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Volman meets Burke or My journey with PA

  • #2,661
  • May 9, 2023 3:13pm May 9, 2023 3:13pm
Three day setup on USD/CAD, here's one possibility. If it reacts positively to news tomorrow, I would expect them to take out the long's stops and then move higher. If that's the case I'll be looking for first bounce.

UJ's just stuck in a box so not really looking to trade it tomorrow. I'd rather wait for it to show it's hand before looking for any trades.
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Virtue signaling is for those who are devoid of actual virtue
  • #2,662
  • May 10, 2023 7:56am May 10, 2023 7:56am
Corduan Lighthouse

At mouth of Gironde estuary, France

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And because I had no clue where that is I did the map thing.

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Mark ... Everything you have been told is a LIE
  • #2,663
  • May 10, 2023 8:16am May 10, 2023 8:16am
Well that UCAD trade didn't come to fruition. I am watching EJ for a long setup though.
Virtue signaling is for those who are devoid of actual virtue
  • #2,664
  • May 10, 2023 8:42am May 10, 2023 8:42am
Scratch that idea too. lol
Virtue signaling is for those who are devoid of actual virtue
  • #2,665
  • May 10, 2023 8:43am May 10, 2023 8:43am
Quoting Butters
Well that UCAD trade didn't come to fruition. I am watching EJ for a long setup though.
They seem to all trade small.
Mark ... Everything you have been told is a LIE
  • #2,666
  • May 10, 2023 8:48am May 10, 2023 8:48am
UCAD recovered nicely, but it looks over-extended right now. EJ never met the 5 min entry criteria. Still sitting on hands.
Virtue signaling is for those who are devoid of actual virtue
  • #2,667
  • May 10, 2023 9:49am May 10, 2023 9:49am
Quoting Butters
UCAD recovered nicely, but it looks over-extended right now. EJ never met the 5 min entry criteria. Still sitting on hands.
Not getting any of the "usual" bounces after the data. Still some big red news coming tomorrow.
Mark ... Everything you have been told is a LIE
  • #2,668
  • May 10, 2023 10:35am May 10, 2023 10:35am
Did you guys catch the GJ move?
Success = Practice + Patience + Persistence
  • #2,669
  • May 10, 2023 11:30am May 10, 2023 11:30am
Quoting fxpider
Did you guys catch the GJ move?
Nope. It looked to have a couple spots to get in.
Mark ... Everything you have been told is a LIE
  • #2,670
  • May 10, 2023 11:38am May 10, 2023 11:38am
Quoting fxpider
Did you guys catch the GJ move?
Morning one GJ @ UK time, Hit high to the pip at PMH drop to PDO 40+ pips to be had, but some targets in between PDH & NYC, baled out early.

Afternoon was also possible, take the 15m candle after the News Candle, Break above Long to PDH or Break below Short to PDL
It never gets easier, you just get better
  • #2,671
  • May 10, 2023 11:50am May 10, 2023 11:50am
Quoting spzd
{quote} Nope. It looked to have a couple spots to get in.
It was a nice D3 move, 3 pushes to the OR high then elevator down. Luckily, I got a big chunk of it, in fact, my biggest catch of YTD. I will post the chart tomorrow with proper annotation. Psychologically, it was exhausting to see thru the trade to the other side of the range, as I am a 20/30 pips trader
Success = Practice + Patience + Persistence
  • #2,672
  • May 10, 2023 11:58am May 10, 2023 11:58am
Quoting fxpider
{quote} It was a nice D3 move, 3 pushes to the OR high then elevator down. Luckily, I got a big chunk of it, in fact, my biggest catch of YTD. I will post the chart tomorrow with proper annotation. Psychologically, it was exhausting to see thru the trade to the other side of the range, as I am a 20/30 pips trader
Congrats.

Yeah, when you trade short those runners make you work.
Mark ... Everything you have been told is a LIE
  • #2,673
  • May 10, 2023 12:06pm May 10, 2023 12:06pm
It's kind of funny, UCAD is back up and higher than it was at the open. UJ for some reason just can't seem to muster any strength. USD is stronger against CAD which has a 4.5% interest rate, but it just can't seem to pull it off against a currency with a negative rate. lol
Virtue signaling is for those who are devoid of actual virtue
  • #2,674
  • May 10, 2023 12:12pm May 10, 2023 12:12pm
Quoting spzd
{quote} Not getting any of the "usual" bounces after the data. Still some big red news coming tomorrow.
I might look for the same thing tomorrow that I was looking for today on UCAD. Now we have two PFLs with lots of sideways action. We'll see.
Virtue signaling is for those who are devoid of actual virtue
  • #2,675
  • May 10, 2023 12:20pm May 10, 2023 12:20pm
Quoting Butters
It's kind of funny, UCAD is back up and higher than it was at the open. UJ for some reason just can't seem to muster any strength. USD is stronger against CAD which has a 4.5% interest rate, but it just can't seem to pull it off against a currency with a negative rate. lol
BoJ in many ways is much smarter than the other CBs.
Mark ... Everything you have been told is a LIE
  • #2,676
  • May 10, 2023 12:29pm May 10, 2023 12:29pm
Quoting spzd
{quote} BoJ in many ways is much smarter than the other CBs.
The "weakened" currency helps to drive the exports from Japan

https://commodity.com/data/japan/
It never gets easier, you just get better
  • #2,677
  • May 11, 2023 7:00am May 11, 2023 7:00am
Henningsvær soccer pitch

Henningvær, Norway


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Yup, map with this one also ...

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Mark ... Everything you have been told is a LIE
  • #2,678
  • May 11, 2023 10:04am May 11, 2023 10:04am
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Mark ... Everything you have been told is a LIE
  • #2,679
  • May 12, 2023 7:26am May 12, 2023 7:26am
Wild Lupines
Lupinus perennis many in the states know them as Bluebonnets.

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Mark ... Everything you have been told is a LIE
  • #2,680
  • May 12, 2023 12:47pm May 12, 2023 12:47pm
Been F-ing around on a demo account this week. Been putting together a lazy system for swing trades to compliment my day trades. Originally it was going to be a 1 hour system but I'm going with 30 min. It's still based on SB/BTMM, but it's more of a put the position on and check it later kind of thing. Looking to hold positions for 2-3 days after identifying trapped volume at the low or high of the week. I got my entry criteria, risk management, trade management, where to target, etc. rules down in a word document and will make any needed revisions over the weekend. So far so good.
Virtue signaling is for those who are devoid of actual virtue
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