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Trading is as simple as 1-2-3

  • #3,021
  • Apr 12, 2017 6:41pm Apr 12, 2017 6:41pm
NU this time but like the others v the USD, the Greenback is still taking a pounding, so it's guesstimating at best as to when this is going to turn...

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...Only thing is, we're now up in an area of resistance, soooooo...

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  • #3,022
  • Apr 12, 2017 6:45pm Apr 12, 2017 6:45pm
Checking on AU after that last post, shows us that here too we are now in an area of resistance...

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  • #3,023
  • Apr 12, 2017 8:13pm Apr 12, 2017 8:13pm
Thought this might fit in here.

All of us have a learning curve. Even Jesse Livermore.


"The game taught me the game. And it didn't spare me rod while teaching." ~Jesse Livermore
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,024
  • Apr 12, 2017 8:18pm Apr 12, 2017 8:18pm
While I'm thinking about it. Those who have not read "Reminiscences of A Stock Operator" are missing out. It is one of the best books on trading I have ever read, and I have read a lot.

Whenever I find a copy at a used book store will always buy it. Great gift for traders.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,025
  • Apr 12, 2017 10:29pm Apr 12, 2017 10:29pm
Quoting lemercenaire
Checking on AU after that last post, shows us that here too we are now in an area of resistance... {image}
Hi LM,

What are the pink and red boxes? And in some cases you use blue boxes?

Thank you,
  • #3,026
  • Apr 13, 2017 2:21am Apr 13, 2017 2:21am
Quoting courier12
{quote} Hi LM, What are the pink and red boxes? And in some cases you use blue boxes? Thank you,
These new boxes you've seen over the last day or so are supply and demand zones. Sorry, I did mention it in passing but I should have made it clearer.
  • #3,027
  • Apr 13, 2017 2:24am Apr 13, 2017 2:24am
Long night for the Greenback.

AU and NU look to have started the move at last...maybe, lol...

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  • #3,028
  • Apr 13, 2017 2:34am Apr 13, 2017 2:34am
The Weird Bunch are showing different stages of development...

Over on the DAX, you'd need to have been an early bird. I took the French route instead, as noted below...
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While, the FTSE has just pushed lower and got a bit to go yet before we see what's what for today on the way back up if you didn't get the down move...
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The US-Twins gave a couple of basic re-entries on the hour...
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Meanwhile as mentioned above, my first 1-2-3 entry on the day came via the French, always my first port of call as I am checking the H4 candle and it always moves so violently, giving a good heads-up for the others to follow. Gives a cleaner move than the mental DAX...
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  • #3,029
  • Apr 13, 2017 3:35am Apr 13, 2017 3:35am
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Long CA +5 profit locked.
  • #3,030
  • Apr 13, 2017 3:38am Apr 13, 2017 3:38am
Quoting hal7
{image} Long CA +5 profit locked.
Would not want to face you in a 'gun's at dawn' duel. You're one quick fingered son of a gun!
  • #3,031
  • Apr 13, 2017 3:53am Apr 13, 2017 3:53am
Quoting Pent56
{quote} Would not want to face you in a 'gun's at dawn' duel. You're one quick fingered son of a gun!
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  • #3,032
  • Apr 13, 2017 4:00am Apr 13, 2017 4:00am
Quoting Pent56
{quote} Would not want to face you in a 'gun's at dawn' duel. You're one quick fingered son of a gun!
Ha, ha. Well didn't waiver squaring off against the CAD this go round. You stare at this stuff long enough and anyone can get good at it
  • #3,033
  • Apr 13, 2017 4:18am Apr 13, 2017 4:18am
GBP/AUD Locked in +5 and some more at +10. Entered this pair as price had retraced to an area of previous interest (look left - always!).
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  • #3,034
  • Apr 13, 2017 4:31am Apr 13, 2017 4:31am
Quoting Pent56
GBP/AUD Locked in +5 and some more at +10. Entered this pair as price had retraced to an area of previous interest (look left - always!). {image}
Lined right up there, good draw.
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  • #3,035
  • Apr 13, 2017 4:34am Apr 13, 2017 4:34am
Quoting Pent56
GBP/AUD Locked in +5 and some more at +10. Entered this pair as price had retraced to an area of previous interest (look left - always!). {image}
Spot on, Pent...

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  • #3,036
  • Apr 13, 2017 8:49am Apr 13, 2017 8:49am
Update on The Weird Bunch...

DAX took that opening move and ran for the border at speed...
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It's even possible that you could still be in this from the previous entry...
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The FTSE looks like it's ready for the holiday but you could have picked something up if you'd picked the right entry bar (tricky). Failing that, you could have come out flat or just ahead if you'd stuck it out after going in on one of the earlier ones...
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The Americans did well for themselves - both even adding in a second bite on the way back up for those who were paying attention...
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  • #3,037
  • Apr 13, 2017 8:51am Apr 13, 2017 8:51am
Oh - and as for my French Fancy - came home just fine...

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  • #3,038
  • Apr 13, 2017 8:52am Apr 13, 2017 8:52am
Quoting lemercenaire
{quote} These new boxes you've seen over the last day or so are supply and demand zones. Sorry, I did mention it in passing but I should have made it clearer.
I have the same on my charts. For some stupid reason...I can see S/D on candlestick but need bars to function with 123. Fortunately MT4 will let you toggle back and forth and not lose your artwork.

Managed to pull a few pips out of their hide this morning before heading off to deal with society. I understand charts and markets a lot better then I do people yet they are one in the same. Then again in life as well as charts we have targets and stop losses. Those who don't know when to cut bait in life's situations can struggle for decades. Targets in life are updated as things progress and change but should never be eliminated. The PA in life can be tricky. Today I need to look at it with a daily chart, 5m is too much noise.

Philosophical Rufus.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,039
  • Apr 13, 2017 9:04am Apr 13, 2017 9:04am
Quoting Rufus
{quote} I have the same on my charts. For some stupid reason...I can see S/D on candlestick but need bars to function with 123. Fortunately MT4 will let you toggle back and forth and not lose your artwork. Managed to pull a few pips out of their hide this morning before heading off to deal with society. I understand charts and markets a lot better then I do people yet they are one in the same. Then again in life as well as charts we have targets and stop losses. Those who don't know when to cut bait in life's situations can struggle for decades....
I love a good toggle...

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  • #3,040
  • Apr 13, 2017 9:04am Apr 13, 2017 9:04am
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