wasp

Your trend lines are slightly different from mine for a start. Also, I guess its intuition and experience. Where you saw a reversal, I was just more cautious and I was sceptical about that original TL too. It didn't make a HrH IMO and well, I just didn't go long! That also caused me too see the next TL different too and be in after that jump and reverse as I saw that as my TL point.

Thanks for your response Abe, I have given things further thought to just what is causing my concern and have decided I need to further my risk model study. Cheers

What a gorgeous 24hrs this has been

This is my earlier point on news/fundamentals. Just because at face value, you'd expect one thing, to those moving the markets, there could be so many underlying and knock on effects that we don't consider that its hell trying to trade off funnymentals alone.

Alot... whilst my style is 'one with the market' and taking whatever it offers, from a P+L point of view, its not a size I would bother with... not worth the hassle.

Its hard as I didn't know just what size the chart was... If it was a 1 min chart I wouldn't have touched it anyhow!

GJ can be a nasty bugger at times and there are smoother easier pairs. Yes, the pip count is smaller but its what you make overall, and the ROI rather than thinking of the large numbers GJ provides. Also, 24hr trading really is bad for your health!

I am an incredible cynic. Day to day, this works in my favour, after a bad run, I expect the worse and become, well, cynical despite how well I do (documentation in my private forum)... The only relation I can think of is religion. To have religion you have to have blind faith. I have an 80% method yet still need blind faith. Despite everything, more than 4 losses in a row I expect the method to never work again. Its all 'too good to be true'. Fix me!

capital preservation over profit is good.

FYI sometimes you get long signals that need to be reversed when it breaks back down but we are talking overall averages here, not perfection.... That costs!

One to print..........

Hmmmmmmmmmmm, I think this market has pretty much stopped now!

Here is a thread to dump all the non-call chat on the live threads but without cluttering up the trade analysis thread. (where I normally put it!) Its for Firewalker and I to move anything we see fit after close of business and then discussions can continue here, rather than on the trade analysis thread as it is not always just about singular trades.

That's good cos the missus was getting fed up with the mess on the shoulder of my t-shirt! :rofl:

Sorry, BUT, I did tell you NOT to try and copy me for this reason among many... There are many things ingrained in my head that I don't even think of mentioning. Yes, they are static from times ago but, everything will change slightly... Sometimes not at all, sometimes a few pips, sometimes they will become redundant and knowing which and how and why, is just something I learnt through experience, trial and error... no fixed rules for them I'm afraid.

No, but I adapt them as price changes and S/R moves here and there so they are right as per the last time they were in that region. If you go back, you will see my S/R is perfect for the last time they were used, but go back a week and they would have been slightly different according to PA then... Basically, if price has made a new low say, 10 below my 240m level, once we have moved away from that level, I normally adjust it so next time it is correct per the last time we were at that price. Levels aren't static, they move with the times. A bit like Prince. Or was that the sign of the times?

As the lows were rejected, I looked then for a long... There was a pullback to S providing the long signal and thus personally, I have entered long on that (per the triangle) EDIT: scratched....... no live calls damnit!

No posting of live calls I said... I also said I will stick around to moan at cowpip when he f*cks up and to take the piss out of you so I am allowed!!! :haha:

Okay for a start, not my ideal viewpoint (bars, crass colours!) but FWIW... See, are you looking to call perfect bottoms and entries to ride back up or trade your style? My style is not one trade at the top and at the bottom, then one at the top, catching only the greater swings, I'd have (tried) to milk the bottom too and take profits from every occurrence, I'm not looking for 100+ moves only, I'm looking to take what the market offers right there and then/now. But hey, thats just me!

You know how I trade and I don't wait... I am in first with the big money... I am not a fan of waiting for the crowd and the weak hands. It broke the trendline and made a LrL and LrH on my charts (not that posted one) and that would have had me in whilst 'textbook followers' were all still giving back their profits.

None of your business... bugger off to your own board! :rofl:

oh yes!

...and so it goes on........... boring really ay! :\

I think part of what I do is just ingrained into my brain... I wouldn't enter a position thats moved 200 pips already, only trail by then. Also, 84 pip stop??? Personally moved mine back to 50 and looking to drop it to 40 if it works out but 80 is a tad large for me.

Its simply a case of a statistical edge. The lower the timeframe, the more trendline crosses you will get... The larger, the fewer. For me, the 60m gives a perfect blend of everything to capture what I want from the week. As my sig says though, I have included a trailing method from the 30m to allow for these HrH and LrL etc so as not to give much back (adapt) and whilst the 30m TL may have won this time, the 60m wins overall.