jaygo

Hello all, First trade was entered because of that bounce off previous level, in hindsight i think this trade was ok. Second trade was poorly managed. At the moment I am trading all in-all out. But it seems that this method ends up with me leaving a significant paper profit into a very small profit. Note the bounce off 2709 then the quick rally off 2710 as price tries to trade lower. Hindsight trading is really useless but if a similar situation were to arise half my position would be exit around 2712.5 on that bounce back, then the rest of the position should have been exited after the unfavourable PA between 2713 and 2716.

To keep the ball rolling. Entry based on that quick rejection of lower prices, showed up well on the 30 sec chart. Early exit perhaps. Although did not feel comfortable with the velocity at which the demand line was breached.

LOL. Get out of here.

May have a crack at friday's action. Our background at A is a fairly strong move higher on large volume. A- ex volume, bar closes in lower half, supply entering. B- First down bar on large vol in a while. C- move down fails with a no supply bar at C D- High is tested on lower volume, rejected but makes a higher low. E- To me this looks like a test, low spread/vol and price rallies hard next bar. F- test of this high occurs on low vol at F, the previous two bars have both closed at middle. F is a potential no Demand for a short with out background weakness being the supply at B and successive dry up of vol on these attempts to rally higher. G- this bar and the previous two have all closed in the middle and are narrowing in range, reaction may be failing. H- gives us a no supply bar, vol is drastically lower and we have already stated that there was strength in the background. I tricky bar, clearly shows selling into that bar. Price reacts slightly but vol dries up quick, Price struggles back up to J J- strong selling into this and next bar, if i were long this would not be a good sign, however price again reacts on low vol K confirmed test, however price has already rocketed higher before you can take advantage of the signal. Any input on what others would do here? As far as trading this i found pretty tricky, the supply that kept entering at the high kept me looking for shorts. the low volume reactions however were a big clue in telling us that the reaction was a withdrawal of demand rather then supply being in control. Any mistakes or input? ill try and post a few of these charts next week.

Just curious. Again can you tell why there should be a relationship between the position of the moon and strength/weakness of financial markets?

Surya, Can you explain to me why the position of the moon in relation to the earth has any effect on financial markets? And astrology isn't the oldest predictive science because it is not a science. "Astrology is considered a pseudoscience or superstition by the scientific community, which sees a lack of statistically significant astrological predictions, while psychology explains much of the continued faith in astrology as a matter of cognitive biases"wiki.

Amazon.com: Studies in Tape Reading (9781596054905): Richard D. Wyckoff, aka Rollo Tape: Books This might be what your looking for. Its a 97 page just on tape reading written by W. This is the same book as the DTB just under a different name.

Victor, You need to make the readers aware that you run a paid live trading room. Thanks

macdfx, Whats an affiliate link?

Purple Monkey Dishwasher.

OP is a spammer, look at the post edit.

What is it? and how much?

im sensing some serious fail at humour here.

He is refering to Traders Lab - This site.

?... im sorry, I understand that english wasn't your first language but i didn't understand a word of that.

This thread seems to be dying off a bit so ill do my best to kick it along. My levels for today - 1812-14 R - This area has provided resistence for a while so i will short any attempt to break this area if one of my setups occurs. I must also consider playing the breakout of this area. 1890 midpoint ill stay away from this area during the open - middle of the range has the least amount of direction, if price was to approach 1812 or 1772 and then react/rally to this level i may trade it depending on the PA. 1770-74 - At this level I will attempt a long if PA permits est. 1760- mid point - same as above for this level.

Intresting thread. Personally i quite enjoy eating my neighbours guts, saves on food bills.

nope chats working fine. Must be your computer.

heres a hinge on the eur/usd, quite a large one. Price seems to be struggling at that mid point so we may see a break downwards soon. i wont trade the breakout as that usually end up being stopped out. So ill play this by shorting when price retracts to that support line or mid point.

So how would one manage this trade then DB? (looking at attos chart) If price fails to break north i would just get stopped out and move onto the next setup. I always assumed that what i was looking at just wasnt a hinge. If this were to happen would the most logical entry be on the break of the mid point or perhaps the demand line? Even if i didnt trade the hinge the failure to break north gives a pretty good clue to where price is heading which is always helpful.imo

If you cant handle your emotions now then think of the pressure trading fulltime? The need to make a profit everymonth or else your in the poorhouse. I would stick to your day job and just keep going the way your are.