Another hightly volatil day. I ended the day exactly on the same spot I entered this morning before going. However I collected 100 pips on the way down before reentering at 1.2624. -I reentered because trully this day is a wash. The fall in the dow ...

Lusan Journal II

What a crazy day! Up and down. Down and up. What to do? Let the candles light the way: No longs for me until W1 and D1 says so.

Lusan Journal II

Thanks... maybe I was lucky!

Lusan Journal II

Me.

Technical Analysis Fallacy

What a crazy day. I collected over all 700 pips since yesterday while holding a full time job! -How? Multiple pairs- Thanks to 1D candle analysis. I fell so sorry for the Euro... rumor upon rumors. I wonder will is the bottom. Oh well... let us ...

Lusan Journal II

So you do fib within fib within fib. You are a fibman. This is very elegant and clear.

(binned per thread starter's request) For What It's Worth

15M rolls within H1 H1 rolls within D1 D1 rolls within W1 and W1 rolls... on mighty dollars! A thought for the day: "if I buy when everybody is buying, and sell when everybody is selling, I will be only wrong, (1) at the start of the cycle, (2) at ...

Lusan Journal II

Euro finding support in this range? Next 2 weeks will tell. I bet it is the Greece thing upcoming clarification.

Lusan Journal II

Agree. However scaling up seems to become very hard for me. In my experience, when we trade with the trend, I would expect the in-trend legs be longer than the out-of-trend legs. This allows to scale up at least 3 times It does not look that way ...

Lusan Journal II

Correct. I am actually looking into ETF trading later this year. Being playing around with the H and M15. Found that the hour is too slow for me. Scaling up is possible but even more dangerous and sizing appears even more important. -in my opinion- ...

Lusan Journal II

Ah... I rarely average anymore... sometimes I do a single rescue attempt: 1-1 However I would prefer not! I found that they are not really worthy... if I am behind 100 pips then I really screwed up. -Better it is to review the trade, if 50-100 pips ...

Lusan Journal II

Yes, sir. I started my journal again. I feel more freedom here than in any other thread. Please feel welcome. Regards,

Lusan Journal II

It is probably an institutional strategy. It is whatever I was able to learned from fti and from my own trading practice. Deep pocket? Not really I keep my trading size within the limit that my account and my mindset can manage. You see...I am not ...

Lusan Journal II

Currently my main time frame, the one I use for the main trend, is 15M. However that does not mean much to me since I am very discritionary with my trading. I might go with the H1 if I think all is fine but I am in a lossing trend... or we are in a ...

Lusan Journal II

A very tough call? Weekly tells me to sell it. Daily tells me to buy. Hourly tells me to sell it M15 tells me to wait and see. There a wall about 1.3260 What am I to do? I will sell this cow!

Lusan Journal II

No plan to introduce it. However it is amussing to watch it. Now S/R and Fibo levels have more interest even those behave likewise; they might be more useful. Still TL on the 15M are something to watch to keep us alert. (Note that many people ...

Lusan Journal II

Interesting 15M chart. See the TL: 6 touches Will it be a seventh? I feel that 1.3150 might be the floor of this triangle.

Lusan Journal II

very likely but eye on 1.3150 zone.

Technical Analysis Fallacy

Ibiam, you are fantastic. Thanks for the suggestion.

Technical Analysis Fallacy

A crazy day: Greece and the FED. But do I really care!? I trade the chart. I began paying more attention to 15M. -1H is too slow for my mood at this time.- I seek wall castles and fibo defense lines.

Lusan Journal II