The sacred edge 2.0

closed both trades -8pips on average and reversed

now short @ 1.1373 with pending order short @ 1.1393 stops @ 1.1413

Need this choppiness on EURUSD to end. will you just move in one direction please?

closed both positions @ 72 for 20pips, 10 pips on average . Weird market Good nite all

Good morning all. can we get a break out today? we have been doing 50 to 60 pips daily range. Not much to make from that when there is no swing. scalpers and range traders haven

Daily and 4hr trend analysis same as yesterday.
Pivot point still tight but a little looser than yesterday. Expecting a 50 to 60 pips trading range like the past 2 days except we have a break out.
1.1364/1.1409 is our trading range. 1.1409 needs to be cleared max 1hr after London open. if its cleared later than that then i will update analysis. Alternatively to avoid mis-pricing 1.1364 will need to be cleared if 1.1409 isn't clear max 1hr after London open. A tricky play it will be.

Nothing much has changed since 2 days ago. Overall i am bearish bias but expecting the bulls to reverse anytime

Good morning all. A little mis-pricing @ 1.1420. The down move is unsustainable, we will revisit 1.1420 anytime soon

its all deception. Dealers want to buy, but they sell off first then buy when retail is sucked in and stuck

coming up shortly 1.1420. mis-pricing interpretation is amazing

every time you say 'mis-pricing' i wonder what do you mean by that... can you please explain to me what and why does that happen?

thanks

EURUSD did 1.1414 6 pips to 1.1420. i guess longs are not done.

I am back, sorry i had to go tweak my strategy to eliminate the drawdowns on mis-pricing. well that has been resolved now as you can see from my trade explorer. 700 plus pips in about 2 weeks risking between 30 to 70pips per trade

mis-pricing is a concept delivered to us by EURUSDD in the similarity thread. Its based on price following certain mathematical correlation. explaining ms-pricing is quiet complicated and as i have said several times on the forum i won't be teaching that here. i will use the following usdjpy charts to illustrate. Now this applies from the 1minute timeframe to the monthly. Study your weekly usdjpy chart, way back in 02/02/2014 we have a low of 100.746. USDJPY tried to do a correction but fail. if price failed to clear 105.43 high within a specific number of weeks and eventually clears 105.43 high after the time expires without clearing 100.746 a mispricing has occurred. why? because based on the correlation the pull back to 100.746 needed to be deeper to avoid mis-pricing. this did not happen. so a mispricing occurred and thats why you see a red line @ 105.43. 105.43 must be hit sometime in the future. and we just did yesterday. mispricing tool is amazing but it has some drawbacks and thats why i escaped to the back ground to tweak and find a solution to the problem. And voila my trade explorer is a testimony

so take this explanation and go back to all the charts i have posted and you will understand better.

win rate of 77% within the past 2 weeks. i am impressed with the stats. but i have learnt my lesson to stay humble hence forth.

i now have a job that keeps me busy so i spend less than 1hr active on charts daily. but i came to realise that being busy has helped me take my mind of trades and just let them layout. staring at charts all day hypnotises you into making wrong moves

the truth is i actually gave up for 1week. but forex always calls me back. this is my destiny and i am glad i didn't give up. i almost gave up just at the verge of a great discovery. now i am ready and equipped to launch out. if you're on twitter follow @candosgroup @alaidi @waltervanelli these 2 guys helped change my mindset in the past few months

At work, relaxed and not bothered about the market. dynamic stops in place. let the market do its thing

+1000 pips.

So far so good. its best to stay off the market during the Brexit EU referendum vote.

Good idea decided to watch this carnage from the sidelines. the road is now clear for next set of trades. By the way if you traded the UK referendum you either made a lot of pips or blew your account. Always best to stay out on days like yesterday. learn from Black thursday