{quote} Sifu we haven't been talking/discuss about this!Same view, different entry point! {image} {image} -AdrianC.
It's all started from page one
- #76,222
- Sep 23, 2014 4:16am Sep 23, 2014 4:16am
- | Joined May 2014 | Status: Trader | 2,733 Posts
Donde hay Patron no manda Marinero
- #76,223
- Sep 23, 2014 4:46am Sep 23, 2014 4:46am
- | Joined May 2014 | Status: Trader | 2,733 Posts
Donde hay Patron no manda Marinero
- #76,227
- Sep 23, 2014 4:55am Sep 23, 2014 4:55am
- | Joined May 2014 | Status: Trader | 2,733 Posts
Donde hay Patron no manda Marinero
- #76,228
- Sep 23, 2014 5:06am Sep 23, 2014 5:06am
- | Joined May 2014 | Status: Trader | 2,733 Posts
Pre LS clasic on EURUSD, already in the green and running {image}
I closed before. I'm a wimp.
Donde hay Patron no manda Marinero
- #76,235
- Edited 11:43am Sep 23, 2014 10:55am | Edited 11:43am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Tah, could you tell me what makes you fold a trade when ure counter trading? What should we look out for so we know it wont go our way?
As you can see from your own Ucad chart, the MMs are whipping it up further, bound and determined to load up on shorts above the RWH area before pulling the rug. So, you see that the volume analysis has yet to play out with bearish PA, although the weakness in the up bars continues.
To answer your question, I guess the answer is that when in a counter trend trade, be cognizant of every nearby S&R in the direction of your trade (Levels, Pivots, local SR, FR retrace levels, etc.) and if price stalls at one of them and the volume seems to be high at the stall area, and you have some pips profit, then you might consider closing the trade.
And, by the way, this works also for non-counter trend trades.
The goal is not to walk away from the trading with the trophy for the most pips gained (average) for a single trade. The goal is to be able to walk away with the least pips lost from all trades!
-tah
- #76,236
- Sep 23, 2014 12:13pm Sep 23, 2014 12:13pm
- Joined Apr 2013 | Status: Trader | 1,926 Posts
{quote} GBPUSD M15 Hi Gupito, You would be so kind as to illustrate a chart, how the PVSRA has shown bearish GBPUSD? Thanks. PD: Excuse me, if no pick, no post ... then I pick. {image}
Hi Patron,
i'm not Gupito, so i hope i don't mind for my words.
for long time i'm not posting and only time to time i've sneak into here.
As Gupito said... bull but was sitting on dragon, and also in the área identifyied by you, you can see price going up with decreasing volume (most of the time) this mean no buying interest. no interest on higher prices... exaustion. at the top, you can see a purple candle (climatic candle), followed by by triple top with lower consecutive volume. Bear sign.
then is just wait for the fall...
again... hope you don't mine my intrusion. and i might be wrong
If you don't know how to earn money, don't loose it.
- #76,239
- Sep 23, 2014 1:24pm Sep 23, 2014 1:24pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
