My journey towards consistency

[gftrader32]

uj 5 57 am was a false bar?

stop moved to be + 0.6

 

[gftrader32]

stop moved to be + 0.6

out
+0.6

 

[gftrader32]

looks bttz to me now

 

[gftrader32]

chart with tl

 

[gftrader32]

short uj 6 21 at 16

 

[gftrader32]

short uj 6 21 at 16

stop 20

 

[gftrader32]

stop 20

-3.5

 

[gftrader32]

news

news

 

[gftrader32]

shor 6 31 uj at 16

 

[gftrader32]

shor 6 31 uj at 16

-4.5

 

[gftrader32]

-4.5

stopped out twice just to see market going south

 

[gftrader32]

arrows where i was stopped out

 

[gftrader32]

so frustrating keeps going down

 

[Forexmospherian]

shor 6 31 uj at 16

Morning G

Shame here the sells on UJ were confirmed after 6 30 and 6 39 am - but the entry ideally was 6 51 am and 7 00 am

Why it was confirmed was last high early on before 6 00 am - was never touched again and 120 -22 / 23 was the level that we needed to stay under - which we then did

Will explain more on timing a little later

Today will make so much more sense to you


Regards


F

 

[gftrader32]

Morning G

Shame here the sells on UJ were confirmed after 6 30 and 6 39 am - but the entry ideally was 6 51 am and 7 00 am

Why it was confirmed was last high early on before 6 00 am - was never touched again and 120 -22 / 23 was the level that we needed to stay under - which we then did

Will explain more on timing a little later

Today will make so much more sense to you


Regards


F

morning f, why this level 22 / 23?

to me it was 20, hence both my stops were above it and both got hit

 

[Forexmospherian]

morning f, why this level 22 / 23?

to me it was 20, hence both my stops were above it and both got hit

Lets explain - but also even though we have the same broker here - prices can alter by 1 or 2 pips

High 36 - then 29 and last high 24

In a perfect scenario - if we stayed under 24 for 30 mins we could sell

120 24 was at 5 42am -and then the real clue 5 57 am was a LL at 13

So now as long as we stayed under 24 - and my stop would be 22/3 max - then the sell was on confirmed under 13 and after 6 51 am

 

[Forexmospherian]

I am out for 45 mins at 7 50 am - but will join you more from say 9 am to 11 am then G

 

[gftrader32]

Lets explain - but also even though we have the same broker here - prices can alter by 1 or 2 pips

High 36 - then 29 and last high 24

In a perfect scenario - if we stayed under 24 for 30 mins we could sell

120 24 was at 5 42am -and then the real clue 5 57 am was a LL at 13

So now as long as we stayed under 24 - and my stop would be 22/3 max - then the sell was on confirmed under 13 and after 6 51 am

makes sense now, so my entries at 6 21 and 6 31 were early and not confirmed?

 

[Forexmospherian]

makes sense now, so my entries at 6 21 and 6 31 were early and not confirmed?

This is were you had it right - but would have needed slighter larger stops sizes - so not ideal - as we want stops as tight as possible

The trouble is to get the stops really tight you need to be experienced and read PA and all the other clues really well - and that takes time

MM went through it - exactly the same - took him 500 trades on demo to get the feel and his timing better

Did 7 09 am scalp buy on UJ ( and EJ ) make sense though ???


See you in a bit

F

 

[gftrader32]

This is were you had it right - but would have needed slighter larger stops sizes - so not ideal - as we want stops as tight as possible

The trouble is to get the stops really tight you need to be experienced and read PA and all the other clues really well - and that takes time

MM went through it - exactly the same - took him 500 trades on demo to get the feel and his timing better

Did 7 09 am scalp buy on UJ ( and EJ ) make sense though ???


See you in a bit

F

ok let me list why 7 09 scalp buy on UJ

-price broke 120.07 and was heading to next s 119.98
-false breakdown at 7 08am
- three quick lrs under price
- tw and kt

anything else?

not sure about key levels for EJ