GbpUsd M1 Trend downward,bearish volume candles and bars.6 pips FIFO trade
Attached Image (click to enlarge)
1
PVSRA Scalping with Cigarguy
- #8,004
- Mar 9, 2017 6:39am Mar 9, 2017 6:39am
- Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts
OK, Friday Quiz......Can anyone seeany similarities to the phases on this EJ M15 chart????
The phases are a bit more accurate on a higher T/F ie., H1 but this does give a clue and keep in mind these phases happen over and over on every pair. Just something to be aware of adding another arrow/tool to your trading quiver as the MM's do their very best attempting to disguise their intentions from us retail traders......The more information we have and understand will help us gleam clues to their intentions and then grab their shirt...
Say something meaningful or Silence!!
- #8,006
- Edited Mar 10, 2017 5:34am Mar 9, 2017 7:51am | Edited Mar 10, 2017 5:34am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} i tried to draw as... {image}
Keep It Simple
- #8,007
- Edited Mar 10, 2017 5:35am Mar 9, 2017 8:07am | Edited Mar 10, 2017 5:35am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Nice scalping as usual.
Keep It Simple
- #8,009
- Mar 9, 2017 10:09am Mar 9, 2017 10:09am
Hello all!
Today I tried something different as I was feeling good about it, I switched charts to see how it would go for me.
So 2 trades happened...
The 1st one on GJ which was a decent trade using the trend and some momentum, but not a FIFO unfortunately.
The 2nd one was on UJ with an overall bullish momentum, but not a good entry too.
Further explanations on the charts and I hope you can learn from them too, at least what not to do!
All the best
Edit.: Forgot to mention GJ has only the M1 chart, while UJ has 2 charts, M5 supporting the M1.
Today I tried something different as I was feeling good about it, I switched charts to see how it would go for me.
So 2 trades happened...
The 1st one on GJ which was a decent trade using the trend and some momentum, but not a FIFO unfortunately.
The 2nd one was on UJ with an overall bullish momentum, but not a good entry too.
Further explanations on the charts and I hope you can learn from them too, at least what not to do!
All the best
Edit.: Forgot to mention GJ has only the M1 chart, while UJ has 2 charts, M5 supporting the M1.
- #8,010
- Mar 9, 2017 12:02pm Mar 9, 2017 12:02pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #8,011
- Mar 9, 2017 12:13pm Mar 9, 2017 12:13pm
- Joined Mar 2016 | Status: Senior member | 1,279 Posts
- #8,013
- Edited Mar 10, 2017 5:35am Mar 9, 2017 9:52pm | Edited Mar 10, 2017 5:35am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Hello all! Today I tried something different as I was feeling good about it, I switched charts to see how it would go for me. So 2 trades happened... The 1st one on GJ which was a decent trade using the trend and some momentum, but not a FIFO unfortunately. The 2nd one was on UJ with an overall bullish momentum, but not a good entry too. Further explanations on the charts and I hope you can learn from them too, at least what not to do! All the best
Keep It Simple
- #8,016
- Mar 10, 2017 6:07am Mar 10, 2017 6:07am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EurUsd M1 Trend up, price broke 1.06000 level , big bullish volume candle and bullish bar.5 pips FIFO scalp. {image}
Keep It Simple
- #8,018
- Edited 6:43am Mar 10, 2017 6:26am | Edited 6:43am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Thanks , these days market is a little tricky.I struglle with impulse to trade too often
I can speak from experience....If you stare at charts sometimes for hours, you begin to see trades that are not there....i am guilty as charged.
I believe anyone who has traded for a long time can relate.
CG
Keep It Simple
- #8,020
- Mar 10, 2017 7:49am Mar 10, 2017 7:49am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Short UJ bounced off dragon went short with news. {image}
Keep It Simple