Counter-trend trading

Quoting AdelPC

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{quote} The most precise & detailed explanation on PA I have ever come across in my entire life .....

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Quoting tashkent

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{quote} the wick itself is not sufficient. you need to look inside of that candle and see the price action. higher TF candle does not tell you anything if you can't read what is going on inside of it. i would advise you to mark any 4 H candle and zoom in to 5 M or 1 M. analyze a few 4H candles. you will clearly see the reasons why price continued or reversed after that candle. draw horizontal lines at the body - open/close and the wicks - high/low. you will see what you are looking for the price behaves almost same during all sessions. just some...

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Quoting tashkent

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{quote} please, no need to thank me. we are here to support each other, learn and share. there are times when math does not work perfectly and times when price acts in strange ways. however these are very important components of the trading. you need to apply your knowledge differently to different markets like ranging and trending. trading is an art a trader must master through hard work. now i am thinking about that EURCAD and i assume you were right in the direction. probability of reaching my target is getting slimmer. well done on that one...

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Quoting AdelPC

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{quote} About eurcad... I've impression that oil & gold should influence CAD. Looks like this is not happening as gold & oil are weakening again. When charts suggest EURCAD is on the verge of breakout down, but we wait & wait in vein then I'm worry this is actually a signal to reverse. Taking stop-hunting in consideration, my gut feel is that EURCAD may drop only momentarily to take out stops and then move up. Besides USDCAD actually seems very bullish on D1. So, I think you're right medium term and I would close my shorts when the stop-hunt occurs....

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Quoting AdelPC

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{quote} Nice one. But sorry I missed that opportunity. Can't help thinking... if good traders keep contributing to making successful trade calls, this forum will beat the market.

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Quoting YardiFX

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Beautiful usdjpy trade.. It gave you second chance all day... Hoped you took it {quote}

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Quoting AdelPC

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{quote} hmmm... went long instead just below 108.0 to go with trend. Getting an uncomfortable feeling now trend may reverse.

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Quoting tashkent

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{quote} do not worry, long is good.

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Quoting AdelPC

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{quote} Thank you. I notice the up move is quite strong at M1 timeframe. This is to hedge some short positions that are in big drawdown.

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Quoting tashkent

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{quote} not much happening there, but expecting a big move, can happen in either direction. these lines give better illustration of what is happening {image} {image} {image} {image}

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Quoting tashkent

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watch out these lines {image}

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Quoting tashkent

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{quote} not much happening there, but expecting a big move, can happen in either direction. these lines give better illustration of what is happening {image} {image} {image} {image}

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Quoting AdelPC

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{quote} Perhaps EURCAD doesn't want to go up? Anyway, I'm too tired. Closed my USDJPY longs to sign off another bad week. Do hope it will range before plummeting. I trust (& I hope) Ullen is also keeping his shorts to fight the market together next week. Thank you all for sharing your insight and trade calls on this thread. Good night all !!

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Quoting Ullen

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Long time no see my friends! You guys able to spot where GU wants to go? {image}

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Quoting 4xPIPAHOLIC

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{quote} Hello Ullen!! I would say that the GU wants to go down...... Also can you please tell me if the JPY PRICES are real at the moment? Want to see if I am getting the idea... Thank you 4x

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