Knowing is not enough; we must apply. Willing is not enough; we must do.
- #481
- Jan 16, 2014 8:32am Jan 16, 2014 8:32am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
- #483
- Jan 16, 2014 8:34am Jan 16, 2014 8:34am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} Balhana, this is exactly what I had in mind to ask you. How do you tell that 30min Supply here is consumed? If I waited for higher high, my stop and target wouldn't be ideal to trade. I usually check 5 or 1 mins to feel that momentum or I draw any small possible trendline to use it as a trigger. But I often find it rather subjective.
Indeed..I bliv it comes with screentime (which I definitely lack of) and experience. Hesitation is one thing, but patience is the biggest problem for me. Like you, I always wanted to enter at "best price", so that RR is bigger, but it always backfired. It seemed that getting confirmed setups would be way more rewarding. Anyway, will never stop learning, and keep trading
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #484
- Jan 16, 2014 8:51am Jan 16, 2014 8:51am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
{quote} Indeed..I bliv it comes with screentime (which I definitely lack of) and experience. Hesitation is one thing, but patience is the biggest problem for me. Like you, I always wanted to enter at "best price", so that RR is bigger, but it always backfired. It seemed that getting confirmed setups would be way more rewarding. Anyway, will never stop learning, and keep trading
Momentum could give us a hint. Regarding this NU case, if price hit 30M supply with strong momentum, and retraces with weak momentum without making any strong-looking DBD, then I guess it could be "consumption". If you see strong rejection or strong DBD, it may mean there are still many sellers. Anyway, it is very hard.
{quote} To be honest, it is difficult also for me and I agree it is somewhat subjective, but believe it is much more objective than EW.
- #488
- Jan 16, 2014 9:08am Jan 16, 2014 9:08am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
EN watchlist:
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #492
- Jan 16, 2014 9:29am Jan 16, 2014 9:29am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} Sold EN and closed 2/3 for +80 pips. {image} {image}
oh damn, you took it!! I waited, and missed everything LOL. 
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #493
- Jan 16, 2014 9:34am Jan 16, 2014 9:34am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
{quote} Sold EN and closed 2/3 for +80 pips. {image} {image}
- #494
- Jan 16, 2014 9:41am Jan 16, 2014 9:41am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
{quote} Oops, I pressed the wrong button. Really closed 2/3 for +90. Got 10 more.
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #496
- Jan 16, 2014 11:04am Jan 16, 2014 11:04am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
{quote}
