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Gonna try and watch some tonight and tomorrow
I'll go back and see then
Damn that's good. I have missed the last couple days so guess I need to go back and read
Pennies what are you watching as far as the pinchers. Do you wait on 5 and 15 to show the same and then take the trade off the 1 M
Simple took a few pips on your between the tunnel strategy..
Pennies if we go below the last low on AU 1 H does that confirm down some more
No problem pennies. I stayed up as late as I could watching it but couldn't wait it out. Got a few pips and closed the trade and then went to bed. Had to get up early for work so I didn't have time to look at it this morning but will check it out tonight and see what it looked like
Another question..Your target for the 5 wave is around 97.25..The ADX on the 5M pincher is headed up so when it gets to the top your target should be close right??
Now since it just dipped into wave 1 does that invalidate it..Also what is the fib level you use between 100 and 161.8..When I had to reload mt I lost it somehow..
Pennies on the AU 5M are in a small 5th wave up??
There's a close above lets see if we get a small pop and then a retrace and then a bigger pop..
I am actually using simple's 34 instead of the 21 but remembered you saying they were very close..
One thing I noticed this evening was when the pincher starts to separate, if both of the slopes that simple uses are pointing up and it closes above the ema 21 it has a very good chance to keep going..I actually made 10 pips twice and about 4 pips earlier..Lot of things to wait for but seems to make it a better trade opportunity..
Patiently waiting for it to turn..
Thanks jav...also noticed that when both slopes that simple uses are green it tends to be a strong confirmation as well..
I did it once so I can do it again..Just need to refine entries and exits mostly..
1500 was initial deposit so only lost profit
Just noticed that too..
Only thing I can hope for right now is the beast to rebound..Holding a half lot now..Daily is just below the 50 fib on the last big matrix up and just got a nice hammer on the hourly..We will see..
Nah I think I am done for awhile. I have some jobs coming up anyway that's going to keep me busy. I'll still watch and learn here and start reading some more. Hopefully come back better
I know it has been for everybody but losing 4500 out 6000 in 2 1/2 weeks is a little more than I can handle
Hell with it. I'm done.
Made a few pips on the 5M AU got out to early though..
Pennies thanks for all the charts and info. Going to try and start watching things a little closer
Pincher question??In the chart I entered at the first part of the candle marked with the red dotted line..ADX had already turned and fast line was right at the slow line fixing to cross..Even though it turned out a green trade how do you avoid the drop right after??Slope 34 hadn't turned up yet so was that a good clue??
HMMM..That looks promising..Gonna have to add that to the template and watch for awhile..Thanks again for all the info..
On the 15M chart you posted about the fake pincher, the adx shows that it was going to reverse..Instead of taking off north..
So its really only important if its at the top for a reversal??
What does the ADX do and what do you look for??
Probably watch the longer TF for direction and try the shorter ones for trading. Will see what happens
I pretty much new it was gonna happen was just hoping it would turn. Gonna watch the slope and pincher set up from simple for a while and see if that works for me a little better. Working full time I was relying on the longer times and couldn't watch the charts close.
Well I get to start over now. Gonna gi to a shorter time frame for a while
Yep..Will definitely be lesson learned..Only good thing (if it is good)I am only going to lose about 200.00 of my initial deposit..Everything else was profit the last couple months..
15 more pips down and I get to start over..not good..
Woo hoo I have margin again. For now anyways
Hopefully up from here then
Hope so too if not I will get to start over
That would be my luck too. So far I have been able to wait it out. Will see how this one goes
I saw you said you dumped some. I decided to wait it out and see what happened
That would be even better. Been averaging down and got myself in a bind as far as margin