GU, M5 +8.4, been sniping this pair all morning and Oops! banked more than my usual 5 pips and I will call the banks and give some back.....
Keep It Simple
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DislikedGU, M5 +8.4, been sniping this pair all morning and Oops! banked more than my usual 5 pips and I will call the banks and give some back..... {image}Ignored
Disliked{quote} EURUSD So, waiting for the dust from high impact releases to settle is part of your stalking a preferred "setup"? This coming release is the last one this week for this pair. Do you not think the MMs will utilize the remaining time to move price aggressively? Or are you suggesting they might undertake new consolidation that could extend into next week, before another swing? tahIgnored
Disliked{quote} I'm not suggesting anything. The mantra clearly states: we cannot know how the MMs are going to move price next. I follow that mantra to the letter. I don't bother myself with the game SM and MM are playing. In one of my previous post I stated that the price on most pairs move at least from 1/2 to 1/1 and vice versa on almost any day. Therefore all I have to do is to see weather the MMs are bulls or bears, is the current trend supported by corresponding volume and is position building area above or below 1/1 or 1/2 level. Once all prerequisites...Ignored
Disliked{quote} Cigarguy could you explain a bit about your strategy here? ThanksIgnored
DislikedAUDCAD enter long 1st TP RDH Entry based on PVSRA. Strong area of support. {image}Ignored
Disliked{quote} We try.... My method is a bit difficult to explain at times; part reading charts, experience, instinct and a bit of luck thrown in.... Note: As I type I see that I was correct and GU is dropping, but that trade did not fit my plan that I attempt to stick too.Ignored
Disliked{quote} Cigarguy translated: 1. reading charts- he means that he occasionally gets a glimpse of them thru his smoking smog, and somewhat distorted as he gets a glimpse of them thru his glass as he partakes of the "sauce",.....if you know what I mean. 2. experience- he means what he remembers of it, from times long gone when he was really good. 3. instinct- it's a "cloaking" word he uses in place of "gambling addiction". 4. bit of luck- well here all I can say is some people just seem to have all the luck! .............Ignored
Disliked{quote} Repetition, please! That's the ticket! Repetition is the mother of all learning, and just what this thread needs. Especially with such a straight forward and elegantly simple manner in which to apply PVSRA to find a trade entry and exit plan. Now, if you can continue to demonstrate and remonstrate about this technique, we can all get a ticket for a ride to more success!Ignored
Disliked{quote} I'm not suggesting anything. The mantra clearly states: we cannot know how the MMs are going to move price next. I follow that mantra to the letter. I don't bother myself with the game SM and MM are playing. In one of my previous post I stated that the price on most pairs move at least from 1/2 to 1/1 and vice versa on almost any day. Therefore all I have to do is to see weather the MMs are bulls or bears, is the current trend supported by corresponding volume and is position building area above or below 1/1 or 1/2 level. Once all prerequisites...Ignored
DislikedUSDJPY Long Trade Open: This entry is predicated on the continuing assumption of bulls, but that have now retraced price to previous consolidation area. No TP yet. {image}Ignored
Disliked{quote} USDJPY Notice that the lowest retrace move coincides quite well with the red PVA event when price was moving up earlier. If price is again taken down into this area, if "buy at the ask" is into this area, I intend to add to this trade, even though it will be "in the red" at the time. {image}Ignored
Disliked{quote} I think it's too late to open new positions today. I will wait next London open for my entries. By then we will have a clear picture of MMs intentions. MarijanIgnored