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Jared replied Aug 12, 2019Good to get a image in the mind of how the pattern looks, normally though I don't like so much clutter.
Swings and scalps
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Jared replied Aug 12, 2019Setting an entry at this fib level confluence with the sma 50, the next touch on the 1 hr. Where the arrow is. Then after the next time frame and the next. It may end up also a good short scalp if it holds below the sma 50. Basically just reverse ...
Swings and scalps
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Jared replied Aug 12, 2019That was a precise touch of the 5 min sma 50. I wanted in a little lower than that and missed it. Watching the momentum. Touches off of moving averages on lower time frames means it is picking up perhaps on the larger ones. The MACD crossover was ...
Swings and scalps
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Jared replied Aug 12, 2019Spiked already, volume upswing and MACD crossover. The ascent begins perhaps, or it may just be picking up steam and will whip back to my entry. sometimes there is some back and forth before the bigger trend.
Swings and scalps
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Jared replied Aug 12, 2019Just to hedge a bit, my account is in bitocoin and it may retrace more.
Swings and scalps
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Jared replied Aug 12, 2019This certainly is affecting metals. I think it's great to be able to buy a contract with 100 times leverage. I think a couple more down daily candles and then long with a stop below recent low in case it is a bear flag. The overall pattern though ...
Swings and scalps
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Jared replied Aug 11, 2019Many waves cresting simultaneously. Overbought RSI, new trend signals. Perhaps an aggressive entry is good. May not be time for a retrace. I expect tomorrow there will be a bit of volatility, as the market decides if it really is a recession. Plus ...
Swings and scalps
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Jared replied Aug 11, 2019Larger and smaller wave measurements. More of a pullback is best for an entry but it could spike if this recession sentiment really takes off. I'm thinking an aggressive long is good.
Swings and scalps
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Jared replied Aug 11, 2019To prove that it is not my analysis, but my money management that has been my downfall, right where the arrow is I had an entry order but canceled it due to bad money management, stacking trades too high, kinda over my head marigin wise. Large ...
Swings and scalps
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Jared replied Aug 11, 2019Starting off the week. Low risk in forex. I am watching gold and silver still. Treasuries are down and so is the SP500 so gold is up. Next recession they say, again.
Swings and scalps
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Jared replied Aug 7, 2019Barely took out my stops then went in my direction as planned, only with a loss. Perhaps I should change the default stop to 150 pips so a spike doesn't take it out.
Swings and scalps