Nope. I exited. CU Yes.. 1,2143 is a potential bus stop. Good luck.

Lusan Journal II

Uneasy today: We have a dragonfly candle. This is the first time I consider this candle formation type. My views of using candles make me think that the Now momentum -in the daily- is going north. I hesitate because the dragonfly is so similar to a ...

Lusan Journal II

To come home and to find PA at the same location I left it this morning. So nothing really happens: the bounce up to 1.2416 and then back. Let us see what she will do. I am going south.

Lusan Journal II

Ray, A thick city wall on the left Probably a bounce before more falling death. Now I must go to work. Cheers, Luis

Lusan Journal II

Ray, Even though the analysis said to go north I went south. Why? Note tha I said that the D1 candle showed a lot of indecision and that tha I would let H4 and H1 decided. So I took I went with then. -Also it was a gut decision and that bother me. ...

Lusan Journal II

It seems that PA wants to dance south. So there we go.

Lusan Journal II

I began reading this thread. I liked this quote, "To be a profitable trader you must trade with THE momentum. This is the SECRET of trading." Even though, I think that there are many ways to profit and that trading is an art form with different ways ...

intraday trend trading with price action

Thanks for you comments. I cashed out almost at the peak. now just dollars and gold as hedge. I feel that the market is at the brink. oh well...I moved to the south... now I just need to set up my garden and execute my 2nd amendment rights!

Technical Analysis Fallacy

Some people will find this article interesting. url

Technical Analysis Fallacy

A new week full of undecision. Preparing my equipment up, polishing my swords and cleaning my shield. Tonight I go to war. Edit: I just learned that tomorrow Europe will be off. So, I wonder if the last northern move of the E/U was the shorts ...

Lusan Journal II

A nice call yesterday however I made no money due to a bad entry: plug pull at 1.2300 and PA just bounced. I need to remember that it was a psychological round number. Oh well. The range I marked were perfect. Tomorrow is Friday. No trading. Still ...

Lusan Journal II

A tough day for all those, like me, played a dollar bull dance. PA decided to go north. Even though I planned to rescue -and I did- I decided to pull the plug was much better when I saw the reversal in D1. Gosh...it was close... PA when another 100 ...

Lusan Journal II

That was close. I took a chance on a reversal. Because I am still working on my timing I timed my entry wrong. Still it went my way then I felt that something was not right with this hammer: it negated the hammer by PA going accross the 50 % body ...

Lusan Journal II

Deuso and Baifu... your charts remind me of a computer games display. or a board behind a circus stand where people shoot bullets with a machine gun trying to kill a rubber duck. Can you sustain this level of intensity? Can you avoid ...

Technical Analysis Fallacy

I found that rescue are fine if and only if we are witht the main trend...if by any chance we are not with the trend...it defaults into something similar to Martingale and it would destroy the book. Another bad point is that you risk a lot of cash ...

Lusan Journal II

I have not had yet a single losing trading day since I adapted my current trading approach. So I am very happy with my approach. It is flexible, relaxed and profitable. Greed is held at bay and never overexposued. Rescue is still possible but only ...

Lusan Journal II

A risky moment. Is this the start of PA retracement? I do not know. However, that is what the charts are telling me. So fire on... I am buying Euros. Even though, I believe that Europe is in real trouble. -So why do I buy? Because that my read of ...

Lusan Journal II

I see momentum analysis for End of day pricing. This is a fascinating page. Thanks.

Nuggets of Wisdom from Jesse Livermore, Greatest Trader Ever

You are welcome.

Lusan Journal II