DislikedBasically I watch the M1 chart as price arrives into a higher TF level.
Entry is on the close of the M1 rejection bar (pin, doji, beeb)
Stop moves to BE + spread after a few pips. You need a low spread ECN broker for this.
I then aggressively trail my stop behind any swing points or new M1 S&D levels that form and do this until stopped out.Ignored
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- Oct 4, 2012 1:59pm Oct 4, 2012 1:59pm
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- Oct 5, 2012 4:07am Oct 5, 2012 4:07am
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- Oct 5, 2012 4:56am Oct 5, 2012 4:56am
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- Edited at 3:08pm Oct 7, 2012 2:58pm | Edited at 3:08pm
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All systems of divination, like music itself,work through patterns.
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- Oct 11, 2012 12:01pm Oct 11, 2012 12:01pm
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- Oct 12, 2012 5:21am Oct 12, 2012 5:21am
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Jumped in slightly early as there was a small pocket of M15 supply on the way to the level. Sat through a little bit of drawdown but now in business. 
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- Edited at 3:01pm Oct 15, 2012 2:50pm | Edited at 3:01pm
nzd/usd short @ 4h supply into daily supply, getting out @ nearest demand zone
edit"[email protected]/e"
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- Oct 15, 2012 4:44pm Oct 15, 2012 4:44pm
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A 1 pip gain is better than a 1 pip loss.
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- Oct 15, 2012 6:05pm Oct 15, 2012 6:05pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
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- Oct 16, 2012 6:48am Oct 16, 2012 6:48am
- Joined Aug 2012 | Status: Member | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- Post #28,776
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- Dec 1, 2012 2:29pm Dec 1, 2012 2:29pm
This is how I see GU being played out in 2012 -
Attachment 904877
Now I could be wrong and this is certainly not set in stone, but I am basing my prediction on weekly supply/demand levels. Look where I have price turning... fresh engulfing patterns.
I will come back at the end of this year to see how close I was or how badly wrong I got it. Like I said, it is not in stone. Anything can happen between now and then and it is imperative that if price tells you that your prediction is wrong, get out, re-evaluate and let the chart do...
BB!
Was re-reading some post here and found this one from you, very nice work!
Anytime , any timeframe ...!
Thank You!
Mel
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- Edited Dec 16, 2012 5:09pm Dec 15, 2012 10:51pm | Edited Dec 16, 2012 5:09pm
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- Post #28,779
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- Dec 17, 2012 9:14am Dec 17, 2012 9:14am
I'll just post back here for now...when I can.
Charts are limited in nature. The market does not hide, it can not hide.
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- Dec 17, 2012 9:21am Dec 17, 2012 9:21am
Charts are limited in nature. The market does not hide, it can not hide.