British news are not great.
I posted this long a while ago, I now will look at multi inside bars to see how good this is.
We all learned in videos books sites and "live" that after a long consolidation breaks were often explosive (and we witnessed it alot with Bitcoin).
I will now look at a couple of similar inside bars and while it will be a small sample size (about 15) because I don't want to overload this post, it might help develop a theory and see a bit more clearly.
EURJPY is the biggest non USD pair
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Apr 18, 2019 Update:
"Trade closed: target reached: Awww it's bouncing, what a shame. So got out at exact initial target after all.
Ok 100 more like this and I can finally afford the brain transplant surgery I so deperatly require.
A shame every one is so strongly obssessed with cryptoponzi, they missed on this near guarenteed win."
I spend so many hours studying this (and others)
***************
That's enough screenshots, that's a whole lot already. Small sample size but we can start seeing something, ofc you need to spend hundreds of hours on every detail in this business.
AND SO! IF this is a strong reversal, then it should not hesitate for long.
It could sideways a while to let people time to calm down, and then rocket up, but it's not worth it.
This is why I am moving my stop up this early and not leaving it much room to mess around.
The theory is that we recover fast & strong.
I am not going to leave it alot of wiggle room because some guy that sells courses and never made money trading said so.
Doesn't make much sense to let it pullback here does it? Right, right? Also add the FUD about the british PM...
It is not good enough in my eyes and interesting to go short either!
I'm not using one of my usual 2 brokers, I don't even know how to use their platform xd.
I just dragged the stop manually on the platform, easy. Between 50% and 61.8% retrace from the bottom, still going to be in the green but really small win, slightly smaller than 1R here. Go for high reward to risk ye but trade intelligently, makes no sense to stay in just the same when conditions evolved and the initial theory didn't work out! I guess this is the hard part since 99.9% people are irrational delusional emotional trade their pnl etc.
Want to know more about trends?
I posted an idea about types of trends a year ago (strong medium weak sideways):
Don't go against trends it is stupid, but you can go against the short term trend and with the long term trend.
Counter trend trading doesn't work althought we can sometimes get it right.
I got it right for BTC (temp) bottom of 3 k, but it was going with the high term trend.
Dang I actually got it almost right going entirely countertrend with the dow jones.
I was a bit early in time, happened later, and a bit late/above in price, but Energy-Momentum-Total-Spent = Strenght * Duration was correct :p
Close enough! Didn't take the trade thought it's not one of my usual strategies I prefer to focus on my specialtie(s) and get really good at that...
I posted this long a while ago, I now will look at multi inside bars to see how good this is.
We all learned in videos books sites and "live" that after a long consolidation breaks were often explosive (and we witnessed it alot with Bitcoin).
I will now look at a couple of similar inside bars and while it will be a small sample size (about 15) because I don't want to overload this post, it might help develop a theory and see a bit more clearly.
EURJPY is the biggest non USD pair
***************
Apr 18, 2019 Update:
"Trade closed: target reached: Awww it's bouncing, what a shame. So got out at exact initial target after all.
Ok 100 more like this and I can finally afford the brain transplant surgery I so deperatly require.
A shame every one is so strongly obssessed with cryptoponzi, they missed on this near guarenteed win."
I spend so many hours studying this (and others)
***************
That's enough screenshots, that's a whole lot already. Small sample size but we can start seeing something, ofc you need to spend hundreds of hours on every detail in this business.
AND SO! IF this is a strong reversal, then it should not hesitate for long.
It could sideways a while to let people time to calm down, and then rocket up, but it's not worth it.
This is why I am moving my stop up this early and not leaving it much room to mess around.
The theory is that we recover fast & strong.
I am not going to leave it alot of wiggle room because some guy that sells courses and never made money trading said so.
Doesn't make much sense to let it pullback here does it? Right, right? Also add the FUD about the british PM...
It is not good enough in my eyes and interesting to go short either!
I'm not using one of my usual 2 brokers, I don't even know how to use their platform xd.
I just dragged the stop manually on the platform, easy. Between 50% and 61.8% retrace from the bottom, still going to be in the green but really small win, slightly smaller than 1R here. Go for high reward to risk ye but trade intelligently, makes no sense to stay in just the same when conditions evolved and the initial theory didn't work out! I guess this is the hard part since 99.9% people are irrational delusional emotional trade their pnl etc.
Want to know more about trends?
I posted an idea about types of trends a year ago (strong medium weak sideways):
Don't go against trends it is stupid, but you can go against the short term trend and with the long term trend.
Counter trend trading doesn't work althought we can sometimes get it right.
I got it right for BTC (temp) bottom of 3 k, but it was going with the high term trend.
Dang I actually got it almost right going entirely countertrend with the dow jones.
I was a bit early in time, happened later, and a bit late/above in price, but Energy-Momentum-Total-Spent = Strenght * Duration was correct :p
Close enough! Didn't take the trade thought it's not one of my usual strategies I prefer to focus on my specialtie(s) and get really good at that...
