I have the mindset that its zero-sum with money traded rather than individual traders. Do you mean the winning 10%'s $$ would have to overcome the 90%'s $$ traded? ie; a minority having the power to fill the majority of the orders?

Thinking Outside the Box!?!

I saw that episode. Was he the Astronomer guy that predicted the markets? Im sure there is a relation to a successful trading system and a pattern we can observe in life like the elephants migration.. BUT its bound to happen when we take in to ...

Thinking Outside the Box!?!

Trade 6 entered — Trade Direction: Long EUR/JPY 4H Chart 2 lot trade Entry (x2) @ 113.33 Stop Loss @ 112.93 Trailing Stop Risk: 80pips About this trade: Bullish pinbar off of previous day's low/200MA/lower BB w/ buy stop above high @ 113.330. ...

EmeraldEyes' Trading Journal

PA heading for 1.33 image

EURUSD

Trade 5 closed w loss — 'What went wrong'.. got whipsaw'd out of the trade with a true (to the pip) double bottom that I thought was over and done with. I should have entered the long trade closer to that .9979 level (pink line), thus being ...

EmeraldEyes' Trading Journal

Trade 5 Setup — Trade Direction: Long USD/CAD Daily Chart 2 lot trade Entry (x2) @ 1.0040 Stop Loss @ .9990 TP1 @ 1.0090 TP2 @ 1.0165 100:175 1:1, 1:2.5 About this trade: Double bottom off of 1.00 level (blue line) and MACD showing bullish ...

EmeraldEyes' Trading Journal

Thanks! I'm not sure if Id do that again with that type of set entry point bc I really hate to miss such an awesome setup. Maybe a 'fib convergence zone' or I probably should have placed a sell stop under that extreme pinbar. Something to think ...

EmeraldEyes' Trading Journal

Trade 4 entry never hit — Entry was not hit as this pattern was made. Entry was at 1.42820, high was at 1.42816. Guess I was less than half a pip away from a perfect entry to this pattern. Already down over 250 pips from that high. ...

EmeraldEyes' Trading Journal

Trade 4 Setup — Trade Direction: Short EUR/USD 4H Chart 3 lot trade Entry (x3) @ 1.4282 Stop Loss @ 1.4320 TP1 @ 1.4244 TP2 @ 1.4082 TP3 @ 1.3952 114:3881:1,5.2,8.7 About this trade: Bearish butterfly pattern. 3 lot trade for high probability. ...

EmeraldEyes' Trading Journal

Trade 3 Closed — What went wrong: Traded a few hours before the FOMC Interest Rate Announcement. USD took a dump all around. My stop was hit right before TP1 but I wouldve counted it as a loss anyways. Made the mistake by not keeping up on ...

EmeraldEyes' Trading Journal

Trade 3 — Trade Direction: Short AUD/USD Daily Chart 2 lot trade Entry (x2) @ .9955 Stop Loss @ .9990 TP1 @ .9920 TP2 @ 9835 About this trade: Trading break of pinbar low. Pinbar rejected from top resistance line of recent highs, upper BB, and ...

EmeraldEyes' Trading Journal

Trade 2 Closed — Got me a loser to check out! What went wrong.. I ended up selling right in to the 3rd uptrend on a "3 drives" pattern. 2nd and 3rd top being exactly 1.27 of the previous down drive. I was worried about an upward channel ...

EmeraldEyes' Trading Journal

dang, how many longs is this move gunna trap?

EURUSD

Trade 2 — Trade Direction: Short EUR/USD 4H Chart 2 lot trade Entry (x2) @ 1.3980 Stop Loss @ 1.4015 TP1 @ 1.3945 TP2 @ 1.3865 reward:risk @ 3.3:1 & 1:1 About this trade: PA rejecting 1.399X level again and at underside of downward resistance ...

EmeraldEyes' Trading Journal

Ok, gotcha. Agreed that the normal divergence with empasis on the highs is mostly counter trend, which is still profitable. Ooo I like hidden divergence a bunch! Its another great tool when needed.

Divergence without the indicator

I like your thinking Carnegie! You're on the right path! PA does rule all and indicators just help you see what you need. What you see in your small MACD example is price making a higher high yet it's not really a lower high as relative to the past ...

Divergence without the indicator

Trade 1 Closed — What a great entry on a demo trade. Wish they were always like this. 2H chart 150pip profit 1.5 R/R Ratio image

EmeraldEyes' Trading Journal

Entered trade #1 as outlined. image

EmeraldEyes' Trading Journal

Trade Setup #1 — Trade Direction: Short EUR/USD 4H Chart 2 lot trade Entry (x2) @ 1.4004 Stop Loss @ 1.4054 TP1 @ 1.3954 TP2 @ 1.3904 reward:risk @ 2:1 1:1 Purple line would be my max TP level. Interesting to see if it'll make it to these if I ...

EmeraldEyes' Trading Journal