Disliked@Whitesta Have I drawn in correctly those "sweet spots" with the indicator for Tradingview that you sent me please? Cheers. Uk price is in a range -so far -above US highs? {image}Ignored
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Disliked@Whitesta Have I drawn in correctly those "sweet spots" with the indicator for Tradingview that you sent me please? Cheers. Uk price is in a range -so far -above US highs? {image}Ignored
Disliked{quote} {quote} I'm confused here i must admit. Ok, the 1.022 level was declared on Sep1. It went down roughly 170 pips before rising 330ish and almost hitting 1.022. before falling circa 200 again. I know u don't want to talk about the trade management side of this and of course I accept your decision, but I'm trying to figure out in my own mind how the hell I would trade that ? Anybody care to discuss? EDIT..to get the volume of longs required then that dip around 6 Sep is a nice place as it will take out all the late August bulls with their 100...Ignored
Disliked{quote} Danger-Mouse, I have declared I don't talk about trades. I make this one exception. Just for you. Yes just you, not anyone else. When I made the post on Sep1(Thursday), I was hinting the selling of E$ is over. Market will find a bottom, then shoot up at 1.022 target. The problem with most traders is they don't realise this is going to happen soon and its seen on the h4 chart. Due to blindness. Serious point to consider, if you didn't know that's going to happen there's no possibility to ride that move up. As to Sep6, that's a question about...Ignored
DislikedAny thoughts on majors vs non majors commodity currencies etc like AUD/JPY for example? What are the main differences as you see it?Ignored
DislikedAny thoughts on majors vs non majors commodity currencies etc like AUD/JPY for example? What are the main differences as you see it?Ignored
DislikedHi WFR, the hardest part of trading is to forecast and anticipate the correct moment the intraday "trend" low for AY that has dropped 170% of adr. Have to get the correct hour, correct 5mins and correct 1min at the correct price level. My try to see if this work. Lets see. {image}Ignored
Disliked{quote} The hardest part for such a contrarian trade is to be there at the exact 1minute moment(could be anytime) of this trading day to execute this 50pips trade. And to pile on the pressure on the mindset, to show this reversal trade close to real time on FF. That's why the highest cost traders pay for trading this forex market is time. Cheers Edit - I make such posts to try open your mind that nothing is impossible if you put your heart into it. And you can be sure that I don't use level2 volume data, or any sophisticated indicators, candle patterns,...Ignored
Disliked{quote} Hi FWR, today is a good day to trade the yen cross instead of the dollar. Yesterday the majors reverse towards wol, today the same thing happen with yen. The difference is when we sell A$ it's at year low. Whereas, when we sell AY it's at year high in a bullish month. The distance definition, (prevailing bull/bear) characteristics and risk are different. Overall, for the month of September it's a lot easier to buy yen cross then sell majors. Trading the reverse is more difficult. Aussie and Cad cross offer good trading opportunities too....Ignored
DislikedIn trading, you can know direction of price but you must also know the intent of that direction. That is the key. Direction and intent. {image}Ignored
DislikedBasically yes, but it's really all about the levels and where you are in the cycle. That is the key. Once location within the cycle is known, all "intent" is known as well.Ignored
DislikedPeople limit themselves thru fear and those fears become their facts. Which of course obscures any exploration of the truth for them. Even when it's shown to them repeatedly.Ignored
DislikedReal traders protect their sh*t to their last breath. Because they know the value. They know how it works.Ignored
DislikedIts quite tough to not pull the trigger when live trading. A lot of patience is required .......... Thats why i say lots of patience is needed and why its good to trade 2 or 3 pairs so u can see how they move. Always room to learn. The hardest part for me is when there are big candles moving in different directions traying to suck us in. Once u have analysed, stick to it and only pull the trigger when price is where u had anticipated it.Ignored
Disliked{quote} Hi whitesta, that's why I wrote, take one intraday 50pips swing trade a day. It could be zero trade. And I can see you don't trade pattern per se. You make logical and sensible trades with time as the most important variable. Take a look at AY and CadY, they tend to move in tandem. For your bolded problem because of increased volatility mostly due to red news release, wait for lh or hl. CheersIgnored
DislikedJust had a look at A/Y and Cad/Y, both had very good setups 1hr after London Open. Time and rejection of RNs.Ignored
Disliked{quote} Notice the volatility(huge candles) is a lot less. NY session has a lot of red news release that increase volatility with huge candles(normally larger than London session, so your distance dimension get distorted). It won't be suitable for your trading style. It's more suitable for traders who like to scalp volatile spikes. CheersIgnored
Dislikedyes a lot less spikes. I will look at these pairs too. Also i was looking at the EUR/AUD yesterday trying to understand how to take continuation trades as i mostly look for reversals. The 2 arrows on the chart was the HLs where i thought could be good entry points. and the RN below was rejected. I didn't take the trade cos not sure about how to take continuation trades yet. I have put points on chart, could you please have a look whether i am seeing it right? Thanks {image}Ignored
Disliked{quote} Yes, you are right. EA is a good pair to trade. The trick to trade this pair is to look at A$. If you plan to long EA, check A$ to trade below dol, vv. Simple check to clear your doubt. If you chose to trade EA, keep an eye on ECAD as well. Use the same trick, watch $CAD. Cheers.Ignored
DislikedA decent GBP/JPY trade. Again after London session. Its quite tough to not pull the trigger when live trading. ...Ignored