pocrel
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pocrel
Senior member
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pocrel
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eur/usd close +26
rsh01
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hi pocrel
cpl of queries:
1. brent trade - body looks a bit fat for a pin bar, i thought you erred on strict side when it came to following your trading rules?
2. you have mentioned frequently today that the markets are looking bearish or bullish and you are changing the setups you are looking (i.e. ignoring buy entries if you think its bearish and vice versa) for on the basis of your 'view':
My understanding is that a good TA strategy will decide your 'view' for you, or is that effectively what you are doing....taking a view from looking at the charts/price action but just havent mentioned it? If you are using experience/intuition/other TA signals to decide this and dont want to reveal all on T2W then fair enough. (Apols if you have already mentioned this somewhere but on quick search i cldnt find anything)
On an aside, I have enjoyed your thread and am dismayed at the negative comments you got on here since you decided to start your own service, considering your track record of live calls, and your patience in dealing with newbie questions, and that so few other members call live trades. Its perplexing that some of the so called intelligent and respected T2W members still struggle with the concept that a trader may also want to teach trading, immediately jumping to the conclusion that he/she must be a failed trader / con artist / more alterior sinister motives / general loser. There are many legitimate reasons why good traders take up tutoring (whether they swap one for other or combine the 2), i know a few traders who have done so, and it can be for so many different personal reasons, and there really shouldnt be any cause for them to justify their decisions to ppl who are doing their best to show how sad and bitter they really are.
Good luck with the site and future trading.
r
cpl of queries:
1. brent trade - body looks a bit fat for a pin bar, i thought you erred on strict side when it came to following your trading rules?
2. you have mentioned frequently today that the markets are looking bearish or bullish and you are changing the setups you are looking (i.e. ignoring buy entries if you think its bearish and vice versa) for on the basis of your 'view':
My understanding is that a good TA strategy will decide your 'view' for you, or is that effectively what you are doing....taking a view from looking at the charts/price action but just havent mentioned it? If you are using experience/intuition/other TA signals to decide this and dont want to reveal all on T2W then fair enough. (Apols if you have already mentioned this somewhere but on quick search i cldnt find anything)
On an aside, I have enjoyed your thread and am dismayed at the negative comments you got on here since you decided to start your own service, considering your track record of live calls, and your patience in dealing with newbie questions, and that so few other members call live trades. Its perplexing that some of the so called intelligent and respected T2W members still struggle with the concept that a trader may also want to teach trading, immediately jumping to the conclusion that he/she must be a failed trader / con artist / more alterior sinister motives / general loser. There are many legitimate reasons why good traders take up tutoring (whether they swap one for other or combine the 2), i know a few traders who have done so, and it can be for so many different personal reasons, and there really shouldnt be any cause for them to justify their decisions to ppl who are doing their best to show how sad and bitter they really are.
Good luck with the site and future trading.
r
pocrel
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Hi rsh01
and thanks for the positive feed back put I wont get into another debate about teaching prefer to trade and teach and if someone does not want to follow or listen thats fine with me and as you said we all have different needs
going back to todays markets, I am get conflicting signals on my reading of the market especially today and with the 30min time frame things can change quickly
WTI was a long and so was brent(at the time), silver was a long and so was the euro when i last traded them
when i was talking about my last view which is a couple posts back you will clearly see that i called the index's bearish but commodities and forex eurusd and audusd bullish when i took the euro trade
All and all is been a confusing day for me as usually things follow each other but they are little out of synic today, you dont get this very often but they will revert back to normal again
hope this answers your questions and thanks again 👍
patrick
pocrel
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cancel that bar finished wrong in the end, shame not much setups this afternoon, I am still looking the sell the indices when i get the right bar formation
pocrel
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Finished for the day : Daily round up
4 trades
Brent -50 -£149
eurusd +26 £147
wti +36 +£98
silver +4 +£21
+£117
Model portfolio £1081
heading out to the Theodore Bullfrog, for The London Traders' Network November 2011 SOCIAL event
if anyone in london is free come along should be bout 40 people at it
cheers
patrick
4 trades
Brent -50 -£149
eurusd +26 £147
wti +36 +£98
silver +4 +£21
+£117
Model portfolio £1081
heading out to the Theodore Bullfrog, for The London Traders' Network November 2011 SOCIAL event
if anyone in london is free come along should be bout 40 people at it
cheers
patrick
pocrel
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Hi mate,I am away in India at the moment so have not got my chart's with me but will have a look over the weekend when I get a chance
What was the trend direction ?
Also can you post a chart and perhaps I will tell you what I see
have good weekend
patrick
I thought that you might be somewhere else. I'm using a friend's laptop, away from home,too, so won't go into too much detail. Yesterday was my fault. It was not a pin. I was paying too much attention to it cutting the pivot and realised, too late, that the tail almost, was lower than the previous bar.
"Almost doesn't cut it" , I can hear you say, so I won't bother with posting a chart! 😀
You, too, have a nice weekend.
Split
pocrel
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Hi Split
here is a nasdaq chart and this is these are the bars i would have traded, I have not got the pivots so not sure which ones I would have taken
also just looking over friday there was a nice trade on audusd
