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Keroro0o0o's S&D + PA trading

  • #861
  • Mar 2, 2014 11:00pm Mar 2, 2014 11:00pm
Quoting keroro0o0o
Au: {image} {image} {image}
Update:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #862
  • Mar 3, 2014 4:12am Mar 3, 2014 4:12am
Quoting keroro0o0o
{quote} Update: {image}
Geeze...TP 1 missed by 1 pip, stopped out @ +15
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #863
  • Mar 3, 2014 7:07am Mar 3, 2014 7:07am
Quoting keroro0o0o
{quote} Geeze...TP 1 missed by 1 pip, stopped out @ +15
AU trade:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #864
  • Mar 3, 2014 7:10am Mar 3, 2014 7:10am
EA trade:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #865
  • Mar 3, 2014 10:05am Mar 3, 2014 10:05am
GJ BE trade:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #866
  • Mar 3, 2014 10:06am Mar 3, 2014 10:06am
Quite a frustrating day for me, gave back quite a handful of pips....Have to work on trade management..
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #867
  • Edited 10:50am Mar 3, 2014 10:32am | Edited 10:50am
Greetings

Lovely charts here, Balhana and Keroroo esp. (is it ok if I spell it like that?)

Hopefully, I can post some charts here and questions.

I was looking at GA which looked like it engulfed a Supply level indicating it wants to resume and carry on with the up trend.

However, on LTF i got shaken out and there hasn't really been much movement either way. However, looking at it i can rationalize price going either way. I guess best to wait in that case and look for a better opportunity, but thought I'd ask your view on this question of Fake-Out or Engulf. How to tell the difference? Are you ever caught in that quandary?


Thank you in advance.
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  • #868
  • Edited 11:08am Mar 3, 2014 10:51am | Edited 11:08am
EURCHF...bear trap...
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my English is not very good ...
  • #869
  • Mar 3, 2014 12:13pm Mar 3, 2014 12:13pm
Quoting livindaylite
Greetings Lovely charts here, Balhana and Keroroo esp. (is it ok if I spell it like that?) Hopefully, I can post some charts here and questions. I was looking at GA which looked like it engulfed a Supply level indicating it wants to resume and carry on with the up trend. However, on LTF i got shaken out and there hasn't really been much movement either way. However, looking at it i can rationalize price going either way. I guess best to wait in that case and look for a better opportunity, but thought I'd ask your view on this question of Fake-Out...
No clear answers to your question on FA and Engulf. When I go long based on Fake-out, right after closing the trade, sometimes flip to short based on E/PB if both engulfing and pullback momentum are not strong. Momentum analysis is very helpful to distinguish between FA and E/PB, but not always.

Anyway, I sold GA and closed 2/3 for +135 pips. Now SL @ BE-15
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  • #870
  • Mar 3, 2014 12:32pm Mar 3, 2014 12:32pm
Quoting Balhana
{quote} No clear answers to your question on FA and Engulf. When I go long based on Fake-out, right after closing the trade, sometimes flip to short based on E/PB if both engulfing and pullback momentum are not strong. Momentum analysis is very helpful to distinguish between FA and E/PB, but not always. Anyway, I sold GA and closed 2/3 for +135 pips. Now SL @ BE-15 {image} {image} {image} {image} {image} {image}
An example of weak engulf and weak pullback.
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  • #871
  • Mar 3, 2014 1:06pm Mar 3, 2014 1:06pm
Hi San,

may I ask about how you draw the TL of the channels or wedges on your charts?

I Missed the GA short you took because of wrong TL placement. I had the same top down view and zones!

Thanks and best regards
  • #872
  • Mar 3, 2014 1:32pm Mar 3, 2014 1:32pm
Quoting faheem999
Hi San, may I ask about how you draw the TL of the channels or wedges on your charts? I Missed the GA short you took because of wrong TL placement. I had the same top down view and zones! Thanks and best regards
Thank you Balhana for your view on GA and general insight on fakeout vs engulf. Food for thought indeed.
Very similar chart but we ''saw'' different things. ''Read'' price differently. I got the overall story of price wrong and got attached to seeing longs
  • #873
  • Mar 3, 2014 5:53pm Mar 3, 2014 5:53pm
Quoting Balhana
{quote} No clear answers to your question on FA and Engulf. When I go long based on Fake-out, right after closing the trade, sometimes flip to short based on E/PB if both engulfing and pullback momentum are not strong. Momentum analysis is very helpful to distinguish between FA and E/PB, but not always. Anyway, I sold GA and closed 2/3 for +135 pips. Now SL @ BE-15 {image} {image} {image} {image} {image} {image}
Thanks Sang for summing it up perfectly. I was looking at GA but didnt short coz as u said it was too aggressive. Shorted EA instead, closed 2/3 for 120 pips, and got stop hunted for BE+12, now final TP would've been hit.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #874
  • Mar 3, 2014 9:40pm Mar 3, 2014 9:40pm
Quoting keroro0o0o
{quote} Thanks Sang for summing it up perfectly. I was looking at GA but didnt short coz as u said it was too aggressive. Shorted EA instead, closed 2/3 for 120 pips, and got stop hunted for BE+12, now final TP would've been hit.
Took this AU short before the news release, and got spiked out...let's see if it goes to my targets. BiT**!!!
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #875
  • Edited 4:59am Mar 4, 2014 4:39am | Edited 4:59am
Hi Keroro

May I ask you an opinion about this price configuration on GBPUSD H1?

Is this a valid Whipsaw Engulfing?

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I went down to M5 - M1 but didn't recognize any possible LTF entry with tighter stop. Do you see something tradable in hindsight?

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Edit: it did a nice pullback at 1.6678 at that sr line, but didn't got the feeling for it
  • #876
  • Mar 4, 2014 7:11am Mar 4, 2014 7:11am
Quoting Ainur
Hi Keroro May I ask you an opinion about this price configuration on GBPUSD H1? Is this a valid Whipsaw Engulfing? {image} I went down to M5 - M1 but didn't recognize any possible LTF entry with tighter stop. Do you see something tradable in hindsight? {image} Edit: it did a nice pullback at 1.6678 at that sr line, but didn't got the feeling for it
Hi Ainur,

I'll let the chart do the talking:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #877
  • Mar 4, 2014 8:19am Mar 4, 2014 8:19am
GOLD trade:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #878
  • Mar 4, 2014 6:51pm Mar 4, 2014 6:51pm
GJ:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #879
  • Mar 5, 2014 2:11am Mar 5, 2014 2:11am
Quoting keroro0o0o
GJ: {image} {image}
Stopped out.
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #880
  • Mar 5, 2014 4:05am Mar 5, 2014 4:05am
Beartrap occured below support could lead to an up move?

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