strange, I got totally different candles at that time, than yours Gootson
lukx zline trading log + cfabian p.35 + adaseb p.48
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gootson wrote:Question on the picture... How to avoid that kind of mistakes? How do You know if current move up/down has ended and theres a chance for reversal?
Basically when it approaches an area of interest you need to analyze what is happening.
If it looks like it might bounce then look for a long entry, if it passes the area like it doesn't exist, then ignore it.
- Braathen
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es/pip wrote:bacoazul wrote:Braathen wrote:Baco.. what im seeing is..
Momo up to target1.. retrace.. momo high breached and BO traders gone long? Fast and neatlly instant retrace.. shakeout. zline and up again.
Ty Braathen i see what your sayinges/pip wrote:bacoazul wrote:Hey MO, es/pip or anyone that want to give
me some feedback on this trade, i was trying
to find an entrie in this area:
But i couldn't find a good/little risk entrie
even in the 5Min chart:
Maybe any of you guys take this trade, or have
an advice to were u could toke it.
Ty in advance.
i scalped out of there for a few
tough to get in on momo and retrace bec there was not any retrace---- but that was the entry
this is what i did
m15 down momo bar
next bar couldn't bounce at all
sell
cover at m15 zl
Ty Es/pip , i was thinking the same thing
but on the 5min chart, i see how 1 bar make
not retrace, the next one neither, the 3rd bar
can't make it neither and the next bar just die.
I did not make my entrie there because it look
too risky, but is nice to see that i was seeing
the same as you
I didnt get that short either.. GJ or GU
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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adaseb wrote:gootson wrote:Question on the picture... How to avoid that kind of mistakes? How do You know if current move up/down has ended and theres a chance for reversal?
Basically when it approaches an area of interest you need to analyze what is happening.
If it looks like it might bounce then look for a long entry, if it passes the area like it doesn't exist, then ignore it.
and what if it's approaching the zl for a second time? like gu now aprochaing long momo zl on 4h and daily?
lukx wrote:adaseb wrote:gootson wrote:Question on the picture... How to avoid that kind of mistakes? How do You know if current move up/down has ended and theres a chance for reversal?
Basically when it approaches an area of interest you need to analyze what is happening.
If it looks like it might bounce then look for a long entry, if it passes the area like it doesn't exist, then ignore it.
and what if it's approaching the zl for a second time? like gu now aprochaing long momo zl on 4h and daily?
If it looks like its bouncing then look for a long entry because it could be a double bottom off that old resistance which became support area.
- newark18
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This is probably one of those questions that gets ignored by everyone but does it seem like GJ, EJ, GU and EU affect each other? For instance, if GU is moving hard towards a ZL, GJ will also move hard in the same direction even though there is no profit in that direction. I dunno, maybe I am just crazy.
Failure is an opportunity to learn.
newark18 wrote:This is probably one of those questions that gets ignored by everyone but does it seem like GJ, EJ, GU and EU affect each other? For instance, if GU is moving hard towards a ZL, GJ will also move hard in the same direction even though there is no profit in that direction. I dunno, maybe I am just crazy.
All the pairs are connected in one way or another.
Especially all the major currencies.
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