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  • #641
  • Jun 14, 2013 3:47am Jun 14, 2013 3:47am
Quoting andyhardwick
Here is one I am watching. Seems like a great level on the hour 4 and you can see what it looks like on the 15 min. I want to get to the stage where I am confident enough to place POs always and if the zone doesnt warrant a PO then skip it. I am also playing with making sure that I can get 1:3 r/r by the next major S/D zone and just leaving it to either hit the stop or the target. I see so may retests that taking some off or moving to BE seems less and less attractive. 50% winrate at 1:3 is enough to make a fortune and seems very achievable by...
Hi Andy,

Done some analysis on the 1D/4H chart. the 15mins chart doesn't really look good imo, but 1D/4H is clear enough.

1D chart:
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4H chart:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #642
  • Jun 14, 2013 3:56am Jun 14, 2013 3:56am
yeah that does make sense about seeing the wicks showing demand. Why would the doji specifically be a problem?
  • #643
  • Jun 14, 2013 4:28am Jun 14, 2013 4:28am
Quoting andyhardwick
yeah that does make sense about seeing the wicks showing demand. Why would the doji specifically be a problem?
Doji means indecision, and they're very informative at critical levels. That level I marked was an important level, was respected by a few touches (on the 1D chart), plus it's a round number 96.000. Doji there meant there was indecision between buyers/sellers, whether the price is too expensive/cheap at that level. And the next day, price broke down, ended up closing as a "Pinbar" which had a negative close. IF we can't break the high of yesterday's Pinbar, I would be very very cautious about any longs.

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #644
  • Jun 14, 2013 6:09am Jun 14, 2013 6:09am
Yeah ok makes sense thanks. Here is a nice bit of compression for you and looks like a good trade

Attached Image (click to enlarge)
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  • #645
  • Jun 14, 2013 6:11am Jun 14, 2013 6:11am
Quoting andyhardwick
Yeah ok makes sense thanks. Here is a nice bit of compression for you and looks like a good trade {image}
Watching it like a hawk. Haha. But it's Friday. I'll be cautious.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #646
  • Edited 9:30am Jun 14, 2013 6:53am | Edited 9:30am
Quoting keroro0o0o
{quote} Update: Closed manually as don't like the compression towards the demand/flag limit, though it's the 4th test. {image}

Update: Made the right decision to close the trade. Maybe will look for buying oppurtunity on pullback, not sure. Will see.

Attached Image (click to enlarge)
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Update 2: Ooops, apparently, it went further down. Anyway, happy with the trade.
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #647
  • Edited 8:05am Jun 14, 2013 7:10am | Edited 8:05am
New PO: GBPUSD Sell

Attached Image (click to enlarge)
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*Screenshot on demo chart to show the reasons for trade.

Update: Missed the PO by 3 pips, and a quick reaction. It's late Friday, so took the PO off and call it a week.
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #648
  • Edited Jun 15, 2013 12:16am Jun 14, 2013 9:12am | Edited Jun 15, 2013 12:16am
New PO: AUDJPY buy


This will be an attempt to catch the "bottom", and try to hold for big gains. Hope I have the patience for it. Let's see if it gets triggered.

30mins chart:
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Bigger picture:
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*TP not yet finalized. Will depend on my patience if the trade works out. We'll see.

Update: Price went 4 pips below my PO, but didn't trigger. Was it because of the spread??
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #649
  • Jun 14, 2013 9:47am Jun 14, 2013 9:47am
lovely trades , well done (no joking this week)
  • #650
  • Jun 14, 2013 10:01am Jun 14, 2013 10:01am
Quoting stricky1967
lovely trades , well done (no joking this week)
Haha thanks alot buddy. You're welcome to joke anytime you want. No hard feelings. No worries.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #651
  • Jun 14, 2013 5:40pm Jun 14, 2013 5:40pm
Quoting andyhardwick
Yeah ok makes sense thanks. Here is a nice bit of compression for you and looks like a good trade {image}
Worked like an absolute charm


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  • #652
  • Jun 14, 2013 10:14pm Jun 14, 2013 10:14pm
Quoting andyhardwick
{quote} Worked like an absolute charm {image}
Ya,simply lovely. Didnt take it though. Haha.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #653
  • Jun 14, 2013 10:20pm Jun 14, 2013 10:20pm
I didn't either but only coz not live yet. Any particular reason you didnt? Seemed like an A grade trade...
  • #654
  • Jun 15, 2013 12:14am Jun 15, 2013 12:14am
Quoting andyhardwick
I didn't either but only coz not live yet. Any particular reason you didnt? Seemed like an A grade trade...
This, and also, the compression looked too much like an ascending triangle, which makes me weary, plus, it's Friday. No worries, plenty of oppurtunities to be taken.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #655
  • Edited 5:59pm Jun 16, 2013 4:24pm | Edited 5:59pm
New PO: AUDUSD Sell

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Update: Took an instant loss. The level was a sub-par level, plus taken on Monday morning. Too vulnerable. Not a good trade.
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #656
  • Edited 10:36pm Jun 16, 2013 8:11pm | Edited 10:36pm
New PO: AUDUSD Buy

30mins chart:
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4H chart:
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Update: Decided to take the PO off. Analysis wasn't done on my pc... Have to stick to the plan and rules of only taking trades from analysis done on my pc. Don't have to chase any trades.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #657
  • Edited Jun 17, 2013 2:00am Jun 16, 2013 9:19pm | Edited Jun 17, 2013 2:00am
Quoting keroro0o0o
New PO: AUDJPY buy This will be an attempt to catch the "bottom", and try to hold for big gains. Hope I have the patience for it. Let's see if it gets triggered. 30mins chart: {image} Bigger picture: {image} *TP not yet finalized. Will depend on my patience if the trade works out. We'll see. Update: Price went 4 pips below my PO, but didn't trigger. Was it because of the spread?? {image}

Hmm, it seems the entry was a perfect one, bad news was it didn't trigger. Raised a "complaint" to the broker, still waiting for a reply.

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Update: Reply from Armada Markets "Lowest Ask price was 90.025, which was 0.5pips away from my PO". Bad news was, there's no way to verify the ASK price after the fact from my end. Oh well....
Attached Image
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #658
  • Edited 6:55am Jun 17, 2013 6:20am | Edited 6:55am
New trade: AUDJPY long

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Update: Manual closed after price couldn't fill the liquidity spike quickly, and rejection from BRN 91.000. Overall, don't feel comfortable with the trade because it's in the middle of Range.

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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #659
  • Edited 8:20pm Jun 17, 2013 4:25pm | Edited 8:20pm
New PO: GBPUSD Sell

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Update: Price went to first TP before getting to my PO. Cancelled the order.
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #660
  • Edited 8:24pm Jun 17, 2013 5:24pm | Edited 8:24pm
New PO: AUDUSD Sell

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 46 KB

*Also a nice 4H supply zone. Big impact news coming up. Let's see if we get a quick move towards it, and a strong rejection.

Update: Price didn't make it to my PO. Price made a nice supply zone at swap zone. Placed a new sell PO.
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Knowing is not enough; we must apply. Willing is not enough; we must do.
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