Appreciation is the key to wealth and happiness
- #15,861
- Oct 3, 2016 12:38am Oct 3, 2016 12:38am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
- #15,866
- Oct 3, 2016 11:15am Oct 3, 2016 11:15am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #15,867
- Edited 12:57pm Oct 3, 2016 12:39pm | Edited 12:57pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
UC: Short... 200EMA acting as dynamic Resistance level
after a while.... TS got hit... it bounces at NY Open Session Level
after a while.... TS got hit... it bounces at NY Open Session Level
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #15,869
- Oct 3, 2016 7:37pm Oct 3, 2016 7:37pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #15,870
- Edited 9:58pm Oct 3, 2016 8:39pm | Edited 9:58pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Hi, I would like to ask, in this instance below, GU seems to be going into a time of pullback before plunging any lower. But when do we know when it is ready for the next dive? Do we watch the PA in the lower timeframe of H1 and M30 for bearish candles? If so, what is the highly probable bearish candles, is it bearish engulfing ones? {image}
hello birdnest...
Here is what I can see....
It is easy to see after the fact ... but try to practice more looking at historical facts already as history repeat itself from time-to-time... You'll get a hang of it or until you get accustomed of what you see on the chart. Try to go back to some of Lk's postings here on her thread, and then practice... a la Allen Iverson, I did somewhat like what he did though ; )-
Inserted Video
On the other hand.... At Daily TF, it looks like a falling wedge pattern, just stacking these odds of probabilities and confluences... then see how PA reveals itself or confirms what you have seen on your chart.
Here at M30:
Have a great day!
I'll delete this post if it went the other way around though ; )- but the above posting are just my opinion, my Big Bang probability based on my limited experience in Trading... still noobs here....
Kindest regards...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #15,873
- Oct 4, 2016 12:25am Oct 4, 2016 12:25am
{quote} hello birdnest... Here is what I can see.... It is easy to see after the fact ... but try to practice more looking at historical facts already as history repeat itself from time-to-time... You'll get a hang of it or until you get accustomed of what you see on the chart. Try to go back to some of Lk's postings here on her thread, and then practice... a la Allen Iverson, I did somewhat like what he did though ; )- {image} https://www.youtube.com/watch?v=eGDBR2L5kzI On the other hand.... At Daily TF, it looks like a falling wedge...
Does anyone trade with 1 standard lot? Also, what is everyone's average pips per week?
I am struggling to get a nett of 150 - 200 pips per week.
- #15,874
- Oct 4, 2016 12:47am Oct 4, 2016 12:47am
{quote} Also, what is everyone's average pips per week? I am struggling to get a nett of 150 - 200 pips per week.
i think it will make you comfort to trade everyday..
only 100 pips / week
- #15,875
- Oct 4, 2016 2:23am Oct 4, 2016 2:23am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Hi, I would like to ask, in this instance below, GU seems to be going into a time of pullback before plunging any lower. But when do we know when it is ready for the next dive? Do we watch the PA in the lower timeframe of H1 and M30 for bearish candles? If so, what is the highly probable bearish candles, is it bearish engulfing ones? {image}
we should look for a short off resistant which is trendline in this instant where price got rejected with a pin/long thin bodied blue APB (sign of weak bull).
Have a look at your chart where I marked 2nd arrow with a red trend line.
I would get in a short once price broke green trend line (to be safe).
The principle applies to any time frame, just need to remember to check next time frame which is D1 too
{quote} THANK YOU V2VBONI for the detailed explanation. I was super weary of selling GU just now because I saw H4 in an overbought area. But I still went ahead to catch some 50 pips before exiting. Does anyone trade with 1 standard lot? Also, what is everyone's average pips per week? I am struggling to get a nett of 150 - 200 pips per week.
Appreciation is the key to wealth and happiness
- #15,876
- Oct 4, 2016 2:47am Oct 4, 2016 2:47am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
