Lem's Big Box O' Stuff.
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- LeMercenaire
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Re: Lem's Big Box O' Stuff.
H4 is just about at a full 50% retrace...
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- LeMercenaire
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Re: Lem's Big Box O' Stuff.
15-min and 5-min are showing a hold call. Hopefully not for long.
UJ 15-min
UJ 5-min
UJ 15-min
UJ 5-min
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
We're off and running
UJ 15-min +6.8 +16.7 so far.
Once again, as fek'n always, I can't post up a chart with any ink on it, so can't show the full chart...
UJ 15-min +6.8 +16.7 so far.
Once again, as fek'n always, I can't post up a chart with any ink on it, so can't show the full chart...
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
I do have to say that every bone and fibre in my scalper's body is screaming at me right now to close those trades for a nice, healthy profit!
So if it all goes pear shaped, I hope you know it'll all be your fault, you lot!
So if it all goes pear shaped, I hope you know it'll all be your fault, you lot!
- aliassmith
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Re: Lem's Big Box O' Stuff.
LeMercenaire wrote:I do have to say that every bone and fibre in my scalper's body is screaming at me right now to close those trades for a nice, healthy profit!
So if it all goes pear shaped, I hope you know it'll all be your fault, you lot!
Percentage wise how healthy is 23 pips?
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- LeMercenaire
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Re: Lem's Big Box O' Stuff.
Pulled all the way back and now making its way down again.
Having thought about it, instead of simply letting the trade breathe - old school indeed, lol - perhaps I should go into how I would actually run a trade like this, should I by any chance want to run it over a day or whatever.
What has just happened would have shown that technique perfectly, in that once I had seen those in-profit figures, I would in fact have closed them and bagged.
Then I would have waited out the pull back and then re-entered as it turned once more (plus there would also have been the option to either trade the retrace as a stand-alone or as a hedge/nedge, real hard-core stuff!).
I would then rinse and repeat all the way down this move, in-out, in-out, shake it all about
Anyway, that's what I would have done in real life. As I said.
You will therefore also be able to note that this is simply my basic scalping method, literally up-scaled on the time frame.
It is so funny, I truly hadn't realised just quite how far from the long time frame trader's mentality I had actually come. I really don't think I could go back now.
Having thought about it, instead of simply letting the trade breathe - old school indeed, lol - perhaps I should go into how I would actually run a trade like this, should I by any chance want to run it over a day or whatever.
What has just happened would have shown that technique perfectly, in that once I had seen those in-profit figures, I would in fact have closed them and bagged.
Then I would have waited out the pull back and then re-entered as it turned once more (plus there would also have been the option to either trade the retrace as a stand-alone or as a hedge/nedge, real hard-core stuff!).
I would then rinse and repeat all the way down this move, in-out, in-out, shake it all about
Anyway, that's what I would have done in real life. As I said.
You will therefore also be able to note that this is simply my basic scalping method, literally up-scaled on the time frame.
It is so funny, I truly hadn't realised just quite how far from the long time frame trader's mentality I had actually come. I really don't think I could go back now.
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
aliassmith wrote:LeMercenaire wrote:I do have to say that every bone and fibre in my scalper's body is screaming at me right now to close those trades for a nice, healthy profit!
So if it all goes pear shaped, I hope you know it'll all be your fault, you lot!
Percentage wise how healthy is 23 pips?
The first lock-in target is 70 pips away from entry.
That would be around the 50% level of the big move up on H4 chart.
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
'Morning all.
Well, this pain in the a** is still hovering around. So much for getting a nice clear example
UJ 30-min
You'll have noticed that I have added another entry at a better price.
UJ H1
You'll also see that the entry is still perfectly valid on the H1 and H4 time frames.
Well, this pain in the a** is still hovering around. So much for getting a nice clear example
UJ 30-min
You'll have noticed that I have added another entry at a better price.
UJ H1
You'll also see that the entry is still perfectly valid on the H1 and H4 time frames.
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
Nothing much of anything happening for me this morning (except for playing about with Alias' set-up, which is fun ), so will stick up another view of our UJ play.
This is a pure Thunder+Lightning set-up, with HA candles.
I add S+D to this, as HA needs a sauce to complement how it works, as it is not as clear cut as looking back at past charts makes it seem.
Anyway, this clearly shows why we are stuck in the mud just now...
UJ 30-min
UJ H1
So you can see in the above, how price is trapped by S+D. We need some momo to break through.
However, should we get that, you can clearly see on the H4 how much clear air we have to move into, so frustrating as it is, it is very much worthwhile hanging in there with it.
UJ H4
This is a pure Thunder+Lightning set-up, with HA candles.
I add S+D to this, as HA needs a sauce to complement how it works, as it is not as clear cut as looking back at past charts makes it seem.
Anyway, this clearly shows why we are stuck in the mud just now...
UJ 30-min
UJ H1
So you can see in the above, how price is trapped by S+D. We need some momo to break through.
However, should we get that, you can clearly see on the H4 how much clear air we have to move into, so frustrating as it is, it is very much worthwhile hanging in there with it.
UJ H4
- LeMercenaire
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Re: Lem's Big Box O' Stuff.
US Unemployment Claims landing this arvo, 13:30 UK-Time.
Yep, that'll do it...
Yep, that'll do it...
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