{quote} ok thanks, greetings, continue collaborating each the other
Never said I was Batman,all I'm saying is you'll never see us together.
Ratios & Harmonics: a Different Way to Trade
- #9,681
- Jul 17, 2014 7:44pm Jul 17, 2014 7:44pm
- #9,684
- Jul 17, 2014 8:43pm Jul 17, 2014 8:43pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #9,685
- Jul 17, 2014 8:45pm Jul 17, 2014 8:45pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #9,686
- Jul 17, 2014 8:47pm Jul 17, 2014 8:47pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #9,687
- Jul 17, 2014 8:51pm Jul 17, 2014 8:51pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #9,688
- Edited 9:07pm Jul 17, 2014 8:55pm | Edited 9:07pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
EURNZD M15 Perspective :- A Bat in the making and is in the final leg formation of it. The Price has run into a wider supply zone at and above 1.55565 all the way to 1.55960. This zone used to be a demand zone till price tanked below it and now the role has reversed for the zone. After three failure tries, I think the AB=CD formation is finally ruled out.(atleast as of now). Now it is possible for the price to tank below the 50% mark which is the immediate demand zone and go to the next demand zone at 88.6. This is also around the 161.8% of the...
In my past job, I had to take an effective communication course for managers so I'm going to try and give you what’s called a "shit sandwich" (Pardon my french). First I start with some good news and spread some happy happy feeling then I'm going to fill it with the shit. All the negative and criticism. Then for the finally, I'm going to slap it together with some more positive reinforcement and encouragement. Cool? If not, stop here and delete post. And yes, I have been drinking. haha!
1) Happy Happy Feelings: - You’re doing a great job and you’re asking the right questions. I like the way you have been trading and by some of your trades results, you’re doing a fantastic job.
2) The Shit: - There’s 2 mistakes that I've noticed.
First, well in my opinion, you were a little too eager to get in the trade. There was an area of support or challenge just below entry. It wasn't strong at first but grew in strength with the recent activity. I highlighted with green circles you should have looked for entry. The higher one would have gotten you a better deal and would have optimized your risk vs reward. While the second entry would have been a bit more expensive, at least you would have confirmation of direction with the breakout (in the short/medium term) but there were too many barriers lowering the probability of success. Even though these entries didn’t work out, these were the areas you should have been looking for bearish evidence and Bull weakness.
Sometimes, the hardest thing to do is sit on your hands and wait. maybe it would work out, maybe not. But make sure the analysis is complete and wait for the best entry to optimize reward.
Second, compared with the other swings, price was telling you that it did not want to make another low. Instead of approaching structure with strength, Price decelerated and was rejected twice where it stalled out and eventually reversed. In the other attempts. Price moved down sharply and was rejected sharply. Personally, I like to wait for until either one of the Bears or Bulls is weak or the other is strong. Just to optimize the probability of success. This is harder said than done.
3) Positive enforcement: - Again you’re doing very well. It takes a lot of time to read the charts well and the experience to recognize certain situations. With time you will master the art. You recognizing the patterns very well. Probably the number one thing you’re doing right is studying your mistakes and looking for answer not only to prevent same loss but to play it right next time. Keep up the good work.
and yes, its true, I was fired. Lol
This is just my view, and I could be wrong. sorry for rambling on and on and on and on. EURNZD 15m - Order Flow and Price Action
http://icmarkets.ctrader.com/images/screens/sMywn.png
EURNZD - 15m Structure Analysis. (Red = Strong / Blue = Weak)
I draw a little more structure levels then most but I like to anticipate any area of challenge
http://icmarkets.ctrader.com/images/screens/FSywn.png
- #9,689
- Jul 17, 2014 9:04pm Jul 17, 2014 9:04pm
hmmmmm this demand zone has been quite effecting in the near past.... any opinions? {image} wanna see a NSH even if its a minimal before i pull a trigger
Never said I was Batman,all I'm saying is you'll never see us together.
- #9,690
- Edited 2:52am Jul 18, 2014 1:07am | Edited 2:52am
- | Joined May 2013 | Status: Trader | 518 Posts
{quote} ......nly to prevent same loss but to play it right next time. Keep up the good work. and yes, its true, I was fired. Lol
I will try and slow things down a bit when it comes to getting down with a trade. You know, run things down across, two or three more times.
I know am gonna screw it up shitload of times before getting it.
. (I just hope I get it 
)"Effective communication course for managers"??, that was good, as for packaging the hard part/sensitive matters/criticism in the middle of some positivity, to take the edge out, he he. Thanks for doing that for my benefit.
Not too many zones, when they all seem to matter.
EURNZD - 15m Structure Analysis. (Red = Strong / Blue = Weak) I draw a little more structure levels then most but I like to anticipate any area of challenge
I follow only one person and his strategies...
- #9,691
- Jul 18, 2014 2:09am Jul 18, 2014 2:09am
Hi Mr. Pip, I jumped in on a long. hope I got price action zones are fair. had a little slippage buying{image}
closed position 1H position. toke a little profit. think I may have jumped out to soon though. since price has stalled. Taking a look at 15M US/JP. my expectation is down side. maybe up first. PZ seems to be holding.
please if you have the time to clarify PA and PZ confluence.
ps# trading yen. its cheaper to trade and so the pain is less. :nerd:
choose a job you love and you will never have to work a day in your life
- #9,694
- Jul 18, 2014 6:51am Jul 18, 2014 6:51am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} I appreciate the analysis. I should slow down a bit and take another look at the structure. What you put up as structure analysis should have been my ideal view for this pair, but I tried to fit in the pattern there, and subsequently adjusted my view for it's existence, which was flawed in itself. I will try and slow things down a bit when it comes to getting down with a trade. You know, run things down across, two or three more times. I know am gonna screw it up shitload of times before getting it.
I know am gonna screw it up shitload of times before getting it.
. (I just hope I get it ) - You will. Theres just two things you have to do. 1) Dont give up. Scroll through the charts. Heart and determination is what makes champions. 2) Patience. My goal is just to make one less mistake a day. If you follow those two rules, time will take care of experience. oh yeah, theres a third....... Dont blow your account....
{quote} Glad to help. Its good practice, for me too. Like I said, its always diffferent once your in a trade. Emotions sometimes feel like expectations and will have you second guessing. Sometimes its good, sometimes it bad. I know am gonna screw it up shitload of times before getting it.
I follow only one person and his strategies...
- #9,698
- Edited 11:24am Jul 19, 2014 10:56am | Edited 11:24am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
- #9,699
- Jul 19, 2014 11:56am Jul 19, 2014 11:56am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
