Took my scout out @ 1.54895. No opportunity to start attack sequence...
Feels bullish on M5, M15...
Feels bullish on M5, M15...
- #5,782
- Jul 25, 2012 4:35am Jul 25, 2012 4:35am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
now troops trying hard not to sink... sending some life vest,...
Success consists of going from failure to failure without loss of enthusiam
Hi Eddy & Kimt,
Did you guys cut your positions before the spike?
regards kim
- #5,794
- Jul 26, 2012 6:47pm Jul 26, 2012 6:47pm
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Hi Eddy & Kimt,
Did you guys cut your positions before the spike?
Success consists of going from failure to failure without loss of enthusiam
- #5,795
- Edited 8:08pm Jul 26, 2012 7:26pm | Edited 8:08pm
what is in the SPIKE that you're too much into it... you have a bad mindset...
Edit: I was too rigid, kept thinking of a short. couldn't react when market when up. I was too afraid to trend counter-trend for fear of major drop down against my position...
just reflected and read through FTI's thread again. "for managed daylight you should always trade the dance".... regardless of the direction..
"....no trends move in a straight line advance or decline.
within any major trend, there are minor trends, then there are intraday trend, hourly trends and so forth.
its your choice to decide which is within your scope to cope with.
For overnight positions, its only prudent to stay with the major trend, cos' no one knows when it will kick in.
for managed daylight you should always trade the dance.
a bad position in the 5 min plays can be made good in the hourly plays, and the latter can be made in 5 Hrsly and so forth.
It depends on your own stamina to cope.
Be aware that the overnight positions are only a fraction of the daylight management...."
- #5,796
- Jul 26, 2012 8:27pm Jul 26, 2012 8:27pm
Since December of last year i have been exploring my methodology of trading... but it wasn’t so long for me to realize that i didn’t have any – but one thing that i noticed i had been doing lately, and it’s becoming more and more clearer to me every time i’m dancing with my lady... is nothing but simply reading and feeling her candle per candle as she’s revealing them to me (as it appears)
Here’s my current positions...
When i opened my chart 2 hours ago, number 5 candle was just forming and start to its rejection...
Here’s my view...
1 it was a strong bearish candle with a long wick above – showing a strong rejection happened but
The push of the bears wasn’t successful because it’s followed by a bull candle
- the sentiment is still neutral... considering it’s currently sideways action...
2 a bullish candle but didn’t manage to break previous high of 1 and a strong rejection was noticed
3 a bearish candle... again it went strongly up but was rejected by bears and managed to push the
Close near 50% of the previous candle... and didn’t reach previous candle high...
- after having seen the action happened at 1,2 and 3, my hindsight sentiment now would be
Bearish neutral... would anticipate another strong push of the bears further down will confirm
4 after a short leg run by bears, there was a short pause by a bull candle (it’s a neutral small bull
Candle) now a bear candle appeared... and was followed by a strong bears... after a doji candle
Appeared, i would be expecting a correction (and to me would be a good entry considering a
Confirmation candle apprears)...
- bearish sentiment could be felt here
5 a bearish candle, but a trace of rejection by bulls... bulls presence has been noted!!!
6 now a bullish candle... reaction level A was visible and used as my point of reference... if this
The first phase of correction... breaking away from this level down will be strong bearish
Confirmation...
7 a strong bullish candle... as was anticipated and it closed above the reaction level of 4...
Market sentiment is still bearish...
8 a strong bear candle with a small rejection... this should be a good spot for scout deployment
but respecting the reaction level of 4... followed by another bull candle... after this time... my
sentiment changed to neutral...
9 a bull candle and followed by a strong bear candle – rejected and bounced back down from the
Resistance level from 1,2 & 3 area... after strong bear run now my sentiment is back to bearish...
But when to enter...
10 a bull candle and followed a doji... looking a good price for scout to be deployed...
11 a bear candle, after it went up and stalled for at least a minute before it went back down... i
Immediately deployed scout... and a good bear candle followed...
12 a strong presence of bulls was noted...
13 a very long bull candle... it went against me... but i noticed that it’s reacting and respecting the
Resistance level of 1,2,3 and 9... not unless this level will be broken with a good momentum and
Volatility... my sentiment is still bearish considering a good strong run from 9 to 10... but still bulls
Presence cannot be ignore...
14 another try for bulls to break-away but yet another failure... entered level 2 attack... although it
A surprise for me to see a strong candle jerk followed... but since it didn’t make a new high my
Sentiment is still bearish...
15 and so the market proved my sentiment is correct...
16 entered Level 3
17 bearish inside candle
18 a very strong bearish candle after a long bearish doji ... almost makes my confirmation for a run-
Away... but we’ll need to be nimble...
- #5,798
- Jul 27, 2012 6:36am Jul 27, 2012 6:36am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
hey kim, let's dance to the south 
Success consists of going from failure to failure without loss of enthusiam