Update - SL
Tough start to the week am now net negative on the week. Will see how this plays out to see if I missed anything. My thinking was a retrace to that fresh daily wick was highly probable at the very least but didn't work out.
- #1,481
- Edited 7:00am Aug 28, 2024 3:18am | Edited 7:00am
Update - SL
Tough start to the week am now net negative on the week. Will see how this plays out to see if I missed anything. My thinking was a retrace to that fresh daily wick was highly probable at the very least but didn't work out.
- #1,482
- Aug 28, 2024 8:12am Aug 28, 2024 8:12am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
{image} Update - SL
MA provides the market's current direction and strength.
- #1,483
- Aug 28, 2024 8:24am Aug 28, 2024 8:24am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #1,484
- Aug 28, 2024 8:29am Aug 28, 2024 8:29am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
{image} Update - SL
Just trading random pairs will not work with any strategy. one strategy won't work in all markets.
when you see the price is moving from range to range why do you expect the price will start to continue to trend?
Anyway your trading career, is your decision.
MA provides the market's current direction and strength.
- #1,486
- Edited 2:08am Aug 29, 2024 1:47am | Edited 2:08am
EC Shorts.
Just looked very obvious looking at structure and H4 pause candle.
Have only 2 pips risk on this at this stage. Will end close to B/E if it comes back above the wick I entered on.
Update - Full B/E at this stage.
Update - TP Hit
(Back to breakeven for the week, now looking to actually make something!)
Just looked very obvious looking at structure and H4 pause candle.
Have only 2 pips risk on this at this stage. Will end close to B/E if it comes back above the wick I entered on.
Update - Full B/E at this stage.
Update - TP Hit
(Back to breakeven for the week, now looking to actually make something!) 
- #1,487
- Edited 7:47am Aug 29, 2024 1:56am | Edited 7:47am
{image} Update - SL
- #1,488
- Edited 8:36am Aug 29, 2024 7:43am | Edited 8:36am
GU Shorts
Very clean range but I waited for news to hit before entering as big news so can get big spikes and I don't trade generally before news.
H4 engulf confirmed direction. I entered after the first M5 candle with a big wick going for the wick fill down.
This whole range down was the range I was looking for on Tuesday but I was one day early. Price should now get to the weekly wick today as we have cleared daily demand.
Update - B/E
Update - TP (Am glad this came before news in 30 mins as otherwise would have to think about another spike up and maybe loosen SL)
In this case the M1 zone hold as I thought it would.
Very clean range but I waited for news to hit before entering as big news so can get big spikes and I don't trade generally before news.
H4 engulf confirmed direction. I entered after the first M5 candle with a big wick going for the wick fill down.
This whole range down was the range I was looking for on Tuesday but I was one day early. Price should now get to the weekly wick today as we have cleared daily demand.
Update - B/E
Update - TP
(Am glad this came before news in 30 mins as otherwise would have to think about another spike up and maybe loosen SL)In this case the M1 zone hold as I thought it would.
- #1,492
- Aug 30, 2024 4:25am Aug 30, 2024 4:25am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #1,493
- Edited 6:51am Aug 30, 2024 5:44am | Edited 6:51am
Next Up UC
Update - I have closed this at breakeven. I don't like the length of consolidation and pushes to the downside.
News may complete the move here but will look for scalps after news. At the moment it's not moving the way I like to see it.
Update - I have closed this at breakeven. I don't like the length of consolidation and pushes to the downside.
News may complete the move here but will look for scalps after news. At the moment it's not moving the way I like to see it.
- #1,495
- Aug 30, 2024 7:36am Aug 30, 2024 7:36am
Next Up UC Update - I have closed this at breakeven. I don't like the length of consolidation and pushes to the downside.
- #1,496
- Aug 30, 2024 8:09am Aug 30, 2024 8:09am
Next Up - gold M5 scalping. Rejection of M5 zone was entry.
It's close to TP now so have put to B/E. Looking to trade momentum here.
Range was the LL but need it to break lower to TP.
Update: TP
These kinds of high momentum moves in gold are my favourite to scalp on M5/M1
It's close to TP now so have put to B/E. Looking to trade momentum here.
Range was the LL but need it to break lower to TP.
Update: TP
These kinds of high momentum moves in gold are my favourite to scalp on M5/M1
- #1,498
- Edited 8:59am Aug 30, 2024 8:27am | Edited 8:59am
EJ - Swing
Forgot I has this one as well. Again same thing. Supply with lots of wicks just below it and big move into the zone.
Consolidation on daily better with GJ but the thing about these premium entries is that can move to B/E very fast. Well worth taking IMO.
Will move SL to B/E.
Update - this one finished at B/E.
There was enough range for 1.5R but these premium entries I usually go for around 5R.
Forgot I has this one as well. Again same thing. Supply with lots of wicks just below it and big move into the zone.
Consolidation on daily better with GJ but the thing about these premium entries is that can move to B/E very fast. Well worth taking IMO.
Will move SL to B/E.
Update - this one finished at B/E
. There was enough range for 1.5R but these premium entries I usually go for around 5R.
- #1,499
- Aug 30, 2024 10:04am Aug 30, 2024 10:04am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #1,500
- Aug 30, 2024 10:08am Aug 30, 2024 10:08am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.