DislikedBeware of level 1.15850, as the bulls are fiercely defending it on the M15. {image}Ignored
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DislikedBeware of level 1.15850, as the bulls are fiercely defending it on the M15. {image}Ignored
Disliked{quote} Sure... but first... you must understand the weekly story: On weekly chart below, the long term bull trend actually shifted to bearish with a deep drop. That way, 1.1622 area became breakout level and main resistance. BUT, banks soon started their classic shenanigans and created a fake rise as if the drop never happened. Many were tricked that price will continue higher. Meanwhile banks were simply just getting rid of all their excess Euros. Selling it to the masses. Then, not soon after, of course candles dropped back below the breakout...Ignored
DislikedM15: I got stopped out but re-joined... Happens all the time... Rinse & repeat selling.. {image}Ignored
Disliked{quote} How do you set your initial SL for these late sell positions? I know you set mental stop-losses, but I would guess you use a hard SL initially right after an addon position. I do it by orientating on closes above certain MAs I am using. How do you do it?Ignored
Disliked{quote} I scalped buys since last night (52 lots /6e futures). Did well. Now we wait for Fed....Ignored
Disliked{quote} No... I don't use real stops because I am sitting in front of the screen.. I prepare charts.. I watch news.. I do a lot of things while chart is flowing in front of me.. So I can interfere manually whenever I see danger or shift in flow... I always have mental stops.. I know what to do if the winds change direction! Instead of stops.. get used to "candle closing price" based decision making. Meaning you don't touch your order once set and only come back with every candle close on that specific timeframe. You decide with every new candle...Ignored
Disliked{quote} I just love your way. I am a maverick too. I don't like following conventional way of thinking. hourly charts is the best.Ignored
Disliked{quote} Check out H4 chart below: Yes... during the blue phase (1) we had some sort of bullish breakout and those who were buying have benefited. BUT I had weekly resistance marked as a thick yellow zone.. To me, joining bulls while price was ramming this resistance zone made me think that buying dips was not worth the risk.. So I focused on selling, even during the blue phase (1) and had much more confidence once the first bear candle appeared and started the red colored phase (2).. *I also watch 1.1585 area.. If my wma line rejects bears, we could...Ignored