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DislikedIf it doesn't make it above this confluence we should have a ride south.Ignored
DislikedUSDJPY M15.S35 constrainment???
(no. strange movement for JPY for hours...)Ignored
DislikedIf it doesn't make it above this confluence we should have a ride south.Ignored
DislikedWow! You really know how to dance with the market
I went SHORT at the close of that bar and closed with +25 pips profit.
I should have left the trade open because is +80 pips down already.Ignored
DislikedHi Haydel,
Did you enter just because of kostas1's call? I couldn't find a good entry point there, because price hasn't touch most of the lines and PA was not clear for me. So, I missed the ride!!!!
cheers,Ignored
My target was H1 10EMA (25 pips), I was not expecting all the pips that trade actually gave.
Disliked[font=Verdana]First, kostas1's call made me watch closer. This is what I saw: [list][*]D1 is reacting down form a 10EMA touch.[*]Kostas also mentioned Daily R1[*]On the H4 I always set a level for every clear H4 Swing, a pin bar formed on one of those levels itīs an odd enhancer. In this case a level form a 2011.06.28 was right there on the H1 pin bar close to RN.[*][font=Verdana]On the H1, the SMA200 forms a clear trend line where we can...Ignored
Disliked[font=Verdana]First, kostas1's call made me watch closer. This is what I saw: [list][*]D1 is reacting down form a 10EMA touch.[*]Kostas also mentioned Daily R1[*]On the H4 I always set a level for every clear H4 Swing, a pin bar formed on one of those levels itīs an odd enhancer. In this case a level form a 2011.06.28 was right there on the H1 pin bar close to RN.[*][font=Verdana]On the H1, the SMA200 forms a clear trend line where we can...Ignored
DislikedI think Kostas made that call from reasons that are not very quantifiable. It is through his experience and feel of the market.
The variables I see in the movement that Kostas called was
-35/50 MA's are sideways
-The market is clearly in a range
-With these knowledge in mind it so happen that there is a possible confluence of many S n Rs.
When Kostas said if price does not go pass the RN+ other S n R then we can have a short trade, what he might mean in layman's term is- If the range continues by respecting the confluence of S n R it will do...Ignored