Closes of bar inferior then 1 hour aren't reliable?

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This demonstrates that trading the moment keeps you from being biased. Are you short at resistance or is it time to wait for a new alignment?

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Great! M30 charts are good for managing as I can see. It was terrific observing the same levels, best lesson ever. Thank you Dove!

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Thanks I am absorbing, I really appreciate.

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I know price action formations are irrelevant but has yesterday's bearish pin bar dancing around the daily 76.4 anything to do with the decision to take profit at DPP?

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That resistance (142.47) was tested by 2 1H candles or 3 30M candles and during that time they kept above the smallest mid support. I guess here is where the trade management comes into place. The discipline to pursuit the 40 pips if and when price ...

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The secondary is near the fixed daily pivot which is also paradox resistance at that level. If and when price gets to 143.06 at major resistance we would have the paradox to confirm it since now the secondary resistances are all below that level. We ...

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Dove, let me try to understand your previous lines. We needed a close above 142.47 some minutes ago to decide if we continue to hold our long position taken at support at 142.17. If the condition was met then we continue further, otherwise you ...

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Based on yesterdays hlc/3 dpp is 142.534, this means yours is dynamic.

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142.47 is a very specific number. It is sitting right now above my moving daily and weekly moving balance points and I have a 180 min resistance exactly at that number.

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What about trading during or before the news?

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And the assessment of these vars are executed in the present, every new bar updates what is going on, hence the past is just the starting point but not necessarily the exact trigger since this will change in the here and now. Simple but ...

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Very interesting. The other strength of your methodology is when you recognize price is in a wedge, and also when there isn't sufficient space to play the 40/40 rule.

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Could you please elaborate what do you mean by synchrony? Thanks! And great entry (and exit). Edit: I used those spreadsheets calls in the past but aparently your daily chart analysis is way better by using the current direction of the trend plus ...

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I know it will require a lot of practice and discipline but it sure is the way to become a 5%er. I enjoyed reading these two posts of you: url url

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Excellent Dove This explanation means a lot. I agree with @michaelv. We need to put ego aside and be humble enough to absorb and absorb some more from the great teachers we come across in our lives. I will practice discipline with the ...

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I will meditate a lot about these words. Thank you for sharing. Please, could you share your thoughts about the following numbers: On monday's opening you took a short at 142.28. You had a mid point at 142.04 between that resistance and the ...

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Yes, this is the thread here The way you end up using this spreadsheet is discretional. The sheet will provide you the support and resistance levels as well as the center pivot line for the day, taking yesterday's high, low and close. The ...

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Wow, 1 min charts, I thought I never was going to see you trading these. Nice explorer Howard. Wish you the best this year.

Howard and the 1000 trading adventures (2014)!

Thank you for your reply. I didn't know 20 pips what's the point to move your trade to BE in the 40/40 rule. S/R's in the paradox change bar by bar. This means you have slopes of different cycle's dimensions and they could be telling you if the S/R ...

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