Thread: Trading quotThe Constrictorquot

Okay apologies for not being too busy here. . .it's been an extremely busy week for me.

I did take a transaction (next post) but had no opportunity to put it up here.

Oh and just so ya'll know...I have moved to trading the dailies and weeklies on this system from here , as I get very little time from studies and the other system I am already working with about the intra day level.

cheers.

g.

Originally Posted by ;

Nice!

Watch out for that bar high. The constriction is not too great which makes me feel we may not be ready for a trip to the moon first thing Monday morning.

This ought to be interesting.

G.

Here is an upgrade to the setup.

Price (as expected) does not take straight away, and rather decides to pull back to the CZ. (I entered when we had a daily bar close only above the CZ - showing that price was still hesitant to make it's way down) next morning we spike into the CZ and pull straight away above the CZ and take off.

That bar high I pointed out at the earlier chart was sticking out like a sore thumb, I took full profit there, but given that we have a suitable constriction now it won't surprise me one bit to see price take off from here (maybe after a quick pull back to the bar high we anticipated to hold as resistance)

g.

Originally Posted by ;

Once again you impress me with your great understanding of round numbers and side to side assistance and resistance.

g.

Thanks Ghous,
Well I am over year and half J16 ribbon lurker,that's my house ,so I hope I have learned something from u guys.
Thanks for comment's. I just don't make set nicier up but seems really is and see problem is be patient.
Thanks everybody just want more training.
Hm as someone said,back to the cave.lol

FX

Hi Guys,
I have found potencional trade which I missed,so I would like to know your opinion if belong here.
A/C Trade
Long @ BUB
Why in:
-hard break powerful monthly Ppz(resistance)
-'d support @ Ema21
-after pleasant sideway proceed with smal bearish bars nevertheless comprise up momentum

Why not:
-BUB closed below RN wich lineup with weeklly PPz

My desicion is leap in and why?
-momentum is king
-accept risk(lose commerce )
-abowe my ass I have monthly PPz resistance that could shield me and can react like support(sexi james reverse zones)

Trade Man.
1. SL below BUB and TP closed to BRN 1.000000000 lol
2. SL proceed to do position SL-1 when price hit weekly ppz and hlp profit.
So within this time I'm in free ride like I took aprox.30 pips profit as well as my SL is roughly 30 pips below entrance (below lows)
3. Move SL to B/E when a different bulish candel closed.
4. SL closed I use as protection my ass and proceed to position.
5. Well I waiting for pull back so after that another bulish bar I set on FIb. And try tu figure out just how heavy can be pull back.Also closely watch size of bearish bars.
6. Below two bar who looks like powerful Resist I could see that bar close after another bar. So thats why bulish bar closed with spike
so that I Can:
-take all profit
-move SL below pull back
-dont' move SL
Hm I presume in this point I will be wondering just how much profit I could have.
I will take in this point profit on closed bulish candel as is preatty closed my TP.

Guys I would love to read your remarks not pretty much entry but also about TM as that's more important part.

Thanks beforehand.
FX

Another good set up in my wiev that I have missed.
Any commets men?
FX

Originally Posted by ;

Another great set up in my wiev which I've missed.
Any commets guys?
FX

Looks like a excellent weekly PB with this pair behind the downtrend. In fact, two weekly hooks in opposite directions. . None of them closed above 1.62, indiing the energy 1.62 PPZ. Overall down tendency is currently supporting this trade.
I will be seeing the pair to take a position next week.

Originally Posted by ;

Looks like a fantastic weekly PB with this pair behind the downtrend. Actually, two successive weekly pins in opposite directions. . Not one of them closed above 1.62, indiing the power 1.62 PPZ. Overall weekly down trend is encouraging this trade.
I'll be watching the pair to take a place next week.

Yep not fantastic snare on my feed but stating momentum dow is still very strong.Also perfectly line up with Fib.retr. So yep for me that has been sexi set up.

Originally Posted by ;

Hi Guys,
I've found potencional trade which I missed,so I want to know your opinion if even belong here.
A/C Trade
Long @ BUB
Why in:
-hard break strong monthly Ppz(resistance)
-'d support @ Ema21
-following pleasant sideway proceed with smal bearish bars still comprise...

Good stuff.

It helps when you have a clear and sensible TP to target.

g.

Originally Posted by ;

Another great set up in my wiev that I've missed.
Any commets guys?
FX

Smells like sliced meat.

Your goal places appear legit however, a trade I would never take but 90 percent of my chart time is spent watching charts for where price is going so I'll clearly be on the lookout for 1.6-1.61

g.

Originally Posted by ;

Smells like chopped meat.

Your goal places appear legit however, a trade I wouldn't ever take but 90 percent of my chart time is spent viewing charts for where price is going so I will obviously be on the lookout for 1.6-1.61

g.

Hello Ghous,
Lol I know exactly what u mean.I'll watching as well.
Thank you for commets.
FX