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Fao subterfuge


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Fao subterfuge

  #11 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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Chart 5 : price has moved down a little from my entry and popped back up, allowing me to add this white trendline

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  #12 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
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Chart 6. Price comes back within my stop tolerances.
i add a little white line mark probable resistance and to reassure myself lol, and remain short

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  #13 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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chart 7.
Well, my little reassuring line manages to control the direction of the market ( i joke) and price moves down to challenge the interim white trendline

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  #14 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
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Chart 8
I add a diagonal white line above price as soon as the bar that failed to break and gold above white interim resistance line closed.
Price kicks up a bit and I take two more entries, not my best entries generally speaking, but at this point I don't want to miss the move down. the move against the entry is at my tolerance of 5 pips ish, but i am confident a small puke is coming.

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  #15 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
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Chart 9:
price moving down

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  #16 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
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Chart 10:
Price moves down further to green horizontal support

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  #17 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
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Chart 11
price continues down

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  #18 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
Thanks Received: 15

Chart 12:
Price continues down again, meeting the red diagonal i added in post #10 ( the longer range line on the zoomed out chart-shot.
if you look carefully, i have also noticed here that i need to adjust the blue a/r channels. if you look at the pin at the top of the wave down you can see it is now incorporated and points along the centreline for me confirm that the adjustment is worthwhile

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  #19 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
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need to cook for the girls, so will continue sequence shortly sub

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  #20 (permalink)
MajorMagnuM
south west UK
 
Posts: 124 since Dec 2011
Thanks Given: 74
Thanks Received: 15


Chart 13.
As price has met what i see as an important support ( that red diagonal), i choose to close some percentage of the shorts.

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