do not trade USDCHF on the 11 08 2021 or trade very cautiously
our indicator has spotted shark s s activity in that pair
The warning was called at around 12 45 GMT+3
and the sharks activities were spotted 3hours later
I traded it yesterday - and lost a small sum. However to put it down to the activity of ‘sharks’ (whatever they are) I will not, it was just a losing trade.
If I did take on board your shark thesis I would have to take in on board everytime and quite frankly I don’t have the time to be looking through a Twitter feed each day.
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Hi John
Just out of curiosity, were you trading HIB of 4H chart?
Not 4, 8 hrs
If I wasnt so lazy as I trader I’d probably have analysed that it had already ran up a lot, was overbought, was bumping resistance and maybe even that it was being attacked by sharks
But I’m lazy, I saw a price action signal took it and it lost.
No point with the woulda, coulda, shoulda post trade buyers remorse
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I don’t have an 8H option on CMC or TradingView.
Yes many do not. I’m not too sure how HIBs work on 4 hour, I suspect there are some stunning wins but also more losses
I think on a 4 hour you probably need to be more selective in choosing time of day, even day or week.
And clearly would need to stay away from NFPs
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sorry for the loss but if you read = The Richard D,Wyckoff Method of Trading and Investing in Stocks = you will see that sharks do exist and that the big fish does eat the little fish = and although the book was written in the thirties the way sharks act did not change but fortunately for us with the advance of computers we can see the traces of sharks when they are about to act and this is the basis of my indicator == to spot the sharks traces (a pattern of buying and selling that is similar every time) and give a warning of caution
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Sure wasn’t meaning any thing bad - it’s certainly well meaning of you to warn others.
As for feeling sorry for my loss, it’s part of the game something I’ve come to expect sometimes.
do not worry man
sorry again for the loss
that was the goal of my warning to avoid unnecessary losses
I’ll make a point of checking out the method you are referring to - but I’d have taken it anyway even if I had seen your message beforehand
What if I hadn’t taken it, choosing to take advice and it had risen?
That would have left me berating myself for not sticking to my system.
At least if I took it and it lost I have only myself to blame
But I will check out what you were referring to and if it can add anything to my trading arsenal I’ll use it.
Thx
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@Johnscott31 loves his 8 hr candles!! Haha
It’s impressive you found that to work for you. I don’t know how many strategies you use, but it seems that the H8 is your go-to…your comfort zone. That’s great! Did you randomly stumble upon that?
I’m too panicky on a four hour, and daily can feel like watching paint dry (not a bad thing) so 8 was the perfect fit
However I was blessed enough that my broker FXCM has them
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