Too much stuff on the chart for me to see what you are asking about but you tell me what constitutes a bump and run formation?rewand » Mon Oct 03, 2016 1:58 am wrote:Nice, Does it qualify for BARF as well, let alone there is a beautiful Gartley pattern..? M15
Changed the TF to M30 for better visibility. Thanks for taking a look, much appreciated.Captain Jack » Mon Oct 03, 2016 7:08 am wrote:Too much stuff on the chart for me to see what you are asking about but you tell me what constitutes a bump and run formation?rewand » Mon Oct 03, 2016 1:58 am wrote:Nice, Does it qualify for BARF as well, let alone there is a beautiful Gartley pattern..? M15
-CJ-
rewand » Mon Oct 03, 2016 3:25 am wrote:Changed the TF to M30 for better visibility. Thanks for taking a look, much appreciated.Captain Jack » Mon Oct 03, 2016 7:08 am wrote:Too much stuff on the chart for me to see what you are asking about but you tell me what constitutes a bump and run formation?rewand » Mon Oct 03, 2016 1:58 am wrote:Nice, Does it qualify for BARF as well, let alone there is a beautiful Gartley pattern..? M15
-CJ-
Very easy to fix....choose a better pair to trade instead of trying to force orders where there is no defined cycle. This pair is is consolidation on the higher time frames and this is the chop and indecision that comes with it. You need to find a pair that has has a well defined pattern such as the examples I have been posting.fahedksa » Mon Oct 03, 2016 10:52 am wrote:Hi ,
Can you friend help me in these issue.
I am always close my trades every day and start again next day.
Example Chart attached (USDCAD-1H) My 1st entry exit with profit as its 1stLevel down
My 2nd Entry was in Friday and the trade start very good (+80 pips) but then retrace and close trade with (+30 pips) which still good.
Today my view that we still looking to start Level2 down and there was my 3rd entry but price retraced to my entry and i exit BE.
So,What i should consider more to make my entries and exit better?
I start questioning my self may be my level counting error .
Confidence is very important wish i can do better.
Captain Jack » Mon Oct 03, 2016 6:17 pm wrote:
Very easy to fix....choose a better pair to trade instead of trying to force orders where there is no defined cycle. This pair is is consolidation on the higher time frames and this is the chop and indecision that comes with it. You need to find a pair that has has a well defined pattern such as the examples I have been posting.
I tell people to look at the time frames above and below the ones you are trading. Here is what I see...
There are much better pairs to trade out there.
-CJ-
Or you could scroll back a page and see what I posted about this pair earlier.... AND you need to look at the pair on a higher time frame to answer your question about "reset" at this level. All has been stated before...rewand » Mon Oct 03, 2016 2:27 pm wrote:I hope I have got this one right. If I had followed all the trading rules, I would have entered at ADR high and, as I like it, at the meeting point of many other significant price levels. That's not what I did but by now I am in the green and managed to reshape my view on PA. My understanding is that after the level extention that was supposed to be the "M", reset of level counts is necessary. What follows could be L1 or PH. If it shows the traits of a PH then it is, becomes tradable, otherwise it should be counted as L1.
Shorting the pair, although the M on M15 looks weird. Overall, I do not like the way it moved today and get prepared for another attack on the peak tomorrow.
Thanks for giving feedback,
Andras