123PatternsV6 revisited

Quoting lastingwell

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Hello Dee, I downloaded your template to see if I could learn a thing or two from your trades which I've always admired, I opened an Ironfx demo so that I could see exactly what you see. I put the template on and found a lot of your trades don't match up to your posts (the arrows etc are still on the template) and just wondering how that could happen? This is what I mean, this one I noticed from this post with the image of EU: http://www.forexfactory.com/showthre...75#post7621775 whereas when I put the template on, if you hover...

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Quoting dee50

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{quote} You will have to ask a Techy person. I do appear to have a problem that I was not aware of but it is no biggy as long as the terminal and statements show the right numbers, I am not at all bothered but thanks for bringing it to my attention. I checked my last trades and found the same thing. Hover the pointer over the arrow and it says I went short @ 1.31738, the terminal reveals what actually happened, that's good enough for me! Fortunately Spot Forex is not my main trading account, but to be fair, I think this is more to do with the very...

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Quoting dee50

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What a Dick Head. If you had looked at this chart yesterday, would you have gone short? I did, why? Because I allowed myself to be sucked into the market hype instead of taking note of what the charts were telling me. Optimistic, I thought, Brain dead Hype Zombie is what I was. Fortunately I got out clean but more from luck than good judgement. {image}

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Quoting geomoon

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{quote} Waw.... so with all of your experience you still think that it's better to listen to the chart instead of any news or analyses ? right ?

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Quoting dee50

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Draghi Does It Again. EU +71 +126 I entered an hour before the announcement as price broke thru the bottom of the triangle. I was prepared to risk a 15 pip SL against Draghi because of this, the expectation of a 10bps cut and a Dovish Draghi, along with all the bad news coming out of the euro zone there was only one way, Down. Danske's statement was a bit ambiguous but none the less confirmed what I was thinking. {image} Rather strangely the published expectation was for No Change, Go figure {image} {image}

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Quoting dee50

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ECB today NFP tomorrow. Have you prepared your strategy? Need a little guidance. They talked about this on the 28/08/14 {image} They have not changed their minds today {image} Check out how they moved their EU stop loss to B/E +21 to protect the profit. {image} You are not alone, although it often seems like you are talking to yourself.

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Quoting dee50

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{quote} Yes and No. Technical Analysis is often right and often wrong. Some News moves the market and other news does not. Sometimes the market moves with Sentiment and some times it does the opposite. The one thing you can be sure of is that if you wait the chart will show you which way the market is going to go. (Note to me) Best way I can answer is to show you what I ignored and what I got wrong. My biggest mistake was that I completely missed off the Major S&R level at 1.3115, I mark up a separate Daily chart with nothing on it and then copy...

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Quoting geomoon

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{quote} Take it easy on your self Dee.... you are still among the best traders who can kick the market in the **s. as you said waiting for the chart to show you the way is the most important thing and most of traders including me won't wait till that time and that's were losses come. Green pips to you . Cheers

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Quoting samsungs3

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{quote} Hi Dee50, Could u help to show where u download {image} FXStrategy_EUR_270814.pdf ? since I go to this website http://www-2.danskebank.com/danskeresearch only find dansekdailyupdate and technical update but could not find FXstrategy ?

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Quoting TheScorpS

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{quote} Great Dee, I wish I could understand the market sentiment regarding news before the storm , but trying to start, I am reading Wall Street Journal but still don't know how to interrupt news information and get some pieces before the release

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Quoting dee50

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{quote} Thanks for the vote of confidence, but I have to be hard on myself because there is no one else to kick me up the **s. It is when I get soft with myself that I make stupid mistakes. Every trade I make, win or lose gets analysed at the end of every day, I mark up the chart, highlite what I missed what I did not see, then the chart is saved and is placed in 1 of 2 folders. 1 folder is for the good charts where I did not miss any thing, that folder is quite small, folder no2 contains the charts where I missed stuff, this one is quite large...

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Quoting dee50

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{quote} Sorry for taking so long to respond to you, had to attend a funeral later on Friday morning. I wish I could tell you that there is an easy way to interpret News prior to the announcement, but there is not. It is a bit like doing a Jigsaw, except some of the key pieces have been hidden and you have to find them first before being able to proceed. I am going to give some thought to this and see if I can organise the process I go through, enough so that I can write it down. In the mean time things like this report contribute to the process...

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