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Consequence Pilot Level Trading

  • #41
  • Sep 10, 2014 2:30am Sep 10, 2014 2:30am
who can show the last recent valid EL's for the moment..
Passion, Persist, Patience, Protect
  • #42
  • Sep 10, 2014 2:35am Sep 10, 2014 2:35am
Quoting FXEmpire
{quote} valid question.. answer.. too tight of a range and not a quite clear loop.. also wanted to see some kind of a movement in Franky before getting wet..

Thank you, but could you please explain exactly, what a " quite clear loop " means.
  • #43
  • Sep 10, 2014 2:38am Sep 10, 2014 2:38am
Quoting FXEmpire
who can show the last recent valid EL's for the moment..
im not sure is it the one on top? or below ?
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  • #44
  • Sep 10, 2014 2:39am Sep 10, 2014 2:39am
would these be them?
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He who knows when he can fight and when he cannot, will be victorious.
  • #45
  • Sep 10, 2014 2:48am Sep 10, 2014 2:48am
Quoting Traffex
{quote} Thank you, but could you please explain exactly, what a " quite clear loop " means.

like a inside gap... for example for a bear EL.. you need at least couple of bull candle forming before dropping for EL break.. the gap between the couple or a few bull candle and bear candle resumes create this inside gap.. watch the chart example,, the blue shades are the loop gap.. some from yesterdays and the live ones now happening..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 70 KB
Passion, Persist, Patience, Protect
  • #46
  • Sep 10, 2014 2:53am Sep 10, 2014 2:53am
Quoting tehO
{quote} im not sure is it the one on top? or below ? {image}

it's not bad.. short one is correct.. but the upper long one is invalid just now as the new one lower has been created.. watch my previous chart..
good job though
Passion, Persist, Patience, Protect
  • #47
  • Sep 10, 2014 2:54am Sep 10, 2014 2:54am
Quoting TheDDReport
would these be them? {image}
right on..


to all..
guys try to keep your old EL's on the chart..
Passion, Persist, Patience, Protect
  • #48
  • Sep 10, 2014 2:59am Sep 10, 2014 2:59am
long triggered..
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Click to Enlarge Name: EURUSD.IM5.png Size: 70 KB
Passion, Persist, Patience, Protect
  • #49
  • Sep 10, 2014 3:01am Sep 10, 2014 3:01am
Quoting FXEmpire
{quote} like a inside gap... for example for a bear EL.. you need at least couple of bull candle forming before dropping for EL break.. the gap between the couple or a few bull candle and bear candle resumes create this inside gap.. watch the chart example,, the blue shades are the loop gap.. some from yesterdays and the live ones now happening.. {image}

I understand now, many thanks.
  • #50
  • Sep 10, 2014 3:03am Sep 10, 2014 3:03am
I took the same trade with a TP = 5 pips, there is the 61,8 % Fibo-Retracement
  • #51
  • Sep 10, 2014 3:05am Sep 10, 2014 3:05am
I missed the one for 0.2 pips...
  • #52
  • Sep 10, 2014 3:10am Sep 10, 2014 3:10am
Quoting Forex Lion
I missed the one for 0.2 pips...
now triggered
  • #53
  • Sep 10, 2014 3:13am Sep 10, 2014 3:13am
ok I closed this on the resume back for a BE result..

this is a good live example of a defend play...

price may shoot up.. but i can give a rats ass.. it did not shoot up when i want it too.. showed weakness post my trigger and on the resume back made jittery play.. but in the hindsight it shows a strong 5m bull candle, lol..

next trade..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.IM5.png Size: 68 KB
Passion, Persist, Patience, Protect
  • #54
  • Sep 10, 2014 3:15am Sep 10, 2014 3:15am
Quoting FXEmpire
ok I closed this on the resume back for a BE result.. this is a good live example of a defend play... price may shoot up.. but i can give a rats ass.. it did not shoot up when i want it too.. showed weakness post my trigger and on the resume back made jittery play.. but in the hindsight it shows a strong 5m bull candle, lol.. next trade.. {image}

Hi FXEmpire,

what buy EL you wil use now?...the old one on the top?
  • #55
  • Sep 10, 2014 3:15am Sep 10, 2014 3:15am
TP reached = 5 pips.
  • #56
  • Sep 10, 2014 3:19am Sep 10, 2014 3:19am
Quoting FXEmpire
ok I closed this on the resume back for a BE result.. this is a good live example of a defend play... price may shoot up.. but i can give a rats ass.. it did not shoot up when i want it too.. showed weakness post my trigger and on the resume back made jittery play.. but in the hindsight it shows a strong 5m bull candle, lol.. next trade.. {image}

I considered to do the same, but in this moment the move continued and I let it go.
  • #57
  • Sep 10, 2014 3:21am Sep 10, 2014 3:21am
Quoting FXEmpire
ok I closed this on the resume back for a BE result.. this is a good live example of a defend play... price may shoot up.. but i can give a rats ass.. it did not shoot up when i want it too.. showed weakness post my trigger and on the resume back made jittery play.. but in the hindsight it shows a strong 5m bull candle, lol.. next trade.. {image}
Hey FXEmpire. I like this scalping strategy. I've started demoing it and will continue to do so for a while.

I take it from your last trade that once your trade has failed at a level, you will not trade that same level again?
  • #58
  • Sep 10, 2014 3:25am Sep 10, 2014 3:25am
I think im done for the night. Started off a little tough but snagged a nice short on the cable just now and reach 15 pips on the day. FXEmpire if you could please analysis my trades and tell me which ones were valid and which werent that would be great & thanks again for teaching this. first time scalping has ever made since to me.

of coarse should have held on to short a little longer...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-09-10 at 2.23.25 AM.png Size: 121 KB
He who knows when he can fight and when he cannot, will be victorious.
  • #59
  • Sep 10, 2014 3:32am Sep 10, 2014 3:32am
Do u have a template ?

thank you
No more Fight, the victory has come...
  • #60
  • Sep 10, 2014 3:46am Sep 10, 2014 3:46am
Quoting Traffex
{quote} I considered to do the same, but in this moment the move continued and I let it go.

great job you did good..
I just stay careful as I trade large lots on my other account where it duplicate the same on the TE account.. so I look for clean winners..
Passion, Persist, Patience, Protect
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