Highest Open / Lowest Open Trade

Sweet, StormGirl! The more you practice, the luckier you get...

Global Rebalancing: Neo-Keynesians wrong again & US $ takes the brunt

http://www.blackswantrading.com/blog...akes-the-brunt

One I missed.
Rule #5.

"To master your mind is to master your life. There is no more worthwhile pursuit. As satisfying as it is to find 100% of the hidden weapons in your favorite videogame, or to commit to memory lengthy poems in Klingon, if a fraction of that time can be spent mastering your mind instead, you will have a master key that can unlock all doors."

- Sir John Hargrave

A nice HO setup and trade on Dollar Yen.



Seems like the only active Asian guy is me? Hellooo.o.o.oo? I can hear echoes.

Update: exit at the other part of the world - LO.

Update 2:

Need more experience to trade this type of setup... Saw it happen but not brave enough to take it.

USDCAD:



Late entry. BE+5 in place, could bounce from Day Open level. Will exit at 10 pips if price show weakness around that area.

Update:

Almost got the SL...



Decided to close it at 10 pips. Cheers!

Sadly no setup for entry.



Next!

EURUSD Only dipped so far but potential...

USDCHF One to keep an eye on...

GBPAUD Tight range but possible...

GBPJPY More like it - this gives us a bit of room to work with...onto the watch-list...

GBPNZD Mmmmmmmmaybe...watch-list...

AUDCHF Last one for the list for now - watch for the spread though...

A bit of re-adjustment anticipated today after yesterday's Euro shenanigans - be aware. Play safe, guys!

[quote=LinFX;9178812]A nice HO setup and trade on Dollar Yen. {image} Seems like the only active Asian guy is me? Hellooo.o.o.oo? I can hear echoes. Update: exit at the other part of the world - LO. Update 2: Need more experience to trade this type of setup... Saw it happen but not brave enough to take it.

In what way, LinFX? The fact that it is ''dipping'' but not opening below? Yes, it's not something to do if you're at all unsure. You could go down to the m1 chart but it doesn't really answer the uncertainty part of the problem.

Looking at the bigger picture could help you a little. You are in the middle of the range, not at the extreme. You are at a level of previous resistance. You have had two red candles in a row - one of which was a zoom-candle. You are sitting on a pin with the previous lows rising. You could check the higher tf (H4) to see if price is rising overall. All of this price-action could, could, give you the edge you're needing...assuming you can analyse all this and process that information quickly enough to get in on the ''dip'', of course, lol.

As you found out through your session, there are always plenty more reminders of rule #5, so really - how bad do you want it? Why do you want it? Are you only taking it to give you something to get in on...are you bored? That's not a valid reason to trade. If however, it is only a small bend in the rules when all other criteria are met and as in this instance, you have pretty strong price action to lend analytical weight (not ''guestimated'' info), then...(the final decision is still yours, not mine, sorry, lol).

Well done for making the Asian session pay as well! I'm sure you're not alone. Stick with it and maybe the others will come out of the shadows!

Feeling weird to take the "4th return" to HO level. So not taking it.

Thanks sir!

I completely forgot about H4 and above for bird view. Thanks for the reminder! I think bending rules is still too early for me (I'm not quick enough! LOL). I think it's better for me to master the rules before bending it. I can feel my discipline is growing rapidly with these simple rules. I'm not chasing price/trades anymore (I did it a lot in the past) but I still swear on the missed trades . But I really like the If-Then-Else method that keep me from bad cherries.

May I know how long you've been trading this HOLO/123 system? and are you profitable?

Cheers!

Good call - new High...