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priceaction1 journal

  • #1,201
  • Apr 16, 2015 12:59pm Apr 16, 2015 12:59pm
Quoting priceaction1
{image}
so she did this time too.
don't predict direction, but dance with flow of water
  • #1,202
  • Apr 16, 2015 1:32pm Apr 16, 2015 1:32pm
why I close my long @ 1.0780-90 area, and short at same level???? on 4H chart it was a cup and handle formation shwing 1.0790 target area if it fail I have protection above 1.0805 area. . I don't know the next direction of price but what I know is, when price reach X point I do y action.
don't predict direction, but dance with flow of water
  • #1,203
  • Apr 16, 2015 1:41pm Apr 16, 2015 1:41pm
so this time she did move to z point so I did A action ( move against me, above the level, so I cut loss miss try)
don't predict direction, but dance with flow of water
  • #1,204
  • Apr 16, 2015 2:08pm Apr 16, 2015 2:08pm
my trade
Attached Image (click to enlarge)
Click to Enlarge Name: 67568.png Size: 29 KB
don't predict direction, but dance with flow of water
  • #1,205
  • Apr 19, 2015 6:51am Apr 19, 2015 6:51am
fti time!!!!!



There are many ways to trade, and for everyone the decision making process is different.
What you have described are very mechanical methodology.
It would be the way to go , if you were a machine.

Try to feel the market, ask yourself questions all the time.
You are not crazy if you ask the questions, only if you listen.

Look at the chart, ask yourself,
the did market what do when historically?it was last at this
was this levels significant chart wise? level,
which direction is the market trending?
try to feel if its try to go up or down?

if you have determined the direction, its most likely to go.
if you use indicators, try to determine the nearest safe levels to attempt entry,
try the super over bought or oversold levels in you bollinger bands.
fibonnacci levels are supposed to show market at its best equilibrium,
when at the fibo levels, whatch the mkt, is it behaving steady?
MACD are just multiple averages and are lag indicator,
in trendy mkts they widen ,
in lethargic mkts they close up,
in congestions they spaghetti cross.
don't read too much into that.

after entry watch the mkts.
Is it doing what you thought it should be doing?
are you comfortable with the position, if yes then add to the position.
if not get out, find a different level. and do it again. and again until you are satisfied with your position.

when you are riding profits, take some out at the oversold levels to re-enter near the overbought levels , vice versa.
After a few weeks , you should have a better feel of the market, you are trading.
don't predict direction, but dance with flow of water
  • #1,206
  • Apr 19, 2015 6:55am Apr 19, 2015 6:55am
To me the most important indicator is price.
The market's sigma, which is the speed of move.
The Vega, which indicate the volatility factor in its trend and the time it consumes in it push.
You can determine all this from bare bar or candle charts.

the other indicator is true average,
with that you can determine if the volatility is out of line for your risk tenure,
you can best understand this by studying the original Dow theory.
don't predict direction, but dance with flow of water
  • #1,207
  • Apr 19, 2015 8:55am Apr 19, 2015 8:55am
Quoting priceaction1
fti time!!!!! There are many ways to trade, and for everyone the decision making process is different. What you have described are very mechanical methodology. It would be the way to go , if you were a machine. Try to feel the market, ask yourself questions all the time. You are not crazy if you ask the questions, only if you listen. Look at the chart, ask yourself, the did market what do when historically?it was last at this was this levels significant chart wise? level, which direction is the market trending? try to feel if its try to go up or...
we don't predict, we only ride
  • #1,208
  • Apr 20, 2015 6:05am Apr 20, 2015 6:05am
close all with 31% profit.
don't predict direction, but dance with flow of water
  • #1,209
  • Apr 20, 2015 7:06am Apr 20, 2015 7:06am
great boss. Do you play real acc or only demo?
  • #1,210
  • Apr 20, 2015 8:39am Apr 20, 2015 8:39am
Only eu, trades in both directions? thats freaking well done hats off to you. Do you trade manually?
  • #1,211
  • Apr 20, 2015 10:24am Apr 20, 2015 10:24am
all of my post are live trades except where I indicate as demo trade. I do most of my trade on live accounts. yes I do trade manually.
don't predict direction, but dance with flow of water
  • #1,212
  • Apr 20, 2015 12:09pm Apr 20, 2015 12:09pm
https://charts.mql5.com/7/601/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #1,213
  • Apr 23, 2015 9:54am Apr 23, 2015 9:54am
short @ 1.0807
https://charts.mql5.com/7/635/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #1,214
  • Apr 26, 2015 10:18am Apr 26, 2015 10:18am
good resource

http://www.forex-library.com/
don't predict direction, but dance with flow of water
  • #1,215
  • Apr 26, 2015 10:37am Apr 26, 2015 10:37am
Quoting priceaction1
good resource http://www.forex-library.com/
Yes, but I wonder if they own the copyright rights there lol ...
Fix up, trade sharp ...
  • #1,216
  • Apr 26, 2015 10:41am Apr 26, 2015 10:41am
Quoting Hickson
{quote} Yes, but I wonder if they own the copyright rights there lol ...
don't predict direction, but dance with flow of water
  • #1,217
  • Apr 27, 2015 11:05pm Apr 27, 2015 11:05pm
euro at cross road

https://charts.mql5.com/7/673/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #1,218
  • Apr 27, 2015 11:13pm Apr 27, 2015 11:13pm
ema 34 high,close and low. 63 cci though I use to trade clean charts some time indicators helpful to find potential profitable point. from 1.3990 euro every time godown after kissing 34ema band. it is not a indication of down move, but possible point of interest .
don't predict direction, but dance with flow of water
  • #1,219
  • Apr 28, 2015 12:35am Apr 28, 2015 12:35am
see first point the down red candles are like rubber band and counter move are small lethargic. the second start point up move is large rubber band moves and counter move are small lethargic. so till now "no" down side indication as per candle formation the compound candle formation pointing one more up rubber band candle but at same time this is trend break out area so tug of war will be seen at this area.

https://charts.mql5.com/7/673/eurusd...cial-pty-3.png
don't predict direction, but dance with flow of water
  • #1,220
  • May 1, 2015 2:30am May 1, 2015 2:30am
Quoting priceaction1
see first point the down red candles are like rubber band and counter move are small lethargic. the second start point up move is large rubber band moves and counter move are small lethargic. so till now "no" down side indication as per candle formation the compound candle formation pointing one more up rubber band candle but at same time this is trend break out area so tug of war will be seen at this area. {image}
don't predict direction, but dance with flow of water
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