Disliked{quote} Im in, my tight stop above 1.07857.... If the Bear magic is indeed found here, I will TP at 1.067 and LONG like never before from there (Of cause I must follow PA)Ignored
- #1,097,364
- Mar 17, 2017 4:50am Mar 17, 2017 4:50am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
Hello everyone, for what it's worth on the daily chart price is very near the 200ema. Actually 1.82 hits the 200ma so probably still room for north. It looks like it's going to be hard to drop this pair so a further move upwards is logical...reach the daily resistance at least. From 1.08+ it will be easier to find shorts. On the flip side, that last candle on the daily could turn into a doji before a correction, I would guess towards 38% fibo which sits nicely on the top kumo (cloud) support or 1.067. Also, the 1hr chart is in an upward channel.
who dares wins
- #1,097,365
- Mar 17, 2017 5:08am Mar 17, 2017 5:08am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
meanwhile on something that moves
a Scalpers life...
(this is how it really looks in action)
a Scalpers life...
(this is how it really looks in action)
you are not expected to understand this
- #1,097,366
- Mar 17, 2017 5:11am Mar 17, 2017 5:11am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
- #1,097,367
- Mar 17, 2017 5:26am Mar 17, 2017 5:26am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
{quote} Yep. Use an empty chart like mine and everything will become clear to you in a minute. {image}
who dares wins
- #1,097,369
- Mar 17, 2017 5:33am Mar 17, 2017 5:33am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Is it just me or are support/resistance levels some completely hocus pocus voodoo bullshit? The more I use these fucking lines the more losing trades I take...
The lines paint the framework but the candles tell the story.
If the candles confirm the lines (I prefer S/R zones), -> trade
If the candles tell a different story and don't fit into the framework > don't take the trade
Mistakes are made on entry, not so much on exits. (on my strategy). My targets are 87% precice to the pip on the H1, but entries can only be made when the candles line up with the overall framework.
If you want to trade priceaction (the candles) and lines (S/R/Zones/Trendlines, whatever) you need a solid strategy, a plan which you can stick to.
Keep your charts as clean as possible, keep using S/R, but put your focus on the candles and the correct entry.
Keep going and don't get nervous on losing trades! Todays markets are very difficult and daily results don't matter. What matters is the end of the year, not the daily swings. Just keep going, you will get a feel for it.
Oh and, stay cool. Always
you are not expected to understand this
- #1,097,370
- Mar 17, 2017 5:34am Mar 17, 2017 5:34am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
who dares wins
- #1,097,371
- Mar 17, 2017 5:40am Mar 17, 2017 5:40am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
- #1,097,373
- Mar 17, 2017 5:46am Mar 17, 2017 5:46am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
12 correlating Forex pairs... all locked up.
Dead end. Time to go fishing
Dead end. Time to go fishing
you are not expected to understand this
- #1,097,374
- Mar 17, 2017 5:46am Mar 17, 2017 5:46am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
who dares wins
- #1,097,375
- Mar 17, 2017 5:50am Mar 17, 2017 5:50am
- Joined Dec 2015 | Status: Trader | 2,405 Posts
12 correlating Forex pairs... all locked up. Dead end. Time to go fishing
You keep repeating yourself man, just leave the screen and go out if you are not holding any position.
- #1,097,376
- Mar 17, 2017 5:50am Mar 17, 2017 5:50am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
- #1,097,377
- Mar 17, 2017 5:52am Mar 17, 2017 5:52am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,064 Posts
Is it just me or are support/resistance levels some completely hocus pocus voodoo bullshit? The more I use these fucking lines the more losing trades I take...
- #1,097,378
- Mar 17, 2017 5:53am Mar 17, 2017 5:53am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
who dares wins
- #1,097,380
- Mar 17, 2017 5:59am Mar 17, 2017 5:59am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} Lol Don!!Well, if the reason were what you said above, it would have come down by now. I guess pa decided to complete the daily range to the upper end. My only fear with my shorts at the moment, I hope we are not stuck in a strong flow but by the looks of the 4H chart, dont think we are. The moves are very static. Ugly pa nevertheless but have seen worse much worse.
