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  • #861
  • Edited 6:07am Dec 30, 2014 5:43am | Edited 6:07am
more than 128 pips jpy/usd 3 trades book profit @119.42


https://charts.mql5.com/6/598/usdjpy...g-point-of.png
don't predict direction, but dance with flow of water
  • #862
  • Dec 30, 2014 4:58pm Dec 30, 2014 4:58pm
"
Quoting priceaction1
more than 128 pips jpy/usd 3 trades book profit @119.42 {image}
"


hello price,still killing the market....am curious you dont trade uj normally why the switch....nice job..........
  • #863
  • Jan 4, 2015 8:08am Jan 4, 2015 8:08am
from grate fti.

"Market form takes into consideration a few other sidekicks apart from the conventional chart
pattern formations, in essence the volatility scales and the time scales. Basically what you
described is correct.
However, there are not rules cast in stone , so a feel for the local characteristics as well as
behavorial abnormalities couple with the understanding of market structure and immediate
impact fundamental , would give you a good feel of the market form.
If you apply prudent MM to capital ratios, with a healthy mindset to your trade habits, it
should serve you well for taming the markets.
It get better with sufficient exposure and experience.

When entrenched in a trend move, attention is paid to possibilities of
reversals and holding to attack when complimentary patterns emerges.

In a nut shell, thats the dance.

Remember that, rigidity of mindset and "magic bullet" convictions is dangerous to your
exposure, yield into the FLOW of the sequence of happenings in the charts, romance the 3
kingdoms for a feel of whats happening in the bigger picture for instrument selection.
When in doubt , bail out.
Do not be victim to conflict of the General and Commander in you".
-------------------------------------------------------
don't predict direction, but dance with flow of water
  • #864
  • Jan 6, 2015 8:22am Jan 6, 2015 8:22am
building some long.

https://charts.mql5.com/6/642/eurusd...el-markets.png
https://charts.mql5.com/6/642/gbpusd...el-markets.png
don't predict direction, but dance with flow of water
  • #865
  • Jan 6, 2015 8:36am Jan 6, 2015 8:36am
one of my best pattern almost 90% of time it work. any time frame.
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don't predict direction, but dance with flow of water
  • #866
  • Edited 9:21am Jan 6, 2015 9:01am | Edited 9:21am
Market often test any level three time . if that level hold on 4th try than some opposite action is expected. some more long added
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don't predict direction, but dance with flow of water
  • #867
  • Jan 6, 2015 9:18am Jan 6, 2015 9:18am
Quoting priceaction1
Market often test any level three time . if that level hold on forth try than some opposite action is expected. some more long added {image}
That looks like a good thought. However, Cable looks a bit better to me.
Fix up, trade sharp ...
  • #868
  • Jan 6, 2015 9:22am Jan 6, 2015 9:22am
Quoting priceaction1
Market often test any level three time . if that level hold on forth try than some opposite action is expected. some more long added {image}
EUR/USD is fundamentally driven, and it will be until almost the end of the month.
Keep an eye on Greece, even ECB is powerless.
Ionut
  • #869
  • Jan 6, 2015 10:50am Jan 6, 2015 10:50am
one more add @ 1.1915 eur/usd
don't predict direction, but dance with flow of water
  • #870
  • Jan 8, 2015 6:16am Jan 8, 2015 6:16am
Quoting priceaction1
Market often test any level three time . if that level hold on 4th try than some opposite action is expected. some more long added {image}

Hi, I know it's too late to ask, but why did you ignore these two big candles in red circles? Upward candles were very weak, downward very strong, so definitely there were much bigger probability for trend continuation, not reversal. I hope that you had tight stop loss.
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  • #871
  • Jan 9, 2015 2:46am Jan 9, 2015 2:46am
Quoting insomniawawa
{quote} Hi, I know it's too late to ask, but why did you ignore these two big candles in red circles? Upward candles were very weak, downward very strong, so definitely there were much bigger probability for trend continuation, not reversal. I hope that you had tight stop loss. {image}
yes it was,out at BE.
don't predict direction, but dance with flow of water
  • #872
  • Jan 9, 2015 2:53am Jan 9, 2015 2:53am
but I still long thought..
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don't predict direction, but dance with flow of water
  • #873
  • Jan 9, 2015 4:21am Jan 9, 2015 4:21am
Quoting priceaction1
but I still long thought.. {image}
Now it's different story, it looks like early stage of bigger correction
  • #874
  • Jan 9, 2015 9:45am Jan 9, 2015 9:45am
Quoting insomniawawa
{quote} Now it's different story, it looks like early stage of bigger correction
care to explain how is this a different story?
  • #875
  • Edited 11:49am Jan 10, 2015 10:11am | Edited 11:49am
I find it interesting that you use multiple positions.
It sort of seems like you are "feeling" things out if you know what i mean.
And it would seem you are pretty good at it.
It would be really cool to be in the same room trading together some day, discussing trades and so on.
Happy continuation!
My signature is: "Classified".
  • #876
  • Jan 10, 2015 10:54pm Jan 10, 2015 10:54pm
don't predict direction, but dance with flow of water
  • #877
  • Jan 10, 2015 10:54pm Jan 10, 2015 10:54pm
Quoting yaed
I find it interesting that you use multiple positions. It sort of seems like you are "feeling" things out if you know what i mean. And it would seem you are pretty good at it. It would be really cool to be in the same room trading together some day, discussing trades and so on. Happy continuation!
yes it is feeling, can't explain in words. and can't teach only time spending in market is the way to get this one.
don't predict direction, but dance with flow of water
  • #878
  • Edited Jan 12, 2015 2:20am Jan 11, 2015 4:09am | Edited Jan 12, 2015 2:20am
Quoting kinky
{quote} care to explain how is this a different story?

Of course, in the first case there were no demand on euro, it was typical consolidation with big downside moves. In the second case, I've seen big weakness of sellers (bars between green lines on capture 6). As I'm trading mostly on 5M charts, I could have seen that all attempts of sellers to push euro lower failed. Then market had to face up with QE rumour and again sellers failed to push euro lower, you could see nice demand on euro (capture 8). Next day there was meaningless consolidation due to NFP (candles between yellow lines on capture 6). Finally, after NFP good data for USD market dropped little bit for a while, but then recovered all losses very fast, which is final confirmation that market has no power to push euro lower now, it need bigger correction. However, you must remember that everything can change in next week. I really don't care where market goes, because I trade on 5M and 1M, sometimes 15M. I always try to play with current market flow.

Best regards!
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  • #879
  • Jan 12, 2015 9:35pm Jan 12, 2015 9:35pm
Quoting insomniawawa
{quote} Of course, in the first case there were no demand on euro, it was typical consolidation with big downside moves. In the second case, I've seen big weakness of sellers (bars between green lines on capture 6). As I'm trading mostly on 5M charts, I could have seen that all attempts of sellers to push euro lower failed. Then market had to face up with QE rumour and again sellers failed to push euro lower, you could see nice demand on euro (capture 8). Next day there was meaningless consolidation due to NFP (candles between yellow lines on capture...

Thanks! i was long too but i couldn't tell if it was real or fake when i initial position. i mean every long attempt looks "real" until it is proven fake. i think long or short is secondary.. i guess its what you do when you right or wrong that matters.

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  • #880
  • Jan 13, 2015 4:40am Jan 13, 2015 4:40am
Quoting kinky
{quote} Thanks! i was long too but i couldn't tell if it was real or fake when i initial position. i mean every long attempt looks "real" until it is proven fake. i think long or short is secondary.. i guess its what you do when you right or wrong that matters. {image}
That's right, long or short, whatever Today I was short on GBPUSD and I have took profit already, but now I'm looking for long position on EURUSD, as you can see on capture 9. However, this just playing due to good support and exhaustion of sellers and it's against current short-term trend. On 4H chart for me situation is unclear, I wouldn't bet on any side now.

As I was writing this, situation has changed, I missed this trade, now it is not valid for me.

P.S. Can't you sleep? "Last Post: Jan 13, 2015 4:35"
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