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Trading with Deadly Accuracy

  • #801
  • Apr 22, 2010 10:16pm Apr 22, 2010 10:16pm
usdchf bop
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Simplicity is the key to success
  • #802
  • Apr 29, 2010 10:35pm Apr 29, 2010 10:35pm
Hi, Just subscribing
Our AWESOME IMAGINATION is the true holy grail!
  • #803
  • May 6, 2010 2:29pm May 6, 2010 2:29pm
Quoting LasVahGoose
Watching...
Well it got hit and then some. Hehehe. It took its time, that is for sure. Also, interesting to see how price is sneaking back to this level.

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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #804
  • May 6, 2010 10:09pm May 6, 2010 10:09pm
Quoting LasVahGoose
Well it got hit and then some. Hehehe. It took its time, that is for sure. Also, interesting to see how price is sneaking back to this level.

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Stuff works..



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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #805
  • May 6, 2010 10:10pm May 6, 2010 10:10pm
Nice example Goose!!
  • #806
  • May 13, 2010 7:55pm May 13, 2010 7:55pm
Maybe a setup on the way: 4 HR Silver. Waiting....

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Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #807
  • May 13, 2010 11:42pm May 13, 2010 11:42pm
nice charts lvg
heres one that should happen later today......
let's watch
cheers guys
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Simplicity is the key to success
  • #808
  • May 13, 2010 11:49pm May 13, 2010 11:49pm
Quoting squeezy
nice charts lvg
heres one that should happen later today......
let's watch
cheers guys
Yeah, that Eur/Aud looks good. I need to train my eye a bit better for the short setups. I always seem to pick out the longs.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #809
  • May 14, 2010 12:00am May 14, 2010 12:00am
Quoting LasVahGoose
Yeah, that Eur/Aud looks good. I need to train my eye a bit better for the short setups. I always seem to pick out the longs.
my charts are well organized from 1hr - daily & i mostly check charts 10-15 miins before close of bar, that way i dont end up staring and giving myself headache.
ill update this ,if i take it or not and my reasons
cheers
Simplicity is the key to success
  • #810
  • May 16, 2010 4:06am May 16, 2010 4:06am
Hi all,

Just found this thread and seem very good thread. Will drop by more often if possible.

Happy trading!
  • #811
  • May 17, 2010 6:22am May 17, 2010 6:22am
Quoting squeezy
my charts are well organized from 1hr - daily & i mostly check charts 10-15 miins before close of bar, that way i dont end up staring and giving myself headache.
ill update this ,if i take it or not and my reasons
cheers

Not liking the present price action going on, on the euraud 1hr tf
seems to be consolidating on this 1hr tf
I will be staying out of this and just be watching, even if we get some valid pa at that bop level,still won't do anything
Simplicity is the key to success
  • #812
  • May 17, 2010 9:58am May 17, 2010 9:58am
Quoting squeezy
Not liking the present price action going on, on the euraud 1hr tf
seems to be consolidating on this 1hr tf
I will be staying out of this and just be watching, even if we get some valid pa at that bop level,still won't do anything
aha, knew something like this would happen.....that consolidation told me to stay out and watch , now look what happened, anyone playing touch off that former bop would have been killed pretty fast imo
now this is what we have......we now wait for the hook/failed parabola to occur then see if we pullback to this new 14053 area which should now act as support
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Simplicity is the key to success
  • #813
  • May 17, 2010 10:55am May 17, 2010 10:55am
Quoting squeezy
aha, knew something like this would happen.....that consolidation told me to stay out and watch , now look what happened, anyone playing touch off that former bop would have been killed pretty fast imo
now this is what we have......we now wait for the hook/failed parabola to occur then see if we pullback to this new 14053 area which should now act as support

I had the same 1.4050 area marked off in my charts just to watch what price would do at that area. Interesting enough price was bouncing off that area right before I went to bed last night. Now it obviously retraced and broke out completely this morning. What I wanted to know was in your experience do you find that consolidation usually decreases the chances of this setup from happening?
  • #814
  • May 17, 2010 11:25am May 17, 2010 11:25am
Quoting squeezy
aha, knew something like this would happen.....that consolidation told me to stay out and watch , now look what happened, anyone playing touch off that former bop would have been killed pretty fast imo
now this is what we have......we now wait for the hook/failed parabola to occur then see if we pullback to this new 14053 area which should now act as support
Even a touch play wouldn't have been to bad because part of the strategy is to have very tight stops. I think it is still important to apply some technicals and look at PA at those BOP levels. PA is king.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #815
  • May 17, 2010 12:32pm May 17, 2010 12:32pm
Quoting sir6
I had the same 1.4050 area marked off in my charts just to watch what price would do at that area. Interesting enough price was bouncing off that area right before I went to bed last night. Now it obviously retraced and broke out completely this morning. What I wanted to know was in your experience do you find that consolidation usually decreases the chances of this setup from happening?

an area of consolidation/sideways movement shows price indecision where there's a kind of balance btw buyers & sellers, i believe most of the time one side just has to win the battle evenif its short term ( either buyers > sellers OR buyers < sellers)
in this case all this was happening way to close to my original bop area, evenif price had bounced off our bop area, it still has that consolidation to deal with, and i just didnt like it one bit
the smoother & spacious price behaves, the freer it should move imho


Quoting LasVahGoose
Even a touch play wouldn't have been to bad because part of the strategy is to have very tight stops. I think it is still important to apply some technicals and look at PA at those BOP levels. PA is king.
yeah but if you see something which tells you that the bop level wont hold ,its best to stand aside, if we had a nice pin bar off that bop area, your first trouble area would be the consolidation, not worth the risk
true that LVG, PA is KING
Simplicity is the key to success
  • #816
  • May 17, 2010 1:03pm May 17, 2010 1:03pm
Quoting squeezy
yeah but if you see something which tells you that the bop level wont hold ,its best to stand aside, if we had a nice pin bar off that bop area, your first trouble area would be the consolidation, not worth the risk
true that LVG, PA is KING
I agree, I'm curious to see how this silver trade play's out since there are 2 levels to take out. Almost to the first one and I will be looking for PA.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #817
  • May 17, 2010 3:55pm May 17, 2010 3:55pm
Quoting LasVahGoose
Even a touch play wouldn't have been to bad because part of the strategy is to have very tight stops. I think it is still important to apply some technicals and look at PA at those BOP levels. PA is king.
Applying PA is a choice not a necessity.

A book worth reading is Justin Mamis's "The Nature of Risk." Often PA reduces risk of falling though a level but it may do it in exchange for a larger stop. Or reduced opportunities. Or reduced chance of getting filled if price slices through the area you considered. So, you study and you evaluate, and you settle on a method that suits you - possibly with no pa in the best setups and pa in the 2nd grade setups.
  • #818
  • May 17, 2010 10:12pm May 17, 2010 10:12pm
Quoting LasVahGoose
I agree, I'm curious to see how this silver trade play's out since there are 2 levels to take out. Almost to the first one and I will be looking for PA.

silver? could u post a chart ... not really sure which tf u r talking about
r u talking 4hr chart 18.62 bop level
thats the only visible bop i see, on 1 hr ...... i have 18.90 which its currently hugging which i might call a false break ,if it shoots back up
i try to keep my tf separate
cheers
Simplicity is the key to success
  • #819
  • May 17, 2010 11:50pm May 17, 2010 11:50pm
Quoting squeezy
silver? could u post a chart ... not really sure which tf u r talking about
r u talking 4hr chart 18.62 bop level
thats the only visible bop i see, on 1 hr ...... i have 18.90 which its currently hugging which i might call a false break ,if it shoots back up
i try to keep my tf separate
cheers
Here it is on on post#806
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #820
  • May 18, 2010 1:55am May 18, 2010 1:55am
Quoting LasVahGoose
Here it is on on post#806
ok seen
to me, when it starts making HH or LL to a bop level , i get a little worried cos it just might be building steam in the opposite direction
i am watching silver more on the hrly to see the rxn to 1870 area....seems to be bouncing now off it.......
ild like to see it break 1870, run away from it then pullback to it for a short (thats what i wld like, doesnt necessary mean itll happen)
Simplicity is the key to success
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