In search of minimum wage

hayseed

Master Trader
Jul 27, 2010
839
215
109
usa
Can you help me build the list?

Higher:
• Fresh Signals in higher timeframes
• existence of a very over drawn downtrend and stale counts
•near term strength starting to show itself on the daily TF.

Lower:
• dollar rates are likely to continue to increase, but I don’t like using fundamentals because I know so little
• larger timeframes clearly show weakness in The EUR. Yes it is a long down trend, but an object in motion tends to stay that way.
• current Daily surge, at least among the quicker indicators (JJMA, JFATL, ALMA) is past/hitting the stale count area and could signal the end of this surge.

I suppose a lot of things depend on what you mean too. Is this a daily look to send a grid for the next day? Or is it to send a grid for the next few months/weeks.

If the former and for a shorter term grid, I would certainly be wary of shorting, because something is giving the EUR strength. If the latter, I would create a net short grid despite knowing I may be in Drawdown for a while before the current upward impuls corrects
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lol...... you sure put more thought in it than me.....

i was just thinking about trying to take a 100$ account , place one 0.01 trade every day making 1$ and see where it stood in 100 days.....

similar to the the angle if incidence ...... fun trading from years ago....

yep, we can build a list..... might help to think in pure definable terms...... things like fresh, stale, very over drawn, strength, and surge are subject to interpretation.....

100$.... 1 trade per day..... 1$ per day..... 100 days..... sounds silly i know...... but wonder how many said the same thing about minimum wage......

gotta start somewhere..... 1 is as good a place as any.....h
 

TradeChaser

Active Trader
May 12, 2020
159
6
34
30
My trade... 12 pip target (I'm in aggressive mode lol).

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Post automatically merged:

Fair points on the loose terminology. I hate that I do that. I will say that any time I am talking "stale" or "fresh", and am talking about what I think the counts would be based on the chart.

Fresh would mean that counts are below their average value. Stale would mean they are likely at or exceed their average values. Overdrawn is the same as stale, so don't know why I wouldn't have just said as much. Strength and weakness are subjective. I would say a chart going downward shows a weakness in strength. Don't know what I attribute it to, but you can't argue there is clear weakness. Again, that's pretty unclear language.
 

TradeChaser

Active Trader
May 12, 2020
159
6
34
30
While I think my trade will hit it's target, I will say that I think it quite likely that this candle get's filled before long

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Reactions: hayseed

hayseed

Master Trader
Jul 27, 2010
839
215
109
usa
If the former and for a shorter term grid, I would certainly be wary of shorting, because something is giving the EUR strength.
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the appearance of strength can be deceptive..... sometimes if the market movers back out and stop selling, small traders might perceive that as a bottom and begin buying it up..... the market movers later move in selling again..... cat and mouse.....

by grid i meant, once a daily or weekly top is in place to sell the 240 retraces in some manner..... this can be done by placing sell limits in the top 50% of prior leg , or boxed fibonaccia levels, or simply covering the entire last daily bar....

quit this practice once the daily has a new down leg.....

it works best when the weekly has topped...... the next millionaire making trades will involve the jpy..... that's going to be the short squeeze of all times.....h
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hayseed

Master Trader
Jul 27, 2010
839
215
109
usa
must have forgot to post prior week, so here are both.....

managed to squeeze out minimum wage this week but not much more.....

small apple is still better than no apple at all.....h
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7/15 week
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7/23 week...
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