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Bailed out on my NJ short for 30 pips for 207 pips total on the day between EA,NJ NCAD. Not bad considering I worked today. There's more downside on it but I'm sleepy. Good night to you and all.
I'll try those settings to see how it works out. I've been using the MACD and RSI. Also what I've been doing to help spot divergence is toggle between my candles and line chart. Amazing how something that simple could shed some light.
I appreciate you bringing EA to our attention. I didn't even have that one loaded on my phone. It turned out to be a nice one. Plus with no TDI on the mobile version, I look at those charts you post for additional confirmation. Powder is dry and scanning. Nice trading on your part as well I see....
Agreed pennies. I've scalped 165 pips from EA and I have no intention on giving it back.
Yeah I added. Trading on mobile sucks but it's all I have for now. Plus there's no TDI
No I'm still holding. This is a long term play i think. I may add to it but I just hate seeing money on the table only to give back even if it moves back in the original direction. Why not jus scalp it and make double? Plus I don't use stops unless I'm going to sleep. The market almost always move against me initially and I would just be giving money away.
Looks like I spoke to soon Kirby. Third time this week I've been up 70 to 90 pips only to hold it and lose all of it like jus now on that EA bounce.
Same here Kirby. 69 pips and counting on EA short. Got an NZD/CAD long in place as well. It's been a bloodbath for me lately.
Yeah Pennies, I had to bail on that one... again. I'll step back and reevaluate the charts. I'm getting cleaned out.
Yeah and make sure Yellen isn't talking. Lol. I did close that Options contract for decent profit though so no worries. Time to get ready for work. You guys have a great trading day. I'll still be monitoring by phone but any trades will be limited.
I woke up throughout the night and my UCAD short was up 91 pips at one point and I went back to sleep smiling. Now in two hours 91 pips are gone and UCAD short was closed out about -30 pips. That's why I scalp.
Ok I should be good then. Only trading minis at the moment anyways but it won't take long to build it back.
Outstanding. Fingers crossed. I'm gonna close my eyes a bit. Gotta work tomorrow. Doubt I'll get much sleep though for watching these positions.. Thanks for all of your guidance.
Good deal. That's the main slice. I did get short UCAD @ 1.3912 and was able to get back in long NU 5 pips from where I got out. No harm no foul. I'll get back those pips. And for good measure, I opened a put option on UCAD just for giggles. Now I hope it gets moving.
Yes, I saw it but I panicked and got out. I would kick myself but I'm trying to take the emotion out of trading. Lesson learned.
Patience was never my strong suit. I'm getting better though. Fewer but better trades? I can deal with that.
I'm convinced and I'm in. I like that strategy. Gonna take some practice but I like it
Now that's nice right there. Too tempting to pass up.
Thank you pennies. That got my attention. I'm scanning charts looking for them now.
Which was gonna be my next point. If they are openly doing it then so are the rest and using the same excuse.
Wow! Slight of hand sounds like. That should be criminal to say the least.
Too funny pennies. I don't feel so bad now. If they can get it wrong then how am I expected not to? Lol
Yes. It's called "color fill MA". Just like the MA shade or MACD shade or MA rainbow. Should be able to find it in Forex Factory. Those gadgets are nice to look at but I don't put much stock in them. Mostly price action and measured moves like pennies and Simple have been pounding in my head. If I can just count waves then I might know enough to be dangerous.
Jav, I'm currently on the 30 min. I stay on that one more than any. I try not to use MA's cause if price is going to a specific target then it doesn't matter what the MA's or indicators are showing in my opinion but I must like the colors or something. And if I look at the 4 hr, I get scared cause NU looks like it's trying to print an inside bar and the 4hr TDI is high in it's range meaning a deeper retrace is coming even though it's temporary. We'll see how it goes though. I've been wrong many times. Lol. This chart shows a custom MA with 20/50 settings....
Good deal Jav. Same thing with NU. It hit the .5 level and stalled. That's why I went ahead and took partial profit. I'm back in now on a second long position @ .6638. The moving average is catching up finally and the TDI is approaching the retest.
Took some profit here before the pullback. Looks to be forming a flag @ the .6665 half box level. Still holding a small position but will add on the retest.
Morning pennies. You may be right. Price just hit my half box level and got kicked back a few pips. May add here.
Morning all. I see NU has finally popped the wedge. I'm long now @ .6628. TP is .6720 just ahead of the monthly trendline. Good luck to everyone.
Thanks pennies. By the way you said that was an AU chart but it's actually NU 30 min. Oversight I'm sure.
Ok pennies, nice set up to the fib level boxes. In additional to you standard box levels, I've also added half levels in between since the boxes are approximately 320 pips between levels. The parameters are: Level Description
1.5 .5 %$%
2.5 1.5 %$%
3.5 2.5 %$%
-1.5 .5 %$%
-2.5 1.5 %$%
-3.5 2.5 %$%
I'll see how price reacts to those levels. Thanks
Got it thanks..
Hey Jav, where's the link for the box video?
That's still a nice long trade if it pans out. I keep an NU or NJ trade on watch. 6723 target lines up with a 70.7% fib level so I'd close that one early.
Thank you pennies. Trying to get back in the green this week. UJ looks to have broken support on the weekly but I guess we have to wait til that candle closes then retest. If it holds, that's 900 pips down to the weekly 38.2 fib level.
I had added a second short to that NJ trade and banked 99 pips. Looks like we did well on that one. On to the next one.
Apparently so am I lol. Also seems like the trade goes against me a lot more when when I take larger lot sizes. Could be all in my head but it shows in my acct. Gotta fly under the radar I guess
Apparently so am I lol. Also seems like the trade goes against me a lot more when when I take larger lot sizes. Could be all in my head but it shows in my acct. Gotta fly under the radar I guess
I'm currently in an NJ short from 77.62 expecting a move back to retest 73.60 fingers crossed.