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  • #441
  • Mar 23, 2016 5:29am Mar 23, 2016 5:29am
ok I'm out. indecision still.
  • #442
  • Mar 23, 2016 5:42am Mar 23, 2016 5:42am
Quoting renasdad
{quote} Based on price action It is not a good idea to go long with this. If anyone is taking smaller long positions they are just trying to Buy on the very low looking for a big return. {image} {image}
The trend is DOWN so I am talking for chart patterns that suggest to sell. You are right, it is not a good idea to go long. The only reason to stay out from long entries is that your fight the trend. What is the trend ? Trend is a Money Flow . Imagine this situation : A BUS and a TRAIN. Who is stronger if they collide ? The TRAIN, of course. Same apply to trends in markets. As long as trader remain with the train, at colission points (support/resistances) he have odds to remain alive than to be wipped out.

Those you are referring to , who want take smaller long positions, are the cars who want beat the force of train. Be a smart driver, let the train first, it will clear the road for you. Drive on the train traces.
Money moves the market, not an indicator.
  • #443
  • Mar 23, 2016 5:45am Mar 23, 2016 5:45am
GBPUSD Double bottom M5.

Eve and Adam?? Or Eve and Eve? No matter I guess. Double bottom is double bottom.

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Indentify > Plan > Accept > Execute
  • #444
  • Mar 23, 2016 5:46am Mar 23, 2016 5:46am
Quoting andoseg2
{quote} The trend is DOWN so I am talking for chart patterns that suggest to sell. You are right, it is not a good idea to go long. The only reason to stay out from long entries is that your fight the trend. What is the trend ? Trend is a Money Flow . Imagine this situation : A BUS and a TRAIN. Who is stronger if they collide ? The TRAIN, of course. Same apply to trends in markets. As long as trader remain with the train, at colission points (support/resistances) he have odds to remain alive than to be wipped out. Those you are referring to , who...

great post, great sig!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #445
  • Mar 23, 2016 5:47am Mar 23, 2016 5:47am
Quoting andoseg2
{quote} Ok, here a potential setup based of prior explanations : {image} {image}
Quoting andoseg2
{quote} The trend is DOWN so I am talking for chart patterns that suggest to sell. You are right, it is not a good idea to go long. The only reason to stay out from long entries is that your fight the trend. What is the trend ? Trend is a Money Flow . Imagine this situation : A BUS and a TRAIN. Who is stronger if they collide ? The TRAIN, of course. Same apply to trends in markets. As long as trader remain with the train, at colission points (support/resistances) he have odds to remain alive than to be wipped out. Those you are referring to , who...
That is what I'm talking about :

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Money moves the market, not an indicator.
  • #446
  • Mar 23, 2016 5:49am Mar 23, 2016 5:49am
Quoting andoseg2
{quote} The trend is DOWN so I am talking for chart patterns that suggest to sell. You are right, it is not a good idea to go long. The only reason to stay out from long entries is that your fight the trend. What is the trend ? Trend is a Money Flow . Imagine this situation : A BUS and a TRAIN. Who is stronger if they collide ? The TRAIN, of course. Same apply to trends in markets. As long as trader remain with the train, at colission points (support/resistances) he have odds to remain alive than to be wipped out. Those you are referring to , who...
​I totally agree. I look at a chart like its a river and I'm a swimmer. If I'm jumping in a river, I'm going with the current and not against the current. I may be a strong swimmer but if I go against the current, I'm going to get tired and either get out of the river or sink and die.

As for what to short right now, I have been short in a couple pairs for a while now and long in another one. I'll go check stuff out and see what I can come up with.
JOHN 3:16
  • #447
  • Mar 23, 2016 5:53am Mar 23, 2016 5:53am
Quoting Shemski
{quote} great post, great sig!
Thank's shemski

Quoting renasdad
{quote} ​I totally agree. I look at a chart like its a river and I'm a swimmer. If I'm jumping in a river, I'm going with the current and not against the current. I may be a strong swimmer but if I go against the current, I'm going to get tired and either get out of the river or sink and die. .
You're right. Majority of traders swim both with and against the flow of the river. That's wrong, they must have patience
to swim only in the direction of river flow
Money moves the market, not an indicator.
  • #448
  • Mar 23, 2016 5:55am Mar 23, 2016 5:55am
ok EU and GU are raping bears, let's see who's the winner.
  • #449
  • Mar 23, 2016 6:04am Mar 23, 2016 6:04am
Correction through time for me, mabe continuation pattern for those who trade on Bulkowski encyclopedia :
Gold 1h:

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Money moves the market, not an indicator.
  • #450
  • Mar 23, 2016 6:12am Mar 23, 2016 6:12am
though I don't trade in GBPNZD on H4 a nice clean H&S setup. This potentially got 2 implications - NU will go UP / GU will stay @ current or go lower.
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  • #451
  • Mar 23, 2016 6:38am Mar 23, 2016 6:38am
#DAX is definitely ready to drop

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Pressure shapes Legends
  • #452
  • Mar 23, 2016 7:06am Mar 23, 2016 7:06am
CADJPY Daily

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  • #453
  • Mar 23, 2016 7:11am Mar 23, 2016 7:11am
Quoting Juri
#DAX is definitely ready to drop {image}
What do the buttons do Juri?

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Indentify > Plan > Accept > Execute
  • #454
  • Mar 23, 2016 7:21am Mar 23, 2016 7:21am
Quoting wizlon32
{quote} What do the buttons do Juri? {image}
my magic crystal ball

nahh....just a risk management tool that calculate my lot size
Pressure shapes Legends
  • #455
  • Mar 23, 2016 7:25am Mar 23, 2016 7:25am
Quoting Juri
{quote} my magic crystal ball nahh....just a risk management tool that calculate my lot size
Indentify > Plan > Accept > Execute
  • #456
  • Mar 23, 2016 7:42am Mar 23, 2016 7:42am
Here's a pair I've been in. Textbook breakouts. Buy on the break of the lines with a SL at the most previous low. Depending on how far from the break to the previous low is what determines how big the position is.
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JOHN 3:16
  • #457
  • Mar 23, 2016 7:55am Mar 23, 2016 7:55am
No lines or anything just looking at this, if it closes with a strong bar like that and this time of day, I would take a long position with a SL below the previous low.​
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JOHN 3:16
  • #458
  • Mar 23, 2016 7:57am Mar 23, 2016 7:57am
Quoting andoseg2
Correction through time for me, mabe continuation pattern for those who trade on Bulkowski encyclopedia : Gold 1h: {image}
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Money moves the market, not an indicator.
  • #459
  • Mar 23, 2016 8:03am Mar 23, 2016 8:03am
Quoting andoseg2
{quote} {image}
nice one
Pressure shapes Legends
  • #460
  • Mar 23, 2016 8:04am Mar 23, 2016 8:04am
Quoting andoseg2
{quote} {image}
Good call​
JOHN 3:16
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