SO visit to barbershop above ?
"AUSSI" my thread and anything I want to put here
- #26,742
- Sep 20, 2021 6:11am Sep 20, 2021 6:11am
- Joined Aug 2017 | Status: Trader | 5,229 Posts
Back in business
10p closed, one runner left, I will probably close it around pivot point. First positions did not hold out.
Edit : runner closed.
10p closed, one runner left, I will probably close it around pivot point. First positions did not hold out.Edit : runner closed.
Fear is the mind-killer.
- #26,744
- Sep 20, 2021 7:18am Sep 20, 2021 7:18am
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Jr. I have a question for you if you don't mind. I would like to ask when are you moving SL to BE +1? When the positions reaches 10 pips? Or do you have some other rule? I guess it's more complicated but maybe you can give me a tip. I often do it too early ... or too late.
MrJoker,
If I may submit a suggestion here. Stop loss is not meant to be seen as 'end of the world'. It is a reflection on what you know/understand about what is going on infront of you in that real time moment. Many make the mistake of trying to predict temporary movement. Recent high/low. Important direction. These are far more relevant. Extreme 'black swans' or unprojected activity is not something that happens so often that you don't have to be afraid of it.
If you expect a 10p move, start wide then adjust. Putting aside perfect ideas, either your assessment of that trade setup is accurate or it is not.
Using a 8p SL for a 10p move needs you to see the build up. Using a 20P SL that works with a 10P target means you need to see how much time is anticipated to be used by the market.
Try this ...
Time with price movement.
Is the move going deep of is it looking for a closer congestion area?
You need context to see if you need a deadman's stop or a trailer.
Is it an edge entry or a follow through entry or a quick ending reversal entry?
I'm sure this sounds confusing but it's not. It just needs practice.
If this helps great, but if you're still confused, please say so.
Peter
Real Trading is not gambling.
- #26,745
- Sep 20, 2021 7:29am Sep 20, 2021 7:29am
- Joined Aug 2017 | Status: Trader | 5,229 Posts
Fear is the mind-killer.
- #26,746
- Sep 20, 2021 7:47am Sep 20, 2021 7:47am
- Joined Dec 2018 | Status: Trader | 1,810 Posts
jr , no guarantee s Ms Munchie , but if help coming it should be showing up around here ,used about everything there was for help , the projection and a daily S3 , same ole areas are targets going back up , need to get one back , a few hours till that 8 hour closes , just a few hours of "summer " left for mehave fun all keep drawing them lines Ms Munchie , {image}
- #26,748
- Sep 20, 2021 8:33am Sep 20, 2021 8:33am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
{quote} Jr i like this pic with your drawing easy for me to see it .Thanks
, those are ensign charts , mete bout impossible to make look the same , lite coin did go all the way to the weekly S1 that was mentioned , a bounce would have a target of todays daily S3 to start with Ms Munchie , if still in holding on, if it picks up a little steam the weekly open or close possible , but it definitely on its back foot off balance , its at weekly S1 same things it used on way down will get used on way up , draw your lines but daily S3 would be the 1st one to get poked if can hold its current low
- #26,749
- Sep 20, 2021 8:44am Sep 20, 2021 8:44am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
Mr Hocius , if playing with the exciting one , nice shekel collecting bounce of qt L3 atm its back to qtly pivot , quite a collection on that rome building project , to there and now back
to there and now back
- #26,750
- Sep 20, 2021 8:56am Sep 20, 2021 8:56am
- Joined Aug 2017 | Status: Trader | 5,229 Posts
Fear is the mind-killer.
- #26,751
- Sep 20, 2021 9:09am Sep 20, 2021 9:09am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
{image} SO visit to barbershop above ?
, 2 questions Mr A , is it above weekly open ? Where is weekly pivot ? 
- #26,752
- Sep 20, 2021 9:24am Sep 20, 2021 9:24am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
- #26,754
- Sep 20, 2021 11:42am Sep 20, 2021 11:42am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
jr , as in ,hesitant to take your profit on the best entry you have Mr A , try and keep that runner a float at least to see if wp gets a poke qutly open at 1768 , it is a bit of a magnet right now 
- #26,755
- Sep 20, 2021 11:46am Sep 20, 2021 11:46am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
jr , just imagine your hesitation spots on the bottom being upside down Mr A
- #26,756
- Sep 20, 2021 3:46pm Sep 20, 2021 3:46pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
jr , Ms Munchie it kinda left ya hanging out to dry , for a week and a half one could get away with getting in and just waiting for a bit and getting out with some profit , it was kinda on the back side of a longer pattern too , then no counter punch from the pattern that I yakked about all week end , in some detail due to a translation barrier , Mr Aussi took care of that problem , better than my english teacher could , Mr Aussi is a good english teacher those areas circled are where the 8 hour candles close and open , one usually gets one shot to get in and protect what ya leave so if wrong and the folks that move this crap are on a mission , such as was the case in your lite coin , you make a shilling instead of a shekel , but it still is a positive , may dribble back down to that Ws1 , may end up with a spot there like Mr A s hesitation spot , but if a pattern and a projection , one always has to make sure once hit it dosent get used to keep right on a going that way , one has to have there line drawn and ready , no diddling if you are gonna swing , protect whats left and move on 
, Mr Aussi is a good english teacher those areas circled are where the 8 hour candles close and open , one usually gets one shot to get in and protect what ya leave so if wrong and the folks that move this crap are on a mission , such as was the case in your lite coin , you make a shilling instead of a shekel , but it still is a positive , may dribble back down to that Ws1 , may end up with a spot there like Mr A s hesitation spot , but if a pattern and a projection , one always has to make sure once hit it dosent get used to keep right on a going that way , one has to have there line drawn and ready , no diddling if you are gonna swing , protect whats left and move on - #26,757
- Sep 20, 2021 3:50pm Sep 20, 2021 3:50pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
dosent look too bad when m30 chart somewhat normal , but many many shekels for the taking with it , more so than against it , shillings against , shekels with 
- #26,758
- Sep 20, 2021 3:52pm Sep 20, 2021 3:52pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
fighting it , still a shilling but one cannot be sloppy , at all 
- #26,759
- Sep 20, 2021 3:55pm Sep 20, 2021 3:55pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
red , ya had the patterns , you had the projections , if used shekels coming in bunches always shooting for the next in line , so easy to think and do the exact oppisite of what one should on those one or two big days a week 
- #26,760
- Sep 20, 2021 3:57pm Sep 20, 2021 3:57pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,046 Posts
if sloppy and just lobbing crap well wont be none either way , is work involved sleeves rolled up ready, standing arrow strait charging from the gate unencumbered by the weight of all those hustlers and their schemes ,you know , your theme song , the market vortex , work that does become repetitious tho , same ole same ole just another day at work
the market vortex , work that does become repetitious tho , same ole same ole just another day at work