{quote} thx bud..still long way heheh will keep practice.. anyway pardon me from my bad english hahaha( will keep learn some basic grammar) lol
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
- | Joined Jul 2007 | Status: I deal in lead | 393 Posts
AUDJPY: {image}
- | Joined Jul 2007 | Status: I deal in lead | 393 Posts
Hmmm, my two cents on GJ short term:
That 1H SZ is holding strong. It may break, but I don't think it's a high probability trade right now. I'd be waiting on price to return to 173.60 or so for a good RR short trade.
That 1H SZ is holding strong. It may break, but I don't think it's a high probability trade right now. I'd be waiting on price to return to 173.60 or so for a good RR short trade.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Momentum is not on your side, neither Price Action... Not a great 3 drive for me, good luck anyway!! I choosed GJ instead and not looking very good, maybe I should have waited for a greater retest, but momentum got me in (don't look at TP, not decided it yet). Let's see what happens. {image} {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} Hey Keroro. Been watching the thread for awhile and slowly incorporating some of your techniques into my S/D style. I have a trade on the AJ based on hourly charts as seen below. Short from 93.65. Half came off @ 93.05 and the rest is running at SL+5 with a TP @ 92.60. {image}
The first drive that you drew on your chart, that's not a bull trap retest, that's actually a whipsaw engulfing candle. Nice catch for the short from the top. Well as I posted earlier, I'm holding long. Notice the bull pole, and the weak pullback, overall, PA looks bullish.
Also, the 3 drives that you drew, it looks forced. Remember, patterns should be obvious, and pops out. else it's only a way of convincing yourself of what you want to see.
just my 2cents.
Knowing is not enough; we must apply. Willing is not enough; we must do.
{quote} Hmm, you didn't explain your trigger for entry, i reckon it's from the compression, and the bear poles (strong momentum). Anyway, I like the PA, just not yet seeing a good trigger. GOod luck.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} Strong bear momentum + compression. I thought the first supply should have worked, but it clearly didn't. I should have waited for a more strong engulf confirmation to go short... Poor analysis. {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
AUDJPY: {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
GA missed first TP by the spread, and position got stopped out at BE+7. 
**Charts will follow when I get home.
**Charts will follow when I get home.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
GA missed first TP by the spread, and position got stopped out at BE+7.
**TP was revised slightly lower, maybe I was too greedy.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} Both targets hit. charts will be uploaded later. am at work.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Watch'n EJ for a sell, compressed low momentum retrace to engulfed base of a pole. {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} sold via 1m-BEOB .............. lets see {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Knowing is not enough; we must apply. Willing is not enough; we must do.