Hey Neytiri, Again delaying the entry so far off isn't what I am looking to do. For me it really counts to be able to get as near to the LLS/HHR point as possible. For example that 4H close above the trend line would be a more appealing entry for me ...

Mastering the Art of Trading

Hey Pips learner, Actually the times that I delay my entries are usually the occasions where we are running into a trouble area straight away and price just decides to hold up at them, and then as it hints on breaking out I am then looking to get ...

Mastering the Art of Trading

lol I don't have it either. We can always watch and have fun though, no? Perhaps even take entries on demo and practice our trade management while at it g.

Mastering the Art of Trading

One for the watch list. I am looking for a nice close under the 17.7 image g.

Mastering the Art of Trading

Well, CAD/CHF would still have been a no go for me off of that bar. I had my eyes on that PPZ just above (refer to chart below). Trend lines breaks don't mean that you can take any kind of horizontal S/R coming in the way totally for granted. It ...

Mastering the Art of Trading

Generally speaking, that is true. Since price has broken through the support it should be expected to hold as resistance. If it doesn't we, the fake out traders get alert to the situation. g.

Mastering the Art of Trading

That HHR won't be valid as we had price penetrate it earlier and create a new higher HHR. image g.

Mastering the Art of Trading

err.. not sure there buddy, g.

Mastering the Art of Trading

Oooh! That is an overly delayed trade IMO. Plus notice how the 4H trigger bar you saw as being able to close under the 155 actually only just closed below with the next bar creeping back up to close above the 155. The S/R flip just underneath the ...

Mastering the Art of Trading

Hey Str8, I apply the concept to only HHR/LLS levels. But there are merits to further modifications I am sure. g.

Mastering the Art of Trading

yeah I wouldn't personally want to short within a wedge. WOuld make very uncomfortable. You are right in that taking a trade on that bar close within that wedge would have made it tricky because of the traffic within the wedge. g,

Mastering the Art of Trading

The traffic is part of a wedge which doesn't work the same way as your side to side support and resistance does for a consolidation box. Here the traffic is defined with trend lines. So if price closes above the resistance trend line here we can ...

Mastering the Art of Trading

This is one I am looking out for. Would prefer a 4H close above the 10.00 g.

Mastering the Art of Trading

Yes it can. And of course its illegal. What I am saying is in the event where one does get caught up in this mess, and of the broker is honest, you can always file a case and drop down on them to have your money restored. But then again, it ...

Mastering the Art of Trading

Hey Digu, You got a good response from Spyderman, Just to add on . . . Price rises as a result of the imbalance between buyers and sellers or demand and supply. So if there are more buyers than sellers at a particular price level its impossible to ...

Mastering the Art of Trading

I was really hoping for a daily close a little bit further above the LLS on yesterday's bar. Not to be. Closed way strongly as a bearish bar. Pass for me. g.

Mastering the Art of Trading

1%-2% with the risk being more skewed towards 1% for the most part. g.

Mastering the Art of Trading

Yes it can be done. Though I force myself to not over do it as that is easy to do (its natural to want to go in with as tight a stop as possible to boost R:R). I like to keep my time frames independent but in the situations that I do use a lower ...

Mastering the Art of Trading

Yes. That's always a smart thing to do. Even better if you can drop down a time frame to watch a few bar closes to confirm the LLS (in this case) holding and then simply use a bullish bar as your trigger bar all the way up to that target area. That ...

Mastering the Art of Trading

Hey Digu, I am glad you were able to spot that out. Price accumulating and then thrusting forward (like a caterpillar) is what creates the choppiness and lack of space for a trade back into that kind of movement. Brilliant! g.

Mastering the Art of Trading