Long??? :o
lol yeah, errrm i was looking at yesterday as being the big judas down for the week, iām trying to concentrate on catching a weekly range at the beginning of the week and if i miss it then try catch a trade on wednesday or thursday with the weekly direction.
dont look too shocked bro lol i donāt think its easy to pick a direction at the moment
Hahaha of course I understand bro I was also a bit unsure, but what swayed my bias today was actually the current sentiment, which seems to be long for both cable and fiber - i.e. time to sell
But I agree completely, weāre at a point where it aināt all that easy to predict what the weekly outcome will be, so better to just stick in the day trading
For interestās sake though, I went short at 1.2512 around the time you posted, thatās why I put the shocked face bro
Hey all,
Bit annoyed with myself this morning. Saw a nice judas swing above AR in Fiber, 5 Min OTE forming at 1.2515 which was at Fridays AR low. USDX divergence too. Second guessed myself and cancelled my order. Kicking myself now:31:
GLGT
Have you taken first profit an moved to break now?
ā¦ nice trade yesterday by the way!
Hmm
I was swayed bearish today - possibly this weekā¦
I was looking for a short entry and kind of really focusing on the cable but tbh havenāt seen any solid entry short unless someone sold right into the rally up to the 552 inst levelā¦ After the rejection i was waiting for the OTE to form but it just fell out of bedā¦
Not really liking the looks of anything now, lingering out of the initial KZ, cable below its central PP, stochastic in no mans land - just not enough things in my favour to put a trade on now so sitting out to NYā¦
EDIT: Scratch that, cable just posted a LL, fiber failed to, fiber made an OTE with asian range low confluenceā¦ Could we be posting a buy day after all?
ok iāve gone long on the cable, reasons, OTE, below central pivot. I would have preffered the a long on the Fiber because it hit that key level (1.2450) last night and has now formed an OTE from it but missed i it.
this might not be one of my best trades so iām only in with 1/2 of 1%
I like itā¦ I actually looked at this wider OTE yesterday at LC on the cable but lingered and happened outside the kill zone so didnt take itā¦ I think it could do well, that SMT divergence has held strong for now, indicating bullishā¦ I completely missed it today, will look for something during NY once we have a clearer directionā¦
Agreed, and also want to add the USDX divergence with cable as well.
Hmmm guys, can you post pictures of your divergence? Donāt mean to be funny or anything, but it looks like a magnificent time to be shorting the cable at 1.5500ā¦
Anyway, looks like Iām gonna get burnt here trading against the H4ā¦ I knew it!
I am also short at the 5500 levelā¦everything is lining up nicely with the plans ICT gave me to only look for Short Signalsā¦good luck to anyone that is shortā¦
ā¦its anyones game mate, as long as you take first profit and go to break even then neither of us can lose thats the beauty of it
Well said bro
PMā¦ Look at yesterday low posted late NY in both the cable and fiber
Compare that to todayās low made - cable makes lower lows, fiber failed toā¦
Cable gives HTF OTE from fridays low through to yesterdays high
Fiber gives OTE yesterdays low in NY to todays highā¦
I think ill be looking for the longs at NY openā¦
Yet , compared to a guy who is right and lets his whole position open and trails his stop manually you donāt do so well Is anyone here who does not take partial profits?
your welcome to whom ever went longā¦now can I have my money backā¦:33:
I have been forced to not take partial profits for awhile, but itās due to access to MT4/Oanda FxTrade at work. It does pay off seriously handsomely when the trade is right, but it is pure hell on Z days. For instance today, my trade was around 40 pips in profit, now its a few pips in loss and I canāt do much about it - sad!!
Iāve got an unfortunate feeling that you are right bro, but I just said to myself that Iāve committed to the trade, so Iāll let it run the stop if it can reach there. Iām just a bit surprised at todayās action when I look at the daily fiber chart which I thought was about to form a new fractal high.
is there a way you can get an I-phone and manage trades from that?
I usually enter the trade on my laptop at home but have to manage it on the phone while iām out
Why not move SL to BE after 30-40 pips AND not take partials. If it comes down, u have a scratch. If it doesnāt, you trail your stop to +30pips at a time(S/R areas, swing lows/highs, basically hard to hit areas) with the whole 2% risk per 30pips move (assuming your SL was 30pips and 2% risk ). Iām thinking in trending markets where u have a decent chance to hold for the weekly range, this approach should be way more profitable than letting only 1/4 of the position open (the time when it works offsets big time the times u get stopped out on BE). Is anyone here doing this?