Gabe2004

Closed my GU short for another loss. This time 18 pips. Also closed my UC long for a 3 pip loss. Total losses for today 81 pips. Gabe

So if price is below resistance, wouldn't it make sense for price to continue down as the path of least resistance? Not that makes sense is any concern of the price action but if I would see a LH I would feel more comfortable to go short than long if I saw a HL. Gabe

Now I am lost. I thought that the idea is that the LH could be in the S/R zone but not the entry point and here your entry point is in the S/R aone. Gabe

I am refering to your EJ chart. Wouldn't this be going into resistance? Gabe

I would be hesitant to enter into a long position because of the immediate congestion (resistance) area at the level of entry. I think this is the problem that MK was writing about but if he didn't I still have a problem with it.

Took a long on UC. Same happened as with GU. Took a loss of 30 pips on 3/3 (10 pip move) and then re-entered in the same direction. Gabe

I took the trade as planed but it started to go against me so I closed it for a 30 pip loss on the 3/3 (10 pip move). I re- entered at the same price and after going in my favour, it is going against me again. Gabe

I didn't sa that you said that. I said that I was under the impression that that is the case. Probably that was my impression because most of the examples that you presented had a few bars elapse between the L-H-HL and the H-L-LH. If any setup of the above is valid without taking into account how many bars elapsed between the swing points then that is good to know. Gabe

I would not have taken the trade because there was not enough separation between the L-H-HL. For some reason I was under the impression that there has to be some bars between the L bar and the H bar and between the H bar and the HL bar to make it a valid setup. Gabe

Forrest What I meant was that I would skip a trade if the entry is close to an SR line/zone and my trade is in the direction that will get me in contact with that line/zone. If that line/zone is behind me then I'll take the trade. but sometimes there are lines/zones behind me and in front of me and that is when I skip the trade. Because i am not sure which is more relevant. Gabe

Potential GU SHORT trade. Gabe

I agree with your # 2. I have skipped trades because they were on SR zones only to see them turn a decent profit. About #3 I think you are inacurate because most of the trades that I am aware off that Thales' daughter took hapened during her sleep so there was no way for her to know that volatility will be there or not. Gabe

1 contract - being 100,000 UNITS moves @ about 10$/pip Gabe

Another option is this. Gabe

Just in case GJ does not wait fo rme to wake up, here is what could happen. Gabe

Lots of news tomorrow. I hope GJ will wait for me to wake up before it makes up its mind........ Gabe

Sorry. Don't know what got into me So we agree. That is a bad sign.....:rofl: Gabe

If you agree with my short idea then EU should give you a short indication as well since they move together many times. Gabe

Actually a SHORT looks better if it reverses here. Gabe

Possible Long on EJ but too much overhead resistance. Gabe

Took another short. Made back 40 pips Closed 1/3 at 20 pips aND 2/3 @ 10 pips each. (too soon?) Gabe

I prefer the white indicators :rofl: Gabe

Took a short on EJ because the news were good for the JY. Lost 30 pips. Gabe

Thanks Oanda is 5 Gabe

What is the spread on EJ at the moment? Thanks Gabe