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Quote from yoohoo:

LOL - good shooting on the PP. Right attitude to PIB. War here hehe 93+ swing ATM
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Yeah over time I plan to reach 100+ a day with tight stops by using 1h + shorter TFs. :p
 
Looks like we're going into a bit of a consolidation mode here so that the boys (and girls) can figure out what to do next .
Good time for me to catch a nap.

See ya later...
 
Quote from yoohoo:

War here hehe
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caught me a few times on the wrong foot here, sold my long too early from pp, got short again, covered higher, got long again only to get stopped out 10 pips lower again ...
all the different timeframes still make my head spin a little as what to do exactly, it's getting better, but still need some adjusting.
 
cvds,

I know that feeling and recommend to just calm down for some time, let things absorb in your brain naturally (easy pecreptiong of multiple TF's will come over time) and come down to few golden signals to take with a discipline to avoid getting whipsawed in many so so signals.
 
Quote from cvds16:

caught me a few times on the wrong foot here, sold my long too early from pp, got short again, covered higher, got long again only to get stopped out 10 pips lower again ...
all the different timeframes still make my head spin a little as what to do exactly, it's getting better, but still need some adjusting.
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5 mins is your key chart to trade off. Use the 15 and 30 to clarify the 1 hr - but at times the 1 hr is the clearest. When you have got the 5 min cracked add the 1 min and 4 hrs.

Any time a small chart is unclear it is telling you to look at a bigger timeframe for direction. Any time a big chart is unclear it is telling you to look at a smaller timeframe for trades.

For eg big tails both sides of a 1 hr is telling you to trade chop on the 5 min. When it breaks you want to ride the ATM.

If in doubt get clear S&R and buy support and sell resistance. This PP is very playable in scalp against a T/L or hold long with a tight reverse stop
 
Quote from CFerret:

Yoohoo,

Was there line of emotions on 1min in confluence with 1.59 level what caused current selloff?
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Can't see one CF. Just a T/L top and small wave high. Just usual up move. We could get the 4 hr swing so stop set and off to bed.

Hope some of you guys played the PP - it was low risk and possible ATM time.
 
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