[thalestrader]

Originally Posted by Kiwi »

In my case I'm automating so things so "seeing context" is a process of figuring out how to get the computer to trade when you would perceive context as right and skip when wrong, more often than not.

Automating ... I misunderstood your last post.

Best Wishes,

Thales

[thalestrader]

Originally Posted by thalestrader »

If they are feeling generous, then I am willing to take 4912, 4932, and 4958

There goes 1.4912.

Best Wishes,

Thales

[MidKnight]

Not a great start to the week. Already 3 trades and am in the hole -14.5 pips total. All the entries were valid as in they were breakouts but the context was wrong in all of them. Bottom line, context wrong = trade probably loser. This is the key to this style, IMHO. I didn't see anything right at the open like Thales did, and then as the market was selling the buck there was R too close for me to jump on.

[thalestrader]

Originally Posted by thalestrader »

I am willing to take 4912, 4932, and 4958

There goes 4932. Two down, one to go ... now if only the Eagles could get in gear for me the way the Euro has.

Best Wishes,

Thales

[MidKnight]

Originally Posted by thalestrader »

There goes 4932. Two down, one to go ... now if only the Eagles could get in gear for me the way the Euro has.

Best Wishes,

Thales

Hi Thales,

How come you would have been interested in a long with so much overheard potential R close by?

With kind regards,
MK

[thalestrader]

Originally Posted by MidKnight »

How come you would have been interested in a long with so much overheard potential R close by?

Originally Posted by thalestrader »

here is another shocker: You could even say that in addition to EW I am also influenced by Gann. Gann once said that the most profitable place to enter a trade is after the first reaction off of an important high or low. Not an earth shaking concept, by any means. But if you think about what I am doing with respect to the H-L-LH and L-H-HL, I am looking to enter a position after the first reaction off of what may be an important support (bottom) or resistance (top).

Hi Midk,

Take a look at the view of the EURUSD on the 240 minute in the context of the above goal of entering after the first correction off of an important S/R level.

In addition to what you see there, I would say that I am a big fan of buying high and selling higher.

Best Wishes,

Thales

[MidKnight]

Thanks for the reply Thales. Looks a bit different on my charts from IB data. For example, I don't have that same HL pattern you have on the 240m chart or that large gap you are anchoring off. I get the general point though.

With kind regards,
MK

[TrueBalance]

Here's the EURJPY. Looking for a short. If price reaches 132.50 on momentum I would move the stop to BE.