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A very simple system - trade with arrow

  • #601
  • Jun 28, 2016 7:56am Jun 28, 2016 7:56am
Quoting Kanderpro
{quote} Thanks pips29, I'm at breakeven with my little experiment. AU 30m is also "at a level," but it drifted there so the theory says that it will go through. This is passing the time quite nicely in this period of uncertainty. Edit: AU is at that level after hidden divergence.
looks like it's going your way now..Anyway, I had taken the geppy off completely and I think I'll go for a walk.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m15 (06-28-2016 1353).png Size: 58 KB
the cautious seldom err....C
  • #602
  • Jun 28, 2016 9:41am Jun 28, 2016 9:41am
Quoting Kanderpro
EA I mentioned yesterday about Trader Dante's assertion that if price races to a level then it's more likely to be rejected than if it drifts there. I thought I'd test this again with some pennies. The candle that's arrowed raced to the level where the green rectangle, the 200ema and resistance from last Thursday (the green line) are. I entered on the assumption that, after price showed rejection from the '00 just above the level, it would be rejected again. (Yes, I have attempted to "pick a top.") So far, it's ok at +11 having been as good as +22....
Added minimum stake to this and then got stopped out at b/e for the whole trade. Not crying too much as it was pennies, but some valuable lessons learned.
Over the weekend I stumbled into Bloodpoodle's thread "The hardest game in the world." Posts 2 and 21 are videos by Trader Dante. Amongst other things, he recommends traders have a "Demon Finder" which is a spreadsheet of the mistakes you make and the how often you make them. From my trades today, I have entered the following on my Demon Finder:
entering on small bars;
adding to a trade made without D1 backing;
neglecting to consider where target might be.
Thanks for your help, warmth and straight talking Heather.
  • #603
  • Jun 28, 2016 10:45am Jun 28, 2016 10:45am
Quoting Kanderpro
E Cad: testing Trader Dante's assertion that if price races down to a level, it's more likely to rebound than if it had drifted there (the "drift of death.") {image}
Hi Kander
I don't know what you mean with ''races down'' to a level and ''drifted there''. What is the difference?
Can u show some chart examples of this?
  • #604
  • Jun 28, 2016 11:07am Jun 28, 2016 11:07am
went short on the 15 min
Attached Image (click to enlarge)
Click to Enlarge Name: USOil m15 (06-28-2016 1706).png Size: 55 KB
the cautious seldom err....C
  • #605
  • Jun 28, 2016 11:10am Jun 28, 2016 11:10am
Quoting Pipsalon
{quote} Hi Kander I don't know what you mean with ''races down'' to a level and ''drifted there''. What is the difference? Can u show some chart examples of this?
He's gone into the occult. Bloodpoodle, demon finder,races down ,drifted there sound scary
the cautious seldom err....C
  • #606
  • Jun 28, 2016 11:42am Jun 28, 2016 11:42am
Quoting Pipsalon
{quote} Hi Kander I don't know what you mean with ''races down'' to a level and ''drifted there''. What is the difference? Can u show some chart examples of this?
Hello Pipsalon,
"Races down": price gets there quickly, in perhaps just one bar. (As in the 3rd bar from the end on post 583, arrowed bar on post 596, and the bar (11 bars before the arrowed bar) up to the green rectangle.)
"Drifted there": price takes several bars to get to the level. (As in the several bars it takes to get from the daily open to the 200ema and green resistance line on post 596 - notice how price hangs around the 200ema/green resistance line and then breaks through.)
Thanks for your help, warmth and straight talking Heather.
  • #607
  • Jun 28, 2016 11:53am Jun 28, 2016 11:53am
gone long...let's see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD m15 (06-28-2016 1752).png Size: 55 KB
the cautious seldom err....C
  • #608
  • Jun 28, 2016 1:27pm Jun 28, 2016 1:27pm
I took this short on EU today It bounced from resistance at the daily timeframe and there was bearish divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 28-6.PNG Size: 81 KB
  • #609
  • Jun 29, 2016 2:19am Jun 29, 2016 2:19am
treat me nice pls
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 58 KB
Do it like a Fool
  • #610
  • Jun 29, 2016 2:35am Jun 29, 2016 2:35am
Quoting Foolsgame
treat me nice pls {image}
close manually with 2 pips losses.. does not have confident on the trade
Do it like a Fool
  • #611
  • Jun 29, 2016 5:16am Jun 29, 2016 5:16am
gone long the geppy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m15 (06-29-2016 1115).png Size: 57 KB
the cautious seldom err....C
  • #612
  • Edited 5:45am Jun 29, 2016 5:18am | Edited 5:45am
long e/y too. 2 failed trades yesterday EDit: trade closed for +1
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY m15 (06-29-2016 1117).png Size: 63 KB
the cautious seldom err....C
  • #613
  • Jun 29, 2016 5:56am Jun 29, 2016 5:56am
Quoting Foolsgame
{quote} close manually with 2 pips losses.. does not have confident on the trade
reentry after the break of the high
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 66 KB
Do it like a Fool
  • #614
  • Jun 29, 2016 6:22am Jun 29, 2016 6:22am
I do not have much time to monitor trades on Wed. and Friday and will take profits and move stop to b/e as soon as I can. Here's the geppy. taken 60% off and stop at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY m15 (06-29-2016 1221).png Size: 59 KB
the cautious seldom err....C
  • #615
  • Jun 29, 2016 6:25am Jun 29, 2016 6:25am
3rd trade taken today as I am out of e/y for +1
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD m15 (06-29-2016 1223).png Size: 68 KB
the cautious seldom err....C
  • #616
  • Jun 29, 2016 6:27am Jun 29, 2016 6:27am
Quoting pips29
gone long the geppy {image}
looking it to fill the gap?
Do it like a Fool
  • #617
  • Jun 29, 2016 6:31am Jun 29, 2016 6:31am
Quoting Foolsgame
{quote} reentry after the break of the high {image}
yes,man. I love gaps..I am also buying ozzie strength in shorting e/a but it's looking more like euro weakness rather than ozzie strength
the cautious seldom err....C
  • #618
  • Jun 29, 2016 6:46am Jun 29, 2016 6:46am
gone short using the 1 hour chart with 1:1 rr...Let's see
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP H1 (06-29-2016 1244).png Size: 50 KB
the cautious seldom err....C
  • #619
  • Jun 29, 2016 6:53am Jun 29, 2016 6:53am
Quoting pips29
{quote} yes,man. I love gaps..I am also buying ozzie strength in shorting e/a but it's looking more like euro weakness rather than ozzie strength
does like the ozzie movement... close AU long +ve and EA BE
Do it like a Fool
  • #620
  • Jun 29, 2016 8:15am Jun 29, 2016 8:15am
My EA short ended BE. It could not break the 1.49 round number.
Attached Image (click to enlarge)
Click to Enlarge Name: EA 29-6.PNG Size: 76 KB
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