elkin.fernandez wrote:I write in stone some words from someone here.
Choose some ideas and master it.
I have been practicing and checking some ideas from MO, dchappy, TRO and Dragon33.
It seems that finally I found ideas that suit with me.
RIsk Management: Eights from MO Technicals: - Zlines from MO - Dragon Lines from Dragon33 - 1-2-3 from dchappy (really I like 1-2-3 from Ross) but I SEE this thing with dchappy thread. LOL
Thanks to all. I will be posting some charts. While try mastering them.
Hi Elkin!
I'm glad that you SEE! Can't wait to see some chart from you.
Hell yea Mira. Your getting there. This trade is actually very close to a pattern that V8 started to study and trade the hell out of, cuz of its consistency. Keep trading, posting, taking notes and you will be there in no time.
Hell yea Mira. Your getting there. This trade is actually very close to a pattern that V8 started to study and trade the hell out of, cuz of its consistency. Keep trading, posting, taking notes and you will be there in no time.
Thanks Mr. Hyde! I'm working hard to get there.. and I'm still reading a list of links that V8 posted on this thread a while ago.
Going on i'm noticing how people's different views match somehow, the entries are pretty the same even if everybody trades them differently. This is interesting!
So it's the weekly extreme, the previous bar was a momentum one (bec of that close above).
Weekly.png
Cool
But i can't see my break-out break-in on the left so i don't know if 'm going to take some short in there..
Daily.png
M30.png
Zoom out. Then you can see where congestion is, plus possible support and area's to take profit. Angles were just a simple trendline that was copied to make a channel. Which crosses at a nice horzi. line.
gbpusd-d1-fx-choice-limited.png (42.77 KiB) Viewed 2573 times
gbpusd-w1-fx-choice-limited.png (39.8 KiB) Viewed 2573 times
U/C is almost a perfect reversal setup
usdcad-h4-fx-choice-limited.png (32.65 KiB) Viewed 2573 times
So it's the weekly extreme, the previous bar was a momentum one (bec of that close above).
Weekly.png
Cool
But i can't see my break-out break-in on the left so i don't know if 'm going to take some short in there..
Daily.png
M30.png
Zoom out. Then you can see where congestion is, plus possible support and area's to take profit. Angles were just a simple trendline that was copied to make a channel. Which crosses at a nice horzi. line.
So it's the weekly extreme, the previous bar was a momentum one (bec of that close above).
Weekly.png
Cool
But i can't see my break-out break-in on the left so i don't know if 'm going to take some short in there..
Daily.png
M30.png
Zoom out. Then you can see where congestion is, plus possible support and area's to take profit. Angles were just a simple trendline that was copied to make a channel. Which crosses at a nice horzi. line.
I've just been stopped out on GU, I was long from last night/lower extreme (London Session) but I forgot to place the TP
IMG_1481.PNG
Btw I closed with profit this one
IMG_1480.PNG
A good tp would have been .3550. Then u could have sold the TTE and taken profit at the 2 pivot (my long term outlook is long. So not expecting price to break and move far down.).
Price could move down to .3200, but then looking for support @ that area.
gbpusd-h4-fx-choice-limited.png (25.49 KiB) Viewed 2532 times
gbpusd-d1-fx-choice-limited.png (33.39 KiB) Viewed 2532 times
Mr. Hyde wrote: Zoom out. Then you can see where congestion is, plus possible support and area's to take profit. Angles were just a simple trendline that was copied to make a channel. Which crosses at a nice horzi. line.
I've just been stopped out on GU, I was long from last night/lower extreme (London Session) but I forgot to place the TP
IMG_1481.PNG
Btw I closed with profit this one
IMG_1480.PNG
A good tp would have been .3550. Then u could have sold the TTE and taken profit at the 2 pivot (my long term outlook is long. So not expecting price to break and move far down.).
Price could move down to .3200, but then looking for support @ that area.
I know that taking profits and re-entering is better/safer than holding with the risk of being zeroed.. But if price doesn't make a pullback how do I keep my SL at the extreme?
I've just been stopped out on GU, I was long from last night/lower extreme (London Session) but I forgot to place the TP
IMG_1481.PNG
Btw I closed with profit this one
IMG_1480.PNG
A good tp would have been .3550. Then u could have sold the TTE and taken profit at the 2 pivot (my long term outlook is long. So not expecting price to break and move far down.).
Price could move down to .3200, but then looking for support @ that area.
I know that taking profits and re-entering is better/safer than holding with the risk of being zeroed.. But if price doesn't make a pullback how do I keep my SL at the extreme?
Isn't that I'm trading at a worst price level?
Thank you much!
"I know that taking profits and re-entering is better/safer than holding with the risk of being zeroed.." Not always true. You never know for sure if price is going to give you another chance to enter. It could shot up 800 pips without warning like G/J last week.
Here is an updated chart of the U/C I posted earlier. See were your SL could have been depending on where you entered. That's at a 2 week extreme. Pretty strong. The only thing that could be a problem if you were using a hard SL would be potential news. What news is being released this week Mira that could effect U/C. But Im bearish U/C cuz of a weak dollar and strong oil (translates to a strong Cad.
I'll throw up a post on fundanmentals and how V8 and me used it in are trading later. Trust me its beyond super simple.
usdcad-h1-fx-choice-limited.png (32.38 KiB) Viewed 2509 times
IS A LIE__________