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- Mr_Burns replied Dec 10, 2019
That's all we know. When he comes back Im sure he will give a statement and in the meantime I'm sure the fine people in this thread can answer most questions regarding the trading method.
- Mr_Burns replied Nov 25, 2019
Here you go.
- Mr_Burns replied Sep 19, 2019
Do you consider this riskier due to the huge main swing that technically hasn't established itself yet (no retracement to at least 38.2%)?
- Mr_Burns replied Jan 23, 2019
I would've traded it in the same way, ie trailed aggressively due to seemingly bearish breakdown.
- Mr_Burns replied Jan 18, 2019
Is your main swing the fib swing? If so, why were you taking a short?
- Mr_Burns replied Jan 18, 2019
Good example! This is how I see it: Depending on what you define as your main swing, ie what OF you trade. I guess from your chart that your latest fib drawing is your main swing and in that case you still take the short because your high hasn't ...
- Mr_Burns replied Apr 27, 2018
Yes, Discord might be easier to build the FAQ but I believe in the end it should be posted here (as well) so it's easy to find for everyones benefit. I like this.
- Mr_Burns replied Apr 26, 2018
Here's an idea: Let's build a FAQ where you write down a question and respond with a post or link to where Mr. Pip answer it in one of his many videos. You can post links to the exact time where he adress the question. To do this you click on the ...
- Mr_Burns replied Apr 20, 2018
Yes I got it now, thanks!
- Mr_Burns replied Apr 20, 2018
Yeah I get that part, was recreating it on my cfd-version but was just wondering why you didnt take the full swing as your yellow swing?
- Mr_Burns replied Apr 20, 2018
Just curious, your fib swing and yellow swing are different in size. How come?
- Mr_Burns replied Feb 26, 2018
Here's an example of a trade I took this morning on the DAX. The weakness in the second leg gave me the signal to short. I didn't pay that much attention to fib levels, rather focusing on immediate OF and PA. image I believe this is what both ...
- Mr_Burns replied Feb 16, 2018
Just grab the timeline (horizontal axis) below the chart and compress it, the same goes for price (vertical axis).
- Mr_Burns replied Feb 16, 2018
Im short with the blue swing expectation. image EDIT: CFD-version of YM btw. EDIT2: Stopped out at BE+2
- Mr_Burns replied Feb 16, 2018
First of I agree with evocpr19 regarding the technical aspect but I would also like to add that it looks like (which I think you hint between the lines) your trading became emotional. As you said you didn't follow your plan and failed to see what ...
- Mr_Burns replied Feb 5, 2018
Imho: The previous swing retraced ~100% and when the rotation came in where he entered you could take a long, with a SL just below previous NSL (IOF), which was also in the golden zone of main swing. Aggressive trade but the risk:reward is amazing.
- Mr_Burns replied Feb 3, 2018
This is something I struggle with myself, I don't have a clear rule on graceful exits so in the meantime I have to suck it up and let my expectation play out. If we take your example of a ~100% retracement Im leaning towards trailing the IOF and ...
- Mr_Burns replied Jan 23, 2018
We had a break of structure to the downside, usually Im waiting for a correction into at least 61.8 before I would go short. In this case we can see that bears are getting stronger (compare the last two downswings you drew) so we might not get a ...
- Mr_Burns replied Jan 23, 2018
Any instrument that is moving during your trading hours. The system is about reading price action so it's not bound to any one instrument. During the London session I trade DAX for example but if I were to trade the NY session DOW would be my baby.
- Mr_Burns replied Oct 31, 2017
The way I see it price broke structure (your rectangle) to the upside and therefore I would look for a deep retracement of the whole swing (both of your white lines) and then look for a long in the 23290-23300 area.