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The sacred edge 2.0

  • #541
  • May 3, 2016 9:16am May 3, 2016 9:16am
15minutes mis-pricing Done and dusted. Next mis-pricing to resolve is 30mins @ 1.1367. don't know when but we will trade what the market shows everyday with mis-pricing levels in mind as possible targets
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 done and dusted.png Size: 60 KB
  • #542
  • May 3, 2016 9:20am May 3, 2016 9:20am
Done for the day. See you guys london open tomorrow. Still need to lear to hold my trades for 80 to 100pips profit. i will surely improve by the day
  • #543
  • May 3, 2016 9:26am May 3, 2016 9:26am
Quoting tusco
{quote} Hi ephisi, Thank you for your honest answer, I understand that. Keep up the good results and your's good work Tusco
Thanks @Tusco
  • #544
  • May 3, 2016 12:48pm May 3, 2016 12:48pm
Quoting tusco
{quote} Hi ephisi, Please, could you tell me what means "mis-pricing"?Thank you in advance Tusco
Price is supposed to follow certain paths within certain periods based on mathematical equations. If price violates this paths and timing it is mis-priced. Price will have to correct the mis-price movement.
  • #545
  • May 3, 2016 12:51pm May 3, 2016 12:51pm
excellent trading today i think if you exclude the news time/major press conference times, you do really well. the patterns around news change significantly and what i have found is that even at microstructure level (which is what i do for work), news times are so different than normal times.

Keep it up!!
Think : Trade : Live Life
  • #546
  • May 3, 2016 12:56pm May 3, 2016 12:56pm
Quoting stt
excellent trading today i think if you exclude the news time/major press conference times, you do really well. the patterns around news change significantly and what i have found is that even at microstructure level (which is what i do for work), news times are so different than normal times. Keep it up!!
. Thanks stt. I really do appreciate. The last time I traded during news I took a second position out of panic which was wrong. I was supposed to quit after the first loss. My game plan is to take a regular position long before news and move stop to breakeven just before news. If its goes in my direction I make big pips if it dosnt I get stopped out. This I will do on nfp. Your observation is so true and I will work on it. Thanks for the encouragement.
  • #547
  • May 3, 2016 12:58pm May 3, 2016 12:58pm
Quoting stt
excellent trading today i think if you exclude the news time/major press conference times, you do really well. the patterns around news change significantly and what i have found is that even at microstructure level (which is what i do for work), news times are so different than normal times. Keep it up!!
Yes stt. News time is all about luck
  • #548
  • May 4, 2016 1:46am May 4, 2016 1:46am
Good morning All. 18 minutes to london open.
Quick pre-london analysis:
Daily trendily implies bullish also a trend most times does some consolidation before reversal.
4hr trendine implies bearish. conflicting signals price could go either way
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily,.png Size: 77 KB
Click to Enlarge Name: EURUSDH4,.png Size: 76 KB
  • #549
  • May 4, 2016 1:47am May 4, 2016 1:47am
Based on pivots a 1hr candle close above yesterdays low/daily open @ 1.1494 will get me thinking buys. while a rejection will get me thinking sells.
  • #550
  • Edited 5:35am May 4, 2016 1:51am | Edited 5:35am
Remember we still have a 30mins mis-price to be resolved @ 1.1367. Will we fill it today? price will tell
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1..png Size: 67 KB
  • #551
  • May 4, 2016 1:56am May 4, 2016 1:56am
Dicey decision. let see london open price action to know what next
  • #552
  • May 4, 2016 2:00am May 4, 2016 2:00am
EURUSD is overvalued - BNPP https://t.co/XvM7RasIoF
  • #553
  • May 4, 2016 2:04am May 4, 2016 2:04am
USD index nose down looking like it wants to resume some dip, WTI crude oil nose up. Gold and silver not sure what it wants to do yet
  • #554
  • May 4, 2016 2:40am May 4, 2016 2:40am
Nothing to do, just watching and waiting .
  • #555
  • May 4, 2016 2:52am May 4, 2016 2:52am
string of moderate european data pouring out. market needs to digest
  • #556
  • May 4, 2016 2:56am May 4, 2016 2:56am
Quoting ephisi
Based on pivots a 1hr candle close above yesterdays low/daily open @ 1.1494 will get me thinking buys. while a rejection will get me thinking sells.
almost set to go long
  • #557
  • May 4, 2016 3:01am May 4, 2016 3:01am
long @ 1.1496 stops 1.1474 . taking my chances
  • #558
  • May 4, 2016 3:14am May 4, 2016 3:14am
stopped out -20pips. Even if i take a short now theres no guarantee that it will work. done for the day
  • #559
  • May 4, 2016 3:16am May 4, 2016 3:16am
Quoting ephisi
stopped out -20pips. Even if i take a short now theres no guarantee that it will work. done for the day
wow, just realized i took half position. so -10pips on full position. i got one more shot on half position 20pips stop.
  • #560
  • May 4, 2016 3:18am May 4, 2016 3:18am
A 1hr candle close below daily open/yesterdays low @ 1.1494/95 will get me thinking short on pullback
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