The idea's we trade by, so we never lose again. p2. The students become the masters
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Simple retest of the 2 point. Sold and took profit at support/weekly/yesterday's low. A better trader then me could have gotten in long, but I rarely put on traders right before new and by then price had moved to far for me to find a good place ton put a stop.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Of course the best day for GU and I try trading against price the whole time. This is 90% of my losses and what I need to work on and change.
1st trade price had a came into a 1hr momo candle from yesterday, also hit a 1hr and 4hr dragon line. Price then makes a 1hr momo candle, next hour wicks the 50% area and a 15 min momo candle closes up. Bought the high of that candle, was with the 1hr candle color. Loser.
2nd trade price made multi day/weekly lows. Then formed equal size candles. Price retraced into them then formed a 15m momo candles, bought the high and was trading with the 1hr candle color. Loser.
If anyone was trading to the downside I would love to hear why and how.
1st trade price had a came into a 1hr momo candle from yesterday, also hit a 1hr and 4hr dragon line. Price then makes a 1hr momo candle, next hour wicks the 50% area and a 15 min momo candle closes up. Bought the high of that candle, was with the 1hr candle color. Loser.
2nd trade price made multi day/weekly lows. Then formed equal size candles. Price retraced into them then formed a 15m momo candles, bought the high and was trading with the 1hr candle color. Loser.
If anyone was trading to the downside I would love to hear why and how.
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- dojirock
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
LESS IS MORE!
doji
doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Mr. Hyde wrote:Of course the best day for GU and I try trading against price the whole time. This is 90% of my losses and what I need to work on and change.
1st trade price had a came into a 1hr momo candle from yesterday, also hit a 1hr and 4hr dragon line. Price then makes a 1hr momo candle, next hour wicks the 50% area and a 15 min momo candle closes up. Bought the high of that candle, was with the 1hr candle color. Loser.
2nd trade price made multi day/weekly lows. Then formed equal size candles. Price retraced into them then formed a 15m momo candles, bought the high and was trading with the 1hr candle color. Loser.
If anyone was trading to the downside I would love to hear why and how.
I’m NOT the one who can give you suggestions Mr. Hyde.
btw this gives me an advantage because I often find myself in setups like those ones.
Maybe a shared view can give you some fresh idea
If you are trading away from bigger lines then 1.40659 was the 50% of a H4 bearish momo.
If, like me, you are looking for a hit&run method then take the profits at point “2” of a 1-2-3 (usually it comes with a 1:1 RR but it’s still a profit).
I think that if there are enough stops price will close above the 2 and then would try to zeroline that traders, that is when/where you trade long again.
About the second entry I’m not experienced enough to share my view, what I see is just too weak (aka no close above) and too small for a long.
HOWEVER this is just my own opinion.
__________ THE IS A LIE__________
- PhilipLangford
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Mr. Hyde wrote:Of course the best day for GU and I try trading against price the whole time. This is 90% of my losses and what I need to work on and change.
1st trade price had a came into a 1hr momo candle from yesterday, also hit a 1hr and 4hr dragon line. Price then makes a 1hr momo candle, next hour wicks the 50% area and a 15 min momo candle closes up. Bought the high of that candle, was with the 1hr candle color. Loser.
2nd trade price made multi day/weekly lows. Then formed equal size candles. Price retraced into them then formed a 15m momo candles, bought the high and was trading with the 1hr candle color. Loser.
If anyone was trading to the downside I would love to hear why and how.
I traded that based on the NFP result which kicked the USD square in the nuts. At one point the bull momo zlined itself. There was
no way that shocking jobs number was going to cause the USD to strengthen, so it was a simple case of buy low and sell high. Good for a fairly certain 50 pips.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
PhilipLangford wrote:Mr. Hyde wrote:Of course the best day for GU and I try trading against price the whole time. This is 90% of my losses and what I need to work on and change.
1st trade price had a came into a 1hr momo candle from yesterday, also hit a 1hr and 4hr dragon line. Price then makes a 1hr momo candle, next hour wicks the 50% area and a 15 min momo candle closes up. Bought the high of that candle, was with the 1hr candle color. Loser.
2nd trade price made multi day/weekly lows. Then formed equal size candles. Price retraced into them then formed a 15m momo candles, bought the high and was trading with the 1hr candle color. Loser.
If anyone was trading to the downside I would love to hear why and how.
I traded that based on the NFP result which kicked the USD square in the nuts. At one point the bull momo zlined itself. There was
no way that shocking jobs number was going to cause the USD to strengthen, so it was a simple case of buy low and sell high. Good for a fairly certain 50 pips.
You know I'm talking about Thursday, not Friday.
Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Mira wrote:Mr. Hyde wrote:Of course the best day for GU and I try trading against price the whole time. This is 90% of my losses and what I need to work on and change.
1st trade price had a came into a 1hr momo candle from yesterday, also hit a 1hr and 4hr dragon line. Price then makes a 1hr momo candle, next hour wicks the 50% area and a 15 min momo candle closes up. Bought the high of that candle, was with the 1hr candle color. Loser.
2nd trade price made multi day/weekly lows. Then formed equal size candles. Price retraced into them then formed a 15m momo candles, bought the high and was trading with the 1hr candle color. Loser.
If anyone was trading to the downside I would love to hear why and how.
I’m NOT the one who can give you suggestions Mr. Hyde.
btw this gives me an advantage because I often find myself in setups like those ones.
Maybe a shared view can give you some fresh idea
If you are trading away from bigger lines then 1.40659 was the 50% of a H4 bearish momo.
If, like me, you are looking for a hit&run method then take the profits at point “2” of a 1-2-3 (usually it comes with a 1:1 RR but it’s still a profit).
I think that if there are enough stops price will close above the 2 and then would try to zeroline that traders, that is when/where you trade long again.
About the second entry I’m not experienced enough to share my view, what I see is just too weak (aka no close above) and too small for a long.
HOWEVER this is just my own opinion.
Please feel free to offer your suggestion. It is always helpful to hear from others and look at it from there side.
There is no way I would consider that little 4hr candle bearish momo. Plus it didn't close under any meaningful line, so to me that was just another bear candle, but I do see were you are coming from. But there was a double top that could have easily been played so kudos to your Mira you did make me see something I missed.
I marked the candle I saw as a close over on the 2nd trade so not sure what you mean by to weak.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Mr. Hyde wrote:PhilipLangford wrote:Mr. Hyde wrote:Of course the best day for GU and I try trading against price the whole time. This is 90% of my losses and what I need to work on and change.
1st trade price had a came into a 1hr momo candle from yesterday, also hit a 1hr and 4hr dragon line. Price then makes a 1hr momo candle, next hour wicks the 50% area and a 15 min momo candle closes up. Bought the high of that candle, was with the 1hr candle color. Loser.
2nd trade price made multi day/weekly lows. Then formed equal size candles. Price retraced into them then formed a 15m momo candles, bought the high and was trading with the 1hr candle color. Loser.
If anyone was trading to the downside I would love to hear why and how.
I traded that based on the NFP result which kicked the USD square in the nuts. At one point the bull momo zlined itself. There was
no way that shocking jobs number was going to cause the USD to strengthen, so it was a simple case of buy low and sell high. Good for a fairly certain 50 pips.
You know I'm talking about Thursday, not Friday.
Ah yes I was looking at the most recent PA on the chart.
Using the D1 open as a line in the sand (as I do sometimes), an H1 momo bar closed under it.
The rest was a red D1 candle.
Re: The idea's we trade by, so we never lose again. p2. The students become the masters
PhilipLangford wrote:Mr. Hyde wrote:PhilipLangford wrote:
I traded that based on the NFP result which kicked the USD square in the nuts. At one point the bull momo zlined itself. There was
no way that shocking jobs number was going to cause the USD to strengthen, so it was a simple case of buy low and sell high. Good for a fairly certain 50 pips.
You know I'm talking about Thursday, not Friday.
Ah yes I was looking at the most recent PA on the chart.
Using the D1 open as a line in the sand (as I do sometimes), an H1 momo bar closed under it.
The rest was a red D1 candle.
Ya my chart wasn't super clear. But good job on the Friday trade. I also like how you use the D1 open for trade direction. But just for fun and to play devils advocate we were above the weekly, monthly and yearly open. I know a lot of people like to use candle color for direction but at what point do you say which candle is more important. Also when do you trade against the daily candle color, cuz Im sure I do all the time and those are some of my best trades.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters
Mr. Hyde wrote:PhilipLangford wrote:Mr. Hyde wrote:Ya my chart wasn't super clear. But good job on the Friday trade. I also like how you use the D1 open for trade direction. But just for fun and to play devils advocate we were above the weekly, monthly and yearly open. I know a lot of people like to use candle color for direction but at what point do you say which candle is more important. Also when do you trade against the daily candle color, cuz Im sure I do all the time and those are some of my best trades.
Extremes are a big part of this idea handed down to us from the Mighty One.
On the daily chart here, the blue stuff is two combined candles.
We have a D1 3 sema and some spikes into the D2 MZ.
TRO's traplines tell us that price usually crosses a line when it hits it.
Worth a scalp against W1, M1 and Y1? Turns out it was.
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