I will start a "recovery mode" now. My stop hit @ 9425. The funny thing is that when I get into recovery mode I always recover my balance. Shit, I'm just trading recovery mode from now on lol.

AUD/USD

So far a little abcd move has finished, price might retrace and I'll be happy to get out without a loss, if not no worries. I see price going up, not down, but a little retracement could be highly appreciated.

AUD/USD

Does the word "retracement" ring a bell?

AUD/USD

I am even tempted to enter a new short position. Price is struggling to break the trend line of the higher highs initiated on sep 19. But we'll see...

AUD/USD

I was out, had 9365 as first target as well, but boy! It went up again

AUD/USD

If you want some action why don't you open your M1 chart? Just kidding lol. I like your enthusiasm in your last couple of posts, keep it up! Mr. C, I am also holding a short term short position, entered @ 9401, any target ideas?

AUD/USD

Hi Silat, actually I use H1 too, but watch the M15 mostly. Trying to find support but I'm patient right now. You said you were long, you were long since yesterday or today?

AUD/USD

Watching that retracement too. Price between 50% and 618 ret. The ret also completed a perfect abcd move. Keeping an eye on the H1 365 ema as well @ 0.9330 which is also a previous point of control by market profile.

AUD/USD

Hello Howard, I hope you don't conclude this thread so early. Some of us have just seen it and is very nice. I like very much the non system approach. The stop loss discussion is great. Looking forward to read more about it. Previously you said: 1) ...

The clarity thread

That's great. I think trading can become a vice like any other bad habit when is not taken with moderation. Even good things like going to the gym, church, working pro bono, practicing some hobbie will harm the strongest relationship if they are ...

How much does trading affect your Career/Relationship?

I think that will depend on the phase the trader is. If you are learning it will affect your days very dramatically. But after you are professional and the money starts flowing even your girlfriend/wife will want you to get up from bed and trade

How much does trading affect your Career/Relationship?

That's the great thing about those levels, that is PA what finally will tell you if a resistance becomes support or not. Either way, the fact of being there is great, you can go up or down, wait for a pullback, etc. NZDUSD is also showing a very ...

Ratios & Harmonics: a Different Way to Trade

I like the idea of limit orders but PA is always the safe play. Smaller TFs can also start to tell the story if you know how to read your MAs.

Ratios & Harmonics: a Different Way to Trade

That's right. This is only a possibility but it can happen: Being a so strong area of interest, if price finally gets there, there is going to be a strong interest of big boys wanting to go short. What are they going to do? Create liquidity by ...

Ratios & Harmonics: a Different Way to Trade

That is a nice reading recommendation Axlz. If I can suggest find this member PeterCrowns and read ALL his posts, they are only 41 posts but everyone is a golden pebble. Weekend. Time to check how the market is doing. This is the GU Daily. Price is ...

Ratios & Harmonics: a Different Way to Trade

To elaborate is not an easy task, and most of the times is worthless. If you don't say black or white then it doesn't have any value to some and I respect that. If you saw a monthly candle with these values: O: 1.2000 H:1.3150 L: 1.1850 C: 1.3000 At ...

Ratios & Harmonics: a Different Way to Trade

Last night I was watching this movie "The Truman Show" and a sentence caught my attention: "We accept the reality of the world with which we are presented". Each person’s reality is simply their perspective. There is an objective reality and then ...

Ratios & Harmonics: a Different Way to Trade

Don't worry, you didn't sound arrogant. In fact, I know what you mean. But I feel the need to ask again: What is the structure of the market? Btw, I said in my previous post that supply/demand play a great deal, but that is not the answer to the ...

Ratios & Harmonics: a Different Way to Trade

Thank you Davit for all your words of wisdom and for the link to your journal. I couldn't agree more about seing the "real" picture in Daily charts. Trading them is easy when you have that channel concept you are talking about, is just about having ...

What makes you sabotage your discipline?