just had a very lucky escape made a total mess of entries managed to escape with small profit ( mistakes happen)
45 from 48
45 from 48
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Disliked{quote} Yes 46 pips today, 1.2946 to 1.29 sharp. At least one good trade this week .. But I have reduced sizes after my last troubles from 1.3190 Edit: how would you comment that sharp retrace to 1.2934Ignored
Dislikedjust had a very lucky escape made a total mess of entries managed to escape with small profit ( mistakes happen) 45 from 48Ignored
Disliked{quote} retraces are part of the business. you should expect them always. if you look at my last posts, i called the retrace.Ignored
Disliked{quote} lol, thats what happens when you scalp the 1minute chart. riskyIgnored
Disliked{quote} yes I understand, but reaction was sharp, that is why I asked, did I miss anything specialIgnored
Disliked{quote} Thanks for that confirmation - Guess I'll use r-v1 then though very puzzled about usage of r-v2. Will focus on understanding how r-v1 plots the DS zones based on dis-similarity and then similarity appearing.Ignored
Disliked{quote} Yes 46 pips today, 1.2946 to 1.29 sharp. At least one good trade this week .. But I have reduced sizes after my last troubles from 1.3190 Edit: how would you comment that sharp retrace to 1.2934Ignored
Disliked{quote} youre welcome. remember its a scalp and a late entry if you intend to hold for long. it may go down straight it may retest 30ish. i would look to take profit or move stop to breakeven if she goes down furtherIgnored
Disliked{quote} There is a fight going on between Dollar and Swiss Bank who have to now drop their rate to 1.2. Potentially that creates value for EU as a more attractive or substitute currency to the CHF.... if I've understood the fundamentals correctly. So what's interesting as a trader is: What would happen if USDCHF goes UP (because USD now > CHF in value)....given that USDCHF is a close proxy for DOLLAR in EURUSD? It should go down right? But what made EURUSD go UP when USDCHF actually just went BLIMP and nothing. Anyone got EURCHF as a chart? It's...Ignored
Disliked{quote} It's edging that way. I was a bit nervous about that spike up cos it blasted past 2930 and I had 2928 as a key midpoint level on the 4H.... was thinking it was gonna drag everything back up to 50-60. But thankfully it's easing its way down.... they must be pricing in the fact that CHF has to take a hit (SEE BELOW).... Euro valued more than Swissy now. But then.... how did this effect EURUSD? (short term, long term?) {image} {image}Ignored
Disliked{quote} In theory, Price is meant to be the same across all charts on all brokers. You can take any stochastic process (ie. Indicator) and imitate Price. This should also be the same as price. When a difference is spotted, trading opportunities appear. These opportunities will typically be found in price ranges that have a 9 out 10 chance of being returned to. These are Recurrent Prices There are ways to identify the prices that have 1/10 chance of being returned to. These are Transient Prices You typically trade away from Transient Prices towards...Ignored
Disliked{quote} the correlations still tricky for me. cant say what effect/ btw i expected that spike up thats why i didnt panic. most times its a bull trap when price rises violently.Ignored