Sean's journal

[immy]

Fair enough. that makes sense. cheers

I'm having a bit of a Me time... will enjoy some fireworks in cricket ground later.

[immy]

Just looking at a couple charts. USDJPY H1 possible famous pattern? Although I would not be surprised if a deeper pullback occurred, I know from learning here, that wave 4 is normally a nasty, choppy, sometimes flat wave. So from here as long as there is no gap down next week, I will be looking to short it on m15 setup 1 style.

USDJPYiH1.png

This is a simple straight forward setup 1 short. No need to complicate it or think too much about it. But there is the weekend between it. So entry would largely depend on how the market opens and how it plays during asian session. I'll be keen to look at it around european open.

M15... that time frame is just for intraday moves and largely depends on what's going on during that session and pair...


cheers

ps: looking at your chart you don't have the dot setup, so you can't "technically" trade the Setup 1. if you're looking for Hunt signals only, then you ought not to look at chart that shown wave 4 rather, look at the charts taht have an open gator. using the chart you posted, you'd be intrested in trading on the 2nd and 3rd of nov.

[Bitrock]

Immy,
Thanks for the wisdom friend!

if I was looking for hunt signals, on nov 2nd there was the sell seed in that pullback with the open gator. is that seed what you were referring to?

[immy]

I've done a few videos this week, I'm sure it covers that too.

[Bitrock]

from my previous USDJPY pic... It obviously didn't work out haha. Immy was talking about this setup in the skype chat. I'm not going to trade until after the rigged elections occur. I don't need to be caught in a load of crap. Depending on how smooth or choppy PA is, I may not be looking for trades till next week

So now I will focus on training for the weekend hike! Devils Path in Catskills New York (28 miles in the wilderness) is one of the top ten hardest hikes on the east coast! This is my meditation. Hope all of you have adventures planned for the weekend as well! (its only Monday ( )..

USDJPYiM15.png

[Bitrock]

Just got out of the woods from my hike earlier today! Excited for ny session comming up. Putting hunt signals on pause. Since I am brand new. I will stick with s1 and s2 on m5/m1 on eurusd, usdjpy, and gbpusd. Only trade from 8am est to 10am est. See y'all soon!

[acceleratum]

Hi there!
Would like to point out two things: if your following the setup ebook m1/m5 strategy its hard to keep up with more than 1 symbol, having 3 will make you miss the trades and not handle them properly.

Secondly currency pairs volatility are a bit slower than when the ebook was created, so now we stick to m15+ if possible.

So Id recommend only dax m1/m5 ( high volatility - hard to trade for a beginner) If you are online during London Open preferentially, or any other high volatility index during your session time.
Or about 6 currency pairs on h1 , using only one window, don't need the two split time-frames since you have time to switch between them on hourly time-frames.
Still if you want to stick to currency pairs try to move to m15/h1, makes it much easier to trade and achieves better results.

[Bitrock]

Thanks Pedro! Ok so if I go off an m15 chart, trading 2 hours (open of NY), Should I stick with 6 pairs?

[acceleratum]

Look at the majors : Eur/Usd, Gpb/Usd, Usd/Jpy, and maybe 1 or 2 more based around Usd more likely to move during NY open. 4 to 6 should be alot already for m15.
You can look at them and look for the ones that are "hot", filter the ones that show promise (movement - high volatility) down to 1 or 2 and focus on those that show movement, ignore the low volatility sideways ones. So you have a couple to choose from but focus only on 1 or 2 during those 2 hours. If it is too much to handle then lower the number of pairs, its normal to have some days without a single trade, Dont increase the number of pairs because of this, start smaller if possible, more focused on smaller number of pairs. Adjust accordingly as you get the hang of it.

[Bitrock]

Thanks bro, Your help is very much appreciated! I'm curious to know if everyone trades longer than just the opening?