The run up - taking my 5 year old to school
the run down - meeting
Just a matter of picking up on the pattern that price is moving - hit 100 yesterday and 100 the day before watching the way price moved after consolidation from the open at 5 pm est and figuring out the best time frames to play agaist each other - 15 minute candles on 4 hour candles seems to work best for me
I figure there are only 6 patterns relative to the open to watch for - 3 up and 3 down
if Price breaks from consolidation but doesn't hold the open price- looking for a reversal
If price breaks from consolidation, holds the open price and doesnt retrace at all - look for a steep fast run- (i can tell by the lack of semafor numbers how steep it is) and a big (50%) retrace when it finally stops and then another solid turn
If price breaks, holds the open, has a nice consolidation not too far from the open, the run will be more gradual and longer, but with fewer corrections along the way
And this sums up the EUROYEN for the last two days...........
Now to work your angle thing out
Stay tuned for more blinding flashes of the obvious........
MightyOne wrote:You made over 200 pips this morning?
That is what I am talking about:
If price moves a hundred to hundreds of pips per day there is no reason why you can't get at least half of it...
razorboy wrote:Funny how you should post that
I had initially gone long when price broke to the upside and "temporarily consolidated" above the open
went to bed when it broke to the low side - put in a limit sell that never got hit.......ya, I was looking for a bit of a retrace
Went long from 128.59 cover at 129.67
Short 129.547 cover 128.50........
Your patterns are becoming clearer once i start focusing on the price action at the relative to the open price...........I am trying to crystalize them on paperMightyOne wrote:
Now explain to me how you did not shovel pips into your account on this move
Were you sleeping?
Were you expecting a higher high?
When It broke short were you waiting for some sort of
confirmation that price was going down?
Were you waiting for a retracement?
When It retraced why didn't you enter?
When It broke short again were you scared that price would retrace?
Maybe you thought that the move was over?