wasp

There seems to 'finally' be some rejection at support and I may take another long...

There are/were levels which had been of importance but the last time price was at said level, it was of no importance. Those levels become less of use and can be removed. as they are no longer S or R. Attached are the 2 variations.

I see problems with some of my levels and I think I had too many and there importance had waned yet I kept them regardless. Removing some which held little strength at the most recent areas (despite their strength prior) would have meant more success.

Out for -60 Bollocks to this. I'm going down the pub.

long 203.25

I took the -50 and taking some time to look into my lines. Analysis shows that had I drawn them differently to what I did, I would have caught this entire drop. It also shows that I had I done it differently, I would not have made more than 20 pips a week if that over the last 2 months. stumped.

Yes, I think we find it all too easy to become distracted and not concentrate on what we are doing. (T2W, taking the piss out of Belgium, looking at other markets). Come on chaps, bit more professionalism.

At the moment, I'd say don't ask me! but, at the moment, I would bbe looking for 204 to hold, if not........................??

It wasn't the market this time. It was all me. I have no excuses apart from bad placement of S/R. I have pulled the kitchen knife out of my hand and bandaged it up and away we go again! Oh, and must stop playing with my nieces, posting shit on T2W to start arguments and stop trying to keep the No1 slot over there too. ----------- As Mr Pink said to the others.............. ''Both of you guys got ten years on me and I'm the only one acting like a professional.'' I'm NOT Mr Pink in this equation.

+40 / +21 / -38 / +142 / -60 / -50 / +60 / -60 / -60 / -60 = -15 So, -15 on a 600 pip range week.......... :\ -------------------------------- Long @ 204.10

100%. :crap:

In an ideal world, I would trade at the euqivilant of £1000 per pip, take 100 pips a week (easy in FX) and I would be happy as Larry. If I only had the capital! In the meantime. Personally I run two books. One I attempt to build and compound and the other a weekly wage. The goal being the above.

The HMA's would have been beautiful this week! Its annoying for everyone I think, partly due to everyone so used to trading a range only to get hit by a trend we all dream of yet always miss out on! Great day for the trenders though! On Sunday I posted a daily chart expecting this break to cause a down move. Never did I expect this size of a move. Why? Because whenever I have done the same thing in the same situation, it has bounced then continued up!

Ironically, I switched from dailies to 240m because of the range bound conditions! The dailies made this obvious as I posted at the weekend but trade the 240m plan regardless!

Look at the att chart on a smaller TF. You can see that S/R on those did not got broken thus, negating the longs. The problem with the 240m chart is one pip too high or low with the S/R and you are screwed, and every time, it landed the wrong side. 240m stays paramount but I will not be taking positions based on 240m alone, I will want to see the ST S/R broken too. I need to look into it more but it would stop these problems. Hopefully.

Now I have stopped beating myself up and put my frustrations into my blog, I have come to realise that a 240m S/R plan is not any good alone, despite the last few weeks being near perfect! These knife catches are causing problems so I will now incorporate a 30/60m S/R chart also and only reverse if those timeframes also agree. Bit of testing to do there but need something else as this is a tad too unreliable.

I have nearly finished crying. I'll be back shortly.

sod off! :crap:

was anyone expecting that 200 pip 30min drop?! Right. I am off to nurse my wounds as this has been the shittiest week of the summer for me and the best movement to rub further salt in the wound :frustrated:

Entry @ 206.18 Stop @ 205.60 Target @ none Now shoo, I was up 100+ just now and missed it as it dropped and gave all back whilst talking to you!!!!!

GJ is amazing... One week its hard to get out the 100 pip range, this morning its pulled back 175 already and only just giving a solid long signal now!

Come on then Belgium? Where is the long signal here? (I am long and nicely in profit based on my 4hr rules alone).

Oh yes, its always risky business though, that's just the nature of trading. Both these charts end at the same point............ A) up B) down C) sideways ?????????

You dare doubt my skills! :fight:

I think part the problem with mycurrent ways is that I am reluctant to go under 4hr charts as it means I end up seeing multi options, and taking more trades. One of the good factors about the current way is no chance of over trading. I see your points FW and when I have 5 minutes, I will post 10 charts that chuck the trendline theory out the window!