took 5 pips out of this bull
took 5 pips out of this bull
view, reasons: a 3 pushes up and wedge, also a an upper channel false break.....against the strength, but a major trendline break prior.. I like to get out quickly in those situations....a quick scalp
Attachments
news coming, having a break.......
trade 2, 5.9 risk made 10...
Yes, range after the trend up....but look at the legs into the range and the momentum of the last leg down (prior to the pull back) compared to the previous legs....there I turned bear (strength) and looking to fade weakness, there I had two reason to have a go, in my view probability was skewed on my side.
Dinner, I think I deserve it, back in 15.
Yes, range after the trend up....but look at the legs into the range and the momentum of the last leg down (prior to the pull back) compared to the previous legs....there I turned bear (strength) and looking to fade weakness, there I had two reason to have a go, in my view probability was skewed on my side.
Dinner, I think I deserve it, back in 15.
Attachments
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so in brief: define strength, wait for weakness to enter the market and have at least two reasons to fade them (in a fast market, one will be enough), draw trend, support and resistance lines (redraw delete and redraw.....), here traders will meet and order flow imbalance will probably occur, use patterns also to identify the trapped traders, enter when you think you have a chance...make sure your signal bar is in the direction of your trade.....trail you stop above/ below the last swing and have a TP greater than your risk....
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alexaherself
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Thanks for the reminder to re-read it, then. Good luck for the coming week! 
Thanks for the reminder to re-read it, then. Good luck for the coming week!
Alexa
you too, have a great one.
Fzsy
Sl trailed to 577
stopped out -0.3 pips (3 pipettes)
PaddyMcTaff
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Hi Fugazy,
Just came across this blog and will be following now. I have learnt most of what I try and do from Lance Beggs and have also read Mr Volman and Mr Brooks (less of Al's stuff). I trade 12 hour and daily forex charts due to time constraints and like you, focus on pure PA. Maybe I will stick up a couple of charts to show you a few recent trades just out of interest if that's ok?
Hopefully I can contribute a bit along the way, keep up the good work
Cheers
Andy
Just came across this blog and will be following now. I have learnt most of what I try and do from Lance Beggs and have also read Mr Volman and Mr Brooks (less of Al's stuff). I trade 12 hour and daily forex charts due to time constraints and like you, focus on pure PA. Maybe I will stick up a couple of charts to show you a few recent trades just out of interest if that's ok?
Hopefully I can contribute a bit along the way, keep up the good work
Cheers
Andy
Hi Fugazy,
Just came across this blog and will be following now. I have learnt most of what I try and do from Lance Beggs and have also read Mr Volman and Mr Brooks (less of Al's stuff). I trade 12 hour and daily forex charts due to time constraints and like you, focus on pure PA. Maybe I will stick up a couple of charts to show you a few recent trades just out of interest if that's ok?
Hopefully I can contribute a bit along the way, keep up the good work
Cheers
Andy
Pad
Please do so, looking forward to it.
Fzsy
trade1: 3 pushes up and fail trend line BO, risked 7.8 then 3.6 covered at +4.2.
Not very proud of this, my TP was reached of 10 pips, but I bailed out before. Why? The first leg up from the low, too fast, direction to me was not that clear, I took profit at a possible double bottom bull flag (not showed), I was wrong.....never mind, it is out of my mind now....
Not very proud of this, my TP was reached of 10 pips, but I bailed out before. Why? The first leg up from the low, too fast, direction to me was not that clear, I took profit at a possible double bottom bull flag (not showed), I was wrong.....never mind, it is out of my mind now....
Attachments
trade 2 and 3.
trade 2 after the BO of the trend bear bar I had a bull bar, now the idea is to place a sell stop order below that bar with a SL above it, meaning bulls are getting trapped in a strong bear....well instead of placing a sell stop I placed (wrongly) a buy stop order instead, I did not realise it on the spot but when I was trying to set my SL above that bar it would not let me....I soon as I realised I closed the trade.....Am I getting too old at this?........ -4.2
Trade3 a fail final flag and a fail BO risked 3.7 made 10.7 (slippage)
trade 2 after the BO of the trend bear bar I had a bull bar, now the idea is to place a sell stop order below that bar with a SL above it, meaning bulls are getting trapped in a strong bear....well instead of placing a sell stop I placed (wrongly) a buy stop order instead, I did not realise it on the spot but when I was trying to set my SL above that bar it would not let me....I soon as I realised I closed the trade.....Am I getting too old at this?........ -4.2
Trade3 a fail final flag and a fail BO risked 3.7 made 10.7 (slippage)
