Trying to find my way

[Airborne]

I got to help my wife put together a desk and so moving stop to break even

[Airborne]

Here is the template for trade #4. I might get stopped with a 1h retest of resistance. 15m sto turning up.

[Airborne]

Well I shut it down for a few pips


#1 +30 R 1.25
#2 -35 R- 1
#3 +118 R+1
#4 +8 R+.02

[cadarkitek]

Well whatever it was i capture 19 pips going short as shown.

[Airborne]

#5 was a quick bump play off 15m on sto turning up. I had 10 pip stop off entry @ 1.9826. Anyway it is a R+1 and so I’ll take it. I think that is it for the day. Ema’s are in convergent mode on 15m. 60M depict nice daylight and testing price resistance.

The 4h chart is showing convergence of the ema’s suggesting use caution.




#1 +30 R 1.25
#2 -35 R- 1
#3 +118 R+1
#4 +8 R+.02
#5 +10 R +1

[Airborne]

Originally Posted by cadarkitek

Well whatever it was i capture 19 pips going short as shown.

Hey Cadaritek, good job! Well to answer your question on divergence I must admit that it is and isn't. I look over 3 time frames and get a bias to get long or short. Yes the indicators help with this but price action and support and resistance play a big part. I'm not using the Cowabunga system per say just the template to form my way. Now I'm new to this method and so I'm not sure I could explain my mindset just yet.

thanks for dropping by and keep it green!!!

[Airborne]

Well seems as if I missed today's run... The 4h turned back up and might test 4h resistance. 1h turned up and currently in overbot mode, same with the 15. Notice the nice daylight in the ema's. Ths indicates nice trend. For now I'll do nothing until I see a possible play. Being late to the party normally means a loss for me in the past.

[Airborne]

#6 went short @ 1.9917 and 1.9915 with 20-22 pip stop targeting ½ @ 10ema from 1h @ 1.9897 and other ½ off 1h 15sma @ 1.9861. If first tgt gets hit stop will be moved to break even

First order looking for R1
Second looking for R2.4

[Airborne]

First tgt hit for R1 moving other 1/2 to break even.

[Airborne]

I do not like the action off the 15m and so I made a discretionary call and closed the trade out.


#1 +30 R 1.25
#2 -35 R- 1
#3 +118 R+1
#4 +8 R+.02
#5 +10 R +1
#6 +20 R+1 and +20 R+1