PA Trading with EMAs & common Sense
PA Trading with EMAs and common Sense
- #263
- Mar 13, 2023 2:35am Mar 13, 2023 2:35am
- Joined Mar 2017 | Status: Trader | 1,378 Posts
PA Trading with EMAs & common Sense
- #264
- Mar 13, 2023 2:46am Mar 13, 2023 2:46am
- Joined Mar 2017 | Status: Trader | 1,378 Posts
for thehusla
s. Chart
atb vvm
s. Chart
atb vvm
PA Trading with EMAs & common Sense
- #265
- Mar 13, 2023 3:09am Mar 13, 2023 3:09am
- Joined Mar 2017 | Status: Trader | 1,378 Posts
This is the second Week
in which I hardly have any PC-Time
atb vvm
in which I hardly have any PC-Time
atb vvm
PA Trading with EMAs & common Sense
- #266
- Mar 13, 2023 5:28am Mar 13, 2023 5:28am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
This is the second Week in which I hardly have any PC-Time
maybe not so bad to stand aside a bit this week vvm, volumes are through the roof and price action is wild on the 1M timeframe, triple witching hour this friday so lots of repositioning!
not even sure if this sequence is legible, it was meant to be based on price action, but it is moving so fast it is hard to keep up! it was profitable though...
i'll post more of mine and review some of your trades when i get more time, but please keep posting!
every minute matters!
- #267
- Mar 13, 2023 5:54am Mar 13, 2023 5:54am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
every minute matters!
- #269
- Edited 8:33pm Mar 13, 2023 6:51pm | Edited 8:33pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{quote} Hey, yeah I'm not seeing anything today on the higher time frame strategies but got a gold scalp in the morning that looked good. Real shame I hesitated in the morning with ECHF as was a good trade. With your screenshots, can I request some basic annotation? It's really hard to understand the rationale for any of your trades. If it's too much for all your trades, as your volume is quite high then just a couple that you really liked would be good. Glad you finished up mate!
thanks, price action will be volatile all week, especially friday, good for quick clean scalps, but highly risky if a trend breaks out against you or if using stop losses
yes, of course, i'll add descriptions to each screenshot, i'm not much of an annotator, if its still unclear, please just let me know then i'll mark up the snapshots as well...
that last sequence i posted was all over the place, the rationale was in my mind but wasn't quick enough to execute it, and i missed the last double bottom, so wasn't pleased with it either! but it got me through the day
so here's a better one this morning that i can put some words to...
EURUSD 1M
the first entry short was based on trend continuation after a pullback to ema9, no stop loss was used, the plan was to continue entering as each ema was hit, then ema20 got hit and entered the second short entry, targets based on reaching prior low - if ema50 had hit, i would of entered again if price action was right
normally i would play the counter trend prior to these entries as well but this weeks volatility makes me very cautious
at the point of this snapshot, it is VERY difficult to hold as it was already in decent profit and i start getting ready to close, is that fear???
but my intuition tells me to hold until target - is that greed???
it feels like it sometimes and others it doesn't, this time it didn't
and intuition paid off well in the end...
just realised this was actually a beautiful mini head and shoulders that broke the neckline to help reach the target!
every minute matters!
- #270
- Mar 13, 2023 9:34pm Mar 13, 2023 9:34pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
AUDUSD 1M
couldn't resist a triple top!
initial stop loss just above rejection, then lowered to BE after favourable move
once ema200 broke and held, target was good to go!
could of held longer, but that might of turned into costly greed...
or maybe not, it might of been rewarding greed...
that is what makes trading so hard imo!!!
couldn't resist a triple top!
initial stop loss just above rejection, then lowered to BE after favourable move
once ema200 broke and held, target was good to go!
could of held longer, but that might of turned into costly greed...
or maybe not, it might of been rewarding greed...
that is what makes trading so hard imo!!!
every minute matters!
- #271
- Mar 13, 2023 10:19pm Mar 13, 2023 10:19pm
- Joined Mar 2017 | Status: Trader | 1,378 Posts
PA Trading with EMAs & common Sense
- #272
- Mar 13, 2023 11:37pm Mar 13, 2023 11:37pm
- Joined Dec 2022 | Status: Trader | 3,246 Posts
that's ok. we'll try and keep you involved with our trades!
EURUSD 1M
countertrend long after ema9 over extension and double bottom, initial stops just below double bottom and moved to BE
then it reaches the tough position of deciding to close or wait for target - greed, fear, or common sense, which will prevail!
thankfully in this case it was common sense that provided the profits, closed manually before target was reached based on the feeling of the market at that point in time...
EURUSD 1M
countertrend long after ema9 over extension and double bottom, initial stops just below double bottom and moved to BE
then it reaches the tough position of deciding to close or wait for target - greed, fear, or common sense, which will prevail!
thankfully in this case it was common sense that provided the profits, closed manually before target was reached based on the feeling of the market at that point in time...
every minute matters!
- #273
- Mar 14, 2023 12:03am Mar 14, 2023 12:03am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
AUDUSD 1M - MISSED\CONTEMPLATED OPPORTUNITY
looking back on this one that i contemplated but didn't take, it was a triple top again but in close succession, would of been a nice easy to manage trade, oh well, plenty more to come...
and now of course all the stops have been taken out from that level! gotta love price action...
looking back on this one that i contemplated but didn't take, it was a triple top again but in close succession, would of been a nice easy to manage trade, oh well, plenty more to come...
and now of course all the stops have been taken out from that level! gotta love price action...
every minute matters!
- #274
- Mar 14, 2023 4:10am Mar 14, 2023 4:10am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
AUDUSD 1M
countertrend long, first attempt stopped out at BE, it was set too early, so re-entered long, stop set to BE
the entry was also based on a triple bottom having formed...
back to that tough position of deciding whether to hold until target or close now that decent profits are available - greed, fear or common sense...
based on the price action, i felt it was the right time to close, nothing convincing, so maybe a bit of fear involved, it felt like common sense but the target was nagging me...
and for good reason, it was easily achieved and beyond, intuition can feel like greed and its hard to tell them apart sometimes...
countertrend long, first attempt stopped out at BE, it was set too early, so re-entered long, stop set to BE
the entry was also based on a triple bottom having formed...
back to that tough position of deciding whether to hold until target or close now that decent profits are available - greed, fear or common sense...
based on the price action, i felt it was the right time to close, nothing convincing, so maybe a bit of fear involved, it felt like common sense but the target was nagging me...
and for good reason, it was easily achieved and beyond, intuition can feel like greed and its hard to tell them apart sometimes...
every minute matters!
- #277
- Mar 14, 2023 6:11am Mar 14, 2023 6:11am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
{quote} You picked a good day to take off.
interesting resistance zone building up on both EU and AU
every minute matters!
- #278
- Mar 14, 2023 6:32am Mar 14, 2023 6:32am
- Joined Dec 2022 | Status: Trader | 3,246 Posts
every minute matters!
