priceaction1 journal

I guess talking to me?

V

yes it is for you

" "
stopped out.............

long @1.1292 with low leverage stop loss 1.1272 area.

https://charts.mql5.com/8/22/eurusdm...g-point-of.png

stop out but reenter with high leverage @ 1.1250 with protection close around 1.1287-88. some other too benefited. one trade close in -4 pip also high leverage but with out protection

amazing land escape My homeland !!!

http://www.dawnnews.tv/news/1022077

long eurusd @ 1.1238 low leverage. stop 11 pips.

It looks that USD will strengthen a lot after todays data. I make this conclusion after yesterday moves, especially on EURUSD, strong dollar sell-off was denied in US session with nice momentum, so maybe it's good idea to buy vanilla option.

was away due to NFP. 50 pip up and 150 down pips. one cant hold his stop in either direction. now after cool down may be I enter.

short usdcad @ 1.2548 area low leverage .

Stop move to BE.

from fti

always stay in the "dance", feeling its moods and tempo,
using technical accrument to read the dance.
Implementing damage control when out of step.
That's actually money management.(another time)
Many analyst, behaves like fortune tellers, that is wrong

fti time
All technivcal indicators aare lag reading of market footprint.
There is a required intelligence to decript them for an opinion of the dance.
Why does people allow themselves to use these as the holy grail?
The question is why?
The answer lies in those numbers and in "you".

If you cannot see the answer, then here's a tip.
What caused Princess diana's death? God rest her soul.
tip: sitting in car driven by someone else
Who killed her? the driver
Why did it happened?
cos' her life depended on some one elses skills other than her own.
I dare not question her position, and the luxury of her rights, you must understand.
But the fact was , her life was in someone elses hands.
If anyone wants to bring this to other perspectives of debate. Go debate it yourself..
I am talking about the lessons from the facts, not the hypothesis of the event.
Don't look at the incident, look at the lesson in it.
Now princess diana has nothing to do with trading,
But her death left a lesson for traders, who are indicators dependent.
I hope some of you can understand.
There are lots of things in life that are beyond our ability to control,
some may like to add trading to be one of them

last trade

counter trend trade in eurusd!!!

absolutely

fti time

Hi Green David,
Sorry to hear of your mis-adventure.

If You don't mind, a few mindset problems detected.
1. Don't create fixed mindset, flow with the market as best you can.
Interest rate opnion sure snooked you mindset.
Moreover swift 2to 3 big fig moves are not so uncommon.
So that thinking is wrong. Markets do regularly do these moves.
esp when fundamental figures are released. 5 big fig (500pips) volatility mindset is more realistic. Thats why you must be babysitting positions always.
Although the way the market took down was wierd, be wary that it can happen, therefore be mindful of the MM. Never risk more than 10% of your account on a single trade. If you do be fast to react if adverse.

2. Spiral for rescue uses big money to save bad positions, therefore do not overstay.
When riding profits, add to them in linear small,
so as never to allow a good position to turn bad.
You may find that over time, your positions that makes better ROI
are those that started out badly timed but in the right directional trend.

Normally the good first entry trades have lesser ROI,
this is due to the human nature.
Mankind seems to find courage and bravery in adverse situations.
This is one of the reasons to have a fibo spiral rescue and a linear constant attack.
The rescues are of shorter tenure and the attacks should have a longer attack tenure(multiple attack sequences).
This allows for rescue of capital on bad timing and ability to ride on long trends moves.
As on longer tenure trend rides, you may have short strong attacks when you detect opportunities, but do not overstay the strong attacks for too long, leave only the smaller positions to ride.
It is always very difficult to ride trends with large positions, easier on the mind with small positions.
The strong attacks can help by stretching the trend for the overall position, but be mindful of overstaying, it is truly very hard to ride with large positions as it will make your mind unstable with greed/fear factor.
Remember this lesson.

3. Remember that retracements can be in abc wave sequenses , but in levels these should conform to the Elliott's wave finding. Waves that take back more than 50% of initial impluse wave are not trend strong and can mutate esily to reversal. So when that happens be wary to wind down your expanding spiral as it progresses taking out non losing levels to reduce exposures. In this sequenses do not add aggressively to trend ride , as already determined, that the trend is not strong impluse.

4. Again, do not allow your position to control your mindset, use the dance to adjust your positional mindset. When indoubt, wait for clearer mind. If unclear, use benefit of doubt.

From her email to me ,Leighsww seems Ok, she's strong.
However, she's very busy with managing her sister's "stuff" and is up to her neck in paperwork and documentation. Her situation is personal. BUT she has very good and healthy mind. As she cannot focus on trading for now , she will only join us when the dust settles. Her display of patience and attention to more important issues at hand stands her well. I believe that she is much appreciative for your thoughts of her , in her absence.

regards

Support /Resistance Zones are test zones. Mostly the market 's behaviour at these areas either are very volatile or congested. Being test zones, its behaviour would be derived by the volitility when this is tested. High volitility suggest continuation after a few sweeps, while low volitility thrust indicate distribution. It is impossible to read into distribution, suggest that positions be off loaded or squared off if distribution is detected, and to follow development until impulse re-surfaces.

from grate fti
traders song

short eur/usd @ 1.1217 stop at BE low leverage