Libertarian wrote:Some accountants were inquiring about buying Bitcoin in the office todayMightyOne wrote:BTCUSD.png
Great tune BTW
I don’t know nothing about trading but..
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Libertarian wrote:Some accountants were inquiring about buying Bitcoin in the office todayMightyOne wrote:BTCUSD.png
Great tune BTW
TygerKrane wrote:aliassmith wrote:MightyOne wrote:These are the recent minimum spreads as recorded by OANDA.
USDZAR_HISTORY.pngTRYJPY_HISTORY.png
Ended up looking at the USDTRY. It had about a 5 pip spread but moves about 3x the GBPJPY. I think the margin is really low also. It could be my new love
Were you looking at the average spread?
Right now, 6P EST, I see the spread as @60 pips on Trade Interceptor, and @100 pips on Oanda
Maybe I need to check back during the Euro/US session crossover.
MightyOne wrote:BTCUSD.png
MightyOne wrote:You don't have to pay anything but attention.
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Libertarian wrote:Here was a dumb trade i took. Late at night, should have been going to sleep, but I just had to trade it, and once again, the difference between Oh s**t and OMG is razor thin.
daily.PNG
So I missed the daily bounce off of obvious support become resistance, even though I was sitting there with my finger on the trigger, "here she comes...and it gone" this has been a VERY common theme this week.
But so I saw on the 4hr we just shot up, lots of
people sitting in profit. Thinking its time to fade this sucker back down to that D1 support.
4hr.PNG
So I start looking for my levels. I see my 4 hr level, price closes in the area, look to go short. NO problem.
1hr.PNG
So I shorted off the little 1 hr MO/BDP (first arrow) right as it came back to the zL (blue line). Price then closes higher on the 1hr and I think I better get out, but I see the 1hr level a little higher (4hr wasn't closed yet) so I hold thinking price is still closing in my area. Then the 4hr candle closes against me, outside of the 4hr level. Shoot, so I say, well then we must be going higher after all, and I see price breaking out of a 1hr pattern, So I was expecting PA I indicated with the lines, bounce and continue on. I set my short for TP and enter a limit to go long. Nope, price comes back to the level, closes back in the level with the 4hr and cruises lower to take out all those folks holding onto some $$.
One of those times where the smaller TF was the truth and the higher TF was the lie.
Libertarian wrote:I see that clearly as day. I was just on the wrong level. I thought because it jumped over the 4 hr level, that level would act like res become support. And the 1hr level was ready to go. I saw the 1hr MOMO and I thought that was just running the stops just under the level. Then zoom. Just goes to show, I think I need to be more nimble. what is the chart showing me. Would like to think I could have entered at the second arrow, but alas, I doubt i. I would have been waiting for another BO, and the train had left the station. before that. The return to the 1 hr level/zl, that was where i would have entered potentially, Should have just believed that that was just too fast a move on the daily. Sometimes just the candles screw up my mental picture and recently the mental picture has been more right than the candles. A little bit scary. At the end of the day its just your money on a chart.MightyOne wrote:You don't have to pay anything but attention.
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