Discussion in 'Interactive Trading' started by SLT, May 10, 2014.
Hi wanted to ask you how you gonna act on the Bullish order blocks when the MS is bearish, what kind of bounce u expect if any at all?
The good old confluence strategy, in a sell model
4 hour data
35 pips by 1 reversal
we gotta fake
now back in support
Ooo.. alternative charting type..
Point and Figure?
only that I use
Can't say I've seen that before. Now I'm curious. ;D
any indication, is a good indicator, when combined with the knowledge you already have...
When is the best time to pull out that tool?
Bear/bull market correction?
we can see the trend quite clearly that started in summer 2013
di you buy all the dips ?? we did...
now...from january this year price got messy...no real distinctive trend...that is why i posted the 4 hour yesterday of that area which consisted of an upmove ,a wide consolidation and then a fake....easy stuff when you know the trend
cable 15 min data
12 pips by 1 reversal
uptrend that started on 11th june
lets see if that supp area holds
Apparently I left so much on the table during Friday's trading session:
Well, it WAS a Friday, so I don't blame yourself too much. It's one of those HTF bits that it was up to.
1.7110 has been there rolling Support for 2 weeks. 1.7040 is the next lower HTF Key Support & Order Block collection. Friday appears to be several major players just unwound a massive amount of their Sell Positions, and possibly flipped them, but we'll see.
I think everyone was surprised that happened on a Friday. Though it was a little funny to watch it bounce between levels on the chart for a few weeks.
a scalp mentality will always end up with table scraps in trading.
Your 5.70 Fib extension is called "Shop Cuhuna"?
Shop's cahuna.. If ya arrive to the 5.7 you can go shopping
I've been meaning to dig into that style of trading for a long time now. Glad you're finding some traction with it.
After a year of spitting blood is about time
Ok, let's try this again... Pound, if you could not run way past my TP and make me feel like I'm a chump for leaving so much on the table, that'd be great...
(Talk of potential rate hike talk by BoE was sending the pound down.. I was to enter after the economic news release that caused the first big jolt down you see on the chart, but I was way late and didn't want to chase it.. so I took it after it pulled a little back and settled thinking we'd make another leg down, aiming for the obvious stops are obvious level as a target.)
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