This is a trade I am in. NZD/JPY. Charts worth a thousand words{image} {image} g.
Although it's kinna choppy there... But price made us clear that it doesnt want to go south...
It's all psychology...
- #962
- Oct 3, 2013 1:55am Oct 3, 2013 1:55am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Why do think price will not stall near those bar low levels (see figure) ? Neytiri {image}
Does this help?
g.
I believe . . .
Hi Ghous, nice thread, really.
I saw your video about fake and break out, I am very interested about rounded track which you mentioned, may I request more detailed explanation why
you prefer rounded track on pull back. I also insert a picture about deceleration on pullback.
I haven't read james16 and Fail Better thread and neither things about Order Flow.
That acceleration topic is also suit to strengthen your fakey setup.
Please also comment picture below, my friend. (about acceleration vs deceleration/compression; and about my question there)
cheers
I saw your video about fake and break out, I am very interested about rounded track which you mentioned, may I request more detailed explanation why
you prefer rounded track on pull back. I also insert a picture about deceleration on pullback.
I haven't read james16 and Fail Better thread and neither things about Order Flow.
That acceleration topic is also suit to strengthen your fakey setup.
Please also comment picture below, my friend. (about acceleration vs deceleration/compression; and about my question there)
cheers
- #965
- Oct 3, 2013 5:13am Oct 3, 2013 5:13am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Not that I am expecting it to totally blast off, but I do believe the story here is strong enough to push price through the region it is currently at. {image} Does this help? g.
g.
I believe . . .
- #966
- Oct 3, 2013 5:14am Oct 3, 2013 5:14am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #967
- Oct 3, 2013 5:15am Oct 3, 2013 5:15am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #968
- Oct 3, 2013 12:05pm Oct 3, 2013 12:05pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} Couldn't pull the trigger on the daily as price as price wasn't able to close above 8740. I am looking forward to a 4H thrust upwards that can possibly take us beyond the 8740 which might then get me interested. g.
g.
I believe . . .
- #969
- Oct 3, 2013 12:11pm Oct 3, 2013 12:11pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #972
- Oct 4, 2013 12:50am Oct 4, 2013 12:50am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Here's a scenario I am watching with interest.
Nice implicit divergence on the daily, And yesterday's fake out has gotten me to sit up.
g.
Nice implicit divergence on the daily, And yesterday's fake out has gotten me to sit up.
g.
I believe . . .
- #973
- Oct 4, 2013 12:51am Oct 4, 2013 12:51am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} O.K. Now I understand why you took that trade
How do you like your DJI?
g.
I believe . . .
{quote} Hey Digu, The idea that I was portraying in that video is that the most obvious fake out scenarios are where you get action reminiscent of a "spike" characterized by a sharp move through followed by an equally sharp rejection back into the swing point. Any kind of a delayed pull back, may it be rounded, or one of your "decelerating" instances, with evidence of a holdup at the prior breakout point makes up for a breakout story. As for your second question, again I am not really looking at the shape of the move that pulls back to the LLS/HHR...
I am still re-reading previous page and word "vacuum" still interest me much, later I will ask transaction mechanism taken by trader (sure knowing how transmission work doesn't means he is an expert driver).
It is my take on USD/CAD
how do you think? If price really climbs up, when is right time to move my SL, or to quit instantly?
GBP/USD, god in my beginning process learning with you, I am already taken "not a fake bar"
just can't decline that Pin Bar
Continueing off post #964.
A rejection of the LL, a build up of support on the 'breaky' side. I'll not post anymore of these on this thread as it's a pure 'fakey' thread and not a 'breaky' thread but It's important that you can make up your mind if it's a fakey or breaky.
A rejection of the LL, a build up of support on the 'breaky' side. I'll not post anymore of these on this thread as it's a pure 'fakey' thread and not a 'breaky' thread but It's important that you can make up your mind if it's a fakey or breaky.
Enter Signature
Continueing off post #964. A rejection of the LL, a build up of support on the 'breaky' side. I'll not post anymore of these on this thread as it's a pure 'fakey' thread and not a 'breaky' thread but It's important that you can make up your mind if it's a fakey or breaky. {image} {image}
I think you have coined a new name for a setup. I am not saying this sarcastically Neytiri wants to trade for a living......
Hehe, and all this was on DEMO!! ...I traded demo for a while and while it's good for learning and everyone should start on demo, there is NO way that demo simulates live account; and by that I mean the emotions involved when real money is at stake.
So far I've seen some nice fakey setups developing on daily, but when I go to pull the trigger I still have doubts and what if this happens and what if that happens... you're right that you need to have confidence in your setup/approach and just stick to the plan. Sticking to your plan doesn't guarantee success by any means, but deviating from your plan (unless ofcourse you have good reason to) will probably lower your chances of success.
Right now I'm trying to get more comfortable with this fakey approach and hopefully see some profits