or 20% per month on averaging basis. of course, that will be ideal.
yes, the belief that i can win every day has cost me a lot of money. it is an unrealistic benchmark-for me.

I concentrate also more on the weekly results, and the percentage data is more important to me than the pips.
trading is like dancing, don't think and just listen to the music!
  • #9,130
  • Sep 17, 2021 5:35am Sep 17, 2021 5:35am
long.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #9,131
  • Sep 17, 2021 7:17am Sep 17, 2021 7:17am
Quoting Inthebox
long. {image}
interesting, i see it the other way round. but thats my motto;-) we all know nothing, only our risk.
trading is like dancing, don't think and just listen to the music!
  • #9,132
  • Sep 17, 2021 7:36am Sep 17, 2021 7:36am
Quoting birdland
{quote} interesting, i see it the other way round. but thats my motto;-) we all know nothing, only our risk.
my bias is long at appropriate location.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #9,133
  • Sep 17, 2021 8:09am Sep 17, 2021 8:09am
Quoting Inthebox
{quote} my bias is long at appropriate location. {image}
ah ok, so you look also at the daily chart.

i really try to stay only with H1 and m1.
trading is like dancing, don't think and just listen to the music!
  • #9,134
  • Sep 17, 2021 10:07am Sep 17, 2021 10:07am
GU shorts most of them closed, 20% are running for the next critical low from 8.sept
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trading is like dancing, don't think and just listen to the music!
  • #9,135
  • Sep 20, 2021 4:39am Sep 20, 2021 4:39am
waiting game...
trading is like dancing, don't think and just listen to the music!
  • #9,136
  • Sep 20, 2021 10:21am Sep 20, 2021 10:21am
first and second position closed, third running overnight
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trading is like dancing, don't think and just listen to the music!
  • #9,137
  • Sep 23, 2021 2:53am Sep 23, 2021 2:53am
difficult days trading GU, nothing seems to work;-)
trading is like dancing, don't think and just listen to the music!
  • #9,138
  • Sep 28, 2021 2:00am Sep 28, 2021 2:00am
trade from yesterday closed with +29
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trading is like dancing, don't think and just listen to the music!
  • #9,139
  • Sep 28, 2021 6:00am Sep 28, 2021 6:00am
Let see if we can get test off PWL-previous week low and down on (h1)
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GBPUSD, getting interesting again. OP Short setup on m5 on the level would suffice.
It's in fear when people show what they truly value.
  • #9,140
  • Sep 28, 2021 7:31am Sep 28, 2021 7:31am
Quoting ensale
Let see if we can get test off PWL-previous week low and down on (h1){image} GBPUSD, getting interesting again. OP Short setup on m5 on the level would suffice.
Played out 40 pip move.
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Truth is I did not catch it. set alerts left for a short break and missed trigger.
It's in fear when people show what they truly value.
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