MA
MarcinO
Rep: 67
Posts: 5,506
Here we are in 20's. A bit of confirmation and I am reversing to short position.
Originally posted by MarcinO
I will place clean chart soon, but my gut feeling is that Cable wants to hit previous high at 1.2708.
That is why I am looking at 1.2720-30 as a shorting opportunity.
MA
MarcinO
Rep: 67
Posts: 5,506
The move didn't look corrective on lower TF. You are right Duane. Even with my initial assumption that it will end around 1.2650, it was a nice intraday long play.
I may not be clear enough, with my descriptions, but many times a move which is corrective on 1H TF indicates direction for intraday trades on lower TFs. That was the case for the Pound.
My Cable Guru, what now? That move was not corrective although I agree with your outlook. I wish that I had your feel for this market Marcin, it escapes me. Keep up the great work Brother. BTW, just because I dont trade SP, does not mean that I dont love your charts, if you get a chance..... :)
Maybe TD ABCD ?
/quote]
I may not be clear enough, with my descriptions, but many times a move which is corrective on 1H TF indicates direction for intraday trades on lower TFs. That was the case for the Pound.
Originally posted by Duane
[quote]Originally posted by MarcinO
Nice stuff, Duane.
I'm waiting for Cable bearish correction end, possibly around 1.2650.
My Cable Guru, what now? That move was not corrective although I agree with your outlook. I wish that I had your feel for this market Marcin, it escapes me. Keep up the great work Brother. BTW, just because I dont trade SP, does not mean that I dont love your charts, if you get a chance..... :)
Maybe TD ABCD ?
/quote]
MA
MarcinO
Rep: 67
Posts: 5,506
I fully agree. Al, don't be afraid to post charts in advance. This is trading and there is no reason to be afraid of posting area which might not be respected.
In fact, this is what we are all doing here all the time.
In fact, this is what we are all doing here all the time.
Originally posted by Duane
Originally posted by albert
rat,
nice
Al
OK Al, let me see some charts! Not just after the fact, let me see your context charts, If you trade on the M1 and M5 time frame, you must have a larger time frame that you waiting for the price to hit before you drill down to a smaller timeframe. If you could, can I see those charts? We are in this together Bro, I have a feeling that you are a Master trader and are holding out on us, is that true?
MA
MarcinO
Rep: 67
Posts: 5,506
Nice initial reaction off 20's.
1.26 is my AOC for the day, but 1.2660 is also a significant support.
1.26 is my AOC for the day, but 1.2660 is also a significant support.
Click image for original size
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MarcinO
Rep: 67
Posts: 5,506
It made a new nominal HOD to 31, but this is still within tolerance level and I am staying short.
MA
MarcinO
Rep: 67
Posts: 5,506
Sorry for no ES posts, Duane, but to be honest I don't really know the games they have been playing there in the last few days.
MA
MarcinO
Rep: 67
Posts: 5,506
One more comment here, I am ready to keep this position overnight. Recently Cable allows for such a management style, I think.
Originally posted by MarcinO
It made a new nominal HOD to 31, but this is still within tolerance level and I am staying short.
AL
albert
Rep: 99
Posts: 3,094
Originally posted by MarcinO
I fully agree. Al, don't be afraid to post charts in advance. This is trading and there is no reason to be afraid of posting area which might not be respected.
In fact, this is what we are all doing here all the time.
Originally posted by Duane
Originally posted by albert
rat,
nice
Al
OK Al, let me see some charts! Not just after the fact, let me see your context charts, If you trade on the M1 and M5 time frame, you must have a larger time frame that you waiting for the price to hit before you drill down to a smaller timeframe. If you could, can I see those charts? We are in this together Bro, I have a feeling that you are a Master trader and are holding out on us, is that true?
Duane,
Again, you flatter me. I am far, far from being a master trader, and I would be happy to be a profitable trader, or even break even trader, maybe. I was treated for tongue cancer about two years ago, and I am still dealing with the side effects of the radiation used. I spend time doing exercises, keeping doctor appointments, scans, therapy, etc. The cancer treatment I underwent has also left me in a lower energy state. I post when I have time. Anyway, I really enjoy reading the posts in the Kane members members area, and posting some myself. Trading is fascinating!
My trading style is "different" than the typical Kanetrading style, although I rely heavily on the Kanetrading educational teachings and concepts, AND all of the material in the great posts the people in this Kane members area have posted and commented on, including you, Duane!
My trading relies a lot on indicators, some of which I do not show here, because I do not have the necessary permissions.
Right now, I look to indicators for guidance, as well the fibo levels and line work, as taught by Jim, and as I have read in the posts here. I will try to post more. : )
Al
