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Discovering An Edge

  • #721
  • Jul 16, 2015 11:19am Jul 16, 2015 11:19am
GCAD half off +20
T2 HOD
  • #722
  • Jul 16, 2015 12:01pm Jul 16, 2015 12:01pm
L GN at 2.3927 T 2.3980
  • #723
  • Jul 16, 2015 12:12pm Jul 16, 2015 12:12pm
Not getting much time to trade today due to work.
Total today is -150
A pip is only worth it if you know how much you risked to earn it
  • #724
  • Jul 16, 2015 12:27pm Jul 16, 2015 12:27pm
Quoting panamamike
L GN at 2.3927 T 2.3980
In between work processes I had a look at GN. There was a setup there on the consolidation based on 15M. I'm starting to see the pattern of your entries Mike!
The target off my TLBO (trend line break out) is 24050 which is close to your 23980 (sort of). Might join you on this one... don't often trade the GN.

15M
Attached Image (click to enlarge)
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5M
Interestingly, I've got a target of 23970 from a previous set of analysis I've done.... don't think I traded it though.
Attached Image (click to enlarge)
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A pip is only worth it if you know how much you risked to earn it
  • #725
  • Jul 16, 2015 12:48pm Jul 16, 2015 12:48pm
Gcad close rest +22
  • #726
  • Jul 16, 2015 12:53pm Jul 16, 2015 12:53pm
Quoting vlady1974
{quote} In between work processes I had a look at GN. There was a setup there on the consolidation based on 15M. I'm starting to see the pattern of your entries Mike! The target off my TLBO (trend line break out) is 24050 which is close to your 23980 (sort of). Might join you on this one... don't often trade the GN. 15M {image} 5M Interestingly, I've got a target of 23970 from a previous set of analysis I've done.... don't think I traded it though. {image}
30 min fractal BO on close...in direction of the trend, confirmed by CSM. At +20 I take a partial, and look to target recent swing HL, or 10 d ATR high/low.
  • #727
  • Jul 16, 2015 1:10pm Jul 16, 2015 1:10pm
GN close another part +30... SL moved to +15....
  • #728
  • Jul 16, 2015 1:11pm Jul 16, 2015 1:11pm
Quoting panamamike
{quote} 30 min fractal BO on close...in direction of the trend, confirmed by CSM. At +20 I take a partial, and look to target recent swing HL, or 10 d ATR high/low.
I think it's coincidental but this seems to also create a technical chart pattern in line with my setup.
But I've made note of it for future research.
A pip is only worth it if you know how much you risked to earn it
  • #729
  • Jul 16, 2015 1:20pm Jul 16, 2015 1:20pm
close rest GN +23 .... Yellen up in 10 mins....time for a nap....
  • #730
  • Jul 16, 2015 1:22pm Jul 16, 2015 1:22pm
Quoting vlady1974
{quote} I think it's coincidental but this seems to also create a technical chart pattern in line with my setup. But I've made note of it for future research.
my friend....just keep doing what you are doing....block out as much extraneous thought as possible. You are in a good flow.....take advantage of it.
  • #731
  • Jul 16, 2015 1:28pm Jul 16, 2015 1:28pm
HA! 10 mins later target hit....oh well....
  • #732
  • Jul 16, 2015 1:33pm Jul 16, 2015 1:33pm
Quoting panamamike
HA! 10 mins later target hit....oh well....
Yep, I got my +50! Thanks for that call Mike.... oh and btw you're right about the flow. Thanks for being such a great support on trading! Helps keep the focus!
A pip is only worth it if you know how much you risked to earn it
  • #733
  • Jul 16, 2015 1:39pm Jul 16, 2015 1:39pm
Gotta hand some kudos to @panamamike for some great calls that I rode on after a shite day of trading.
Was able to get some quiet desk time instead of being pulled from pillar to post.

All up, day netted up to +48, after being down 150.


Edit:
Still got work to do!
A pip is only worth it if you know how much you risked to earn it
  • #734
  • Jul 16, 2015 1:40pm Jul 16, 2015 1:40pm
Quoting vlady1974
Gotta hand some kudos to @panamamike for some great calls that I rode on after a shite day of trading. Was able to get some quiet desk time instead of being pulled from pillar to post. All up, day netted up to +48, after being down 150. Edit: Still got work to do!
Well done....
  • #735
  • Jul 16, 2015 3:28pm Jul 16, 2015 3:28pm
Quoting vlady1974
{quote} I like your thread. Sub'd!
Thanks mate! Supporting each other is just the right thing to do since we are in the same Industry!
You and Ephisi have been providing some great Insights....This Industry is a daily GRIND, and I am
willing to learn every day!

Kind Regards,

Jay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #736
  • Jul 16, 2015 8:08pm Jul 16, 2015 8:08pm
Risking 22 pips for 60.
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My help is in the name of the Lord who made heaven and earth.
  • #737
  • Jul 16, 2015 11:09pm Jul 16, 2015 11:09pm
Â
Quoting Albertdkpllh
Risking 22 pips for 60. {image}
Is that the good ole Ralome indicator?
Edit: the last zigzag leg is a misprice. See how price is Cobb on the left but zig is inside Bollinger.Here's my count of the sequence since the consolidation:
Â
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A pip is only worth it if you know how much you risked to earn it
  • #738
  • Jul 17, 2015 1:37am Jul 17, 2015 1:37am
Quoting vlady1974
{quote} Is that the good ole Ralome indicator? Edit: the last zigzag leg is a misprice. See how price is Cobb on the left but zig is inside Bollinger.Here's my count of the sequence since the consolidation: {image}
Lol...No its a sup and dem indi. AJ hit stop loss.
Attached Image (click to enlarge)
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My help is in the name of the Lord who made heaven and earth.
  • #739
  • Jul 17, 2015 1:40am Jul 17, 2015 1:40am
Quoting Albertdkpllh
{quote} Lol...No its a sup and dem indi. AJ hit stop loss. {image}
Cool! That's a great combination!
A pip is only worth it if you know how much you risked to earn it
  • #740
  • Jul 17, 2015 1:53am Jul 17, 2015 1:53am
Long GBPCAD
Long USDCAD
A pip is only worth it if you know how much you risked to earn it
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