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  • #39,541
  • Aug 22, 2024 10:20am Aug 22, 2024 10:20am
Quoting Catempire
{quote} I disagree based on the PA this wants to go up, this is mearly a correction before normal service resumes.
Numbers were totally off just corrected it
Waiting for 2450 is not a bad idea imo. I am not looking for longs at all.
ma ma make me happy
  • #39,542
  • Aug 22, 2024 10:20am Aug 22, 2024 10:20am
Quoting Thtpro
{quote} I never have targets, always trail a stop and let the game take me out - the main reason is I've never been any good at setting targets
That's fine as long as it works!
  • #39,543
  • Aug 22, 2024 10:24am Aug 22, 2024 10:24am
Quoting Thtpro
{quote} I never have targets, always trail a stop and let the game take me out - the main reason is I've never been any good at setting targets
Targets are the most important thing in my trading and that is why it's not uncommon to have a reward to risk of 20:1 on any given trade.
Even if I lose some trades (doesn't happen very often) they are always smaller losses.
We watch the charts from every angle so you don't have to!!
  • #39,544
  • Aug 22, 2024 10:27am Aug 22, 2024 10:27am
[/quote ur buy target?[/quote]

I bought Bang! on 2471.48 a few pips above Low Of Day with target profit @2495.11

if the price return to break the LOD I'm done for the day
https://breakpullback.com
  • #39,545
  • Edited 10:53am Aug 22, 2024 10:38am | Edited 10:53am
Quoting profits7
{quote} ______________ sorry for Late response , was busy = will soon post my New Batch in ADVANCE ! {image}
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Don’t focus on making $$$, focus on protecting what you have.
  • #39,546
  • Aug 22, 2024 10:51am Aug 22, 2024 10:51am
Quoting pedro319
{quote} Targets are the most important thing in my trading and that is why it's not uncommon to have a reward to risk of 20:1 on any given trade. Even if I lose some trades (doesn't happen very often) they are always smaller losses.
Yeah I've been thinking that over the past few months of watching your posts - I'm the other way around aim for smaller quicker returns, in make a profit, get out on a trailing stop - Its my biggest trading weakness and I think after years of using it, its hard to get out of the "mould"

I aim for as certain as possible trades from a momentum basis - As I've made it work over the years

I re-read Wolfe Waves and my harmonic patterns books the other day and buying/selling at a set zone, just fills me with dread - which is probably telling me, its not suited to me or I have to put my big boy pants on and try something new - I might try testing it out in Sept when back from hols and have a think about it all

I'm the sort of person who has to plan it all out step by step, see the trees and the forest and think ah ha

All depends how brave I get lol
  • #39,547
  • Aug 22, 2024 11:01am Aug 22, 2024 11:01am
Quoting Thtpro
{quote} Yeah I've been thinking that over the past few months of watching your posts - I'm the other way around aim for smaller quicker returns, in make a profit, get out on a trailing stop - Its my biggest trading weakness and I think after years of using it, its hard to get out of the "mould" I aim for as certain as possible trades from a momentum basis - As I've made it work over the years I re-read Wolfe Waves and my harmonic patterns books the other day and buying/selling at a set zone, just fills me with dread - which is probably telling me,...
That is ok. Even if you don't use the patterns to join the moves you can still use them to collect profits.
I know old habits die hard.
Wish you all the best.
We watch the charts from every angle so you don't have to!!
  • #39,548
  • Aug 22, 2024 11:05am Aug 22, 2024 11:05am
Quoting pedro319
{quote} How much more money do you want / need! ??
I need to be able to keep my lavish lifestyle
I only follow traders with IQ above 160
Challenge Tour All Time Return: -67.8%
  • #39,549
  • Aug 22, 2024 11:08am Aug 22, 2024 11:08am
Really curious to see where that 4h is gonna close
  • #39,550
  • Aug 22, 2024 11:08am Aug 22, 2024 11:08am
Quoting eyefeelsix
{quote} at least until NY close target may be achieved for quick money {image}

All good! let the market find its own way

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https://breakpullback.com
  • #39,551
  • Aug 22, 2024 11:09am Aug 22, 2024 11:09am
Quoting profits7
{quote} {image} {image}
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Don’t focus on making $$$, focus on protecting what you have.
  • #39,552
  • Aug 22, 2024 11:10am Aug 22, 2024 11:10am
Quoting profits7
{quote} {image} {image}
thank you so much for this.
  • #39,553
  • Aug 22, 2024 11:11am Aug 22, 2024 11:11am
Good darts boys and girls

2528 top > 2470 retest > new highs

I’ve moved my most recent long SL just below days low.

GL all
Que Sera
  • #39,554
  • Aug 22, 2024 11:15am Aug 22, 2024 11:15am
Quoting steffile
{quote} thank you so much for this.
________ we ARE protected by da RedCross m8 !
Don’t focus on making $$$, focus on protecting what you have.
  • #39,555
  • Edited 11:37am Aug 22, 2024 11:18am | Edited 11:37am
would love to add a short crumb around 2484/90, but already added one @ 2475 unfortunately

edit: short term TP target would most likely be 2460/40
ma ma make me happy
  • #39,556
  • Aug 22, 2024 11:23am Aug 22, 2024 11:23am
Quoting profits7
{quote} ________ we ARE protected by da RedCross m8 !
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Don’t focus on making $$$, focus on protecting what you have.
  • #39,557
  • Aug 22, 2024 11:24am Aug 22, 2024 11:24am
Quoting pedro319
{quote} That is ok. Even if you don't use the patterns to join the moves you can still use them to collect profits. I know old habits die hard. Wish you all the best.
Cheers - Its definitely something I'm going to look at, as I know I'm leaving money on the table

I don't know if you've heard of Bryce Gilmour - you must have if you use harmonic patterns

anyway I read his books 15 or so years ago and thought, this seems complicated and a lot of thinking/calculations, then I got to this page and the method just jumped out at me as super simple

so this is basically my method in a nutshell - I do look at key geometrical levels and if I get this pattern off one, its game on

I just make sure my simple moving averages back up the trend possibility for "added security"

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I'm also very very lazy, which is another reason I've not stepped out of the old comfort zone

Keep up the great posts Pedro, I do sit and chuckle to myself reading some of them and I really enjoy seeing your targets zones and watching prices when they get there - you should be proud of yourself as you really are a very talented trader, one of the 1% of the 1% of the 1%
  • #39,558
  • Aug 22, 2024 11:28am Aug 22, 2024 11:28am
https://www.forexfactory.com/thread/...3#post14971793
Today was another great surprise that the guys managed so cleverly.
(told you repeatedly 20 hours ago).
An unpleasant tone has set in here,
so I'll go on my way after a lovely time I had here. Sprcial thanks to parvenverma and SkullCandy.
Have happiness and enjoy.
  • #39,559
  • Aug 22, 2024 11:30am Aug 22, 2024 11:30am
Quoting Thtpro
{quote} Cheers - Its definitely something I'm going to look at, as I know I'm leaving money on the table I don't know if you've heard of Bryce Gilmour - you must have if you use harmonic patterns anyway I read his books 15 or so years ago and thought, this seems complicated and a lot of thinking/calculations, then I got to this page and the method just jumped out at me as super simple so this is basically my method in a nutshell - I do look at key geometrical levels and if I get this pattern off one, its game on I just make sure my simple moving...
Thank you very much for the nice compliments.
You can use the fibonacci extensions, namely the 1.0, 1.27 and 1.618. When you see momentum and thrust before reaching the 1.27, it means that after pullback you will probably get the 1.618.
That is the reasoning I am using for this D1 chart buy which I open last.
The bounce was off the 1.27, market pullback and now could in theory, given that the criteria fits, follow to next target.
All the best.
We watch the charts from every angle so you don't have to!!
  • #39,560
  • Aug 22, 2024 11:41am Aug 22, 2024 11:41am
Quoting profits7
{quote} {image}

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Don’t focus on making $$$, focus on protecting what you have.
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