I've got a pending long above the minor resistance confluence 2415/17. Nobody wants to get sucked back down into this range on an early long.
- #259,862
- Jun 17, 2010 11:45pm Jun 17, 2010 11:45pm
The way I work is start from a very small position (1 mini) and keep adding every 30 pips or at every S/R lines, sometimes increasing the position at the high.
So have you read anywhere about that scaling in and out of positions you are talking about? I pretty much came up with the idea myself, I only saw something similar in introduction webinar to the Tiger Max system, but they want $2000 tuition fee to explain it, and I dont want to pay
I'd be interested to read a thread about that, have you seen any? I'll go look in systems and MM forum right now actually, dont feel like inventing the bicycle
Qqq Return Today:
0.7%
- #259,863
- Jun 17, 2010 11:45pm Jun 17, 2010 11:45pm
- | Additional Username | Joined Nov 2009 | 564 Posts
I have finally learned to pay attention to the 4H & Daily TF's...I cant tell you how many times I sold lately.
Sh*t happens, regularly.
Here is the 4H chart I keep refusing to pay close attention to.
Now Im glued to it.
Hope the pic is legible
- #259,864
- Jun 17, 2010 11:46pm Jun 17, 2010 11:46pm
I think that there is not much alternative to a relatively bullish day for risk assets today. With US equities recently having overcome some strong resistance
markets are set to rise in the immediate future. Aud is a good indicator of this and it is flying today. Still some corrective risks remain as currencies (notably the EU and Aud) have had an extended bull run and still haven's tested the former 200 MAs which acted as resistance last time, now as support. The day is pretty modest as of scheduled news releases. My view remains that the Dow is set for the 10650-10700 before any serious downturn potential arises. Still it is friday, so it won't be clear until later in the session. Plentiful resistances for the euro on its way up, modest resistance for the Dow @ 10450. Should be a good day for scalps with high volatility. Trade safe
markets are set to rise in the immediate future. Aud is a good indicator of this and it is flying today. Still some corrective risks remain as currencies (notably the EU and Aud) have had an extended bull run and still haven's tested the former 200 MAs which acted as resistance last time, now as support. The day is pretty modest as of scheduled news releases. My view remains that the Dow is set for the 10650-10700 before any serious downturn potential arises. Still it is friday, so it won't be clear until later in the session. Plentiful resistances for the euro on its way up, modest resistance for the Dow @ 10450. Should be a good day for scalps with high volatility. Trade safe
- #259,866
- Jun 17, 2010 11:54pm Jun 17, 2010 11:54pm
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #259,867
- Jun 17, 2010 11:56pm Jun 17, 2010 11:56pm
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
- #259,869
- Jun 17, 2010 11:58pm Jun 17, 2010 11:58pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #259,872
- Jun 18, 2010 12:06am Jun 18, 2010 12:06am
- Joined Jul 2009 | Status: Singleness of purpose: profit. | 1,298 Posts
- #259,875
- Jun 18, 2010 12:10am Jun 18, 2010 12:10am
- Joined Aug 2009 | Status: Sir Richard Culus | 3,099 Posts
- #259,877
- Edited 12:32am Jun 18, 2010 12:15am | Edited 12:32am
if you really want to pay attention first clear up that mess from your chart
I have only posted a few times here on this forum...
And most times I post, I get this crap from idiots like Swingtrader obviously waiting for a noob to come along to give shit to. (?)
Swing trader - That chart has less "mess" on it than most.
Other than that, its the way I look at charts, if you dont like it, I dont really care. If you would care to put up a chart of yours, I'll see if I can dump some of my baggage on it, regardless of what you see.
I admit its not the clearest pic, but nobody has shown a better way, so I keep doing what I do, as you do.
If you have nothing to "ADD" to what I have posted Swingtrader/loser, then shut the f*ck up moron.
Trading is stressful enuff without the stupid and very unhelpful snide comments.
People come here to share, inform and learn. Why are you here Mr Swingtrader? Getting your rocks off mate?
Stress Free Trader my ass...You are deluded if you think you have cracked any "code" - I'd say you fell and cracked your head.
This is wasting my time and energy. I'll sit on the sidelines from here on.
Later
- #259,880
- Jun 18, 2010 12:18am Jun 18, 2010 12:18am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts