You are right. My long position of E/U is stopped out with 20 pips of profit. There are too many false break-outs on 15M chart. thanks.

Technical Analysis Fallacy

Thank you very much for sharing your knowledge, experiences and wisdoms with us. I totally agree with you indicators are just tools. Price action/pattern analysis is king. I observed the E/U is going up again. And I hate that my E/U long position ...

Technical Analysis Fallacy

You have done such for us. Enjoy your life and your time with your girlfriend.

The System (Irony included)

Seems this thread are getting prosperous. Thank you Feb, TV, OND, ian, leigh, Mr. Trend, alcalstro and all other friends for your great contributions. I think I should read all again from the first page. Well, this is the summary. (Feb's and OND's ...

The System (Irony included)

Welcome, friend OND. Your descriptions on your E/J trades and false break-out are great! By the way, how do you deal with false break-outs? In your E/J trade, the S/L is more than 1%, I assume the leverage you used is less than 10 times? Thank you ...

The System (Irony included)

Thank you for your explanation.

The System (Irony included)

Thank you for your analysis. As for Pivot Price, it = (H+L+C)/3 (so it is an average price that average high and low is half-weighted, and close price is half-weighted), right? But you have three pivot price, can you explain to me? Thanks.

The System (Irony included)

So, when E/U broke 1.4700, and 1.4725, did you have the guts to ride on immediately?

The System (Irony included)

Well. Maybe. But it is neither brother thing, nor showing-off thing. Just a suggestion to you. Because I used to be concerned for the roller interest, but if holding a short position for several days I can have several hundred pips who cares about ...

The System (Irony included)

-8.66%? Well, seems you were robbed. But did you transfer the -8.66% to pips? I would be easy to calculate the real cost of carry. For my platform, it is about 2 pips a day.

The System (Irony included)

Thank you. I opened E/J short positions using the same method as yours, i.e. 1-2-3, but mine is based on 1H or 15m time frame. I closed because I lost patience and doubted a double bottom on 1H may be formed. Just as you said, I am here to learn ...

The System (Irony included)

Thanks for you reply. Forget the questions about E/U, I made it over complicated. BTW, U/J is 109.7 now, suppose you didn't close your short position, there would be 100 pips more. Yesterday I shorted E/J at 162.12 after +56 pips profit, I closed ...

The System (Irony included)

Take your quiz too. While your method follows 1-2-3 method based on daily chart. If E/U did break out your box and retraced back to some limit without destroying trend, then you entered. What about, if E/U continues but stop at the previous ...

The System (Irony included)

OK, take your exam. So, if I am aggressive, when E/U breaks 1.4707, then I will long, S/L 1.4575, if breaks 1.4595(better at 1.4580), then I will short, S/L 1.4727. Right? Peace to you also.

The System (Irony included)

Seems more and bigger "communications" going on last night. I agree with you, Feb. The trading topics shall not be too diverse. In a public forum, even in company meetings, it is a phenomenon. Wish you all the best. And I wish I make friends with ...

The System (Irony included)

Well, thank you. Very diplomatic, and politically right? I learned this from my American teacher Mary.

The System (Irony included)

Well, some kind of adult thing.

The System (Irony included)

Well, seems some "communications" going on. Thank you for your reply to my questions. And I am glad you know Pu Tong Hua. On Friday GMT08:00, E/U went up first touching 1.4645, then suddenly went down and broken previous support 1.4610. To my ...

The System (Irony included)

Obviously, you are not drunken and paid attention to my question. Thank you a lot. I did see hammers on daily chart on 17 Aug and 22 Oct for JPY crosses. A big red bar (with no or small pigtails nor tails, and engulfed previous several bars) after a ...

The System (Irony included)

Hi, Feb(somebody doesn't like big brother thing) Regarding PA, besides fractal and V form, are there any other price action to be focused and worth notice?

The System (Irony included)