Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see. Why did I take the order?
CJ
a "W"
They can be at angles right, as in both bottoms on a gradient?
Last edited by Reaper on Tue Mar 12, 2013 12:04 am, edited 1 time in total.
Captain Jack wrote:Spread widening at close today. This is how they hit stops in those pins and why some of your orders never close or seem to close before you intend them to. Tricks, tricks and more tricks....
CJ
Is there an indicator that will mark the candles when this spread widening happens? If it happens and a pin bar forms it should indicate a reversal - might be a heads up for a trade...
I don't use indicators so I don't know...
CJ
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see. Why did I take the order?
CJ
extended period of accumulation (ranging consolidation), move up, spread (range) widens in both directions with a pin at the top to trap traders long, then rapid reversal to trap traders short, price accelerates back up to levels of the first top and pin, with a wide spread bar - bingo - enter short with a tight stop just above the previous top
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see. Why did I take the order?
CJ
a "W"
They can be at angles right, as in both bottoms on a gradient?
Wouldn't that indicate that you anticipate price to go up!?!! ...
is it not that the price has now grabbed the longs and will drag them to their demise?
...if you are given a gift and you decide not to accept it, to whom then does the gift belong to? Think about it!
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see. Why did I take the order?
CJ
a "W"
They can be at angles right, as in both bottoms on a gradient?
"W" indicates a BUY on the 2nd leg up...that trade has past....
CJ
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A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see. Why did I take the order?
CJ
a "W"
They can be at angles right, as in both bottoms on a gradient?
"W" indicates a BUY on the 2nd leg up...that trade has past....
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see. Why did I take the order?
CJ
extended period of accumulation (ranging consolidation), move up, spread (range) widens in both directions with a pin at the top to trap traders long, then rapid reversal to trap traders short, price accelerates back up to levels of the first top and pin, with a wide spread bar - bingo - enter short with a tight stop just above the previous top
Not bad and very close...did you see the "M"?
CJ
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
Angat wrote:So you wouldnt think the last 3 (1h) candles is a bullish flag?
Hi Angat
Hmm, I am thinking (and could be wrong) that the bullish flag is what the fox wants you to see...
My thinking was that the last swing low was higher than the previous, so their is a lack of shorts for the fox to devour...so she has pushed price higher to trap more longs, only to pull price down to get their stops.!
mate I am very much only a learner as well...so my theory could be all wrong
...if you are given a gift and you decide not to accept it, to whom then does the gift belong to? Think about it!
Angat wrote:Hi CJ, thanks for all your trading tips so far, they have really opened my eyes. If you could post a couple of trades setups as and when they happen, I'm sure that will assist me and others in what to look for. (I don't care about the quick buck, I just want to be consistently profitable).
Cheers
I just threw this one on here, it's just a tad late but what do you see? After reading the thread...tell me what you see. Why did I take the order?
CJ
a "W"
They can be at angles right, as in both bottoms on a gradient?
"W" indicates a BUY on the 2nd leg up...that trade has past....
CJ
A RTT with a M forming on the 5min ?
You're getting a lot hotter. The "M" is visible on the 15M as well....this is Asian and price ranges....there could be a pin to the high later when the spread widens.... lower than the previous pin.... but it will be London before we know for sure....
CJ
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
