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mbqb11 replied Aug 8, 2013Hey H Yep you could although that's not really what I am getting at personally. I ignore everything 99% of the time. News often provides the volatility to get a trade moving. But that doesn't mean knowing more about that report will help or not. For ...
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mbqb11 replied Aug 8, 2013Hey Z Again I respect what works for you and I love that you have found your sweet spot. But I gotta stick to my original point that it's not necessary for many of us and that my main point is to go with what works. One is not a better trader by ...
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mbqb11 replied Aug 8, 2013Hey Aioico One thing I do is keep all trades independent from one and another. Unless I feel here is VERY heavy correlation than I sometimes am cautious about doubling up on risk. THat diminishes for example if I am in a trade that's heavily reduced ...
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mbqb11 replied Aug 8, 2013locked in profit under the weeks low Take profit still at 66 but will watch tomorrows open or a bit later today to possibly close if we push a bit higher
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mbqb11 replied Aug 8, 2013I think Martin is right though. Z said it's not possible to trade just technicals. Martin is saying that's not true. I have to agree. Plus I am very happy for you most importantly Martin I agree discussions are good! Best Mike
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mbqb11 replied Aug 8, 2013This plays off Z's above. Their are many many ways to do this folks. None of us who trade just technicals, claim or will ever claim it's the only way. Anyone who tells you this is the ONLY way to trade is just blowing smoke. PERIOD. These are the ...
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mbqb11 replied Aug 8, 2013Hey Z I respect any way people decide to trade. In fact I get asked about fundamentals ALL the time. I always say to people that you should use anything you feel and prove adds VALUE to your trading. Fundamentals add NO value to my trading. Yes you ...
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mbqb11 replied Aug 8, 2013Hey Steve I really wouldn't want to sidetrack this thread with that stuff as it would take a lot of writings as I have had to do in the PF. Really though PA encompasses Orderflow topics and from my perspective and approach it's how I attack the ...
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mbqb11 replied Aug 8, 2013just wait for the good areas to watch for PA. Keep it simple folks!
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mbqb11 replied Aug 8, 2013Hey Jj Remember we want to look for BUOB s at swing lows. That buob is sitting at the very tip of a swing high. Buying the new high with a buob as a continuation is not wrong but is something I always think new traders should learn after learning ...
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mbqb11 replied Aug 7, 2013Hey Str8 Here is what I was watching and thinking First from a daily standpoint the "wedge" is too small. There is something a bit more cumbersome to describe but I talk about it a lot in videos about pattern size vs timeframe. So basically the ...
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mbqb11 replied Aug 7, 2013great job, someone asked me about this the other day and my thoughts were similar. Not a lot of space to work with in a very choppy environment. The better thing to watch is for breakouts and PA above 300 BRN here in my view Mike
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mbqb11 replied Aug 7, 2013Hey Al There is some form of a PPZ there, but for me it's also what's the story. Just any bar off a PPZ isn't really enough . If you look at the short term we can see a big BUOB just before this bar. As well as a few previous large bub/buobs. We are ...
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mbqb11 replied Aug 6, 2013that's fantastic Dan I think many traders struggling could have a chance to make it if they just became more picky Once you do that and see how it is to be profitable it changes your mindset Keep it up Mike
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mbqb11 replied Aug 6, 2013Hey Al This one did go where it should, here was my chart I dug up from the private forum I also said due to lack of confluence I believe it's best to take profit quick or get to breakeven on this one
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mbqb11 replied Aug 6, 2013Hey Kaka I take most of my entries on a break of the bar. I'd say roughly 95% or so. That's just my preference. Each entry method has advantages and disadvantages and I think certain situations and styles warrant different entries due to the ...
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mbqb11 replied Aug 6, 2013Hey Aioico Price is in a tight box here so always remember the midpoint of that box is a major trouble area or PPZ(marked in purple). I like the location of where you are looking at previous Resistance but would personally like a longer nose on that ...
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mbqb11 replied Aug 6, 2013Hey H You got some great advice already i'll reiterate and add a few things Remember to start off looking for BUOBs at swing lows. THis is up near a swing high. That's much more advanced and I always suggest learning that later. Your buob is very ...
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mbqb11 replied Aug 6, 2013exactly. One of the easiest ways to begin to get good at PA is look for PA that jumps out at you. THat's my golden rule be it with PA bars, price patterns, or locations on a chart Mike
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