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EUR/JPY

  • #521
  • Jan 8, 2014 9:19pm Jan 8, 2014 9:19pm
I am also in this trade going long and my profit will be at the DPP because the trend is still down and I give major respect for those Daily Pivots..
The Dove - Forex Trainer
  • #522
  • Jan 8, 2014 9:20pm Jan 8, 2014 9:20pm
Quoting horuxito
{quote} That resistance (142.47) was tested by 2 1H candles or 3 30M candles and during that time they kept above the smallest mid support. I guess here is where the trade management comes into place. The discipline to pursuit the 40 pips if and when price is trading as expected.
That is correct.
The Dove - Forex Trainer
  • #523
  • Jan 8, 2014 9:23pm Jan 8, 2014 9:23pm
Quoting dove_alliance
I am also in this trade going long and my profit will be at the DPP because the trend is still down and I give major respect for those Daily Pivots..
I know price action formations are irrelevant but has yesterday's bearish pin bar dancing around the daily 76.4 anything to do with the decision to take profit at DPP?
Best time to plant a tree was 20 years ago, second best is now
  • #524
  • Jan 8, 2014 9:23pm Jan 8, 2014 9:23pm
Right now it is bumping against a resistance which is not major and can hit the Pivot but also can and more than likely slide back.
The Dove - Forex Trainer
  • #525
  • Jan 8, 2014 9:24pm Jan 8, 2014 9:24pm
Quoting horuxito
{quote} I know price action formations are irrelevant but does yesterday's bearish pin bar dancing around the daily 76.4 anything to do with the decision to take profit at DPP?
I just answered your question above.
The Dove - Forex Trainer
  • #526
  • Jan 8, 2014 9:25pm Jan 8, 2014 9:25pm
Quoting dove_alliance
Right now it is bumping against a resistance which is not major and can hit the Pivot but also can and more than likely slide back.
And that resistance is on the Daily Chart.
The Dove - Forex Trainer
  • #527
  • Jan 8, 2014 9:27pm Jan 8, 2014 9:27pm
Quoting dove_alliance
{quote} I just answered your question above.
Thanks

I am absorbing, I really appreciate.
Best time to plant a tree was 20 years ago, second best is now
  • #528
  • Jan 8, 2014 9:28pm Jan 8, 2014 9:28pm
OK -- came short of the pivot -- if it gets below the resistance which is now support I will take profit.
The Dove - Forex Trainer
  • #529
  • Jan 8, 2014 9:30pm Jan 8, 2014 9:30pm
I took profit.
The Dove - Forex Trainer
  • #530
  • Jan 8, 2014 9:32pm Jan 8, 2014 9:32pm
Quoting dove_alliance
I took profit.
Great! M30 charts are good for managing as I can see.

It was terrific observing the same levels, best lesson ever. Thank you Dove!
Best time to plant a tree was 20 years ago, second best is now
  • #531
  • Jan 8, 2014 9:35pm Jan 8, 2014 9:35pm
Quoting horuxito
{quote} Great! M30 charts are good for managing as I can see. It was terrific observing the same levels, best lesson ever. Thank you Dove!
No problem --
The Dove - Forex Trainer
  • #532
  • Jan 8, 2014 9:40pm Jan 8, 2014 9:40pm
The reason I took profit was my 1 hour showing a hit on a Paradox and was going to be short with the Pivot and was coming back.
The Dove - Forex Trainer
  • #533
  • Jan 8, 2014 9:42pm Jan 8, 2014 9:42pm
Unreal - it came 1.2 pips of the Pivot.
The Dove - Forex Trainer
  • #534
  • Jan 8, 2014 9:44pm Jan 8, 2014 9:44pm
Quoting dove_alliance
The reason I took profit was my 1 hour showing a hit on a Paradox and was going to be short with the Pivot and was coming back.
This demonstrates that trading the moment keeps you from being biased.

Are you short at resistance or is it time to wait for a new alignment?
Best time to plant a tree was 20 years ago, second best is now
  • #535
  • Jan 8, 2014 9:45pm Jan 8, 2014 9:45pm
The next 1 hour candle will replace the support back to resistance.
The Dove - Forex Trainer
  • #536
  • Jan 8, 2014 9:48pm Jan 8, 2014 9:48pm
Quoting dove_alliance
The next 1 hour candle will replace the support back to resistance.
Closes of bar inferior then 1 hour aren't reliable?
Best time to plant a tree was 20 years ago, second best is now
  • #537
  • Jan 8, 2014 9:48pm Jan 8, 2014 9:48pm
Quoting horuxito
{quote} This demonstrates that trading the moment keeps you from being biased. Are you short at resistance or is it time to wait for a new alignment?
The Paradox is still up and must realign before I make another entry. In other words a new cycle must be generated before I trade again - so - for now the fun is over.
The Dove - Forex Trainer
  • #538
  • Jan 8, 2014 9:51pm Jan 8, 2014 9:51pm
Quoting horuxito
{quote} Closes of bar inferior then 1 hour aren't reliable?
The 1 hour is your major trading chart. It is the balance between the lower and upper charts.
The Dove - Forex Trainer
  • #539
  • Jan 8, 2014 9:53pm Jan 8, 2014 9:53pm
Quoting dove_alliance
{quote} The 1 hour is your major trading chart. It is the balance between the lower and upper charts.
Excellent.

Are there any conditions in the long move tha would had made you close the longs an immediately jump in short? Sorry for so many questions hehe, but I feel like a kid in a candy store
Best time to plant a tree was 20 years ago, second best is now
  • #540
  • Jan 8, 2014 9:56pm Jan 8, 2014 9:56pm
Trading is same with anything in life. It must BALANCE. And that is what the Paradox is all about; it balances the charts in unicycles. I never trade anything below a 30 chart but used as reference for the cycles on my upper charts.
The Dove - Forex Trainer
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