Aliassmith Psychology 101 and other stuff

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jarnapal
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Postby jarnapal » Tue Jun 15, 2010 2:18 pm

aliassmith wrote:
jarnapal wrote:
aliassmith wrote:
jarnapal wrote:
aliassmith wrote:Target was near extreme of higher timeframe and near 1.2300


Was that MOMO before your entry and why did you enter in the opposite direction ? Was that because the price didn't have enough momentum to create new lower low and did you consider the zeroline that the last down candle created ?


MOMO was before my entry

The trade was a rat trade near support and in a correction


Thank you. I would have exited after it wicked the zeroline :)


That candle closed bullish.


Oo! Thank you for the hint.

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aliassmith
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Postby aliassmith » Tue Jun 15, 2010 3:23 pm

getting a little braver targeting higher timeframe s/r.
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Postby Humble » Wed Jun 16, 2010 2:52 am

At least that candle closed above the line.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

aliassmith
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Postby aliassmith » Wed Jun 16, 2010 1:24 pm

Targeting a H1 extreme from an M5 rat trade
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Humble
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Postby Humble » Thu Jun 17, 2010 1:22 am

Nice.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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aliassmith
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Postby aliassmith » Fri Jun 18, 2010 4:26 pm

Trying to trade beyond extremes of current range has been difficult.
Actually it was always a problem in the past for me.

It works sometimes and most of the time it doesn't. Probably for the
same reason breakout trades are hit or miss.

People tend to put orders at extremes, so take profit near extremes

Even on small timeframes you can see price break then pullback some

At these order stack areas it is only a matter of if the stack is large enough
to shift momentum.

All the timeframes are intertwined and I need to keep an eye on them all
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Postby prochargedmopar » Sat Jun 19, 2010 2:14 pm

some very nice trades alias,

good to see the progress.
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aliassmith
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Postby aliassmith » Sat Jun 19, 2010 2:32 pm

prochargedmopar wrote:some very nice trades alias,

good to see the progress.


Thanks
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aliassmith
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Postby aliassmith » Sat Jun 19, 2010 2:59 pm

I think I have a headache because I think of trading so much. :shock:

Thinking some more......

I believe major trends, market moves, etc. are based on fundamentals.
What information is out there and what does the bulk of the "big money"
believe price should be.

So, "big money" votes most likely on big timeframes.

Then there are minor trends or trends within the major trends. The players
in here are probably using short term "news" and techincals to make
decisions. They have free reign within the supply and demand levels of
the "big Money".

Then there is micro trends or trends within minor trends. The traders in
this arena have free reign within the major trend players' supply and
demand levels.

Ok maybe oversimplified but it is how I envision what is going on. I did
not believe in trends until I had this vision :)

If you study hard you can catch when the micro, minor, and major trends
are about to be in confluence and make killer moves.

I think this is what MightyOne has wanted us to SEE.

What do the high timeframes tell you?

How can you enter on the smaller timeframe with low risk and high
potential?

Currently I don't trade like that. I am a scapler(m5,m15), but I have to
look to the future. :D
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Postby aliassmith » Sat Jun 19, 2010 3:02 pm

Note to self. Make post about interplay of order stacks. :idea:
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