DislikedYou may be wondering what stop was move early? Previous supply zone is acting as demand now. The Bears are unable to push price lower at the moment.Ignored
Let's see what happens.
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DislikedYou may be wondering what stop was move early? Previous supply zone is acting as demand now. The Bears are unable to push price lower at the moment.Ignored
DislikedBy the looks of it the
First trade was an ABCD with TP at 1:1 ratio
Second was D leg retracement TP was 61.8% retracement of AD leg
Third was what looks like an entry of the AD leg retracement level after it found support and traded back up to resistance maybe?
Fourth looks like it was an AB=CD. Trading the D retracement leg using 1:1 ratio and main swin pivot as entry and TP at support.
Im no pro but thats what it looks like to me.
By the way Mr pip. Your trading method is great. Keep it up. Easy pips!! Thanks.Ignored
DislikedRules are just rules price action will guide you to stay in the trade or take profit early. Learn to listen and watch the visual clues of price action.Ignored
DislikedHere's what caught my eye today. I only placed one trade at the top of the second bull spike on confluence of 61-76 zone of major down swing, 127-161 zone of AB and having just cleared a 1-1 AB leg. The bulls were still very strong as evidenced in that last spike up so I was paranoid of a reversal and got out on a wedge bottom on the 1 min chart. So only a whopping 4 pips for me but I'm going to study hard over the weekend and eventually become as good at spotting and reading as the pros on this forum. Biggest thing holding me back from trading...Ignored
Disliked@mr. pip
what do recommend doing in a situation like this.
where the completion of an AB=CD makes another AB=CD converging with the 38% of the first one.
do you take profit and reverse the position or do you just go with the initial pattern?
http://s11.postimage.org/uyfhv24f3/image.jpg (http://postimage.org/image/uyfhv24f3/)Ignored
Dislikedi think he uses kinetick, which is paid, which in turn uses fxcm feed. i was never able to get fxcm to work with ninjatrader, if someone has and it looks better, would appreciate to know how!Ignored
Dislikedfor anyone who wants historical tick data from 2007 + , heres a link...
http://www.strategyquant.com/tickdatadownloader/
it will create a csv file, which needs to be converted to the ninjatrader format. the python script is as follows. open it and change the user parameters, the input file (the csv file created by tick data downloader), output directory, and output file.
the output file should be of the format: $CURENCYPAIR.Last.txt , for example $EURUSD.Last.txt
execute using python by typing in the command prompt
cd /directory/where/ninja_tick_is/
python...Ignored