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London Session or Endeavor Session (Shared screen with speaker view)
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00:30:04 Steven & Margo :o): What up kids?
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00:30:12 Steven & Margo :o): How's it hangin?
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00:33:02 Raffaele: Good and you Steve?
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00:33:12 Raffaele: Hi Pablo! We have sight; no sound ...
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00:33:30 Steven & Margo :o): Practicing good Psychology this morning
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00:33:56 Steven & Margo :o): Might change my plan a bit to make it super simple and just focus on Poles
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00:34:07 Raffaele: Yes, patience!!!
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00:34:14 Steven & Margo :o): Although, the last few poles have not been so easy to take
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00:34:35 Steven & Margo :o): Ha ha, Patience was not a vertue when I grew up
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00:34:44 Steven & Margo :o): Nor here in Germany
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00:34:46 Cristl: good morning all
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00:34:50 Steven & Margo :o): but hear in trading
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00:34:50 Cristl: y
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00:34:52 Raffaele: SI
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00:34:53 Steven & Margo :o): SI
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00:34:54 Jo: Good morning
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00:34:56 Steven & Margo :o): No
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00:35:02 Steven & Margo :o): YEs
Linda F
35:02
Goog Morning
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00:35:11 Steven & Margo :o): Meh
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00:35:16 Steven & Margo :o): Stopped out
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00:35:30 Steven & Margo :o): GCAD
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00:35:36 Steven & Margo :o): but still in the EG
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00:35:45 Jo: I'm in too many, last time I'm doing this
Mats Lundkvist
35:48
euraud
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00:36:18 Cristl: yes
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00:36:23 Steven & Margo :o): I find that I get overwhelmed if I am in more than two trades
Linda F
36:26
Yes
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00:36:35 Steven & Margo :o): Build? Rebuild::
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00:36:38 Steven & Margo :o): LOL
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00:36:42 Jo: AJ,AU,CHFJ,EA, EN, GA, GCHF, GU, NJ, NU, UCHF
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00:36:49 Jo: UCAD too
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00:36:59 Jo: Hadn;t time to see the video lol
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00:37:08 Steven & Margo :o): Can you say.... OVERTRADING???
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00:37:14 Jo: Yes, exactly
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00:37:19 Jo: Last time
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00:37:28 Jo: It's a new rule now
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00:37:32 Steven & Margo :o): Hey Jo, learn from this lesson
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00:37:45 Steven & Margo :o): What does overtrading look like
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00:37:50 Jo: Will do
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00:38:00 Steven & Margo :o): What rules can you put in place to know when you are overtrading
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00:38:04 Steven & Margo :o): Blowing up!!!!
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00:38:56 Steven & Margo :o): Mechanical Trading is the only way we can win IF we are not in control of our emotions and mind
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00:42:10 Steven & Margo :o): slight wedge
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00:42:14 Steven & Margo :o): or triangle
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00:42:18 Steven & Margo :o): on the end
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00:42:43 Steven & Margo :o): How do you explain that Pablo?
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00:42:52 Steven & Margo :o): Risk On?
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00:43:05 Steven & Margo :o): When the Jen Buys?
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00:43:11 Steven & Margo :o): What trade?
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00:43:18 Steven & Margo :o): Carter Trade
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00:43:25 Steven & Margo :o): Carry Trade
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00:43:28 Steven & Margo :o): Ok, got it
Mats Lundkvist
43:34
so if Nikkei goes up JPY goes down or?
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00:44:18 Steven & Margo :o): So funny
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00:44:45 Steven & Margo :o): The whole system is a delution of money printing
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00:45:07 Steven & Margo :o): I love the piture of a group of bankers in a room trading bits of paper
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00:45:11 Steven & Margo :o): Ha ha
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00:45:46 Steven & Margo :o): is there a good nymonic to rember the result of the Carry trade that we need to remember
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00:45:48 Steven & Margo :o): ?
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00:46:17 Steven & Margo :o): When Yen Sells, Buy Safety
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00:46:25 Steven & Margo :o): Hummmm???
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00:46:52 Steven & Margo :o): Yen Sells, Yell Safty
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00:47:35 Steven & Margo :o): Selling the safe haven when the Yen sells
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00:48:07 Steven & Margo :o): Oh. Yell Sell Safety when the Yen Sells
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00:50:30 Steven & Margo :o): IClose significant forex option expiries for the NY cut Wednesday 25 April 2018
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00:50:35 Steven & Margo :o): EUR/USD
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1.2220 euro amount 977m
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1.2290 596m
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USD/JPY
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107.95 USD amount 565m
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108.00 1.5bn
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108.05 475m
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108.20 410m
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108.25 550m
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00:50:48 Steven & Margo :o): Nice!
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00:51:00 Steven & Margo :o): Well done Chart Meister Pablo!
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00:51:21 Steven & Margo :o): Can I do a Journeyman with you???
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00:51:41 Steven & Margo :o): We need a pullback in the Index
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00:53:25 Raffaele: Yes
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00:55:36 Steven & Margo :o): too steep
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00:55:57 Steven & Margo :o): they will maybe adjust
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00:56:37 Steven & Margo :o): Of course the Index can keep buying if there is such intrest in the Dollar
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00:56:52 Steven & Margo :o): so we would need a confirmation
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00:56:59 Steven & Margo :o): Si
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00:57:12 Jo: GU MACD?
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00:57:18 Steven & Margo :o): go fishing
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00:57:44 Jo: Could be a bear trap?
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00:57:51 Steven & Margo :o): or do some Paper Trading, Practice Emotional Regulation, and Write a New Plan!
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00:57:57 Jo: There's div since yesterday
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00:58:01 joao: gm
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00:58:03 Steven & Margo :o): CCCCC!!!!
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00:58:10 Steven & Margo :o): No C
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00:58:23 Steven & Margo :o): I see they will NOW make a C
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00:58:58 Steven & Margo :o): they can Adjust the trend with a large C wave
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00:59:30 Steven & Margo :o): si
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00:59:36 Steven & Margo :o): anything can happen
Linda F
59:38
yes
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00:59:41 Raffaele: Yez
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00:59:50 Steven & Margo :o): Yez?
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01:00:00 Steven & Margo :o): me likie Yez
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01:00:20 Raffaele: The C would be better. Sell higher :)
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01:01:29 Steven & Margo :o): No, about to make a new high
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01:02:35 Steven & Margo :o): no
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01:02:44 Steven & Margo :o): NO Trade for Pablo
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01:02:46 Steven & Margo :o): :o(
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01:03:11 Steven & Margo :o): Pablo, are you feeling sick??
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01:03:23 Steven & Margo :o): Margo is asking if you are well or not feeling so good
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01:03:33 Steven & Margo :o): Awesome!!!
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01:03:38 Steven & Margo :o): Good to hear it
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01:03:51 Steven & Margo :o): NO
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01:06:41 Steven & Margo :o): Just checking, the ATR application is to minus the total move of the pair so far since 5pm EST, and the sum is the amount the pair can still move. Correct?
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01:07:42 Steven & Margo :o): Whaaaa
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01:07:48 Steven & Margo :o): I thougth I wrote that clearly
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01:07:54 Steven & Margo :o): To use the ATR correctly
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01:08:20 Steven & Margo :o): that is a tough one to write in one sentance man
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01:08:38 Steven & Margo :o): so it is the total move since 5 pm
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01:09:24 Steven & Margo :o): I go the main point of where the pair can go
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01:09:42 Steven & Margo :o): calculating how much more it can go compared to risk
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01:10:10 Jo: y
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01:10:23 Steven & Margo :o): Funny how that simple stuff blows my mind
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01:10:27 Steven & Margo :o): :o)
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01:11:58 Jo: Yes
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01:12:02 Steven & Margo :o): no
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01:12:39 Steven & Margo :o): man, what a deal
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01:12:55 Steven & Margo :o): Is that not an advanced Pole trade Pablo?
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01:13:56 Jo: We can put a single line trend line on 240
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01:13:59 Steven & Margo :o): Would that not be against your rules? To take a trade with Div?
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01:14:07 Steven & Margo :o): Or only after a pull back?
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01:14:17 Jo: It needs to respect that to keep the structure
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01:14:31 Steven & Margo :o): Falling Wedge
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01:15:04 Steven & Margo :o): Pablo, what 240 set up do we use???
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01:15:15 Jo: We can put a single line trend line on 240
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01:15:22 Steven & Margo :o): but what would that be?
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01:15:23 Jo: Two first highs
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01:15:39 Jo: Top of the box
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01:15:42 Jo: Yes
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01:15:48 Jo: Yes
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01:16:10 Jo: It will respect it most probably
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01:18:53 Steven & Margo :o): Nice ABC for the 4th wave
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01:19:08 Steven & Margo :o): I was selling there looking for a drop in the last box
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01:20:02 Steven & Margo :o): we had the EJ in a box looking for sells in the last week
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01:20:09 Steven & Margo :o): that is why I was selling Pablo
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01:20:22 Steven & Margo :o): that is what I just said. :o)
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01:20:40 Steven & Margo :o): Anything can happen
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01:20:58 Steven & Margo :o): that is what is so funny about trading lately
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01:21:16 Steven & Margo :o): We have Horse-Frogs
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01:21:39 Steven & Margo :o): sooooo was the MACD wrong????
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01:22:11 Steven & Margo :o): Or, could it be a Head Fake?
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01:22:34 Steven & Margo :o): pablo, IF we had 5 waves, what should we expect Next??
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01:22:37 Steven & Margo :o): ABC?
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01:23:21 Steven & Margo :o): THAT, was a good point
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01:23:37 Steven & Margo :o): You are not anticipating anything, but waiting for Triggers!!!
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01:23:45 Steven & Margo :o): Well said Chart Meister
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01:24:18 Steven & Margo :o): The GJ was my ONLY win since I started trading again
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01:24:24 Steven & Margo :o): 97 pips on a micro
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01:24:28 Jo: Single line trend line again to the upside?
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01:24:38 Steven & Margo :o): got out at the 151.00
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01:25:34 Steven & Margo :o): Pole???
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01:25:37 Steven & Margo :o): on the end?
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01:25:44 Steven & Margo :o): Or waiting for an ABC?
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01:26:52 Steven & Margo :o): ECB fundie tomorrow
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01:27:28 Jo: Next target?
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01:27:36 Jo: Do we keep it above 153?
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01:27:49 Jo: Ok, thanks :)
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01:31:17 Raffaele: Yes
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01:32:01 Steven & Margo :o): Pablo, when that pole or any other, breaks out on the 60,
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01:32:12 Steven & Margo :o): and then pulls back,
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01:32:40 Steven & Margo :o): we can re-enter if stopped out
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01:32:45 Jo: conv now, it was div before the pullback
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01:32:50 Steven & Margo :o): WAS div
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01:33:03 Steven & Margo :o): The bulls are winning
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01:33:09 Jo: div could be just for the pulback there?
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01:33:20 Steven & Margo :o): the EJ had the same but worse
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01:34:11 Steven & Margo :o): Yeay Bulls
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01:34:29 Steven & Margo :o): What are they doing now
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01:35:38 Steven & Margo :o): no
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01:36:15 Steven & Margo :o): how about the SL closer to the end?
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01:36:33 Steven & Margo :o): Symetry
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01:36:37 Steven & Margo :o): ?
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01:38:01 Steven & Margo :o): Un....
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01:38:04 Steven & Margo :o): Sustainable
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01:38:17 Steven & Margo :o): rising wedge on the end
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01:39:00 Jo: MACD?
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01:39:20 Steven & Margo :o): Hey Pablo, I have a beginner question about moving stops.
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01:39:35 Jo: div
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01:39:44 Jo: I'm in there
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01:39:52 Jo: plan for 240 pullback?
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01:40:45 Raffaele: Huge
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01:41:05 Steven & Margo :o): I was just stopped out for a very small loss in the GCAD, because I moved my stop to Break Even when I was up 21 pips. Now I am out and the pair has a green arrow, white dot, and painted candle. What is that rule for if moving our stop too quickly takes us out of the trade?
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01:41:36 Jo: I'm in since 1.7038
Mats Lundkvist
01:41:56
would you sell the EN instead
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01:41:58 Steven & Margo :o): That is a Pro Act plan for beginners
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01:42:00 Jo: If it breaks last support I'm out, right?
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01:42:34 Jo: 240
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01:42:47 Steven & Margo :o): so I am not sure how to become successful mechanically if that rule takes me out for consistant small losses?
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01:42:55 Jo: That's where I entered lol
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01:43:09 Jo: ok, 60', thanks
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01:43:14 Jo: 1.7038
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01:44:08 Steven & Margo :o): which one?
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01:44:19 Steven & Margo :o): I watched the previous
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01:45:17 Steven & Margo :o): no,not yet
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01:45:38 Steven & Margo :o): I have taken only 4 poles so far this month
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01:46:46 Raffaele: Down
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01:46:49 Steven & Margo :o): I am still in the EG
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01:46:52 Steven & Margo :o): EDT Sell
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01:46:54 Steven & Margo :o): si
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01:46:57 Steven & Margo :o): Still in
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01:47:14 Steven & Margo :o): Decending TRi
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01:47:53 Jo: entry order?
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01:47:54 Steven & Margo :o): No break out
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01:47:56 Steven & Margo :o): si
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01:48:00 Jo: below last support
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01:48:21 Steven & Margo :o): I would like to be in profit before the ECB fundie tomorrow
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01:48:32 Steven & Margo :o): I will be at BE
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01:49:37 Jo: I'm in GA
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01:50:18 Jo: In an aggressive sell lol
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01:50:23 Jo: ABove 240 car
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01:50:32 Jo: minimum risk
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01:50:35 Jo: sell
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01:50:35 Steven & Margo :o): I missed that pole
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01:50:46 Steven & Margo :o): had it written down ,but it broke too late
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01:50:46 Jo: There's a car on 240
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01:50:53 Jo: small risk
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01:55:14 Steven & Margo :o): Looks like a trend now
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01:55:15 Jo: I'm in there upside down
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01:55:26 Jo: Hasn't broken last 240 resistance
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01:55:45 Jo: MACD 240?
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01:56:57 Jo: The previous one?
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01:57:04 Raffaele: Resistance
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01:57:10 Jo: Ah so it is broken?
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01:57:25 Jo: I chse the other one
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01:58:31 Jo: I'll wait for the 50 retracement, it's just a bit above
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01:59:02 Steven & Margo :o): When NO trend, box
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01:59:23 Steven & Margo :o): it can also keep going upp
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02:00:10 Steven & Margo :o): con
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02:00:28 Jo: Ok, thanks
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02:01:17 Steven & Margo :o): Pole?
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02:01:23 Steven & Margo :o): or EDT
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02:04:58 Jo: Thank you :)
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02:05:08 Steven & Margo :o): Beginner set up?
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02:05:56 beverlydenis: ty Paplo
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02:05:59 Cristl: thanks Pablo
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02:06:09 beverlydenis: Pablo
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02:06:13 Raffaele: Thank you Pablo!
Linda F
02:06:16
Thanks Pablo
Pablo Orellana
02:06:23
https://www.dropbox.com/sh/hmizfbqo24eqhyx/AACdKBRg-Me4zjLEa_IKMUtba?dl=0
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02:06:58 Raffaele: Link works!
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02:07:02 Steven & Margo :o): Pablo, I sent you a picture of my results so far this month. To get 20 poles in the markets, we would need to trade more than just a few pairs in a month.
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02:07:30 Steven & Margo :o): so far
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02:07:40 Steven & Margo :o): 3 of 4 were losses
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02:07:44 Steven & Margo :o): so far
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02:08:01 Steven & Margo :o): it was just to show you what I have done so far
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02:08:32 Steven & Margo :o): How can we learn to practice that?
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02:08:44 Steven & Margo :o): Can we do a live screen share with this?
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02:08:52 Steven & Margo :o): I find that part the hardest part
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02:09:08 Steven & Margo :o): Money management
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02:09:14 Steven & Margo :o): trade management
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02:09:24 Steven & Margo :o): or paper trading
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02:09:28 Steven & Margo :o): live would be best
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02:09:40 Steven & Margo :o): In front of others with live accounts
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02:09:42 Steven & Margo :o): wow!!
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02:10:15 Steven & Margo :o): I have hardly gotten passed the first two rules
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02:10:29 Steven & Margo :o): most trades I am getting stopped out
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02:10:49 Steven & Margo :o): Watch the last one?
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02:10:59 Steven & Margo :o): from yesterday?
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02:12:31 Steven & Margo :o): That is an advance stop procedure
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02:13:21 Steven & Margo :o): Plan with trade management focus