100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Mar 2013 | Status: The truth hurts :) | 6,410 Posts
I woke up today and saw NU up and I said wow Forexsaint did it again but when I look at your profile I saw that you reversed short. 
Ah oh well half way there. Go make FXPro cry again 
.
Ah oh well half way there. Go make FXPro cry again .
Be like water go with the flow
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
M15 TF
- As expected , though with a nice BEAR trap to test LOD of 6502(marked in square)..which i didnt expect, before the major upmove
- Bears got nicely squeezed Cautioned multiple time here & on Twitter
https://twitter.com/ForexSaint/statu...11211846410240
- 6568 till now and still bidding . LVL's mentioned before are IMP and PA at those levels wud give further info
- Retrace to Gr B RES 6550 (6560) possible
- Bad that this account's accumulated 13+ lots (@6519) got out at BE on downmove & upmove from LOD was pretty quick to loadup longs again (Sometimes not possible when handling other accounts (conventional & aggressive both))
- In anyway, ~9 lots longs were loaded at halt of 6528 for upmove & again alas they were booked around new HOD @ 6545 (before the major upmove came) due to time zone issues. (Dont believe in stops on large positions in such accounts in thin liquidity of late NY session).
- Scalp shorts were taken @ 6550 and again bailed out at BE (as liquidity was think and small TF moves were awkward)
- As expected , though with a nice BEAR trap to test LOD of 6502(marked in square)..which i didnt expect, before the major upmove
- Bears got nicely squeezed Cautioned multiple time here & on Twitter
https://twitter.com/ForexSaint/statu...11211846410240
- 6568 till now and still bidding . LVL's mentioned before are IMP and PA at those levels wud give further info
- Retrace to Gr B RES 6550 (6560) possible
- Bad that this account's accumulated 13+ lots (@6519) got out at BE on downmove & upmove from LOD was pretty quick to loadup longs again (Sometimes not possible when handling other accounts (conventional & aggressive both))
- In anyway, ~9 lots longs were loaded at halt of 6528 for upmove & again alas they were booked around new HOD @ 6545 (before the major upmove came) due to time zone issues. (Dont believe in stops on large positions in such accounts in thin liquidity of late NY session).
- Scalp shorts were taken @ 6550 and again bailed out at BE (as liquidity was think and small TF moves were awkward)
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
{quote} Hi forexsaint, May I ask how do you do where bids and interest is? Are you looking at S & R zones, or do you use some type of service for this. Looking to see if they have a board that shows where people are buying for free.Thanks mate.
As regards me, i do the same but yes i get similar info on bids/offers (along with price LVL's) from some mediocre/ok-ok institutional guys . That kind of makes sure i corroborate and i dont miss a IMP LVL (just in case)
If you search around, there are guys on Twitter who tweet similar kind of info too (for free) & then u can collaborate with ur analysis.
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
{quote} I woke up today and saw NU up and I said wow Forexsaint did it again but when I look at your profile I saw that you reversed short.
Shorts were a very small TF scalp trade, else acc wud have been dead by now.
Some longs were taken before and booked earlier for small profits (yeah could have let them run on stops..but sometimes moves in antipodean & yen currencies come at awkward times, which dont suit many tradee time zones
But that doesnt mean i trade this account only...
generated quite a % by morning, in less aggressive accounts, which held the larger SL's(room for trade to play)The thing is, when u r trading such high risk,in position sizing (literally low risk though if one sees the R:R) and have equity targets in mind, decisions are not always PERFECT. As simple as that. Thats why such acc's break and why milking is important for them.
Half way there? this aint 100 fold thing . You missed a 0
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Mar 2013 | Status: The truth hurts :) | 6,410 Posts
{quote} LOL. yeah the move was expected but not the test of LOD again..as i said in detail in 2nd last post. Shorts were a very small TF scalp trade, else acc wud have been dead by now. Some longs were taken before and booked earlier for small profits (yeah could have let them run on stops..but sometimes moves in antipodean & yen currencies come at awkward times, which dont suit many tradee time zones But that doesnt mean i trade this account only...
Be like water go with the flow
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
NZDUSD
M5 TF
M30 TF
Prolly these 2 images wud explain it all
1st image
Even basic PA rules say (without any corroborating evidence/supporting odds) that those number of wicks at a RES turned SUP LVL (6550 in this case), after a quite big upmove) explain the huge demand down there.
Personally wud NEVER short such price
2nd image
what happened after it broke that consolidation
(BTW H1 TF IB has broken to the upside there too)
So atleast as of now trend is up. Lets see how price deals with HOD @ 6580
For more upside pressure, ofc shd not get back down to 6550's again (esp quickly)
Lets WnW
M5 TF
M30 TF
Prolly these 2 images wud explain it all
1st image
Even basic PA rules say (without any corroborating evidence/supporting odds) that those number of wicks at a RES turned SUP LVL (6550 in this case), after a quite big upmove) explain the huge demand down there.
Personally wud NEVER short such price
2nd image
what happened after it broke that consolidation
(BTW H1 TF IB has broken to the upside there too)
So atleast as of now trend is up. Lets see how price deals with HOD @ 6580
For more upside pressure, ofc shd not get back down to 6550's again (esp quickly)
Lets WnW
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,502 Posts
NZDUSD
- Getting offered @ 6600 and seem to have lost momo (esp wuth AUD spanked by data hard;recovering though)
- Limited retraces can keep the option open for testing the IMP Gr AA RES 6620 (quite a offers up there) but deep retrace , if any, wud make it difficult
- A KISS chart - Past bearish H&S, completing bullish Inv H&S & 2 TL's telling the importance of 6620 and why if broken, can start a bear squeeze, just in case
H4 TF
- Getting offered @ 6600 and seem to have lost momo (esp wuth AUD spanked by data hard;recovering though)
- Limited retraces can keep the option open for testing the IMP Gr AA RES 6620 (quite a offers up there) but deep retrace , if any, wud make it difficult
- A KISS chart - Past bearish H&S, completing bullish Inv H&S & 2 TL's telling the importance of 6620 and why if broken, can start a bear squeeze, just in case
H4 TF
100 Fold Challenge->Interested? ->> www<DOT>goo<DOT>gl/oJUVdv
