[quote=zzz;5601432]trogger, can you please show what specifically triggers your trades on the timeframe where you are entering.....
...takes as much skill as giving the right answer!
Now, given your question, it seems to me that you may have missed the significance of the BB chart in my post.
[And,my opening sentence in that post was.... ?? "The Mantis knows that the predominant trend is.."?]
I have removed (almost) everything except the "constraining" upper TL and reprint the BB chart below. Note the number of points this line is based on? Note the number of additional bars that approach this line? Note the length of time this line has been in play?
Now, why wouldn't a Mantis launch an ambush attack from this vantage point? (Given appropriate PA, of course.)
Now look at the daily. We are looking for PA at resistance - and that resistance doesn't need to be horizontal. (Remember, we are in uncharted territory - we have no horizontal levels).
What do you see on the worker? Dead on cue, huh? (British Rail aren't running this locomotive!!)
On the 7th Feb, we have our test - and failure. On 8 Feb we have our SS, re-test and re-failure. On 14th (arrowed) we have what...?
That's good enough for me! We now have a clear reference point to short against - regardless of what the predominant trend is. This is Mantis Ambush territory! And the next day (15th), short I do!
Now, with regard to 15min charts - please understand: the decision to short isn't made on this time frame. The decision to short has already been made. Only the entry/ies is/are. Here is a screenshot showing the "offending" position (at least, the only one taken here that is still active.) I took it at 10.22 on the 15th. Shorted the retrace on 15min charts as my entry. I have searched, found and posted the 15min chart below, showing the PA around the bar on which I entered.(Remember, the 15min must be taken in the context of what is explained above. Entering random positions based on PA on a 15min chart is definitely not recommended. Personally, I think roulette would be preferable - Russian roulette!)
And a final note: In my last post I referred to my original "alert" on this pair. In fact, the original post (#16156 ) was linked to, but the link takes you to the wrong post. That may have caused some confusion, but the post number is correct. Of course, by the time I posted that "alert", I had in fact long been in the trade - indeed, several positions had already been closed.
Hope this helps.
Now, with regard to your other, implied question, I will reply in due course.
regards, Trogger
...takes as much skill as giving the right answer!
Now, given your question, it seems to me that you may have missed the significance of the BB chart in my post.
[And,my opening sentence in that post was.... ?? "The Mantis knows that the predominant trend is.."?]
I have removed (almost) everything except the "constraining" upper TL and reprint the BB chart below. Note the number of points this line is based on? Note the number of additional bars that approach this line? Note the length of time this line has been in play?
Now, why wouldn't a Mantis launch an ambush attack from this vantage point? (Given appropriate PA, of course.)
Now look at the daily. We are looking for PA at resistance - and that resistance doesn't need to be horizontal. (Remember, we are in uncharted territory - we have no horizontal levels).
What do you see on the worker? Dead on cue, huh? (British Rail aren't running this locomotive!!)
On the 7th Feb, we have our test - and failure. On 8 Feb we have our SS, re-test and re-failure. On 14th (arrowed) we have what...?
That's good enough for me! We now have a clear reference point to short against - regardless of what the predominant trend is. This is Mantis Ambush territory! And the next day (15th), short I do!
Now, with regard to 15min charts - please understand: the decision to short isn't made on this time frame. The decision to short has already been made. Only the entry/ies is/are. Here is a screenshot showing the "offending" position (at least, the only one taken here that is still active.) I took it at 10.22 on the 15th. Shorted the retrace on 15min charts as my entry. I have searched, found and posted the 15min chart below, showing the PA around the bar on which I entered.(Remember, the 15min must be taken in the context of what is explained above. Entering random positions based on PA on a 15min chart is definitely not recommended. Personally, I think roulette would be preferable - Russian roulette!)
And a final note: In my last post I referred to my original "alert" on this pair. In fact, the original post (#16156 ) was linked to, but the link takes you to the wrong post. That may have caused some confusion, but the post number is correct. Of course, by the time I posted that "alert", I had in fact long been in the trade - indeed, several positions had already been closed.
Hope this helps.
Now, with regard to your other, implied question, I will reply in due course.
regards, Trogger
and sorry for the english, not my native language
