it may do the tiny feet move to sneak away from the 200 without attracting to much attention
[B]everyone, including me…try make sure you read these 2 quotes before you trade everyday, becuase do not wake up with expectations of physical activity, your physical inactivity will get you the reward…dont jump in , walk down and take it all…
“The good speculators always wait and have patience, waiting for the market to confirm their judgment.” -Jesse Livermore
"No one made money in the market by buying and selling! those who got rich made there fortune sitting’[/B]
SP…is demonstrating those rules…thats the key in trading…System + rules
Sp noticed the first wedge, remember when i said in an earlier post , once you identyfy a trend in a currency and you open your first trade! Stay with that currency though every move,as your already predicting it , this is how you make money…see how the price stayed within our play since the first wedge was notice, we have not had to adjust are trend lines since the 2 points to make a channel formed
What a jorney, who said making your first 100 k is hard? Its only hard if you swtich play and do not stay with the one your on…follow it to the completion…from beginning of trend to end…i am so long on eur jpy…i feel like donald trump
Where would you have entered long after the double bottom ideally? Would you also have gone short at the top of the channel at the 20 ma…it could have also become a BSC instead no?
yes it is a bsc, but sp …now this is important,…id trends early and id trend ends…so your question is excellent and its the right question.
Answer : Clearly double bottom signal…clearly double bottom formed without reaching the lower channel. Clearly double bottom formed on our daily support line. That was a clear signal that our down channel was no longer in play with a traders guess . Take note of the last candle that hit low to make it a mini double bottom as the 2 before it are in a format of 3 outside down
last the candle open price from one before sq and the next ones are so bullish like candles on steps.
ENTRIES…DB BEST ONE…SQ PERFECT AS THE SQ IS RIGHT ON A 1 2 3
SO ITS SO HIGH PROBERBILITY…SO WE ARE EXPECTING NOW 200 TO HOLD AS SUPPORT AND THE DAILY RESISTANCE TO BE RE-TESTED ITS WORTH GOING LONG AGAIN, AS YOUR STOP IS TIGHT ON THE 200…AT LEAST YOU CAN BAG 10 PIPS HALF PROFIT FINDING OUT IF YOUR RIGHT…JUST WAIT FOR THE NEXT CANDLE OPEN.
I do probably jump around too much and too early too. I missed the trend end, and new start on EJ so waiting for more confirmation of the new uptrend. In the meantime, saw this possible long GBPCAD sqz setup…I’m not keen on entering trades at this time of day anymore, and there’s not much for news releases to move things along, but we’ll see…
yes true, at this time of night, gravity takes over, i did long eur jp and closed it for 2 pips , nice sq you spotted, but no momentum is always a pain in the butt and tiresom…pack up and put a movie on
Well I’m going to have an adjustment period to go through with my platform. I was using FXCM’s MT4 demo platform, but got so fed up with it’s poor data feed and connectivity that I switched over to Oanda’s MT4 demo platform…figured I should anyways if I use them for real. However, their “day” start time is different by 5 hours! FXCM’s day would start at the beginning of the Asian session (or 4pm PST here)…I’m not sure what Oanda is using…EST, CST or what but it’s starting 9pm PST here…hmmm. In the meantime I have to setup all my charts again, so probably won’t be trading again until Monday.
