Hey Mizuno,
Where are you fellow? Anyway, hope you have a fantastic vaion period, and that I hope to see you back here soon, your charts are looking good, so keep up the hard work, let's all grab a few more pips in 2011.
Peace out
Hey Mizuno,
Where are you fellow? Anyway, hope you have a fantastic vaion period, and that I hope to see you back here soon, your charts are looking good, so keep up the hard work, let's all grab a few more pips in 2011.
Peace out
Hey Niteshift! I'm here, just lurking around. It is only one of the times when you drop back and reflect in your own life, look at you are and what you have to do. I get those once in a while. I'm back next week. I wish you happy holidays, and a 2011. Let's seize the day, regularOriginally Posted by ;
Here is a setup I'm not taking. A wedge with fully shaped upper border, providing an opportunity to buy on the 3rd method of the bottom border. However, there's a divergence against this notion, that's why I'm only watching this. It probably might be worth it to skip the buy and sell the break of the bottom border, as though you were reversing the buy trade, but I do not see a reputable high formed nonetheless.
Both green dotted borders are all parallel.
The divergence was stuffed following the bottom border was broken. What we can see is that the centre touch of the top border is not ideal, therefore maybe hinting a similar inaccuracy will occur with the bottom border, entering it marginally and then making a whole clean break. Of course, this could also be wishful thinking and I'm only watching this in my mind.Originally Posted by ;
An intra-day stop would've been used, and I'm not overly certain about the use of intra-day stops, though I have decided that I could trade some diamonds and combs with local stop positioning. Mature members and Igrok himself recommend using external the day's range stops only, so I'm conscious that I could regret this.
Also, here's an after the fact chart. To me it only became completely visible after being busted, as I could not specify the lower rising border of the right hand side of this bead.
Because the range was little enough, I kept putting the stop using a reverse beyond the day's range, and was stopped out for a total of 3 times. Ouch. The market finally made a blank touch before eventually going downwards.Originally Posted by ;
On this trade I flipped, and afterwards on placed the stop at BE. I didn't have a TP point based, so the idea was to hold the transaction for at least a few hundred pips. I was stopped out at break even, had I retained the stop at the original position, I would've stayed in the trade. After those 2 shirts the market went to 0.735, now it's above the original entry point.Originally Posted by ;
Ouch, that sucks when that occurs. In hindsight would you state that the transaction failed to go due to the time it was entered by you to plan? E.g, low liquidity on the pair, range not defined yet as a result of European market not open yet, etc..Originally Posted by ;
Do not know, but the truth is I was provided with opportunity to undo, so I did. When it actually happened I felt discouraged and beaten up, but now I think that this is one of those times when a freak situation such as this occurs and there is nothing you can do, but to keep on truckin'.Originally Posted by ;
I wish you a rewarding and a happy 2011. May we ever keep improving our trading and discipline skills, rather than stop until this financial web keeps present. I'll be completely back to trading next year for sure this time.
An early diamond buy order. I have placed the stop beyond the low of the major diagonal. Seems like we have a bigger diamond, so I guess it might make sense to shut and reverse the position as soon as the top border is broken (in 1.3335 would be nice), with a stop above the week's top, as the major diagonal of the bigger diamond is upwads. Let's see what happens next, maybe not going to sell unless this buy is a legit commerce.
Stopped out. The formation might still become some thing , a wedge or a diamond.Originally Posted by ;
Seems like we've got a diamond in the procedure of creation on EUR/CHF. I will try to ch the next approach of the narrowing triangle, contrary to the leadership of the main diagonal. SL placed over the high of the main diagonal, entry you can see on the chart. TP purpose of 1.235 appears sensible.
I attempted projecting the high from the following manner, but it seems that it cannot be utilized in this situation because, and also the stop will be not too appealing.