What always frustrated me with stochastics is that you switch from 5 min to 15 minute chart and it changes completely. :X What makes you use the 5min to look at stoch if you don’t mind me asking???
Thxxx
I would like to enter long EURUSD at NYO … we’ll see though
Bearish OTE in bonds
I see your point, and the flaw in my thinking, I was looking at the 5min because the divergence was shown clearly there… I guess if you look long enough you can find entry signals everywhere…
But the most important aspect, is that it happend in a killzone, and close to the weekly OTE(not inside the 62-79% retracement), and I was looking for a bullish setup…
PS. There was also a 5min Stinger/Grail?? Setup just now, with a OTE from the consolidation in the middle of the last move up to now(a bullish stochastics divergence). I would never have traded that setup. Weird though, its almost identical to my weekly setup, with the low last week beeing a consolidtation before moving up, and then down to today 
PS2. It looks like my signal in NYO wont happen any time soon 
Will watch just in case, but I guess my chances are better tomorrow now 
Perfect trade it was not, what it was was a trade with good reward to risk
I started the day with a strong bearish bias, after yesterday’s PA. I then started ‘playing’ with the ‘tools’, which seems to be whispering “go Long”. This has to be a Short I thought, Then I realised that there was clear Divergence between the US Bonds and USDX, which I posted. Initially that is what finally made me eliminate going Short. I subsequently looked at the Daily - still in an uptrend. MS still intact, so much for being in a down trend, I suspect that is what we were supposes to believe (read feel)
Lucky, I think not. Just rolled the dices that were (imho) weighed in my favour.
Just took final TP 13546 (about 73 pips)
EDIT: PS I’d still be Long except it hit my tight trailing stop - never could bear to lose those profits - I need to improve my exits. Often TP too early . Bonds indicating that USX has much further to fall
Good job!
Closed final position @ 1.3560, Id like to see 1.3580 tagged for a definite confirmation of bullish continuation.
Nice one - that was also my final TP. Daily Pivot and AR Low from mid last week, getting close ADR5 hi etc. Trailing stop took me out a little too soon.
Currently US Bonds seem to be leading the USDX by less than a minute,
Snapshot at 11:30gmt
I only use Stocs on the H1, very rarely, if at all, M15.
M5 is just noise imho
In retrospect, the entry could have been fine tuned on the M5. I need to exercise more patience!!! More patience = more pips.
This would have improved the Reflection (H1) and Higher TF OTE (79 H1)
The red vertical line at 16 is LO. The 16 is 4pm Perth time (GMT+8)
This is why I like short-term intraday trading and why I’ll try and catch the daily move each time and one of these a week is more than enough to pay me. I hate sitting through large retracements, it distracts me from getting in again, I find it quite off-putting. Even if the stops are at BE and I’ve been paid for that trade. Maybe I need to practice this more often when I do have a good trade… (like today for example)
I think my problem is that I see the profits disappearing, approaching my SL and I think, hmmmm, should I really get in again? Are we definitely continuing on track? I start to second guess myself.
Thanks for this TopFroxx. I took a buy at 1.3475. I think the reason you don’t like this trade is there really isn’t a LO specific signal… No nice ote or something…
In my opinion this is the same set up that most people took yesterday just at a better price…
Anyway thanks for the criticism. That’s what causes me to learn.
peterma, did you see my comments on what you were saying about Mondays LO set up? Again, I am fishing for positive criticism.
Ok so fibre went towards pivot and could not hold as expected, we’re seeing the pullback now… hoping for OTE @ 1.349 long. SL @ 1.34475 and TP at the Pivot 1.35590. Heavy SL so only trading 1/2 equity as usual (1%).
Concerns are its late in the session.
What do you guys think?
I went Long again, although NY Session is often not good to me
bounce off AR Hi and Bond Price / USDX PA
Lately some big moves are happening late NYKZ
Obviously could go either way.
Fiber the stronger compared Cable
I’ll leave trade until early AS.
Ok, I think you guys are right and that it seems 50% could be a strong resistance. However I will leave my trade as is at OTE. If it does not hit I will close it out. I want to make a habit of using OTE.
There it is… I will wait until tomorrow before trading, feels like most of the days move has been done… Good luck with the trade though!
Hello Everyone,
Had some nice shorts today on GBP/USD and EURO/USD.
Pippa
My Trade Mgr. has really helped me with tp and continuing Trade.
Am a bit of a chicken right now regarding placing longer Trades but learning.
Regards,
Pippa:cool:
Took half off for 30 pips first profit and moved stop to -2 pip profit
I’ll soon start to use the Trade Manager. Looks good from the Youtube video. Thanks for the heads Up
PS Your Avatar gives me the creeps.
What? My “Pip/Pup Fiction” Avatar?
You will love this TM, Rod, also hides EVERYTHING from Broker, heheh.
P.:46:
P.
Still in?
I closed 100% just below 1.3550, after we bounced off it. I figured it might hold for today. Good for another 30 pips or so. But we seem to be heading back up towards it now…
Typical really, should have held out for the TP @ closer to 40 pips (feed peaked @ 1.35549 before the slight retracement)
I suck at patience…
EDIT: Reason for re-entry: AR high as potential support, big figure 1.35 also potential support. Low of the week potentially formed?
half off for 30 pips - other half still in with 2 pip stop
