I recall reading (by Aaron?) that higher prices with higher volumes mean prices are well supported. Higher prices with lower volumes need not be taken seriously. Both taking into account usual lull trdg periods.
Anyone else been anally destroyed this week? EURAUD and AUDCHF daily pin bars kicked my ass and the GBPCAD is currently strangling me. Doh!
Mr BA, how you doing sir?
I wouldnāt say anally raped, because that would be frowned upon, but I certainly took some losses an hour or two ago. That wasnāt fun. But - money management, so I will survive.
Not exactly the way I hoped to end my February trading month, but alas. Moving on then.
Yeah Iām a bit sore but thanks to KY that is money management Iāll survive. lol
The most important lesson I learned this month is money management in relation to correlated pairs. the EURAUD & AUDCHF highly negatively correlated and I think i was risking 3ish% in total between them instead of 1% lesson learned. on a plus I cancelled my EURCAD and GBPSGD with no loss and both went on to hit SL today so Iām happy I dodged that.
Darth
[QUOTE=ācyanidez;608382ā]
Mr BA, how you doing sir?
I wouldnāt say anally raped, because that would be frowned upon, but I certainly took some losses an hour or two ago. That wasnāt fun. But - money management, so I will survive.
Not exactly the way I hoped to end my February trading month, but alas. Moving on then.[/QUOTE]
Ahhhh me neither Cyanidez, I had a good month in January working my way back into profit, looks like Iāll be finishing this month back in a loss. I feel like my trading is improving and donāt feel that I have taken anything particularly wrong this month. I am often told how reliable the dailys are but I have to say they seem to cost me the most, I make most gains on the 4hr and then I take a few daily trades which then wipe me out all of my gains. Perhaps I have just been unlucky but my head is bruised from banging it against a wall.
[QUOTE=ādarthfrancis;608392ā]
Yeah Iām a bit sore but thanks to KY that is money management Iāll survive. lol
The most important lesson I learned this month is money management in relation to correlated pairs. the EURAUD & AUDCHF highly negatively correlated and I think i was risking 3ish% in total between them instead of 1% lesson learned. on a plus I cancelled my EURCAD and GBPSGD with no loss and both went on to hit SL today so Iām happy I dodged that.
Darth[/QUOTE]
Funnily enough I learnt the same lesson Darth, I need to divide risk on correlated pairs, foolishly I have always believed that when correlated pairs are showing multiple signals that it is a good sign that they will work out. I am completely wrong about that! And will adjust my plan accordingly.
EURCAD daily reaches recent high with divergence. Letās see if it would give us a signal to go short.
I donāt know what you guys are complaining about, iām up almost 10% for this month, lol.
Very curious to see how this plays out, you have confluence between the RSI peak-top-peak divergence and the pin bar at key resistance.
Hey all my peeps! Just finished up my last bit of business related work here in Orlando, Florida. My wife and I are getting ready to head to the Daytona International Speedway and some other things and then heading back to the frozen desolate tundra that is my home town. I will swing back through the previous pages of posts and get back to any questions directed toward me. Big thanks to Adamjn, Darth, BA and others who post great setups and analysis and keep this thread valuable and rich with content while I am away.
[QUOTE=ākrugman25;608532ā]Hey all my peeps! Just finished up my last bit of business related work here in Orlando, Florida. My wife and I are getting ready to head to the Daytona International Speedway and some other things and then heading back to the frozen desolate tundra that is my home town. I will swing back through the previous pages of posts and get back to any questions directed toward me. Big thanks to Adamjn, Darth, BA and others who post great setups and analysis and keep this thread valuable and rich with content while I am away.[/QUOTE]
Hope you had a good time in Orlando Aaron, I love it there! Great people, great food, great Sunshineā¦
Tundra is such an awesome word!
Have a good weekend mate,
BA
EURAUD TP 1 and 2 hit 
Nice finish for the weekend.
Looking at this, my guess would be it will continue up, or either make a small retrace to the neckline then continue upward.
Right there with you on this one!
Iām going to look for a daily price action to go long on this one now because there is a massive monthly bullish pinbar that formed back in January.
[QUOTE=āmancamy;608568ā]<img src=ā301 Moved Permanentlyā/>
patience really is a virtue in tradingā¦
(btw not NY close chartsā¦)[/QUOTE]
Nice trading there Amy! The wait paid off for you nicely.
Great trading! Iām down about 5% this month 
ā¦thanks guys - i had a rough january/feb so I am coming back slowly. Hereās how I am managing this trade:
Same on the GBPCAD, looks like it ready to drop. Might add another 1% on the next bearish signal.
Darth
Seems that you won this argument buddy. Good trade sir.
Darth