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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

  #2921 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


researcher247 View Post
--------------
Shh!!!

I'll let you in on a secret if you don't tell anyone. But 6E on pullbacks for a multi-week and MULTI-MONTH ADVANCE {yep; not a typo}.

Bias is long so target better reward to risk on your long entries and--hey, your OKAY!

Why? My cycle work (extremely accurate on weekly and monthly 'cycles') showed a MONTHLY cycle low for JUNE (right on time) and then subsequent and in addition to that, my work showed a WEEKLY cycle low shortly thereafter.

This crazy-ass currency is a buy for at least 3 months.

I'll post some charts (if I get a chance) sometime on Monday or Tuesday. Still busy as I expect CL to have another downmove of several dollars+ and GC to continue to shake out 'week' longs as it continues to advance up on DEEP retraces off the last bottom.

Well, time to make the donuts!

'trade what you see'

peace

hedvig



I am not happy about the open. lol! I was planning to buy CL for overnight. Now not sure where or when. I was looking at the ABC as my trade.

And look at that euro go...BUT, opened right into prime resistance...also locked me out of that market for the moment.


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  #2922 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


GaryD View Post




What I don't like about the W5 move being ready to roll, is the time cycle, and that currently has me leaning towards the ABC on the 30 to play out, as of this Sunday afternoon.



Truthfully, my hope was to buy in the blue shaded zone, and so now I am not sure what to do with it after a dollar fiftyish gap open. Probably killed my night trading.


Started this thread
  #2923 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


I know I am not selling something like that as it sits

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  #2924 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

INO TV - Free Videos, Learn the Markets


I don't know if that link will work, since I am "logged in", but I am listening to an audio of a seminar with Mark Douglas. "The Dynamics of a Trader's Mindset"


"Traders shit like elephants and eat like birds"

Started this thread
  #2925 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011




Started this thread
  #2926 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


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  #2927 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
Posts: 437 since Oct 2009
Thanks Given: 289
Thanks Received: 773

Look at you @GaryD !

Mister S/R & trendlines working that naked 1 hour chart...'cept for fibbin it.

Australia is on bank holiday today; wonder how much movement (6E) we'll get before Geneva opens up.

peace

hedvig

  #2928 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


researcher247 View Post
Look at you @GaryD !

Mister S/R & trendlines working that naked 1 hour chart...'cept for fibbin it.

Australia is on bank holiday today; wonder how much movement (6E) we'll get before Geneva opens up.

peace

hedvig

Indicators? We don't need no stinkin indicators.

Started this thread
  #2929 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

MAJOR lightning. I'm out.

Started this thread
  #2930 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011



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Last Updated on May 23, 2014


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