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Cesarnc's market talk, gossips, rumours & fun

  • #52,901
  • Feb 5, 2022 11:17am Feb 5, 2022 11:17am
Quoting chonchy
{quote} ....Always...As soon as you can lock in profits, do it..if it stop you...rinse and repeat...but don't convert a winning trade in a losing one... ....Price have something called memory....it remembers where is being and it goes there again to retest...in the chart below price when to the magenta line before and then it went again... {image}
Does that magenta line represent the average of the market to which price should touch sooner or later, esoecially when the market is in consolidation?

If so, one eye should be always checking for an imbalance in the market. Which means the time (candles) that passed without touching that moving average and when there is an imbalance, no more trades against that average but wait for the balance(touch) first or trade only towards that moving average for the balance. (To be honest this is what my own trading system is all about)

So am I right in my guess about magenta line?

Thanks.
There are no weapons that will form against my financial prosperity.
  • #52,902
  • Feb 5, 2022 7:40pm Feb 5, 2022 7:40pm
Quoting birpinar
{quote} Does that magenta line represent the average of the market to which price should touch sooner or later, especially when the market is in consolidation? If so, one eye should be always checking for an imbalance in the market. Which means the time (candles) that passed without touching that moving average and when there is an imbalance, no more trades against that average but wait for the balance(touch) first or trade only towards that moving average for the balance. (To be honest this is what my own trading system is all about) So am I right...
...The magenta line was there already for no particular reason but I just show you how price comeback sometime to this levels...floors become ceilings and vice versa......but what ever works for you is good...just use it to your advantage...
The Chonchy
  • #52,903
  • Feb 6, 2022 11:57am Feb 6, 2022 11:57am
Quoting chonchy
....Don't be afraid to pull the trigger... just go at it...stop at 20 pips then lock in profits and let it go... {image}
nice to see you on both direction.
very flexible.
have a great week
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,904
  • Feb 6, 2022 9:23pm Feb 6, 2022 9:23pm
Quoting DMA Trader
{quote} nice to see you on both direction. very flexible. have a great week
4 says ago daily was up now is down but 15M wish is the chart I look at for the move is down now so 5m give me confirmation and one the entrance...

Attached Image (click to enlarge)
Click to Enlarge Name: US30Daily.png Size: 40 KB
The Chonchy
  • #52,905
  • Feb 6, 2022 9:29pm Feb 6, 2022 9:29pm
Quoting chonchy
{quote} ...Finaly today we came down DMA stuborn US30 bastard... I just went up again with him since daily still up on my charts.... ...Lock in profits of course... {image}{image}{image}
....Feb 3 we change the move for the down on the large time frames (daily) but 15M goes up and down like a yoyo so I follow him (HFT) sort of like surfing...lol...good luck god speed DMA....
The Chonchy
  • #52,906
  • Feb 6, 2022 9:37pm Feb 6, 2022 9:37pm
...15M still down...5M bounced off the 30P green ema and one minute is going side ways...any higher high and I'm in...
The Chonchy
  • #52,907
  • Feb 6, 2022 9:40pm Feb 6, 2022 9:40pm
I'm in with a stop a bit over the 100 ema red on 5M...
Attached Image (click to enlarge)
Click to Enlarge Name: US30M5.png Size: 36 KB
The Chonchy
  • #52,908
  • Feb 6, 2022 9:59pm Feb 6, 2022 9:59pm
...15M is bouncing off the green ema 30 so I still have a chance to go down but 15M averages had a lot of angle and separation to change the move down to up...so I may hit my stop here...
The Chonchy
  • #52,909
  • Feb 6, 2022 10:02pm Feb 6, 2022 10:02pm
....we already went under the entrance I could have placed a +1 but is too close to price and it hit me and keep going down so I will wait a bit more...
The Chonchy
  • #52,910
  • Feb 6, 2022 10:14pm Feb 6, 2022 10:14pm
...Is reluctant to go down...I has bounced of the ema's a few times and it keep going up...Oh well you can't win them all can you?...
The Chonchy
  • #52,911
  • Feb 6, 2022 10:23pm Feb 6, 2022 10:23pm
....I got stopped out so rinse and repeat...if it want's to go up lets go up with it then...

...In at the cross of the ema's and tite stop...

Attached Image (click to enlarge)
Click to Enlarge Name: US30M1.png Size: 33 KB
The Chonchy
  • #52,912
  • Feb 6, 2022 10:25pm Feb 6, 2022 10:25pm
....move the stop to plus one and now we are in a free trade...let see where it goes now..

Attached Image (click to enlarge)
Click to Enlarge Name: US30M1.png Size: 32 KB
The Chonchy
  • #52,913
  • Feb 6, 2022 11:09pm Feb 6, 2022 11:09pm
....So 15M was in deed down ...crazy shit going on here...it was a slide...strange move for the US30 never saw him move like that...oh well you always learn something new I guess...rinse and rpeat...then
The Chonchy
  • #52,914
  • Feb 6, 2022 11:11pm Feb 6, 2022 11:11pm
...Maybe is best to wait to Frankfurt or London open to see some real power in this thing because now is power but against the move so is no good...
The Chonchy
  • #52,915
  • Feb 6, 2022 11:20pm Feb 6, 2022 11:20pm
....Very flip flop crazy Asia section here birpinar...
The Chonchy
  • #52,916
  • Feb 6, 2022 11:21pm Feb 6, 2022 11:21pm
...Best not to get in.... in this meat grinder sir.
The Chonchy
  • #52,917
  • Feb 6, 2022 11:31pm Feb 6, 2022 11:31pm
....Daily said down but the meat grinder said otherwise....lol

Attached Image (click to enlarge)
Click to Enlarge Name: US30Daily.png Size: 41 KB
The Chonchy
  • #52,918
  • Feb 6, 2022 11:43pm Feb 6, 2022 11:43pm
....I got stopped out and this thing is going down again...what a joke...
The Chonchy
  • #52,919
  • Feb 6, 2022 11:46pm Feb 6, 2022 11:46pm
....I'm trying again a short here...20 pip stop...

Attached Image (click to enlarge)
Click to Enlarge Name: US30M1.png Size: 40 KB
The Chonchy
  • #52,920
  • Feb 6, 2022 11:57pm Feb 6, 2022 11:57pm
stopped out again...too crazy for me...back in Frankfurt or London see if is better there...
The Chonchy
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