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1 hour ago, dmedin said:

Looks like the hourly time frame is no good for me, as I just don't have the patience for it.

And I've spent so much time looking at charts that I have very few skills that would make me employable elsewhere.

It's five minutes or bust - noose time :D 

thought you had a tested system. if not enough trades test it on a greater number of markets and possibly time frames.

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59 minutes ago, Caseynotes said:

thought you had a tested system. if not enough trades test it on a greater number of markets and possibly time frames.

 

I do Tom, I just needed to get a grip on myself this morning.

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S&P going down and closing in on yesterday's low at the monthly R1 (see chart above).

Dax and Dow M15;

image.thumb.png.2c9f1806cb4f623a11fd930b43d37612.png

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Gone short on DAX and FTSE 100 in hopes of getting some money back :P

 

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Need the DAX to keep falling to S3 :D

Yes, this is a legitimate trade per my 'system'.

 

Germany 30_20200821_13.52.png

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Total disaster of a week.

Will do some backtesting of FX pairs this weekend and go back at it next week.

Got nothing else to do :P

 

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Oh Tom, I thought DAX was above to reverse but it's back down now.

 

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Nope!  Another fakeout.  Had about a dozen of them in a row this week :)

 

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S&P and Nasdaq Monthly (so far) charts;

Sure hope nothing goes wrong for Apple.

image.thumb.png.d84c6e499f3b898c713f069a5a087371.png

 

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17 hours ago, dmedin said:

Nope!  Another fakeout.  Had about a dozen of them in a row this week :)

 

And your system survives that kind of failure rate, astonishing, it must be a really good system 👀

Key points of the day on M5;

A/ bulls attempt to push higher but bears counter with a reversal bar and take control.

B/ bulls attempt to get back above the pivot, bears say no, doji ---> red bar, key entry point.

C/ bears stopped at S2, try to break downward but get hauled straight back up by the bulls, bulls take control and push price back up to S1.

D/ bears try to re-take control at S1, legitimate entry point for a short but the very strong bull bar at E should have had you running for cover.

(stay away from the market open whipsaw 8 am and pack up at 4 pm as the only guys left are just closing out their day trades for market close at 4:30).

image.thumb.png.ce727b038ae397576dc2189969c2d779.png

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4 hours ago, Caseynotes said:

And your system survives that kind of failure rate, astonishing, it must be a really good system 👀

Noooo :D 

I should try your 5 min system on the DEMO to keep me occupied instead 🤓

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Why didn't I take out this short trade on FTSE 100 as the rules of my system dictate?  Because the entry signal was generated at 1am when I was in bed 😢

Q3Hpy3ik

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S&P into new highs.

Dax and Dow poised at resistance.

Daily Charts.

image.thumb.png.06e0423aa38e7e8961a0a0ea246a1c95.png

image.thumb.png.409b5008b4368cf3431303b3ab4cc778.png

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before I found a mt4 pivot indicator that excluded the Sunday data I would look up the levels and draw my own.

image.thumb.png.31f74af9e3638ef47e38cde7b1dc76a1.png

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Germany has a big stonker this morning Eileen 😘

 

Germany 30_20200825_08.20.png

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2 hours ago, dmedin said:

You say potato, I say tomato 😘

 

US 500_20200825_08.21.png

Pomato.jpg.16c422c3e7ffa74c277c2b2521baac83.jpg

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Tom, what is your directional bias apropos of the charts 🤔

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3 minutes ago, dmedin said:

Tom, what is your directional bias apropos of the charts 🤔

intraday always look to the Daily Pivot, if above expect continuation up and if below then down but Dow and S&P are on opp sides at the mo, would expect Dow to follow S&P and Dax to follow Dow.

image.thumb.png.6425acc7e9d41801b51425b09195356f.png

 

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