- #5,742
- Jul 24, 2012 5:35am Jul 24, 2012 5:35am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Btw i really miss seeing your charts lol. Thanks!
i guess, it's best for you to show me yours this time... i love to see other charts as well... but not an eyesore... if you know what i mean
Success consists of going from failure to failure without loss of enthusiam
- #5,743
- Jul 24, 2012 5:36am Jul 24, 2012 5:36am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
same with hourly
Success consists of going from failure to failure without loss of enthusiam
- #5,744
- Jul 24, 2012 5:41am Jul 24, 2012 5:41am
i guess, it's best for you to show me yours this time... i love to see other charts as well... but not an eyesore... if you know what i mean
- #5,747
- Jul 24, 2012 5:45am Jul 24, 2012 5:45am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Eddy & Kimt,
Just wondering about deploying scouts. do you rescue the scout if its underwater? Been trying to find posts where you resecue the scout but to no avail. only manage to find posts where you resecue after deploying checker..
On the other hand, is it a good habit to deploy the scout when there is low liquidity or when the market is ranging?
but the tricky part is how to know if it's a correction or reversal...
your long hours spent watching charts will give you an advantage...
or.. on a volatile market, where you see long legs... then that is the trend... best action... is do nothing...
remember never attach an enemy when they're on their peak and on their strongest... all you have to do is wait... price behaves like us... like when we run... our objective is to run from point A to point C... but when we start running... we run out of puff... and we pause and to catch our breath... then we call it point B...
like the market... price run like us... before price reach it's objective... it always have a point B somewhere in between...
if you can feel the flow... then you can almost feel when the price is exhausted and just about to stall... or consolidate...
and again that's the best chance to probe... to deploy a scout
to feel...... if you can tell that price is in consolidation or accumulation... or whatever you call it... then that is the best time to get in...
most of the time... when price start to run... then it's too late to react
and this is why we need to feel and pulse her...
regards,
Success consists of going from failure to failure without loss of enthusiam
- #5,749
- Jul 24, 2012 5:50am Jul 24, 2012 5:50am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Thanks... problem is i need to know how to tell when trend change.. killed 2 scouts today, thinking that trend changed, only to realize that market was ranging. That was in the morning when eur/usd had low vol
As for attacks, we should only do so once scout is in the positive region yeah? Do you deploy your troops for attack when scout is in the red? Depends on the situation right?
that's the beauty of the scout... they're expendable
when wrong... best is to cull them... but if not... do a rescue... swift and quick...as for attacking...
you need to have a plan before entering a position... and when you have a plan... just stick to it and follow it...
do attack when scout is in positive territory... that's a good idea... you can start doing that until you build more confidence...
depends on the situation? ... yes all the time... that's why to be able to survive in this battle... we need to be flexible... we need to be NIMBLE... AND QUICK!
regards,
Success consists of going from failure to failure without loss of enthusiam
- #5,750
- Jul 24, 2012 5:51am Jul 24, 2012 5:51am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
troops in deep water 
bears still strong ...
getting ready for rescue... watching the levels...
bears still strong ...
getting ready for rescue... watching the levels...
Success consists of going from failure to failure without loss of enthusiam
- #5,751
- Jul 24, 2012 5:54am Jul 24, 2012 5:54am
the best time to deploy scout is when you know it's just a correction...
but the tricky part is how to know if it's a correction or reversal...
your long hours spent watching charts will give you an advantage...
or.. on a volatile market, where you see long legs... then that is the trend... best action... is do nothing...
remember never attach an enemy when they're on their peak and on their strongest... all you have to do is wait... price behaves like us... like when we run... our objective is to run from point A to point C... but when...
Gotcha... Explained it very clearly. I hear you about the correction versus reversal bit...
Wanna clarify one thing you said...
or.. on a volatile market, where you see long legs... then that is the trend... best action... is do nothing..
- #5,752
- Jul 24, 2012 5:55am Jul 24, 2012 5:55am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
sticky situation... no time for heroes...
Success consists of going from failure to failure without loss of enthusiam
- #5,753
- Jul 24, 2012 5:58am Jul 24, 2012 5:58am
that's the beauty of the scout... they're expendable
as for attacking...
you need to have a plan before entering a position... and when you have a plan... just stick to it and follow it...
do attack when scout is in positive territory... that's a good idea... you can start doing that until you build more confidence...
depends on the situation? ... yes all the time... that's why to be able to survive in this battle... we need to be flexible... we...
following a plan for attack meaning knowing when to add positions? i think honestly that's the trickiest bit... Sometimes it seems like its ok to add at every candle.. while sometimes its better to add at price rejection or support/resistance. i noticed that you dont have a fixed way of doing it...
- #5,754
- Jul 24, 2012 5:59am Jul 24, 2012 5:59am
So that i can have a better look at your attack sequence, if you don't mind
- #5,755
- Jul 24, 2012 5:59am Jul 24, 2012 5:59am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Gotcha... Explained it very clearly. I hear you about the correction versus reversal bit...
Wanna clarify one thing you said...
Could you explain this againnn? Thannks
if you're not in or have not have any position... best thing to do is to do nothing... never chase a runner... thinking that you missed the bus...
wait until it stalls or retraces... then implement your plan...
Success consists of going from failure to failure without loss of enthusiam
- #5,756
- Jul 24, 2012 6:00am Jul 24, 2012 6:00am
on a volatile market, where price start running strongly, where you see long candles and a series of these without retracement sometimes...
if you're not in or have not have any position... best thing to do is to do nothing... never chase a runner... thinking that you missed the bus...
wait until it stalls or retraces... then implement your plan...
- #5,757
- Jul 24, 2012 6:21am Jul 24, 2012 6:21am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
...
Success consists of going from failure to failure without loss of enthusiam
- #5,758
- Jul 24, 2012 6:23am Jul 24, 2012 6:23am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #5,759
- Jul 24, 2012 7:11am Jul 24, 2012 7:11am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
- #5,760
- Jul 24, 2012 8:16am Jul 24, 2012 8:16am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
will gonna be unloading some positions now... 1st target hit...
Success consists of going from failure to failure without loss of enthusiam