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ghous replied Oct 1, 2013Waiting to trade that high, makes no sense for me. Consider the scenario where, in taking an entry that high, price is headed straight into a major consolidation box low that should make, me personally, very nervous and jittery. image g.
Mastering the Art of Trading
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ghous replied Oct 1, 2013My girl friend ditched me but I still love her.
image g.Mastering the Art of Trading
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ghous replied Oct 1, 2013I do appreciate the fact that the fake out is off of a major long term LLS and the BRN confluence of 9000 just takes the credibility miles ahead. That said, I also believe that the trade is running into some traffic as you guys identified. A small ...
Mastering the Art of Trading
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ghous replied Oct 1, 2013hey Stephen, I'll see if I can get the time today to do a quick video on this. g.
Mastering the Art of Trading
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ghous replied Oct 1, 2013WOW! Great to have you on board!
We are big on round numbers here too. Not sure why anyone trading order flow / PA wouldn't be big on them. And nice trade.
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ghous replied Oct 1, 2013Something is not right here, you have drawn an LLS level, and you should be looking for long opportunities here not short.
Let me know if this is unclear. g.Mastering the Art of Trading
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ghous replied Sep 30, 2013Ahh Nice! Did you take this? I love your identification of that major trouble area where price bounced off. Trouble areas are despised usually because obviously they can create obstacles for your nicely running trades, but I think they are extremely ...
Mastering the Art of Trading
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ghous replied Sep 30, 2013Hey Neytiri, The purpose of creating a fake out isn't always to simply reverse the trend big time. It's really about playing games here. Reversing the whole move is very often the objective, but its not rare to see a fake out play a mere pull back ...
Mastering the Art of Trading
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ghous replied Sep 29, 2013By the looks of it, you probably missed the consolidation box on the left which is an uneasy thought for me because given that you actually took the trade on the 4H the consolidation box was crystal clear on that TF. In fact price did exactly what ...
Mastering the Art of Trading
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ghous replied Sep 28, 2013Order flow knowledge is definitely not something beyond the umbrella of price action trading, but since it reaches to the depth and the real core of why price moves the way it does it looks at price action trading through a more detailed viewpoint ...
Mastering the Art of Trading
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ghous replied Sep 28, 2013hey Neytiri, which broker offers that pair? Although Spyderman summed it up really well for you, I could try and add something if I could look around that setup a bit, specially the 4H where you said you took the trade off. g.
Mastering the Art of Trading
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ghous replied Sep 27, 2013Out with a breakeven on the USD/CAD. After a whole painstaking 5 days of waiting, eventually I know I want to be out of this one. Price is just stuck at that prior small consolidation box and despite some attempts to break through the 1.03 it has ...
Mastering the Art of Trading
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ghous replied Sep 27, 2013Yeah. At the end of the day I think these are the moments that make us strong and give us the chance to really prove our worth in this business. Its about moving on and choosing to not live with the disappointment to keep the head straight and ...
Mastering the Art of Trading
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ghous replied Sep 27, 2013With 4 freaking days to show me this momentum it decides to move on a Friday and when I am flat.
This business never ceases to test you to the fullest.
Good to see the anticipated bigger story revealing nicely though.
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ghous replied Sep 27, 2013hehe. That's ok Steve. Great to see it do what it was always supposed to do though which is always refreshing to see.
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ghous replied Sep 27, 2013Pretty much spot on lametrader, This goes back to the video I did earlier "breakout vs fake out trading" where towards the end I get into why a rounded retest lines up the markets for breakouts whereas sharp spikes and obvious consolidations beyond ...
Mastering the Art of Trading
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ghous replied Sep 26, 2013I am out of the AUD/CHF trade for very nearly a breakeven trade (a very minor loss). This trade showed no signs of moving at all right from the point that I took the entry. And in this weak state the trouble area around the 8500 region was always ...
Mastering the Art of Trading