Discussions and Chat

[immy]

https://www.screencast.com/t/1uow8Hzk

[Minsk]

PO on USD-CHF got filled. 



 

Beautiful TRADE .... Keep taking signals Objectively like this...  

ps; if you did not take EU , its fine, because EU is the inverse of Swissy and you got Swissy running. 
 
 

 

Thank you 
 
 

[immy]

Short Seed (Not the best looking though) 

[Minsk]

goodmorning, i filtered EUR_USD seed,  other pairs on my watch list have no set up (yet). Because of the big wick of the white candle before the seed. Plus there is a level that the wicks poke and have not really broken, I count 20 bars for that as rule of thumb, but combined with the big wick white candle, I want to see it really break the level. 
 
 


 

Made a Rookie mistake today.

I filtered a siganl based on Wave 3 swing high. 

What a stupid thing to do specially after I spend good hr telling sam off about this when he filtered the GJ trade based on this. This is stupid. 

I need to tell myself off today ...         
 
 
 
https://www.screencast.com/t/hUg1ImwP


 

Thank you for explaining this, as it was what I did. But I did not realise it was a wave 3 swing high. I take note of this and I hope I will see it next time.

[immy]

goodmorning, i filtered EUR_USD seed,  other pairs on my watch list have no set up (yet). Because of the big wick of the white candle before the seed. Plus there is a level that the wicks poke and have not really broken, I count 20 bars for that as rule of thumb, but combined with the big wick white candle, I want to see it really break the level. 
 
 



 

Made a Rookie mistake today.

I filtered a siganl based on Wave 3 swing high. 

What a stupid thing to do specially after I spend good hr telling sam off about this when he filtered the GJ trade based on this. This is stupid. 

I need to tell myself off today ...         
 
 
 
https://www.screencast.com/t/hUg1ImwP



 

Thank you for explaining this, as it was what I did. But I did not realise it was a wave 3 swing high. I take note of this and I hope I will see it next time.

 

A Swing high/Low which has not been tested yet is only a POTENTIAL support or resistance. 

In this case the level in question was only a swing high. and price was already above it. It was NOT a filter we need to use. 

However, I do find it hard to get into to trends without that beautiful 2-3 momentum candles. That is why I did not take it. 

Rightly so we should have (and I had) a po long after the Seed was broken, but it did trigger on this occasion. If I don't see momentum breakout (the 2 3 or 4 trend candles) then I like to see TREND and then limit orders

NEXT 

ps; A Trading Range is defined by at least 2 EQUAL swing highs and 2 equal Swing Lows. 

[Minsk]

3R hit on USD-CHF

[Minsk]

Again USD-CHF, I put a PO on the seed.
This is the 2nd pullback, so I thought, let's try for another round.
 
 

[vickyp]

Hi Immy
I was watching this one, this morning the 3 doji had just formed. I have been working through the course, and I didn't take this as I thougth after watching the videos it was best to wait till the levels to the left had been passed. Also being at the open of Asian markets, it doesn't trend like the other 2 opens. Tonight looking at it, it would have been a good one to take!
My question is, the first 1 signal, would have filled but then taken you out at -1R. Is a 2 or 3 a better signal than the 1's? also because it had gone back up to hit the MA would this give it more possibility?
I have taken a few 1's now resulting in -1R's so I am just wondering. I have got the last few lessons to still do on the banana course.
Many thanks
Vicky
 
 

[vickyp]

not a signal... but I was wondering if @Vicky etc took this?

G/U, no I didn't take it. Not a signal, I did have a line at the top for S/R here to watch for signal after it.
 
 

[immy]

Short Seed (Not the best looking though) 


 

It was expected hence quarter risk. Rent on USD/Jpy