35854 replies to this topic

[delta66]

My bad 62ema on 1hr tf

hi-yes Surefoot..strictly speaking my initial entry/tp failed...with div providing underlying strength, support holding 62(1hr) a staggered approach seemed valid hence my add slightly off support(62 on 1hr)..targets were(ppp)point to point line projection on high/low candle(1hr)

 

what started as ma crossover ended in a twisted blend of gut feel/"leap of faith"/mtf candle chart reading/analysis ..chop on that weekly pivot when viewed on lower tf's was horrendous to say the least. 

[BuddingTrader]

It takes years to understand the market and be profitable....not to be negative but agree with B, study and papertrade first, trading the ALSI is another thing and I only quote what the legend of all traders said...."trying to catch the daily fluctuations was fatal to me"!

 

Big money lies in the big swings..I am still of the view scalping will just cause you pain and frustration!

 

READ THE ATTACHED REALLY GOOD!!!!

 

A

Hi Argento

 

Thanks for the post.

 

Downloaded and read the whole book. Excellent reading.

[davidp13]

Calling on Jakes. Long or short dear sir? I'm leaning towards long.

[Jakkals]

target hit 46459..

quick wrap on today's trade setup and for purposes of transparency, for what its worth and those interested or testing different approaches...you'll see projected target was based on a 5min candle closing price @9.00am

Thanks Delta

Can you explain the candle at 9am?
Also noted that 100ma was support that didnt break.

antonj(Surefoot)

My bad 62ema on 1hr tf

[Jakkals]

target hit 46459..

quick wrap on today's trade setup and for purposes of transparency, for what its worth and those interested or testing different approaches...you'll see projected target was based on a 5min candle closing price @9.00am

Thanks Delta

Can you explain the candle at 9am?
Also noted that 100ma was support that didnt break.

antonj(Surefoot)

My bad 62ema on 1hr tf

[Jakkals]

target hit 46459..

quick wrap on today's trade setup and for purposes of transparency, for what its worth and those interested or testing different approaches...you'll see projected target was based on a 5min candle closing price @9.00am

Thanks Delta

Can you explain the candle at 9am?
Also noted that 100ma was support that didnt break.

antonj(Surefoot)

[delta66]

Problem in this forum is you have a few dickheads who make it difficult for those who want to learn!!!

 

Yet I do not blame the dickheads as its a public forum...I  blame the admin...They r a bunch of sissies who do not do the work!!

 

Admin read this..

 

Youll r a bunch of sissies....

 

Now ban me for good...

 

Thank you

happy now?

[delta66]

target hit 46459..

quick wrap on today's trade setup and for purposes of transparency, for what its worth and those interested or testing different approaches...you'll see projected target was based on a 5min candle closing price @9.00am

[delta66]

Another TA textbook day....Todays low confirmed on many resolutions 200sma 15m,100ma 30m,62ema 1hr....all about findin levels of confluence for signal.

Sent from my GT-I9300 using Sharenet Sharechat mobile app

so right my friend    thanks to every single member who puts it on the line posting their views on this thread...profit or loss - you're are all winners in my book!

 

now time for that whiskey..good weekend and see you front line again monday!

[denrandgroup]

sorry..>>>technical analysis

Another TA textbook day....Todays low confirmed on many resolutions 200sma 15m,100ma 30m,62ema 1hr....all about findin levels of confluence for signal.

Sent from my GT-I9300 using Sharenet Sharechat mobile app

[Vertebrae]

Friday close short sellers createappearance of minor 1 completion in the 3rd

But whether its a minor 2 or the 1st b of the C - its a short

Any case the full moon must be appeased next week

[Turboshark]

@Delta, Thank you, will definitely touch base, if not sooner. Thank you too, to everyone for their advise. May your week-end be a good one.

[delta66]

Any help would be appreciated.

traderscorner..garth/andrew are good guys!  they will help you get to your goal of trading consistently.  when you ready and if i'm still here..drop by and shout out "hi"

 

good luck on your journey

[Turboshark]

@Delta, no problem. No. That is why I wanted to follow this thread(ALSI) as it seems more exciting than just buying shares, Argento mentioned the Top 40 as well, just looking for a starting point.

 

Any help would be appreciated.

[delta66]

sorry..>>>technical analysis

[Turboshark]

@Delta, TA?

[delta66]

@Delta, yes, but for me is it not a good way to start...

when you are ready..........you will know

 

are you familiar with any TA?

[Turboshark]

@Delta, yes, but for me is it not a good way to start...

[delta66]

@ Argento, so one can make / loss money on the local market in the morning and again when the US opens, like now...

with respect Turboshark..risk is there all the time once committed to a position...make sure your gearing is structured correctly

[Turboshark]

@ Argento, so one can make / loss money on the local market in the morning and again when the US opens, like now...