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the_wizard replied Aug 16, 2011Sure I don't have to tell anyone I'm going to be hammering Cable long at 1.6467 on a rounded retest.
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the_wizard replied Aug 16, 2011That's exactly what I was looking at...not sure shorting it here is the highest probability trade in light of this huge trend up but there are fantastic opportunities if it turns, to stack it down to the gap fill at $1663. I'm looking for PA right ...
Nearly Naked (Simple Trades)
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the_wizard replied Aug 16, 2011Excellent trade management on that Euro (the loss) German GDP has put the Euro in a bit of a tailspin. I think a push down to 1.4329's is on the cards now. Might try it long here.
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the_wizard replied Aug 16, 2011This would have been a good area if it wasn't for German GDP.
james16 Chart Thread
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the_wizard replied Aug 16, 2011That's a great setup. Sometimes you just have to stop out and get back in if the setup presents itself. It's very hard to do though.
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the_wizard replied Aug 16, 2011A few things to point out ; 1) In prop I sat with professional traders, some of whom were taking hundreds of thousands of pounds out of the market each week. I would often ask them their reasoning on a trade while watching their entries and their ...
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the_wizard replied Aug 15, 2011I was bidding for that this morning at 0.7745 but it's bounced a little way ahead so far.
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the_wizard replied Aug 15, 2011Moving to be is probably the worst thing you can do, if you want my opinion.
james16 Chart Thread
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the_wizard replied Aug 15, 2011LOL! Keep seeing people averaging into short EURUSD positions on Twitter. This is a long on a pullback as far as I am concerned. 4400 looks great if its rounded. Failing that 4324 next key point of interest.
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the_wizard replied Aug 15, 2011Just wanted to follow up on this post with blind touch approach vs price action as I see it, when it comes to entries. (check the post above for the original chart I attached so you can see I have not changed the levels in this one) Levels Traders : ...
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the_wizard replied Aug 15, 2011Man, I've gone from hating the USDCHF to it being my favourite pair overnight! :-)
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the_wizard replied Aug 15, 2011I have marked two examples of SPF on your chart. Point 1) Market makes a swing low in the circle and then rallies away from here. It doesn't have to rally to an FTA, it just has to rally off the low. How much is discretionary but I like to see some ...
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the_wizard replied Aug 15, 2011In the webinar I explained why this did not appeal to me as much when I dropped down to the H1 and why (if I traded the crosses) I would bid at the white dashed line down at 96.32. I have attached a chart - if there is anyone that has attended the ...
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the_wizard replied Aug 15, 2011This is an update on the potential trade that we spoke about on CHF/JPY in the webinar. You will see from the image attached of the D1 time frame that there is an obvious level at 97.74 that looks like a fantastic potential trade at first glance.
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the_wizard replied Aug 15, 2011This chart shows the PA that has now occured at the level after we have entered at it. As I said in a earlier post, if you get good at identifying the turning points, the old way of trading price action becomes like a lagging indicator. At the point ...
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the_wizard replied Aug 15, 2011The USDCHF has hit the offer I had in the market at 0.7889 that we spoke about in the webinar. We've reacted over 60 pips off here so far with a 7 pip drawdown.
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the_wizard replied Aug 12, 2011K - Not one. I see no interim swing UP for this to be breaking the lows of. L - Not one. Again, no prior swing that this is breaching and failing at. M - Yes but like anything there are SPF's and there are excellent SPF's . The pattern is ...
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the_wizard replied Aug 12, 2011I do not think H is one. I have marked the swing lows I would be looking at with dashes. The candle that breaks the highest one does not close above. The SFP marked with the letter "I" could be one but it hard to tell. It looks like an equal high ...
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the_wizard replied Aug 12, 2011Here are my thoughts : A, B and C from the first image you posted (not shown here) are valid SFP's. In the image below, E and G are also valid SFP's. I do not think D is. The reason for this is that I don't call the move up that I have marked with ...
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