{quote} Could be..I'm holding my longs. Pink area seems to be nice profit area, but time will tell, depends on price action too. {image}
Closed quick long UJ scalp +12.2 @ 2 lots
Watching for classic re-entry
Keep It Simple
- #66,661
- Mar 4, 2014 2:54am Mar 4, 2014 2:54am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Closed quick long UJ scalp +12.2 @ 2 lots
Watching for classic re-entry
- #66,662
- Mar 4, 2014 2:55am Mar 4, 2014 2:55am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #66,663
- Mar 4, 2014 3:04am Mar 4, 2014 3:04am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #66,664
- Edited 3:16am Mar 4, 2014 3:06am | Edited 3:16am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} It can look like a pullback on H1, but we don't know that until it's ready. As we know it is pretty easy to push through supply also, so to me all depends on price action.
I pay more attention to the supply area on higher t/f"s 1hr & 4ht than 15m, of course for resistance/targets for the reason you stated.
Keep It Simple
- #66,667
- Mar 4, 2014 3:30am Mar 4, 2014 3:30am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Keep It Simple
- #66,668
- Mar 4, 2014 3:41am Mar 4, 2014 3:41am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
{quote} why so early ? It looks like a classic to me {image}
You might be right about Classic, but I'm already happy with my profits for now...
I see two possibilities... Neither is ready formed Classic yet.
I know the secret...
- #66,669
- Mar 4, 2014 3:49am Mar 4, 2014 3:49am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
{quote} Because next it was heading down
i'll post chart soon.
sorry for my comments,,,
If you don't know how to earn money, don't loose it.
{quote} Because next it was heading down
I have a short opened as well from a few days back !!! We'll see what happens !!
- #66,671
- Mar 4, 2014 3:55am Mar 4, 2014 3:55am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
If you don't know how to earn money, don't loose it.
{quote} Yours seems to be forming below the Dragon, IMO. I personally watch for this; JRissa, can of course answer you better as to the reason GU closed. {image}
I'm not saying that not the direction ..just that i do not see a classic entry there
- #66,673
- Edited 4:59am Mar 4, 2014 4:21am | Edited 4:59am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Maybe i am wrong on this one but as far as I know in order to be consider a classic sonic entry the price has to cross the dragon first and then go back up ..and in your case it barely touched it ! I'm not saying that not the direction ..just that i do not see a classic entry there
I pay more attention to the Sonic R. PA Waves L-H-HL for longs and H-L-LH for shorts (1-2-3 put another way), just my method and it works for me and I have been observing the 1-2-3 patterns for a long time. Just part of the whole picture before entering any trade.
Maybe not a classic by definition and formations can be somewhat subjective to each trader. Some see what others don't......... It's work in progress for me!Below charts posted earlier by TAH. He and others here are certainly the Masters of finding Classic formations.
Keep It Simple
Reload the bullet at "loading zone" as expected. Dragon, Trend line and pivot support my view {image}
I will wear "bulletproof vest" by moving SL sightly above average price.Not sure when the train exit the "loading zone" ... the longer staying, the further travelling
- #66,676
- Mar 4, 2014 5:09am Mar 4, 2014 5:09am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
UJ - long. {image}
Whatever is obvious is obviously wrong!"
- #66,677
- Mar 4, 2014 5:10am Mar 4, 2014 5:10am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
GJ - long. {image}
Whatever is obvious is obviously wrong!"
- #66,679
- Edited 5:29am Mar 4, 2014 5:16am | Edited 5:29am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} GJ - closed for 4065 pips gain
And off to the bank
Why don't you, JRissa and TAH buy MetaQuotes and get rid of this build......
MM's gonna put out a hit for the 3 of you...
your draining their banks......
Keep It Simple
MM is poor