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Psych Levels, Pivots, and Trendlines - Resurrected

  • #12,141
  • May 15, 2017 5:05am May 15, 2017 5:05am
Quoting stechi
Bought Usd/JPY on M5 {image}
I use 50 EMA to find trend direction, at that point there is no up trend
Even though I walk through the darkest valley, I will fear no evil
  • #12,142
  • May 15, 2017 5:06am May 15, 2017 5:06am
Quoting stechi
{quote} Easy money monocor. Nice trade. Still in this trade. {image}
I like it !!! Really nice trade
Even though I walk through the darkest valley, I will fear no evil
  • #12,143
  • May 15, 2017 5:56am May 15, 2017 5:56am
Stopped out. Maybe i missed something? I hindsight i see this correction had to strong momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 63 KB
  • #12,144
  • May 15, 2017 6:04am May 15, 2017 6:04am
Quoting stechi
Stopped out. Maybe i missed something? I hindsight i see this correction had to strong momentum. {image}

may be you just miss to add a FF calendar indicator on your charts
Attached Image (click to enlarge)
Click to Enlarge Name: Capture d’écran 2017-05-15 à 15.02.44.png Size: 14 KB
There is no way to happiness , happiness is the way.
  • #12,145
  • May 15, 2017 6:06am May 15, 2017 6:06am
Quoting stechi
Stopped out. Maybe i missed something? I hindsight i see this correction had to strong momentum. {image}
It wasn't trend correction, it was moving down side at that moment
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 89 KB
Even though I walk through the darkest valley, I will fear no evil
  • #12,146
  • May 15, 2017 6:11am May 15, 2017 6:11am
Here is something to think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 53 KB
Click to Enlarge Name: USDJPYM5 (1).png Size: 41 KB
Even though I walk through the darkest valley, I will fear no evil
  • #12,147
  • May 15, 2017 6:14am May 15, 2017 6:14am
Quoting monocor
{quote} It wasn't trend correction, it was moving don side at that moment
I see that now. yes you are right monocor its downtrending. Yes i missed to look at the news today. Thanks ockham. Do you also look for correlations?

I realized that EUR/USD and USD/JPY are in strongly negative correlation. So I am long i EURUSD and i take a trade long in USDJPY. Failed!
  • #12,148
  • May 15, 2017 6:19am May 15, 2017 6:19am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5 (1).png Size: 45 KB
  • #12,149
  • May 15, 2017 6:20am May 15, 2017 6:20am
Quoting stechi
{quote} I see that now. yes you are right monocor its downtrending. Yes i missed to look at the news today. Thanks ockham. Do you also look for correlations? I realized that EUR/USD and USD/JPY are in strongly negative correlation. So I am long i EURUSD and i take a trade long in USDJPY. Failed!
about correlation if Eur > Usd and if Jpy is weak on both it's may be more interesting to go long on EJ than in UJ hope it's clear and that could help.
There is no way to happiness , happiness is the way.
  • #12,150
  • May 15, 2017 6:21am May 15, 2017 6:21am
Quoting stechi
{quote} I see that now. yes you are right monocor its downtrending. Yes i missed to look at the news today. Thanks ockham. Do you also look for correlations? I realized that EUR/USD and USD/JPY are in strongly negative correlation. So I am long i EURUSD and i take a trade long in USDJPY. Failed!
don't make rocket since
Even though I walk through the darkest valley, I will fear no evil
  • #12,151
  • May 15, 2017 6:38am May 15, 2017 6:38am
EU trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 86 KB
Even though I walk through the darkest valley, I will fear no evil
  • #12,152
  • May 15, 2017 6:43am May 15, 2017 6:43am
Quoting stechi
{image}
Stechi do you trade trade line support ? What is your trading plan ? There is no should or would, for get about that words, trade only according to your plan. St ricked set of rules, and tools
Even though I walk through the darkest valley, I will fear no evil
  • #12,153
  • May 15, 2017 7:15am May 15, 2017 7:15am
Quoting monocor
{quote} Stechi do you trade trade line support ? What is your trading plan ? There is no should or would, for get about that words, trade only according to your plan. St ricked set of rules, and tools
Thx monocor. No i dont trade trendline support. Forget my picture.. Im young in this buisness and i am on my way to find a system that fits to me. Before i set rules I have to know if that rules make sense. I have just started to write a trading plan but I wonder if somebody is 7 month in trading and have a strict trading plan and follow it. And knows that it works. Im still struggling. Doing rookie errors every day. But they become less.
  • #12,154
  • May 15, 2017 7:34am May 15, 2017 7:34am
Quoting stechi
{quote} Thx monocor. No i dont trade trendline support. Forget my picture.. Im young in this buisness and i am on my way to find a system that fits to me. Before i set rules I have to know if that rules make sense. I have just started to write a trading plan but I wonder if somebody is 7 month in trading and have a strict trading plan and follow it. And knows that it works. Im still struggling. Doing rookie errors every day. But they become less.
for 7 month your trading is good. The most mistake is not having plan and random trading. Use basics trend and levels, and you can apply any system to them.
Even though I walk through the darkest valley, I will fear no evil
  • #12,155
  • May 15, 2017 7:48am May 15, 2017 7:48am
Quoting monocor
{quote} for 7 month your trading is good. The most mistake is not having plan and random trading. Use basics trend and levels, and you can apply any system to them.
Im very very inspired by your trading! Ok here my trading idea. I want to trade at london session at from 9-11 or 12 oclock. and on ny session from 2-4. Before the trading im lookinf for the news. I open a chart and Im looking for the trend. Than im watching for a strong price movement and waiting for the correction. Then i put fib on it and looking for structure and a reversal on 61.8-78.6. I draw a channel and wait for the breakout out the channel or im looking for candlestick patterns. As confirmation i look for rsi divergence.
  • #12,156
  • May 15, 2017 7:57am May 15, 2017 7:57am
+48P But i break the rules. No divergence. Monocor why dont you try to do trade management to increase your profits.Let it run! Uptrend is uptrend!Only a suggestion.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 72 KB
  • #12,157
  • May 15, 2017 8:02am May 15, 2017 8:02am
Quoting stechi
+48P But i break the rules. No divergence. Monocor why dont you try to do trade management to increase your profits.Let it run! Uptrend is uptrend!Only a suggestion. {image}
coz it is trending day, most of the days market is ranging, just check the last week. My trading is suits both markets, trend and range. Don't worry about me, I had 5 trades during that trend, and made 8% profit from those trades )))))
Even though I walk through the darkest valley, I will fear no evil
  • #12,158
  • May 15, 2017 8:08am May 15, 2017 8:08am
Quoting monocor
{quote} coz it is trending day, most of the days market is ranging, just check the last week. My trading is suits both markets, trend and range. Don't worry about me, I had 5 trades during that trend, and made 8% profit from those trades )))))
How did i know that?
  • #12,159
  • May 15, 2017 8:23am May 15, 2017 8:23am
Quoting stechi
{quote} How did i know that?

no comments

may be focus will drop couple words
Even though I walk through the darkest valley, I will fear no evil
  • #12,160
  • May 15, 2017 8:35am May 15, 2017 8:35am
Quoting monocor
{quote} no comments may be focus will drop couple words
Sorry i Just made a joke
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