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London Session or Endeavor Session (Shared screen with speaker view)
Steven & Margo :o)
30:04
What up kids?
Steven & Margo :o)
30:12
How's it hangin?
Raffaele
33:02
Good and you Steve?
Raffaele
33:12
Hi Pablo! We have sight; no sound ...
Steven & Margo :o)
33:30
Practicing good Psychology this morning
Steven & Margo :o)
33:56
Might change my plan a bit to make it super simple and just focus on Poles
Raffaele
34:07
Yes, patience!!!
Steven & Margo :o)
34:14
Although, the last few poles have not been so easy to take
Steven & Margo :o)
34:35
Ha ha, Patience was not a vertue when I grew up
Steven & Margo :o)
34:44
Nor here in Germany
Cristl
34:46
good morning all
Steven & Margo :o)
34:50
but hear in trading
Cristl
34:50
y
Raffaele
34:52
SI
Steven & Margo :o)
34:53
SI
Jo
34:54
Good morning
Steven & Margo :o)
34:56
No
Steven & Margo :o)
35:02
YEs
Linda F
35:02
Goog Morning
Steven & Margo :o)
35:11
Meh
Steven & Margo :o)
35:16
Stopped out
Steven & Margo :o)
35:30
GCAD
Steven & Margo :o)
35:36
but still in the EG
Jo
35:45
I'm in too many, last time I'm doing this
Mats Lundkvist
35:48
euraud
Cristl
36:18
yes
Steven & Margo :o)
36:23
I find that I get overwhelmed if I am in more than two trades
Linda F
36:26
Yes
Steven & Margo :o)
36:35
Build? Rebuild::
Steven & Margo :o)
36:38
LOL
Jo
36:42
AJ,AU,CHFJ,EA, EN, GA, GCHF, GU, NJ, NU, UCHF
Jo
36:49
UCAD too
Jo
36:59
Hadn;t time to see the video lol
Steven & Margo :o)
37:08
Can you say.... OVERTRADING???
Jo
37:14
Yes, exactly
Jo
37:19
Last time
Jo
37:28
It's a new rule now
Steven & Margo :o)
37:32
Hey Jo, learn from this lesson
Steven & Margo :o)
37:45
What does overtrading look like
Jo
37:50
Will do
Steven & Margo :o)
38:00
What rules can you put in place to know when you are overtrading
Steven & Margo :o)
38:04
Blowing up!!!!
Steven & Margo :o)
38:56
Mechanical Trading is the only way we can win IF we are not in control of our emotions and mind
Steven & Margo :o)
42:10
slight wedge
Steven & Margo :o)
42:14
or triangle
Steven & Margo :o)
42:18
on the end
Steven & Margo :o)
42:43
How do you explain that Pablo?
Steven & Margo :o)
42:52
Risk On?
Steven & Margo :o)
43:05
When the Jen Buys?
Steven & Margo :o)
43:11
What trade?
Steven & Margo :o)
43:18
Carter Trade
Steven & Margo :o)
43:25
Carry Trade
Steven & Margo :o)
43:28
Ok, got it
Mats Lundkvist
43:34
so if Nikkei goes up JPY goes down or?
Steven & Margo :o)
44:18
So funny
Steven & Margo :o)
44:45
The whole system is a delution of money printing
Steven & Margo :o)
45:07
I love the piture of a group of bankers in a room trading bits of paper
Steven & Margo :o)
45:11
Ha ha
Steven & Margo :o)
45:46
is there a good nymonic to rember the result of the Carry trade that we need to remember
Steven & Margo :o)
45:48
?
Steven & Margo :o)
46:17
When Yen Sells, Buy Safety
Steven & Margo :o)
46:25
Hummmm???
Steven & Margo :o)
46:52
Yen Sells, Yell Safty
Steven & Margo :o)
47:35
Selling the safe haven when the Yen sells
Steven & Margo :o)
48:07
Oh. Yell Sell Safety when the Yen Sells
Steven & Margo :o)
50:30
IClose significant forex option expiries for the NY cut Wednesday 25 April 2018
Steven & Margo :o)
50:35
EUR/USD1.2220 euro amount 977m1.2290 596mUSD/JPY107.95 USD amount 565m108.00 1.5bn108.05 475m108.20 410m108.25 550m
Steven & Margo :o)
50:48
Nice!
Steven & Margo :o)
51:00
Well done Chart Meister Pablo!
Steven & Margo :o)
51:21
Can I do a Journeyman with you???
Steven & Margo :o)
51:41
We need a pullback in the Index
Raffaele
53:25
Yes
Steven & Margo :o)
55:36
too steep
Steven & Margo :o)
55:57
they will maybe adjust
Steven & Margo :o)
56:37
Of course the Index can keep buying if there is such intrest in the Dollar
Steven & Margo :o)
56:52
so we would need a confirmation
Steven & Margo :o)
56:59
Si
Jo
57:12
GU MACD?
Steven & Margo :o)
57:18
go fishing
Jo
57:44
Could be a bear trap?
Steven & Margo :o)
57:51
or do some Paper Trading, Practice Emotional Regulation, and Write a New Plan!
Jo
57:57
There's div since yesterday
joao
58:01
gm
Steven & Margo :o)
58:03
CCCCC!!!!
Steven & Margo :o)
58:10
No C
Steven & Margo :o)
58:23
I see they will NOW make a C
Steven & Margo :o)
58:58
they can Adjust the trend with a large C wave
Steven & Margo :o)
59:30
si
Steven & Margo :o)
59:36
anything can happen
Linda F
59:38
yes
Raffaele
59:41
Yez
Steven & Margo :o)
59:50
Yez?
Steven & Margo :o)
01:00:00
me likie Yez
Raffaele
01:00:20
The C would be better. Sell higher :)
Steven & Margo :o)
01:01:29
No, about to make a new high
Steven & Margo :o)
01:02:35
no
Steven & Margo :o)
01:02:44
NO Trade for Pablo
Steven & Margo :o)
01:02:46
:o(
Steven & Margo :o)
01:03:11
Pablo, are you feeling sick??
Steven & Margo :o)
01:03:23
Margo is asking if you are well or not feeling so good
Steven & Margo :o)
01:03:33
Awesome!!!
Steven & Margo :o)
01:03:38
Good to hear it
Steven & Margo :o)
01:03:51
NO
Steven & Margo :o)
01:06:41
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?
Steven & Margo :o)
01:07:42
Whaaaa
Steven & Margo :o)
01:07:48
I thougth I wrote that clearly
Steven & Margo :o)
01:07:54
To use the ATR correctly
Steven & Margo :o)
01:08:20
that is a tough one to write in one sentance man
Steven & Margo :o)
01:08:38
so it is the total move since 5 pm
Steven & Margo :o)
01:09:24
I go the main point of where the pair can go
Steven & Margo :o)
01:09:42
calculating how much more it can go compared to risk
Jo
01:10:10
y
Steven & Margo :o)
01:10:23
Funny how that simple stuff blows my mind
Steven & Margo :o)
01:10:27
:o)
Jo
01:11:58
Yes
Steven & Margo :o)
01:12:02
no
Steven & Margo :o)
01:12:39
man, what a deal
Steven & Margo :o)
01:12:55
Is that not an advanced Pole trade Pablo?
Jo
01:13:56
We can put a single line trend line on 240
Steven & Margo :o)
01:13:59
Would that not be against your rules? To take a trade with Div?
Steven & Margo :o)
01:14:07
Or only after a pull back?
Jo
01:14:17
It needs to respect that to keep the structure
Steven & Margo :o)
01:14:31
Falling Wedge
Steven & Margo :o)
01:15:04
Pablo, what 240 set up do we use???
Jo
01:15:15
We can put a single line trend line on 240
Steven & Margo :o)
01:15:22
but what would that be?
Jo
01:15:23
Two first highs
Jo
01:15:39
Top of the box
Jo
01:15:42
Yes
Jo
01:15:48
Yes
Jo
01:16:10
It will respect it most probably
Steven & Margo :o)
01:18:53
Nice ABC for the 4th wave
Steven & Margo :o)
01:19:08
I was selling there looking for a drop in the last box
Steven & Margo :o)
01:20:02
we had the EJ in a box looking for sells in the last week
Steven & Margo :o)
01:20:09
that is why I was selling Pablo
Steven & Margo :o)
01:20:22
that is what I just said. :o)
Steven & Margo :o)
01:20:40
Anything can happen
Steven & Margo :o)
01:20:58
that is what is so funny about trading lately
Steven & Margo :o)
01:21:16
We have Horse-Frogs
Steven & Margo :o)
01:21:39
sooooo was the MACD wrong????
Steven & Margo :o)
01:22:11
Or, could it be a Head Fake?
Steven & Margo :o)
01:22:34
pablo, IF we had 5 waves, what should we expect Next??
Steven & Margo :o)
01:22:37
ABC?
Steven & Margo :o)
01:23:21
THAT, was a good point
Steven & Margo :o)
01:23:37
You are not anticipating anything, but waiting for Triggers!!!
Steven & Margo :o)
01:23:45
Well said Chart Meister
Steven & Margo :o)
01:24:18
The GJ was my ONLY win since I started trading again
Steven & Margo :o)
01:24:24
97 pips on a micro
Jo
01:24:28
Single line trend line again to the upside?
Steven & Margo :o)
01:24:38
got out at the 151.00
Steven & Margo :o)
01:25:34
Pole???
Steven & Margo :o)
01:25:37
on the end?
Steven & Margo :o)
01:25:44
Or waiting for an ABC?
Steven & Margo :o)
01:26:52
ECB fundie tomorrow
Jo
01:27:28
Next target?
Jo
01:27:36
Do we keep it above 153?
Jo
01:27:49
Ok, thanks :)
Raffaele
01:31:17
Yes
Steven & Margo :o)
01:32:01
Pablo, when that pole or any other, breaks out on the 60,
Steven & Margo :o)
01:32:12
and then pulls back,
Steven & Margo :o)
01:32:40
we can re-enter if stopped out
Jo
01:32:45
conv now, it was div before the pullback
Steven & Margo :o)
01:32:50
WAS div
Steven & Margo :o)
01:33:03
The bulls are winning
Jo
01:33:09
div could be just for the pulback there?
Steven & Margo :o)
01:33:20
the EJ had the same but worse
Steven & Margo :o)
01:34:11
Yeay Bulls
Steven & Margo :o)
01:34:29
What are they doing now
Steven & Margo :o)
01:35:38
no
Steven & Margo :o)
01:36:15
how about the SL closer to the end?
Steven & Margo :o)
01:36:33
Symetry
Steven & Margo :o)
01:36:37
?
Steven & Margo :o)
01:38:01
Un....
Steven & Margo :o)
01:38:04
Sustainable
Steven & Margo :o)
01:38:17
rising wedge on the end
Jo
01:39:00
MACD?
Steven & Margo :o)
01:39:20
Hey Pablo, I have a beginner question about moving stops.
Jo
01:39:35
div
Jo
01:39:44
I'm in there
Jo
01:39:52
plan for 240 pullback?
Raffaele
01:40:45
Huge
Steven & Margo :o)
01:41:05
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?
Jo
01:41:36
I'm in since 1.7038
Mats Lundkvist
01:41:56
would you sell the EN instead
Steven & Margo :o)
01:41:58
That is a Pro Act plan for beginners
Jo
01:42:00
If it breaks last support I'm out, right?
Jo
01:42:34
240
Steven & Margo :o)
01:42:47
so I am not sure how to become successful mechanically if that rule takes me out for consistant small losses?
Jo
01:42:55
That's where I entered lol
Jo
01:43:09
ok, 60', thanks
Jo
01:43:14
1.7038
Steven & Margo :o)
01:44:08
which one?
Steven & Margo :o)
01:44:19
I watched the previous
Steven & Margo :o)
01:45:17
no,not yet
Steven & Margo :o)
01:45:38
I have taken only 4 poles so far this month
Raffaele
01:46:46
Down
Steven & Margo :o)
01:46:49
I am still in the EG
Steven & Margo :o)
01:46:52
EDT Sell
Steven & Margo :o)
01:46:54
si
Steven & Margo :o)
01:46:57
Still in
Steven & Margo :o)
01:47:14
Decending TRi
Jo
01:47:53
entry order?
Steven & Margo :o)
01:47:54
No break out
Steven & Margo :o)
01:47:56
si
Jo
01:48:00
below last support
Steven & Margo :o)
01:48:21
I would like to be in profit before the ECB fundie tomorrow
Steven & Margo :o)
01:48:32
I will be at BE
Jo
01:49:37
I'm in GA
Jo
01:50:18
In an aggressive sell lol
Jo
01:50:23
ABove 240 car
Jo
01:50:32
minimum risk
Jo
01:50:35
sell
Steven & Margo :o)
01:50:35
I missed that pole
Steven & Margo :o)
01:50:46
had it written down ,but it broke too late
Jo
01:50:46
There's a car on 240
Jo
01:50:53
small risk
Steven & Margo :o)
01:55:14
Looks like a trend now
Jo
01:55:15
I'm in there upside down
Jo
01:55:26
Hasn't broken last 240 resistance
Jo
01:55:45
MACD 240?
Jo
01:56:57
The previous one?
Raffaele
01:57:04
Resistance
Jo
01:57:10
Ah so it is broken?
Jo
01:57:25
I chse the other one
Jo
01:58:31
I'll wait for the 50 retracement, it's just a bit above
Steven & Margo :o)
01:59:02
When NO trend, box
Steven & Margo :o)
01:59:23
it can also keep going upp
Steven & Margo :o)
02:00:10
con
Jo
02:00:28
Ok, thanks
Steven & Margo :o)
02:01:17
Pole?
Steven & Margo :o)
02:01:23
or EDT
Jo
02:04:58
Thank you :)
Steven & Margo :o)
02:05:08
Beginner set up?
beverlydenis
02:05:56
ty Paplo
Cristl
02:05:59
thanks Pablo
beverlydenis
02:06:09
Pablo
Raffaele
02:06:13
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
Raffaele
02:06:58
Link works!
Steven & Margo :o)
02:07:02
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.
Steven & Margo :o)
02:07:30
so far
Steven & Margo :o)
02:07:40
3 of 4 were losses
Steven & Margo :o)
02:07:44
so far
Steven & Margo :o)
02:08:01
it was just to show you what I have done so far
Steven & Margo :o)
02:08:32
How can we learn to practice that?
Steven & Margo :o)
02:08:44
Can we do a live screen share with this?
Steven & Margo :o)
02:08:52
I find that part the hardest part
Steven & Margo :o)
02:09:08
Money management
Steven & Margo :o)
02:09:14
trade management
Steven & Margo :o)
02:09:24
or paper trading
Steven & Margo :o)
02:09:28
live would be best
Steven & Margo :o)
02:09:40
In front of others with live accounts
Steven & Margo :o)
02:09:42
wow!!
Steven & Margo :o)
02:10:15
I have hardly gotten passed the first two rules
Steven & Margo :o)
02:10:29
most trades I am getting stopped out
Steven & Margo :o)
02:10:49
Watch the last one?
Steven & Margo :o)
02:10:59
from yesterday?
Steven & Margo :o)
02:12:31
That is an advance stop procedure
Steven & Margo :o)
02:13:21
Plan with trade management focus