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- jozone1 replied Jan 16, 2012
Hi Simplicity, Maybe another view on the weekly N/U. The ellipse is an impulse move turned corrective and it is now followed up by a new impulse which confirms your original long bias. Time will tell ---maybe see if it takes out the resistance 1st!!
- jozone1 replied Jan 11, 2012
I love the metaphors, charts and explanations. Thanks Apple15, my charts are more similar to yours and I use Tradestation Forex --- the futures charts might look different because the futures contract expire 4x a year so a rollover chart is used--- ...
- jozone1 replied Dec 14, 2011
Morning, brand new here and just going through the thread now so I'm sorry if I'm asking anything that has already been asked and answered. Just wondering if I have these levels marked correctly on a 4H USDCAD. It looks like a CT trade with a fresh ...
- jozone1 replied Nov 29, 2011
As always thanks BoubaFX. I'm still trying to find my way and style. I'm trying a modified approach (still tweaking). I look at the 15 min and base decisions off it. Then I hone in on action on the 5 min time frame. The way I saw the trade is that ...
- jozone1 replied Nov 29, 2011
Took this PB. Risk 5 to make 10 -- 2:1 RR. I was having a problem moving stop to BE when it moved to +5 so covered at +5.
- jozone1 replied Nov 10, 2011
Have to train the eyes faster to spot and trade the momentum change. Just missed this OB trade hopefully better prepared for the next time. Edited --- changed the charts -- had the same one in there twice
- jozone1 replied Nov 10, 2011
1st Trade stopped out - 10 Nice PB with long tail on the 5 min and 15 min with a Keltner confirmation on the 15 and was trading above old demand area. I did notice the negative bounce off the 4H but I thought buyers were still in control because of ...
- jozone1 replied Nov 9, 2011
Thanks BoubaFX and Gravi --- great chart reading. I do learn from your comments and advice--- now to get that to sink in. I did enter that market at that price also as shown in the chart I was agressive on the 1st entry at a 38% retrace (hindsight ...
- jozone1 replied Nov 9, 2011
I was thinking similarly with GBPUSD --- I saw this short setup but I didn't take it because it was close to a demand area ont the 4H and has had a long move so I was looking for the reaction to see it if would reverse here.
- jozone1 replied Nov 8, 2011
Next 2 trades were in usdjpy entered. 1st was a nice PB but right after 2 green momentum bars it was only 38% retrace on. Risked 6 to make 12 and stopped out. 2nd entry short on direction change on the 5 and 50% retrace on the 15. risg 7.5 to make ...
- jozone1 replied Nov 8, 2011
I am reworking my trading approach where I try and identify the best trend setup on the 15 min and confirm with the 4H. After that I focus on the trade on the 5 min. I did a couple trades today 1st was a outside bar on the USDCHF. I misread the wave ...
- jozone1 replied Nov 2, 2011
1st trade of the day stopped out -10.
- jozone1 replied Oct 25, 2011
This is what I was looking at on the AUDUSD. Stop was too wide.
- jozone1 replied Oct 24, 2011
Good to have you back Elliotrader. I missed the signal bar and trade marked by the arrow around (9 - 9:15 AM EST). Was considering of taking the PB trade at the ellipse but noticed right on a suply level on the 4H and a 4H PB forming also near a RN ...
- jozone1 replied Oct 19, 2011
Trade followed up with a bearish OB which I read as momentum was not in my favor so I was lucky to take a scratch stop on the trade( I put the stop in when I had a very small profit to see if I could catch a run but did not) .
- jozone1 replied Oct 19, 2011
Long this PB because it is a proper setup in an overall uptrend above recent support. I am a tad wary because it did just stall at a major resistance area around .8780 so we shall see how it plays out.
- jozone1 replied Oct 19, 2011
Entered after PB and nice retrace closed at old surport. There was stoch divergench. and 4h was flat. Stopped out for 10.
- jozone1 replied Oct 19, 2011
I tried an IB break for a 1:1 and stopped out. Lower probability agressive trade --- there was divergence, 4H was flat but was above RN and old resistance. I was upset because I missed the earlier PB and I thought this would run to the upside more. ...
- jozone1 replied Oct 11, 2011
Thanks BoubaFX!! Some things are sinking in (still a long ways to go)and I finally am following through on some of your initial advice (Thanks again for that!!), I have 12 pairs up!! I have 6 set up on 2 monitors for a quick glance, Then they are ...
- jozone1 replied Oct 11, 2011
Got back into the same trade --- this time with price confirmation ---- already moved the stop to BE so free trade --- I am trying to stick with and learn hard rule of following 2:1 R:R. Assuming proper price action. Edit --- R:R reached 1.5:1 so I ...