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Snow Dog
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Everything posted by Snow Dog
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Whilst Mrs V and I are reviewing the times we'll trade, we avoid frankfurt open and 10 mins before/after london open. That kept us away from the move down this am. With the oversize pre LO candle below 6100 that was immediately rejected we viewed that as the headfake when the hammers followed. We are looking at trading 45mins before FO as there are often good moves 20-40 mins before FO ie 6.20-40 gmt. Then like I said we avoid the first candle in FH. We look 30 mins into FH for poss reversal. Then we avoid before/after LO. Phew thats a lot of if's and buts in such a short time.
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15 min hl doji, reject of days open, fib retrace of Fri's range combo at 6110. 5 min hl, the upper wick was about at limit of what I like, the 15 min doji clinched it though. Out half at todays high, +23, we have gone through Fri's high so any pullback here 6180 and will be happy to close bal at +50-ish. Bal out +49. Went out and missed further hl kicks up.
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I don't mess with nfp at all. Whilst I think its going down I'm actually not fussed. I have + pips on nfp day and more than happy to leave that one alone. This is a perfect break of 2 point in 1 2 3 lh. Just showing I didn't have charts up.
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For various reasons Feb has been pretty quiet so far. Sold 6152. I know Y closed a shooting star and this thing is prob going lower but we have hit 25 psych level target. On NFP day we are happy with that and are prob finished now until after that news is out. 1hr shooting star, 15 min neg close, 5 min lh little/no lower wick. 15 min also was an evening star pattern which is one I like. I did miss the double top sell around 6160 with CII divergence on 5 min.
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Did not trade at all yesterday, had some things to do. GU had nice lh's on gu from around 6am gmt. A little early for me this am. Eur had a similar set up as au. Both struggled at identified R areas. We just happened to trade au. Counter trend so I'm happy to bank pips at target level 50% of y's range which provided S area during Asian trade.
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I had dropped eur for some time, back on now with gu and au, the 3 I watch.
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Have had terrible internet connections last few days. Anyway 2 trades this am +12, +25.
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Nice, I also tried to get in at 3308 but got 'invalid price' so had to wait a little.
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Internet connection was very poor earlier. One trade today, sell 3282 target 50 psych level hit.
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1st post for a while. 1hr close pos as did 15 min. Nice 5 min hl. Target originally 5570 (we have that as our days open) but for this time of day we are happy with anything around 20, we got +24.
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Price supported at Y's US late session highs around 5610. 15 min doji, 5 min hl with little/no upper wicks. Price struggled at Wed's high 5648, gave some chance but with UK news coming and our internet connection playing up happy to exit with +20.
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1hr positive close but large upper wick around Y's low. 15 min shooting star. 5 min lh little/no lower wick. Mrs V's its Freaky Fri I'm not playing with RN +20 bank indi went off. So out +20. We are also going out in a little bit so 2 x +20 and we are pretty happy. No doubt at least we are going to 5685 and lower from there TWT.
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Welcome here. 1hr pos close doji, reject of 85 level (15/85 trade down). 15 min positive close. 5 min hl, little no upper wick on entry candle. Counter trend so out +20 (surprise, surprise). Obviously a realistic target is 5750 but what the heck.
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Mmmh yes obviously sometimes gu does its own thing. I'm a little ticked off at missing 1.3300 eur bounce that was a key S/R area. Won't be the first and certainly not the last trade I'll miss!!
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1hr neg close then a doji, 1hr lower high in bigger pic. 15 min shooting star. 5 min the smaller bounce from 111.25 is clear suggesting that level would fail. 5 min lh, shooting star little/no lower wick. We had 2 small loss of contacts in the trade so exited +20 at RN.
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I hope you managed to hold in long enough.
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Trading pre UK news 9.30 gmt was boring with no decent set ups. GU jumped up on the news but quickly struggled. A 1hr shooting star and 15 min shooting star was followed by a perfect lh, price fell below the 1 hr 8 lwma (gold ma) and another 2 lh's followed.
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GU 15 min, showing that chart here but entry was from the next 1 min lh that followed the 15 min close. Why this 15 min set up candle and not the others, well this one closed on the low of prev support with little/no lower wick. The 1 min lh that followed 15 min close, price stayed below the 50 level (another one of our favoured set ups) to confirm the sell even though at that stage the low of range hadn't been broken. My target was originally the 85 level once 6015 area broken (yes the 15/85 trade) but when RN was giving some resistance Mrs V said out so we did.
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I typically look at the 1hr charts as a set up, looks like you trade from them, nice one. A 1hr hl/lh in direction of trend normally does give good moves.
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We missed a hl re-entry on gu as price ran really quick above 6050 and we couldn't get on. Not a typical trade for me but I couldn't resist. 15 min hl/2b, bull flag, exit at Y's high +20. Pretty sure its going higher but I have to pop out and then its US news.
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A couple of 'other trades'. This one after good 15 min hammers at extreme, 1 min hl entry candle little/low upper wick. Out +20. Mrs V saying exit at 6041 W M3, I had 50 level as target, thats fine though.
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I'll admit to having lost interest in our nice little chat but as a final contribution to the debate. 3 point checklist of vsa traders to trade stocks and yes fx: VSA. VSA. VSA. Obviously others disagree as is their right.
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In your humble opinion. In my humble opinion for stocks its high on the check list of what makes a winning system.
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Couldn't disagree with you more strongly. I'm not suggesting pay for a thing. Go and search Malcolmb (unfortunately at another website) to see how you can get great vsa info for free. Go argue with him whether VSA is any good or not I won't waste my time. In stocks as the markets are centralised vsa gives great info and will help you analyse candles much better. Bottom line to the person asking the original question, volume gives you hints to what the pros are doing and theres loads of info for free. Nice try ??????????? Not trying a thing.
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If you're going to trade stocks then I'd suggest you get real good at trading vsa set ups. Volume spread analysis, theres also good info on this from e-mini trading, you'll have to search as its a pay product (well some stuff is free) and I can't advertise it here. Anyway the point is get good at volume and candle analysis.