Trade #1 NU TP. 
17 in total for the week so far. Waiting for LO.
Jibala
17 in total for the week so far. Waiting for LO.
Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
- Post #16,841
- Quote
- Aug 28, 2014 12:02am Aug 28, 2014 12:02am
- Joined Jun 2014 | Status: Member | 2,498 Posts
- Post #16,842
- Quote
- Aug 28, 2014 12:09am Aug 28, 2014 12:09am
{quote} ... How might you suggest I teach over a decade of trading experience? All the best, Masterrmind...........
The problem is not giving offence but taking offence!
- Post #16,844
- Quote
- Aug 28, 2014 12:36am Aug 28, 2014 12:36am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,257 Posts
Master your Mind then Master your Trades
- Post #16,845
- Quote
- Aug 28, 2014 12:53am Aug 28, 2014 12:53am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,257 Posts
Master your Mind then Master your Trades
- Post #16,846
- Quote
- Aug 28, 2014 2:25am Aug 28, 2014 2:25am
Good morning! Lets have another greed day (hopefully)!
How to understand this? Do we trade EUR today?
How to understand this? Do we trade EUR today?
- Post #16,847
- Quote
- Aug 28, 2014 2:50am Aug 28, 2014 2:50am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,257 Posts
Good morning! Lets have another greed day (hopefully)!
Technically the rules say no trading 1 hour before red news and 30 minutes after but what if its an all day event?
Strictly by the rules you'd probably not trade it however I would trade it during the day but would pay extra special attention to the FF Open and the London Open and consider missing the 1 st hour of London to at least observe any impact on the EUR currency pairs at this time.
The alternative of course is to look at trading other non-EUR related pairs.
Masterrmind..........
Master your Mind then Master your Trades
- Post #16,849
- Quote
- Aug 28, 2014 2:58am Aug 28, 2014 2:58am
- | Joined Jun 2014 | Status: Member | 576 Posts
.....a long wick hammer formed but not at the end of the retrace with the wick INSIDE however the wick OUTSIDE (as the leg) of a small retrace in the 'original' retrace........
I got a PM question what I mean by inside-outside wicks. I share the answer maybe this PA analysis is interesting to others as well.
Check out the chart attached. Only candles with long(er) wick at one side are marked. Blue ones have the wick 'inside', yellow ones have the wick 'outside' their swing. Orange ones are 'failed' ones just as with any candle pattern though I would not call them failed because this is just a game a probabilities. Any pattern just increases or decreases the probability of something.
My idea is that when trying to find hint on future PA it is not enough to check where a long wick candle closed and say if the long wick is below the candle ie. it closed high then you get confirmation for upward movement, on the contrary, if the long wick is above the candle ie. it closed low then you get conf for downward movement BUT:
it is more important where those long wicks are positioned relative to current swing/trend. As both cases may signal weakening/reversal of current trend when the long wick is inside the swing (candle terminology calls them hanging man and inverted hammer) or when it is 'outside' the swing (candle terminology calls them shooting star and hammer).
Another important fact: long wicks (on the one side) essentially show that there was very abrupt change in supply/demand in the very same period which is a sign of weakening of current trend and/or PA becoming choppy.
- Post #16,851
- Quote
- Aug 28, 2014 3:15am Aug 28, 2014 3:15am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,257 Posts
Trade #1
GBPJPY +2.5 pips
Comment: Manually closed due to price hesitation after TS was activated. It would have been out by TS otherwise!
Masterrmind...........
GBPJPY +2.5 pips
Comment: Manually closed due to price hesitation after TS was activated. It would have been out by TS otherwise!
Masterrmind...........
Master your Mind then Master your Trades
- Post #16,852
- Quote
- Aug 28, 2014 3:16am Aug 28, 2014 3:16am
EURJPY TP
The problem is not giving offence but taking offence!
- Post #16,853
- Quote
- Aug 28, 2014 3:17am Aug 28, 2014 3:17am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,257 Posts
Master your Mind then Master your Trades
- Post #16,854
- Quote
- Aug 28, 2014 3:21am Aug 28, 2014 3:21am
- | Joined Jun 2014 | Status: Member | 576 Posts
AJ LONG @.100 +5 TP
Choice made per PA big up move followed by a slow retracement above BRN.
Choice made per PA big up move followed by a slow retracement above BRN.
- Post #16,857
- Quote
- Aug 28, 2014 3:54am Aug 28, 2014 3:54am
- | Joined May 2014 | Status: member | 2,733 Posts
Donde hay Patron no manda Marinero
- Post #16,858
- Quote
- Aug 28, 2014 3:55am Aug 28, 2014 3:55am
AJ to TP
GA out by TS
and done for the day
GA out by TS
and done for the day
- Post #16,859
- Quote
- Aug 28, 2014 3:57am Aug 28, 2014 3:57am
- | Joined May 2014 | Status: member | 2,733 Posts
Donde hay Patron no manda Marinero