despite the mad volume we can still take out the low so i had to bank that
Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow
- #462
- Edited 5:56am Jan 31, 2023 5:40am | Edited 5:56am
- Joined Sep 2009 | Status: Trader | 6,009 Posts
- #464
- Jan 31, 2023 6:23am Jan 31, 2023 6:23am
- Joined Aug 2010 | Status: absolute beginner | 5,464 Posts
trading is like dancing, don't think and just listen to the music!
- #467
- Jan 31, 2023 7:34am Jan 31, 2023 7:34am
- Joined Sep 2009 | Status: Trader | 6,009 Posts
{quote}Yes, below NY low i'm looking to buy. hopefully DXY does one last gasp of air
good luck with the rate announcements
- #468
- Jan 31, 2023 7:36am Jan 31, 2023 7:36am
- Joined Aug 2010 | Status: absolute beginner | 5,464 Posts
{quote} alright enough today good luck with the rate announcements
trading is like dancing, don't think and just listen to the music!
- #470
- Jan 31, 2023 10:42pm Jan 31, 2023 10:42pm
- Joined Sep 2009 | Status: Trader | 6,009 Posts
Is anyone going to try and keep this thread going? If I am right I see this going up to 1.23380 before dropping to at least 1.22850. Sure would have liked to practice with Mysterio more! {image}
)I'll hop on every now and again
Yeah you're on the right track there, but, you want to wait for a break above and then receive confirmation
Your trading level is either the imbalance from that drop or the untested supply
By the way, that chart is great. Good stuff Dantpm. Please let me know how you get on.
Here's the thing any trader anywhere will have to grasp. Whichever trading method you choose--just pick one that makes sense to you and practice the hell out of it! What I see is a lot of traders fall into the 'random technical analysis trap', apply lots of lines and indicators to their chart, and just start looking for anything that looks for a trade.
This is a surefire way to lose money
I call this way 'discretionary/systematic'. So, you have some systematic way of looking for trades with a ruleset, but you're also using your discretion to scale in and out and filter out the best opportunities
- #473
- Jan 31, 2023 10:53pm Jan 31, 2023 10:53pm
- Joined Aug 2022 | Status: Trader | 4,859 Posts
Oh and today is FOMC. What i'll do today is just place couple of alerts and only take maybe one trade if I perceive it to be 'A grade' Like yesterday's first short was B/C grade I came up with a spreadsheet to give setups a 'score' based on various factors If you want me to share this I can but it's not really been road tested Basically I found is although it probably has some merit as an idea in the heat of the moment it just never gets used.
- #474
- Jan 31, 2023 11:22pm Jan 31, 2023 11:22pm
- Joined Sep 2009 | Status: Trader | 6,009 Posts
{quote} Happy to test it
I don't want to share it publicly just because it's basically a prototype
