Thats what im waiting for. Hello Volatility!
Short GU, EU, EJ.
EJ: +21p
- #20,122
- Aug 17, 2011 12:24am Aug 17, 2011 12:24am
Thats what im waiting for
Short GU, EU, EJ.
- #20,123
- Aug 17, 2011 12:45am Aug 17, 2011 12:45am
I'd like to share the way hw to learn RED's thread. Just my method, maybe not the best.
Ask yourself these questions when reading RED's charts(dont look at the pairs' name or tf):
1. Is it U or invert U?
2. Where's the supply?
3. Where's the demand? (If its a long trade, should ask the No.3 question first --- find entry zone first)
4. What the candlestick patterns to support the entry?
5. Is the entry near a trendline/major support resistance line?
6. Whats the trading routine according to the U/invert U shape? (eg. Top--->Bottom; Bottom--->Halfway; Halfway--->Top. I found the hardest trades is the ones starting from Halfway, coz we dont the trend will continue or reverse)
7. How did RED set up his stoploss and target? Whats his RR for each trade? Soemtimes RED changed his initial plan after entry and just gain as a scalping, why was that?
8. Correlation if there's any.
Ask yourself these questions when reading RED's charts(dont look at the pairs' name or tf):
1. Is it U or invert U?
2. Where's the supply?
3. Where's the demand? (If its a long trade, should ask the No.3 question first --- find entry zone first)
4. What the candlestick patterns to support the entry?
5. Is the entry near a trendline/major support resistance line?
6. Whats the trading routine according to the U/invert U shape? (eg. Top--->Bottom; Bottom--->Halfway; Halfway--->Top. I found the hardest trades is the ones starting from Halfway, coz we dont the trend will continue or reverse)
7. How did RED set up his stoploss and target? Whats his RR for each trade? Soemtimes RED changed his initial plan after entry and just gain as a scalping, why was that?
8. Correlation if there's any.
- #20,125
- Aug 17, 2011 5:17am Aug 17, 2011 5:17am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Taking a careful short based on 1h........exhaustion of demand after 1.45 option barrier reached ?
Many pips to all.
__________
michael
Many pips to all.
__________
michael
Be like water.
- #20,126
- Aug 17, 2011 5:24am Aug 17, 2011 5:24am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
I'd like to share the way hw to learn RED's thread. Just my method, maybe not the best.
Ask yourself these questions when reading RED's charts(dont look at the pairs' name or tf):
1. Is it U or invert U?
2. Where's the supply?
3. Where's the demand? (If its a long trade, should ask the No.3 question first --- find entry zone first)
4. What the candlestick patterns to support the entry?
5. Is the entry near a trendline/major support resistance line?
6. Whats the trading routine according to the U/invert U shape? (eg. Top--->Bottom;...
Especially question #4 was / is important to me, engulfing AND other candlestick patterns, including the spikes and fake moves are wonderfully demonstrated by Red.....
Good trading to all.
_________
michael
Be like water.
- #20,128
- Aug 17, 2011 5:34am Aug 17, 2011 5:34am
Very helpful, should be in Kenny`s thread too.
Especially question #4 was / is important to me, engulfing AND other candlestick patterns, including the spikes and fake moves are wonderfully demonstrated by Red.....
Good trading to all.
_________
michael
Happy pips
.
- #20,130
- Aug 17, 2011 2:40pm Aug 17, 2011 2:40pm
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Closed my eurusd 1h short, closed eurgbp 30min short....
I am more of a swing trader, but Red´s way of looking at charts has really helped me enormously. I hope our feeble attempts ( compared to him ) puts a smile on his face sometimes...
______________
michael
I am more of a swing trader, but Red´s way of looking at charts has really helped me enormously. I hope our feeble attempts ( compared to him ) puts a smile on his face sometimes...
______________
michael
Be like water.
- #20,131
- Aug 17, 2011 2:54pm Aug 17, 2011 2:54pm
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
We all remember " here we go again " when Red explained compression into supply.....well, this NZDUSD daily chart looks very unusual to me.
We will see during the next 2 weeks how this develops.
Good night......
____________
michael
We will see during the next 2 weeks how this develops.
Good night......
____________
michael
Be like water.
- #20,132
- Aug 17, 2011 4:38pm Aug 17, 2011 4:38pm
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Looks bearish to me, will monitor on 30min and 15min soon.....
_________
michael
_________
michael
Be like water.
- #20,135
- Aug 19, 2011 5:40am Aug 19, 2011 5:40am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
- #20,137
- Aug 19, 2011 6:31am Aug 19, 2011 6:31am
Done this week, totally 16 trades, 4 losses, winning ratio 75%, RR around 1:1(sometime a bit better, sometime a bit worse, each trade diff). The biggest profitable week since learning S&D, maybe coz i use 1H chart
?
However, its nothing compared to the old gang and master RED.
I remember the feeling for which trades/patterns i was hesitate and confuzed, which are not. Still learning.
If ur passionate to learn S&D(or trading), please put ur trigger at least one time a day. U'll improve a lot day after day, skillfully and mentally.
?However, its nothing compared to the old gang and master RED.
I remember the feeling for which trades/patterns i was hesitate and confuzed, which are not. Still learning.
If ur passionate to learn S&D(or trading), please put ur trigger at least one time a day. U'll improve a lot day after day, skillfully and mentally.
Done this week, totally 16 trades, 4 losses, winning ratio 75%, RR around 1:1(sometime a bit better, sometime a bit worse, each trade diff). The biggest profitable week since learning S&D, maybe coz i use 1H chart
However, its nothing compared to the old gang and master RED.
I remember the feeling for which trades/patterns i was hesitate and confuzed, which are not. Still learning.
If ur passionate to learn S&D(or trading), please put ur trigger at least one time a day. U'll improve a lot day after day, skillfully and mentally....
He that is from above is above all.
- #20,139
- Aug 22, 2011 1:16am Aug 22, 2011 1:16am
buy EU, short UCan, closed most of position, rest@ BE. I NEVER feel it too early to move sl to BE when im NOT SO SURE about the current mkt. Manage trade is more important than an entry signal.
Never turn a winner to a loser, and Im thankful to any profit
.
Never turn a winner to a loser, and Im thankful to any profit
.
- #20,140
- Aug 22, 2011 4:43am Aug 22, 2011 4:43am
buy EU, short UCan, closed most of position, rest@ BE. I NEVER feel it too early to move sl to BE when im NOT SO SURE about the current mkt. Manage trade is more important than an entry signal.
Never turn a winner to a loser, and Im thankful to any profit
EU hits trailing stip:+28p(most position)+38p