Hi Sir First what is the meaning of ST and MT?
It depends on your perspective. Generally, ST, you might be considering what is happening over the next couple of days. OTOH, my WF's ST is the week that I am forecasting for. LT, could be anything beyond your ST perspective. As an example, I was looking for the WR2 at 101.99 to be hit on the EUR/JPY this week, and it just got hit perfectly. So, ST, I am expecting a correction, but LT, I am still waiting on 105.56.
I didn't go long that time I was playing a video game It costed me some pips on my demo LOL .
No harm done as long as it is your demo. I don't do much demo trading anymore. I do demo trade the account I have Nifty on. I'm afraid they'll shut me down for lack of activity, and I don't want to have to punch up the template on a bunch of markets again. If you ever see a demo chart of mine with a trade on it, it does not matter if it is winning by 300 pips or losing by 300 pips. It is a bad example. I like to keep it stress free and just keep my demo flowing.
LOL, there's a difference between batting practice and the real game.
I was watching for a candle break above the kumo and closing of it above the h4 cloud. as it was a t/k and cloud combo break which would have been a long entry at 100.92 while now the t/k are buzy following the price action;s tail I was buzy shooting monsters .
As long as they don't shoot back....
I got plenty of video games stored on my computer. When I need a break, my platform is as full as I want it, I shut it all down and turn on a computer game. OTOH, I live in the country, so there is plenty to do outside, too.
I have shorted eur/jpy too as it stands on the flat Shadow(pas) of Span A tenken kinjun combo ! but sir a question why did you put your take profit at 101.30 if it is related to the ichimoku I mean this is the level you are watching for the market to be corrected and then get back to the uptrend so is there any ichimoku concept of take profit related here ?
Wow! I guess I'm back to individual perspective again
All I want to do with the short is get some pips while my actual trade goes against me. I'm buckled in for the ride to 105.56 (No actual guarantee I'll go that far.). I don't need to get aggressive on the corrective approach. It would be different if it is the trend, and it is with my long trade.
The WR2 just got tagged perfectly. The WR1 is 101.38, so those 61 pips represents a full cycle within the trend itself. The 4-hour kijun is 101.28 and the hourly tenken is the same. There is no way I'll attempt to ride a correction of what appears to be a freight train any lower than that, especially when it is a hedge on the UP. All this hedge does is pay for the weekend for my wife and I. (Just another analogy.)
Lol also sir here I see that 105.56 is the "current" top of the cloud . do you think it could be possible for a move up to 106.16 as it was also top of the cloud/combo with kumo 2 days ago lol? And probably is 105.56 is a decision point for where the pair is headed right sir?
It's possible. The YR1 is 106.11 (Nice confluence, eh?). Nevertheless, when price starts getting close to that area, I'll be apprehensive to hold too long. I don't claim to be a perfect trader, so it does not bother me to leave pips on the table. BTW, at this point, nothing is to say we could not have even a further rise to 109.31. For now, I am counting on circa 105.56--106.11 to contain for a drop to the low 90.00's.
I'm glad you brought that point up, because there is something else that needs to be said.
This part of the conversation points out why it is important to know what all the TF's are saying. I'm looking at strong momentum, candle entering the daily cloud, OS condition on the weekly. The 15-min, 30-min, hourly, 4-hour all busted the altimeter, and a return to equilibrium is necessary, but only according to those lower TF's. We right now have possible freight train implications. It leaves no doubt that a short right now is a good trade, but going against the big picture.
It depends on your perspective. Generally, ST, you might be considering what is happening over the next couple of days. OTOH, my WF's ST is the week that I am forecasting for. LT, could be anything beyond your ST perspective. As an example, I was looking for the WR2 at 101.99 to be hit on the EUR/JPY this week, and it just got hit perfectly. So, ST, I am expecting a correction, but LT, I am still waiting on 105.56.
I didn't go long that time I was playing a video game It costed me some pips on my demo LOL .
No harm done as long as it is your demo. I don't do much demo trading anymore. I do demo trade the account I have Nifty on. I'm afraid they'll shut me down for lack of activity, and I don't want to have to punch up the template on a bunch of markets again. If you ever see a demo chart of mine with a trade on it, it does not matter if it is winning by 300 pips or losing by 300 pips. It is a bad example. I like to keep it stress free and just keep my demo flowing.
LOL, there's a difference between batting practice and the real game.
I was watching for a candle break above the kumo and closing of it above the h4 cloud. as it was a t/k and cloud combo break which would have been a long entry at 100.92 while now the t/k are buzy following the price action;s tail I was buzy shooting monsters .
As long as they don't shoot back....
I got plenty of video games stored on my computer. When I need a break, my platform is as full as I want it, I shut it all down and turn on a computer game. OTOH, I live in the country, so there is plenty to do outside, too.
I have shorted eur/jpy too as it stands on the flat Shadow(pas) of Span A tenken kinjun combo ! but sir a question why did you put your take profit at 101.30 if it is related to the ichimoku I mean this is the level you are watching for the market to be corrected and then get back to the uptrend so is there any ichimoku concept of take profit related here ?
Wow! I guess I'm back to individual perspective again
All I want to do with the short is get some pips while my actual trade goes against me. I'm buckled in for the ride to 105.56 (No actual guarantee I'll go that far.). I don't need to get aggressive on the corrective approach. It would be different if it is the trend, and it is with my long trade.
The WR2 just got tagged perfectly. The WR1 is 101.38, so those 61 pips represents a full cycle within the trend itself. The 4-hour kijun is 101.28 and the hourly tenken is the same. There is no way I'll attempt to ride a correction of what appears to be a freight train any lower than that, especially when it is a hedge on the UP. All this hedge does is pay for the weekend for my wife and I. (Just another analogy.)
Lol also sir here I see that 105.56 is the "current" top of the cloud . do you think it could be possible for a move up to 106.16 as it was also top of the cloud/combo with kumo 2 days ago lol? And probably is 105.56 is a decision point for where the pair is headed right sir?
It's possible. The YR1 is 106.11 (Nice confluence, eh?). Nevertheless, when price starts getting close to that area, I'll be apprehensive to hold too long. I don't claim to be a perfect trader, so it does not bother me to leave pips on the table. BTW, at this point, nothing is to say we could not have even a further rise to 109.31. For now, I am counting on circa 105.56--106.11 to contain for a drop to the low 90.00's.
I'm glad you brought that point up, because there is something else that needs to be said.
This part of the conversation points out why it is important to know what all the TF's are saying. I'm looking at strong momentum, candle entering the daily cloud, OS condition on the weekly. The 15-min, 30-min, hourly, 4-hour all busted the altimeter, and a return to equilibrium is necessary, but only according to those lower TF's. We right now have possible freight train implications. It leaves no doubt that a short right now is a good trade, but going against the big picture.
