MA
MarcinO
Rep: 67
Posts: 5,506
I am not sure if the move up is down, but if so, I am expecting CD leg to 1.2225.
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MA
MarcinO
Rep: 67
Posts: 5,506
Dollar is weak. I think Cable will go straight to 1.1510-30, where it may need some rest. Technically this is a very strong level.
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RA
rat89
Rep: 0
Posts: 7,015
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AL
albert
Rep: 99
Posts: 3,094
Made a bit today selling DDD, Three D Systems Corp. I got out too early, as usual. I noticed price movement on the Daily, and looked at the 5 min and made a
ML set on a 3D on the 5 min. The terminus of the 3D on the 5 was not at a 0.886 fibo, imo.
More later. I am not sure I am trading roofer's "Beauty and Simplicity correctly. I believe roofer's comments were that "Beauty and Simplicity" was to be used on Intraday trades only, and I think that I am trying to apply the rules incorrectly. More later. There was a gap on the 1 min, but not a gap on the 5 min.
I want to thank Duane for "drawing out" my thinking on the earlier short time frame paper trading I was doing. I think that method requires too much "chasing" price in the first few minutes of the trading day, and had limited potential. I could not get consistent-enough results with the indicators I was using. Good Luck!
Al
ML set on a 3D on the 5 min. The terminus of the 3D on the 5 was not at a 0.886 fibo, imo.
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More later. I am not sure I am trading roofer's "Beauty and Simplicity correctly. I believe roofer's comments were that "Beauty and Simplicity" was to be used on Intraday trades only, and I think that I am trying to apply the rules incorrectly. More later. There was a gap on the 1 min, but not a gap on the 5 min.
I want to thank Duane for "drawing out" my thinking on the earlier short time frame paper trading I was doing. I think that method requires too much "chasing" price in the first few minutes of the trading day, and had limited potential. I could not get consistent-enough results with the indicators I was using. Good Luck!
Al
MA
MarcinO
Rep: 67
Posts: 5,506
Right now, my next areas for the Pound are: 1.2450, 1.2415-20 and 1.2355.
Of course there is a big event at 4:30 EST - high court ruling on Brexit, which make send Cable in either direction.
I will try to post charts later.
Of course there is a big event at 4:30 EST - high court ruling on Brexit, which make send Cable in either direction.
I will try to post charts later.
RA
rat89
Rep: 0
Posts: 7,015
roofer cautioned against using certain setups in longer timeframes because it forces you to take on too much risk. The setups work, but you are holding overnight, so when a trade sets up against your trade it's not in market hours.
Originally posted by albert
More later. I am not sure I am trading roofer's "Beauty and Simplicity correctly. I believe roofer's comments were that "Beauty and Simplicity" was to be used on Intraday trades only, and I think that I am trying to apply the rules incorrectly. More later. There was a gap on the 1 min, but not a gap on the 5 min.
I want to thank Duane for "drawing out" my thinking on the earlier short time frame paper trading I was doing. I think that method requires too much "chasing" price in the first few minutes of the trading day, and had limited potential. I could not get consistent-enough results with the indicators I was using. Good Luck!
Al
