Well, so much for price action... !!! Gues a big green bar says it all... !!!
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DislikedWell, so much for price action... !!! Gues a big green bar says it all... !!!Ignored
Dislikedthx dude....felt good making trades off my own analysis. one question though...do you normally trade on fridays?Ignored
DislikedFirstly Mike can I say my experience of forums is I have none. I am going to tell you what has happened as briefly as I can since my last post but am really looking for your guidance on what the protocol is, I know it’s your trading journal but feel unless I tell you what is happening I can not learn from you .Maybe I should pm ?
I did drop my lower time frames as promised on Tuesday and had a bit of disastrous day on Wed. Trouble was I had changed my time frames but not my trading style of scalping .Started looking at my RSI and Stoch too much with less going on. For instance a bullish divergence on a gbp-usd 15 min plays out quite quickly but on the daily well its still there now and definitely not kicked in yet might never the way things are going.
I have read the first couple of pages here and did go to the Vegas Wealth Builder as instructed. The 4hr plan has greatly interested me and I now have 2 small windows for reference on my desktop. The thing that really stands out on the weekly V -W –B is the momentum down and I now realise I need to be looking for good selling opportunities only.
I have set up a profile with your system and so I can study it separately and laid out the chart exactly as you have. That’s it for mo let me know what you think.Ignored
DislikedHi Mike,
Well I got in on G/Y last night at 01:30EST @ 212.75 got out of it this morning when it started channeling at 211.33 for +142.
Now if I can just do that every day.
What are your thoughts on the direction of the G/Y and any retracements. It's just finishing up a nice head and shoulders on the weekly. I am wondering about more downtrend momentum.
Have a Great Day!!
Mike GIgnored
DislikedOn a perfect head and shoulders.... the distance from the top of the head to the neck line, would also be the distance from the neck line down to a target... That would be a pretty low number in this case !!! But just by looking to the next heavy support area.... 203 would be a good target... not for today of coarse... but coming...Ignored
DislikedI agree with Tiki on that point. Long term thoughts, for me, are even lower than that though.Ignored
DislikedHi Guys,
Although I have had many REALLLLLLLLY bad experiences with any CAD related pair, That Said, this U/C is sure setting up nice with a Bearish Engulfing.
Any thoughts??
Mike GIgnored