Funny thing, I entered short on YM with my trade managment setting. I did not have time to adjust my TP, that TP was hit; +15. Good day
Looking for another reason to get in short...
Ratios & Harmonics: a Different Way to Trade
- #28,881
- May 16, 2017 12:19pm May 16, 2017 12:19pm
Looking for another reason to get in short...
- #28,882
- Edited 1:15pm May 16, 2017 12:39pm | Edited 1:15pm
Went short and the market went against me straight away 
!! Seems a little choppy at times so not sure if something is happening not on the calendar?
Still expecting price to move down some.
Edit: Bears keep pushing price down looking like they are taking control and the bulls keep pushing right back, come on bears!!
Edit 2: Bears taking control (finally!!)
Another Edit: Bulls coming back so at BE (maybe too soon but we will see)
Final Edit: Price has come back and taken me out. When price found support it was historically a strong area so protected my trade. Price is dropping again now though
!! Seems a little choppy at times so not sure if something is happening not on the calendar? Still expecting price to move down some.
Edit: Bears keep pushing price down looking like they are taking control and the bulls keep pushing right back, come on bears!!
Edit 2: Bears taking control (finally!!)
Another Edit: Bulls coming back so at BE (maybe too soon but we will see)
Final Edit: Price has come back and taken me out. When price found support it was historically a strong area so protected my trade. Price is dropping again now though
- #28,883
- May 16, 2017 12:57pm May 16, 2017 12:57pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
USDJPY short
Risky trade..
Risky trade..
- #28,884
- May 16, 2017 1:36pm May 16, 2017 1:36pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
NQ +1.75 YM +39 {image}{image}
Also very nice to see the thought process with it
- #28,885
- May 16, 2017 1:50pm May 16, 2017 1:50pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
USDJPY short Risky trade.. {image}
Very tight trailing at support level. Didn't want to give too much back. Also because it's getting late and price might stop moving in an hour or so.
- #28,887
- May 16, 2017 4:34pm May 16, 2017 4:34pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
Nice catch guys. And I'm sitting here counting air molecules because of my strict entry rules for 6J
- #28,889
- May 17, 2017 4:58am May 17, 2017 4:58am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
USDJPY long
price seems to be in a range
entry based on rotation candle on 58 tick chart
good R:R
with slight probability of price breaking out of the range and correcting to the upside
SL just below previous swing, initial TP at top of the range
Used only a half position
price seems to be in a range
entry based on rotation candle on 58 tick chart
good R:R
with slight probability of price breaking out of the range and correcting to the upside
SL just below previous swing, initial TP at top of the range
Used only a half position
- #28,890
- May 17, 2017 5:18am May 17, 2017 5:18am
USDJPY long price seems to be in a range entry based on rotation candle on 58 tick chart good R:R with slight probability of price breaking out of the range and correcting to the upside SL just below previous swing, initial TP at top of the range Used only a half position {image}
- #28,891
- May 17, 2017 5:30am May 17, 2017 5:30am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} I am short on USD JPY it seem to me we are in down trend. But who knows. One of us will be correct
- #28,892
- May 17, 2017 5:51am May 17, 2017 5:51am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
USDJPY long price seems to be in a range entry based on rotation candle on 58 tick chart good R:R with slight probability of price breaking out of the range and correcting to the upside SL just below previous swing, initial TP at top of the range Used only a half position {image}
re-entered long at slightly better price
now at BE, let's hope it hits the target
- #28,893
- May 17, 2017 5:55am May 17, 2017 5:55am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
{quote} SL was hit by 0.1 pip or so
- #28,896
- May 17, 2017 6:38am May 17, 2017 6:38am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Immediate OF and longer OF were for a NSL. I know you were shooting for a retest of the LH but it's not a justified risk to take.
I saw longer term (since Asian session) weakness in the bear's moves, thought a longer term correction was about to come.
Especially with the support area, and price already corrected 100% short-term.
so I felt there was a good possibility that we were going for the correcion today
of course, it was not a high probablity trade
I guess I was bored and wanted to trade the range.
Not the best trade I guess.
Luckily I got out alive
- #28,897
- Edited 7:57am May 17, 2017 6:41am | Edited 7:57am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} SL was hit by 0.1 pip or so
Aggressive trailing, SL hit +16 pips (edit: first SL was -9pips)
Risky trade though, against expectation.
only 30% chance of winning says Mr. Pip ;-) (EDIT: or actually, that is the probability of expectation failure, not of me getting out at at least BE..)
- #28,898
- May 17, 2017 6:48am May 17, 2017 6:48am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
Good morning Traders, Looking forward to the live stream in a couple of hours. Hope to see lots of you there.
Luck has no place in trading. Leave that for the poker table.
- #28,899
- May 17, 2017 7:58am May 17, 2017 7:58am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #28,900
- May 17, 2017 8:00am May 17, 2017 8:00am
- | Joined Jan 2014 | Status: Trader | 1,089 Posts
{quote} Thank you for asking he is doing better they changed the medication and formula consistency.
