I follow only one person and his strategies...
Ratios & Harmonics: a Different Way to Trade
- #20,902
- Edited 9:56am Nov 2, 2016 9:10am | Edited 9:56am
- | Joined May 2013 | Status: Trader | 518 Posts
GBPAUD, M1, LONG, Levels in the chart,
Expectation is a NSH
Angle is a bit lacklustre,
Momentum is low compared to the previous swings,
Depth is decent,
Perennial downtrend in the higher Time Frames,
The counter is currently at it's short term structure and a possible PRZ,
so am more like 60/40 on this one.
SL taken, Call closed.
I am realising that there is no use in keeping the stoploss too wide and there needs to be some modification in the way am going about it. I need to make it tight and be more flexible with it and not be too rigid. Moving on.
Expectation is a NSH
Angle is a bit lacklustre,
Momentum is low compared to the previous swings,
Depth is decent,
Perennial downtrend in the higher Time Frames,
The counter is currently at it's short term structure and a possible PRZ,
so am more like 60/40 on this one.
SL taken, Call closed.
I am realising that there is no use in keeping the stoploss too wide and there needs to be some modification in the way am going about it. I need to make it tight and be more flexible with it and not be too rigid. Moving on.
I follow only one person and his strategies...
- #20,906
- Edited Nov 3, 2016 12:44am Nov 2, 2016 9:32am | Edited Nov 3, 2016 12:44am
- | Joined May 2013 | Status: Trader | 518 Posts
EURJPY M1 SHORT, levels in chart.
Expectation is a NSL.
update,
NSL made, SL trailed. SL put at 38.2% of the LH and NSL just made.
update,
SL again modified as price made NSL. (once again to 38.2 of the previous LH and the new NSL)
SL taken, closed.
Expectation is a NSL.
update,
NSL made, SL trailed. SL put at 38.2% of the LH and NSL just made.
update,
SL again modified as price made NSL. (once again to 38.2 of the previous LH and the new NSL)
SL taken, closed.
I follow only one person and his strategies...
- #20,910
- Edited 10:56am Nov 2, 2016 10:37am | Edited 10:56am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
US30 -89
I guess this is my map for this morning..... Possibly a new range until the election but we still have FOMC today and non-farms on Friday
I guess this is my map for this morning..... Possibly a new range until the election but we still have FOMC today and non-farms on Friday
- #20,912
- Edited 12:29pm Nov 2, 2016 12:13pm | Edited 12:29pm
- | Joined May 2013 | Status: Trader | 518 Posts
GOLD M1, LONG, Levels in chart,
Expectation is a NSH
The angle of ascent is a worry but still am going for it.
update,
Price made NSH, SL adjusted to BE. Rejection of price is happening. Weakness.
update,
SL trailed even more tightly, more price rejection at higher levels.
Adjusted SL taken out, Closed.
Expectation is a NSH
The angle of ascent is a worry but still am going for it.
update,
Price made NSH, SL adjusted to BE. Rejection of price is happening. Weakness.
update,
SL trailed even more tightly, more price rejection at higher levels.
Adjusted SL taken out, Closed.
I follow only one person and his strategies...
- #20,913
- Edited 12:42pm Nov 2, 2016 12:18pm | Edited 12:42pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} Before NY start, I had a clear picture. Since NY start, I have no clear picture. Moreover, the huge volatility prevented me to enter since between the click on the button and order execution can be a big spread. Would be nice if somebody who has a clear picture could share.
Here is still what I see... I expect my Demand level to hold but you never know. FOMC in 45min
Edit: oh yeah... when I find that I'm confused on price , I try stepping back and look at area where I would like to trade like the upper and lower range and stay away from the middle.
DJ, my perspective,
I went short, but was not too sure about it, didn't post here,(but it would reflect in the trade explorer)
Things might go topsy turvy in a jiffy, but conventionally, according to Mr.Pip's strategy, this makes sense, even though we have weakness exhibited by bears and the tight range bound move in early hours and what not.
I went short, but was not too sure about it, didn't post here,(but it would reflect in the trade explorer)
Things might go topsy turvy in a jiffy, but conventionally, according to Mr.Pip's strategy, this makes sense, even though we have weakness exhibited by bears and the tight range bound move in early hours and what not.
I follow only one person and his strategies...
- #20,917
- Edited 2:26pm Nov 2, 2016 1:31pm | Edited 2:26pm
- | Joined May 2013 | Status: Trader | 518 Posts
GOLD M1, SHORT, Levels in chart.
It is a bit risky and maybe I read too much into the mini swings, but just wanted to take this one.
update,
NSL made, SL adjusted to BE.
price made another low and is currently running into structure. So, trailed the SL tightly.
update,
Price below structure, but still keeping a distant SL (above BE of course)
Exited at TP, call closed.
It is a bit risky and maybe I read too much into the mini swings, but just wanted to take this one.
update,
NSL made, SL adjusted to BE.
price made another low and is currently running into structure. So, trailed the SL tightly.
update,
Price below structure, but still keeping a distant SL (above BE of course)
Exited at TP, call closed.
I follow only one person and his strategies...
{quote} emotions are one of the biggest obstacles to trading successfully. It takes practice of disciplined to ignore it. I know this from personal experience. Fear on missing the move, greed that price will extend to hit the jackpot, hope that price will comeback, anger ; how could you be that stupid, etc.... theses need to be practiced on. Stick to the plan. if you miss a move, let it go dude. Price may come back and give you a better entry... like it did. One of the biggest challenges I have now is deciding whether my decisions are logical or...
awesome,,,
I follow only one person and his strategies...
