TheBramble
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OK, jon would have perished too now, but he has the advanatge of having been smart enough not to have taken the trade.
...which wouldn't have stopped Jon if he was at 2918...?
Only if steams on up through what should have been my stop at 25….But I’m still only down the same % regardless of which stop I chose.Tony - looks like your stop was wise.
When I started posting about EURAUD it would have been only coincidentally a break out to new lows. Combination of factors for setup: trend, momentum (or lack thereof), potential SR level and price action. Didn’t come off that time as even with the correctly placed stop, with subsequent price action I’d still be now considering if I wanted to remain in the trade.Initially I thought you were planning a sort of break out to new lows continuation? So I thought I'd look at it from my retracement perspective. Not quite sure where your actual entry sprang from.
Of course not. A useful lesson to the kids – don’t try this at home!Sorry I littered your story though - shall I delete all mine?
Thanks for your opinion. Bias is a function of trend. Expectations are more correctly awareness of potential entry and exit (targets) levels which are a function of Support and Resistance levels. Not sure what you considered as predictions.Too much prediction in my view, to much bias, too much expectations.
OK. Great. How exactly do you monitor demand and supply imbalances and how does it evidence itself as a time to ‘jump’ on it?Better to focus on demand and supply imbalances and jump on when that is evident.
Did you actually call that ahead of time with your reasons for entry, discuss your on-going trade management during the trade and define the basis you were going to exit upon all in real-time?Made my 10 pips, 2% , initial risk 5 pips.
Thanks for your opinion. Bias is a function of trend. Expectations are more correctly awareness of potential entry and exit (targets) levels which are a function of Support and Resistance levels. Not sure what you considered as predictions.
OK. Great. How exactly do you monitor demand and supply imbalances and how does it evidence itself as a time to ‘jump’ on it?
Did you actually call that ahead of time with your reasons for entry, discuss your on-going trade management during the trade and define the basis you were going to exit upon all in real-time?
Well, I’ll be sure to keep that in mind to be sure.Keep in mind, that I am only trying to help and I hope it did.
well, i’ll be sure to keep that in mind to be sure.
It might have been helpful had you answered any of my questions rather than waffle on with idiosyncratic words and phrase which probably make no sense for good reason.
“bias is not a function of trend, technicality is,”. Ah right. Technicality. Of course. Good old technicality. Whatever that might be.
“bias is what you predicting is going to happen, and when it does not, you little head that created it is just going to be hit.” so you’re telling me that my view of bias determined by trend is quite wrong and causes me to predict things which will cause my little head to be hit. Right, thanks for that, guru.
“takes time to master the demand and supply issues but doable if screen time is invested,”. Thought you might say something like that. I would have done too had i painted myself into a corner and had no option but to come out with some bs generalisation that don’t actually say anything.
“also i do not think the 15m tf is suitable for that, 1 and 5m is better, because you are better able to see the struggle between the parts (bulls and bears) and when one joins the other to cover, creating the double pressure. I trade the 30seconds or the equivalent tick without”. Wtf! A masterpiece of word spaghetti. You’re now telling me my trading tf is wrong for your method (tbd)! “struggle between the parts (bulls and bears) and when one joins the other to cover - double pressure”. Complete gobbledegook.
“not sure if i understand here.”. I was asking if you called the trades in real time and explained your potential entry criteria, potential exit levels and why and your in-trade management decisions. What’s not to understand? But i think we’ve got a clear picture now why you didn’t understand.
Mike, i’m please to share this thread with anyone who wants to contribute in similar manner, and although i can’t stop you, i’d appreciate you not posting any more of your old bollox in this thread. Cheers.
EURAUD - Heed my command thou bastar!d pair!!!! Halt they advance, desist and turn thou at the level known by the number of it's name which is of the 25.
...or I'm going to lose all interest in this pair.....
I've got the ticket ready...Ah, the old rage and hope technique It listened though, look at it now.