Lem's Big Box O' Stuff.

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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 20, 2019 10:36 pm

Anyway. An hour or so of some decent tv (yet to be decided) while we wait for Hong Kong to fire up.

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 1:19 am

Oh, for Pete's sake, lol... :lol: :lol: :lol:

Hong Kong Index T-60 Chart Opening Bell

Screenshot 2019-02-21 at 01.15.14 - Edited.png
Screenshot 2019-02-21 at 01.15.14 - Edited.png (63.76 KiB) Viewed 2437 times


Screenshot 2019-02-21 at 01.15.28 - Edited.png
Screenshot 2019-02-21 at 01.15.28 - Edited.png (58.43 KiB) Viewed 2437 times


Well, I did get the drop, lol.

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 1:30 am

What that looks like on the H1 Chart.

HK Index H1 Chart

Screenshot 2019-02-21 at 01.26.37 - Edited.png
Screenshot 2019-02-21 at 01.26.37 - Edited.png (68.38 KiB) Viewed 2434 times


Now that's a gap! :P

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 1:43 am

Well, if you can't jump onto the back of some tasty momo, what can you do?!

Dropped to the T-25 Chart and held on with my teeth!

HK Index T-25 Chart +11 +5 +6 +5

Screenshot 2019-02-21 at 01.33.22 - Edited.png
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 1:49 am

Another...

HK Index T-25 Chart +18

Screenshot 2019-02-21 at 01.46.22 - Edited.png
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Re: Lem's Big Box O' Stuff.

Postby forexhell » Thu Feb 21, 2019 2:13 pm

LeMercenaire wrote:Another...

HK Index T-25 Chart +18

Screenshot 2019-02-21 at 01.46.22 - Edited.png


I am definitely sure you know the behaviour of that Index inside out ... lets assume I don´t (Ha) ... what did you see to jump in ?

Here is what I see:

1. At this time I was in bed ... okay that doesn´t count because if I could trade that Index like you I would certainly be on fire.
2. 30 EMA is up
3. We have 3 HH´s in a row and 4 HL´s as well
4. I dont know the settings of the two Ichi´s but I am sure they mean something to you
5. The two MACD´s (?) are pointing in the right direction, the fast one at least going up
5. The SL could be the last low (one bar before your entry) or the former low ... so not that far away ... looks like 2:1 or 1:1

So was at least one of my assumptions correct ?

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 2:36 pm

forexhell wrote:
LeMercenaire wrote:Another...

HK Index T-25 Chart +18

Screenshot 2019-02-21 at 01.46.22 - Edited.png


I am definitely sure you know the behaviour of that Index inside out ... lets assume I don´t (Ha) ... what did you see to jump in ?

Here is what I see:

1. At this time I was in bed ... okay that doesn´t count because if I could trade that Index like you I would certainly be on fire.
2. 30 EMA is up
3. We have 3 HH´s in a row and 4 HL´s as well
4. I dont know the settings of the two Ichi´s but I am sure they mean something to you
5. The two MACD´s (?) are pointing in the right direction, the fast one at least going up
5. The SL could be the last low (one bar before your entry) or the former low ... so not that far away ... looks like 2:1 or 1:1


[b][i][color=#FF0000]So was at least one of my assumptions correct?


Yes...

:P :lol: :P :lol: :P

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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 2:44 pm

Sorry, couldn't resist it. Channelled my inner TRO there :P

What you have to know - the one thing you didn't mention - is the huge drop on the re-open of the market.

Markets don't do gaps...they don't like gaps.

As such, my main pull to this, is that price is going to go long as it attempts to fill that gap.

From there, it's just a matter of waiting on a pullback and jumping on board the momentum back in the direction of the original move - in this case, long.

As for your check list. All your assumptions are correct. It was a reasonably aggressive entry but as I said, I had momo on my side.

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 2:48 pm

For the sl, I am not holding onto anything that drops back into the cloud.

Anything that pushes hard back over the ma would also usually have me reaching for the ''Danger, Will Robinson...Danger!'' button as well.

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 21, 2019 2:49 pm

Obviously the earlier short trades are riding the momo of the drop, the last one we have talked about, is on board for the return trip,

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