Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,822
- Oct 27, 2014 7:42pm Oct 27, 2014 7:42pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Hi Emmanuel, You said October month is usualy crazy, how about November? Thanks.
Hi Lydia,
One crazy month is more than I can handle.
I don't know what November will bring, but looking at the Daily ATR over 100 days, I see that increasing. I LIKE that! so I can trade both EURUSD and GBPUSD on H1 intraday.
November, is when most big corporation already know what their first 3 quarters performance is like and that will have some impact on the markets. Also the big economy will know their 3Q. GDP, so I am prepare around the news and data release dates.
Preservation of trading capital is top priority at year end and we should not return too much to the market.
Let Profits Run and also know when to Grab and Run!
Simply place the ATR available in your trading platform and set that to 100 on Day chart. That will give you a rough idea what the range is like.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,825
- Oct 27, 2014 11:05pm Oct 27, 2014 11:05pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,826
- Oct 27, 2014 11:07pm Oct 27, 2014 11:07pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Thanks emmanuel for the detailed explanation! Greatly appreciated!
You are welcome. I think by now you have found a consistent approach to tackle the market every day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,827
- Oct 27, 2014 11:17pm Oct 27, 2014 11:17pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
GBPJPY 28 Oct H1 trade.
Just after Kuroda speech, this GJ pullback from 174.00 and the next candle closed lower. A valid 3-bar bearish pattern aka PCRF.
Now Tokyo having its sushi time and we shall see what the Asian traders will do between then till London open. Too many hours till LO, many hands get itchy.
Look at PA when LO, then perhaps we get a buy setup above today' open.
Just after Kuroda speech, this GJ pullback from 174.00 and the next candle closed lower. A valid 3-bar bearish pattern aka PCRF.
Now Tokyo having its sushi time and we shall see what the Asian traders will do between then till London open. Too many hours till LO, many hands get itchy.
Look at PA when LO, then perhaps we get a buy setup above today' open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #42,828
- Oct 28, 2014 2:20am Oct 28, 2014 2:20am
GBPJPY 28 Oct H1 trade. Just after Kuroda speech, this GJ pullback from 174.00 and the next candle closed lower. A valid 3-bar bearish pattern aka PCRF. Now Tokyo having its sushi time and we shall see what the Asian traders will do between then till London open. Too many hours till LO, many hands get itchy. {image} Look at PA when LO, then perhaps we get a buy setup above today' open.
I just read this thread & find it`s really helpful. i would like to thank you and appreciate your effort. I join this thread & follow consistently. when have any questioncome to you
- #42,830
- Edited 5:37am Oct 28, 2014 2:50am | Edited 5:37am
{quote} Preservation of trading capital is top priority at year end and we should not return too much to the market.
... been a really bad month with trading for me. I might have to go back to demo trading until I sort myself out.
Learning is all about about asking the right questions!
- #42,831
- Oct 28, 2014 2:54am Oct 28, 2014 2:54am
- Joined Oct 2012 | Status: Trader | 1,813 Posts
Lost -37 pips to EA h1 yesterday. I lost my patience yesterday and paid the price. My plan for EA today {image} Feel free to comment and leave suggestions. Kindest Regards
{quote} My plan for EA is to not touch it until it gets a little bit clearer. Right now most majors are in a consolidation phase, by the end of the week they should provide a few opportunities, but for the time being it's going to be painful. In my portfolio of 16 pairs, I can't really find something half decent for the time being. What with the DST and the weekly gap there is in adjusting to winter time all over the world, markets are really crap..
- #42,833
- Oct 28, 2014 3:20am Oct 28, 2014 3:20am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #42,836
- Oct 28, 2014 3:51am Oct 28, 2014 3:51am
Wonder if phx62 captured this move on Euro Aussie. I didn't was asleep!
Where are players likely to have their stops?
Either side of high volume nodes.
When price is gradually rising, liquidity will be build in the form of stops to the underside, not possible when price is steeply rising. (highlighted in white). Same in reverse when price is steadily falling.
Big E would frequently refer to the sharpness of the hook, and steepness of the movement
Where are players likely to have their stops?
Either side of high volume nodes.
When price is gradually rising, liquidity will be build in the form of stops to the underside, not possible when price is steeply rising. (highlighted in white). Same in reverse when price is steadily falling.
Big E would frequently refer to the sharpness of the hook, and steepness of the movement
- #42,837
- Oct 28, 2014 3:59am Oct 28, 2014 3:59am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #42,838
- Oct 28, 2014 4:01am Oct 28, 2014 4:01am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
- #42,839
- Oct 28, 2014 4:08am Oct 28, 2014 4:08am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
EA short on H1 exited at support with +25 green. real chicken shown due to choppiness happened last few days.
due to choppiness happened last few days.
Appreciation is the key to wealth and happiness