Unimportant fellows equally unimportant journal v2.0 - Page 2
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Thread: Unimportant fellows equally unimportant journal v2.0

  1. #11
    Quote Originally Posted by ;
    If that was a legit gemstone on GBPUSD, then the issue is whether that is a gemstone that is legit too? Some similarity on the right hand side of the diamond.

    Do not think this was a gemstone. What I think happened, was that the market was forming a broadening triangle first, then it changed it's mind and began forming a rough horizontal station such as symmetrical formation.
    Those elusive diamonds.


  2. #12
    Quote Originally Posted by ;
    Support on EURJPY. I wonder how crazy would it be to market the break? The day's range is too significant. I really could sell using a stop above an intraday high but I must wait until an high is formed. I could also simply sell with a distance stop but I have mixed feelings about it. However, most likely it will be busted today and I'll find a better loion.

    And the answer is, it would have been a bit mad. Good thing I did not trade something I wasn't sure about.


  3. #13
    Quote Originally Posted by ;
    Just applied 18.3 on USD/JPY. I'll leave the trade run before the end of afternoon. Stop - 83.1.

    I'm moving the stop above the day's current high, reducing my risk. Not precisely BE but good enough.


  4. #14
    Quote Originally Posted by ;
    Next target - buying the rest of a diamond, in the opposite direction of the major diagonal. Unfortunately an intraday stop might need to be utilized. The diamond is in a nice loion.


    It broke in the exact same way as the key diagonal, and thus went . The left upper side and the ideal bottom side look like their symmetry.

  5. #15
    Quote Originally Posted by ;
    I'd love to market the break of the subsequent trendline, as it might give a stop outside the day's range. But, there's a divergence pointing to 1.556, so instead I will wait for a false break, and buy it when the price jumps straight back on the trendline, and utilize the divergence for a target. Though of course I will have to see it closely, and it might move without me.



    To Find the divergence I had to utilize a non-standard 45 minute TF.
    A break happened while I was sleeping, and also to place a stop below the false break after the price moved back on the TL, a 60 pip stop would've been required. Even though that seems excess, it is just about 30% of 44ADR. Now, let us see if it fills the divergence.


  6. #16
    Quote Originally Posted by ;
    I am moving the stop over the day's current high, reducing my risk. Not precisely BE but great enough.

    Because the day's range was just 55 percent of 44ADR (42 pips), I opt to let the trade run for a longer time period, and I am moving the stop to nearly BE. It's a free run today.


  7. #17
    Quote Originally Posted by ;
    Because the day's range was just 55% of 44ADR (42 pips), I opt to allow the trade run for a longer time period, and I'm moving the stop to nearly BE. It is a completely free run today.

    Got greedy and was penalized accordingly. In fact, it looks like that there was an 18.3 in the opposite direction, giving me a clue to close and reverse, but the timing was a bit early for the template, and I wasn't in the PC in the time.



    Next target: NZD/USD trendline break buy. A level for stops was offered, so I took it. TP based on ADR, in this circumstance it is roughly 80 pips or 80 percent of 44ADR. Now the price seems to be spinning around, so I'm putting a reverse order, using a stop above the current sessions . Trade is against the MMOW, but with the MMOM.

  8. #18
    Due to Mr. C for pointing out the comb on EUR/USD. Because my platform only has H3, and no H4, the comb looks a bit different. You can see the order on the chart, the end is above the high of yesterday.


  9. #19
    Quote Originally Posted by ;
    Due to Mr. C for pointing out That the comb on EUR/USD. Since my platform only contains H3, and no H4, the comb looks a bit different. You can see the order on the chart, the end is above yesterday's high.

    Sell stopped out, and reverse stopped out. Using H3 did not pay this moment off.


  10. #20
    USDCHF market order. Stop over the session's high. Sell order under yesterday's low. Trade will be contrary to the MMOW but with the MMOM. The top and bottom borders aren't parallel, however, the creation is slightly narrowing. I could buy right now using a stop under yesterday's low, but I am unsure of this, so I opt to trade the break rather.



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