Update:Looks similar to CJ's chart at SOME not all points. It looks like afterwards. But in real time I bet you cant say that same pattern gonna form. Or maybe Im too bad trader
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| Author: | botrak [ Mon Oct 05, 2015 8:30 pm ] |
| Post subject: | My Trade Journal |
More about spread. Same chart at M15 and zoomed to M1. There was only one 4 pips widening during news. That wideninng was in range not at pins. I marked pins at M15 chart and there were no spread spikes there. I dont know how can I use CJ's words in main thread about spread if I dont see this stuff. Maybe fox show off later. I keep watching. Update: Nothing changed over night. No spread widening during reversal at W/pin areas. |
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| Author: | botrak [ Tue Oct 06, 2015 10:01 am ] |
| Post subject: | My Trade Journal |
I dont think my previous eurusd/euraud trades were good. They were trades before news. "News" could bring price down easily. As i said before patterns are useless [RRT/M/W/pins/a-b-c] unless you in the right spot [level count is rignt]. I still dont understand how to combine information if level counts are different at M15/H1/H4 timeframes. Another pattern trade Ofcourse I can adjust 3 levels to this chart to make it fit. But I dont think its good to imagine levels. Trades and price patterns should be based on levels and not vice versa. At M15 levels [pushes for H1, doesnt matter] more clear but taking trades at small timeframes separated from bigger picture isnt good too. |
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| Author: | botrak [ Tue Oct 06, 2015 10:32 pm ] |
| Post subject: | My Trade Journal |
| Author: | botrak [ Wed Oct 07, 2015 12:54 am ] |
| Post subject: | My Trade Journal |
Maybe SH before London will take place. But who knows... |
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| Author: | botrak [ Thu Oct 08, 2015 11:41 am ] |
| Post subject: | My Trade Journal |
Maybe fox trapped enough volume yesterday Update: added some at SH |
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| Author: | botrak [ Thu Oct 08, 2015 3:45 pm ] |
| Post subject: | My Trade Journal |
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Update: Looks similar to CJ's chart at SOME not all points. It looks like afterwards. But in real time I bet you cant say that same pattern gonna form. Or maybe Im too bad trader |
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| Author: | botrak [ Thu Oct 08, 2015 8:19 pm ] |
| Post subject: | My Trade Journal |
This W failed. But price returned in this area 15min later [another SH?] H1 and H4 pins formed. "Take RRT at Daily/H4" they said in main thread. There are lots of failed W/M at higher timeframes too. PA is same but takes more time. If I cant trade at Daily/Weekly cycles it gonna be waste of time trying to catch level3 trades at Monthly cycles [D1 candles]. I think that CJ's method is not that easy as "just 3 levels + RRT" if only two people from thread can use it and have over 80% accuracy? CJ and sympathy have some knowledge that they practice and develop "feeling" of turning points. CJ retire from forex and dont post trades anymore, sympathy spam his trades without explanations or with levels which sometimes shift next few days. Dudest has his own "abc" style which differs from CJ's [no lines/fibs at charts -PA only]. As for other I dont remember any active member who has constant high acurracy trades and willingness to help newbies. Adapting 3 levels to charts without underlying reasons is useless in terms of education. You aint gonna understand why airplane fly even if you spend all your life watching. Pins/RRTs work only in specific areas, but all attention in main thread is focused on subjective level drawing [sometimes after pins, W's/M's at levlel 3 price continue in same direction explanation is "oh another level up/down" or "price MAY not SHOULD reverse after L3"]. Also nobody explain why SH incoming/wont happen after M/W, when and why its over [how do you know fox get enough volume or not]. Why some W's/M's below/above asian are not SH but pause during real move etc. I can answer all these questions on my own but only AFTERWARDS [that wasnt lvl3, they made SH here, gather enough volume there etc.]. Nobody explain it in real time. Keep on struggling on my own. |
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| Author: | AnotherBrian [ Fri Oct 09, 2015 5:38 am ] |
| Post subject: | My Trade Journal |
I hear you. I still don't understand why people talk about the fox, who is the fox? Is it like a conspiracy theory? Good it works for other but I can't digest it. Posting charts with no words isn't very helpful either so I don't read any posts unless there are words. Why don't you guys set up a screen share using skype and talk it through? Then you can have a healthy discussion and maybe learn something from sharing with others? Might be hard with people all over the world though. Hope you start to "see it" soon! |
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| Author: | botrak [ Fri Oct 09, 2015 12:05 pm ] |
| Post subject: | My Trade Journal |
Another usdcad try  |
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| Author: | botrak [ Fri Oct 09, 2015 12:18 pm ] |
| Post subject: | My Trade Journal |
Update: closed long at M above asian and looking for Pins/W at "A" level. |
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