every period is comprised of open, high, low, close the market has 3 types of structures bull bear ranging price moves in waves

What do you absolutely know about the Market?

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Red Lions Trading Journal

im splitting my army in 3 1 lot scout on the usd/CAD it looks good for a swing short. and the USD/JPY is looking good for bullish swing, these are going to be 2 minor side attacks but the main attack comes at the eur/usd these i will actively manage ...

Red Lions Trading Journal

lets begin the trade — 5/18/11 havent been focusing much the past 3 days and i have missed out on 238 pips since the market found support at 1.4120 i see an area of resistance at 1.4250 however i will have bullish biased for todays trade. here ...

Red Lions Trading Journal

leighsww has an interesting concept still derived from the art of war and to our great mentor FTI she believes in splitting the army she trades 1 lot in 6 different currencies and is able to rescue with less risk exposure, does not actively manage ...

Red Lions Trading Journal

You know, the more I think about it, the more I realize that going with or against the trend is of little importance if you know how to rescue safely. That is the key ... to be able to safely and successfully rescue. The market is so random, that ...

Red Lions Trading Journal

trade succesfully rescued bought 3 lots at 1.42250 to bring my average close to market, got out with -.50cts sold 1 lot scout image

Red Lions Trading Journal

dont look at timeframes with that mindset. price has no time frames if you pull up a chart what price is doing in the daily, hourly, 15 min its doing the same thing in the 5 minute does the quote appear 1.4200 every where? the only dirrence is the ...

Are they any successful day trader 5min chart?

i dont think english is FTI's mother language. so he is a little odd with his writing however, discern what he is saying. don take trades because the 5sma crossed the 30 sma, i mean you could if you want to, just make sure you UNDERSTAND 1 the ...

Technical Analysis Fallacy

by the way, feel free to pitch in, ask, or comment, criticism is also welcome as i can learn from you. and traders watching my journal in turn can learn as well. lets all share knowledge. heck post your trade, and chart lets see if our opinion ...

Red Lions Trading Journal

one cannot just look at the hourly and not the 5 minute the smaller TF indicate form seems like a reasonable position for a scout. 1 lot that could easily be rescued if need be ill still get some rest ( here is gambling, never leave your army on the ...

Red Lions Trading Journal

yesterday, had i kept trading, i profits would have been good. we had the direction right. the market todays is exhibiting, a toping hourly biased. so here i wont attempt a bullish position, instead i have 2 options, either i go bearish, or await ...

Red Lions Trading Journal

ok today 5/17/11 im about to start trading, many observations made from yesterday if the orders are not clear and precise the the general is at fault"-- sun tzu however if the orders ARE clear and precise but the army does not obey it is the fault ...

Red Lions Trading Journal

true, i have received help from some senior traders here, and i want to thank you from the bottom of my heart, you know who you are and i wont mention names, due to privacy, but i am tremendously greatful as for FTI i think he is a great human ...

Technical Analysis Fallacy

im out for now, will wait for clearer signs, made some pips but my goal is to position my self for the big daily move, i need to feel the direction, although my account is intact with minor gain i believe the last move where i chased the price was ...

Red Lions Trading Journal

note to self, if i dont want to suffer, I SHOULDN'T CHASE PRICE. price strength on bullish move, is HIGHER RISK price weakness on bullish move is LOWER RISK Price strength on Bearish move is Lower risk price weakness on bearish move is Higher risk ...

Red Lions Trading Journal

image now i put my 3 lots in again = 4 lots, the terrain seems clearer now, if they are gonna run stops price seems determined to look for them above 1.42 and if this is genuine demand, now we are in the money, now just buy the dips however, price ...

Red Lions Trading Journal

see that circle area, dont like that too much, they might be running the short stops, to trap bulls and gain better leverage on liquidity, so i scaled back to just 1 lot, just the scout is in right now here is the plan, ill let this develop, if the ...

Red Lions Trading Journal

image price seems to be resuming 4 troop attack in turn will resume The reason for me to post this live trade is so i cant b/s myself later and i can in turn disect my flaws and areas that need improvement. and if you like my methodology, you can ...

Red Lions Trading Journal

i forage 10.00 USD for now from the enemy. no sense in gambling it, in this market conditions, will watch closely, still think bullish bias but that could change we all know the market is alive image this is the risk i could take with the foraged ...

Red Lions Trading Journal