I entered short on EURUSD @1.30567 SL: 1.30740 TP:1.30350
I suck
I entered short on EURUSD @1.30567 SL: 1.30740 TP:1.30350
I suck
Welcome to the forex mister fundamental :)))
Is this directed at me? Iāve been calling for higher prices since before the NFP.
My fade play didnāt pan out. Iām ok with that.
Im just making fun of mister know it all dont take it personaly
Thereās nothing wrong with this, other than chasing price a little with the entry. I recommend if youāre looking to play a fade and miss the best/most aggresive entry, to use a 90% re-trace on the initial or second drop, maintaining the tight stop based on the initial candle. 4 or 5 pips is a lot easier to stomach and recover from than 15.
Iām not trying to be a mister know it all, Iām trying to feed the thread methods of trading that complement ICTās approach.
It frustrates me slightly that the collective is so blinkered on what has been spoon fed that they forego complementary tools that havenāt been highlighted or given attention by Michael.
If truth be told, the break of the rising wedge this morning on the Euro is screaming for a re-test. But no-one looks for this because, well, I donāt know why. I still think price will drop, but Iām out.
Iām trying to help you guys. As it happens I expect price will most likely drop as weāve hit an intra-day 1.618 profit target, but Iāll let it pass as I didnāt play for it.
If you donāt like me, then use the forum ignore facility.
Iām not knocking ICTās toolset, in fact I use a lot of it. I just think itās incomplete.
The 3068 down to 3050 was just the MM āpauseā that ICT talks about in his market makers sell profile video - I gotten to id it by itās ācontrolledā nature of a series of lower high/ lower lows and then next leg up (15 min)
Iāve talked before about it and how I used to always get suckered by it until I saw those profile videos.
Zoom out, MMP BUY anyone?
I was considering the short from 1.3060 (an HTF S&R [S&R trumps all] line Iāve had on the chart for ages now), but when we get āthe pauseā I always think of peterma, zoom out, and reevaluateā¦
EDIT: Also, look at the support that 1.3060 level gave (Resistance turned Support)
Yes, the 5m frame was excellent for the fade, I was using the 15m for targets. No problem, Iāll adjust for next time.
Good old ding dong battle going on - probably why I doānt much trade Fri NY sessions
BTW higher high now on us 10yr = bearish
I hate to say it, but by scalping this move down, Iām up for the day.
I really am out for the week now. I welcome all critique and advice, I mean, thatās why weāre here? To improve?
US 10 yr now at resist - decision time for that - if it breaks up, then more downside fibre, if not the consolidation, that little divergence was good for 10 pips - this is when the the bonds lead - fast moving break up with bonds, down came the fibre about 2-3 mins later - ok if youāre scalping I suppose, do see that often.
actually 20 pips
markets.com. It is a demo account and they occasionally shut it off, but then I reregister with another email account
Now if any you guys were riding that down, us 10 yr came off resist - suggests end of slide - looks like jonny is right about 3060
ā¦or not?
1.3030 is my preference. Upside resistance at 1.3335.
Railroad tracks on the 1H @ 1.3060 supportā¦ hmmmmm
c13055 is Q1 2012 macro level.
A large two way order is being fed in there after taking out c13100 barrier and defending c13050 for the 10AM NY cut. That defense expired 17 minutes ago.
They are now eying nervous shortsā¦and about to jump all over them for the London Fix.
GBP 1.5150 option expired at 14:00 GMT. Seeking 1.52 next?
Iāll scalp a few pips off that one
Donāt get carried away, scalping is inherently dangerous