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London Session or Endeavor Session (Shared screen with speaker view)
Steven & Margo :o)
34:24
say what?
Steven & Margo :o)
34:27
I am``
Steven & Margo :o)
34:35
For sure bro
Steven & Margo :o)
37:37
Got a word doc open
Razvan
39:32
div 60?
Steven & Margo :o)
40:21
con
Steven & Margo :o)
40:37
hidden div
Steven & Margo :o)
40:41
on the bottom??
Steven & Margo :o)
40:57
GT
Steven & Margo :o)
42:00
si
Steven & Margo :o)
42:36
I got stopped out there
Steven & Margo :o)
42:47
but it was not breaking structure
Steven & Margo :o)
42:59
I did not use a scout
Steven & Margo :o)
43:51
Tough ride
Beena V
44:21
maybe came for left behind...
Beena V
44:32
not sure I didnt traded this currency
Steven & Margo :o)
45:00
Si
Steven & Margo :o)
45:12
No Div
Steven & Margo :o)
45:26
Other Agenda we had no ability to know
Steven & Margo :o)
45:50
one lesson to think about Pablo
Beena V
45:51
from that past down move... if it wasnt announcement then we know they may comeback
Steven & Margo :o)
46:03
How long are we willing to wait for a trade to move in our direction?
Beena V
46:07
in 240 u could see better
Steven & Margo :o)
47:01
How long are we willing to wait for a trade to move in our direction?
Steven & Margo :o)
47:25
si
Steven & Margo :o)
48:15
That is a lesson Margo and I heard you explain in your last session
Steven & Margo :o)
48:38
Close out the trade on an O/C of a candle outside of a line
Steven & Margo :o)
49:52
That! IS purly psychological
Steven & Margo :o)
50:11
Knowing and beliving we can allways re-enter
Steven & Margo :o)
50:18
Letting go of a trade
Steven & Margo :o)
50:55
How many days was this?
Beena V
51:04
yes there as well it came up to cover that down move... it covered both before moving forward with structure
Steven & Margo :o)
51:09
Si
Steven & Margo :o)
51:13
Missing out
Steven & Margo :o)
52:00
Four Primary Fears1 – Being Wrong2 – Losing Money3 – Missing Out4 – Leaving Money on the Table
Steven & Margo :o)
52:24
I have to learn to let go
Steven & Margo :o)
52:33
and be HAPPY about it!!!
Steven & Margo :o)
52:40
Good loss
Beena V
52:46
agree!
Beena V
55:55
break
Beena V
56:45
would you put SL above previous hf or still keep just above pink line
Beena V
57:07
Head fake
Steven & Margo :o)
57:31
Beena
Steven & Margo :o)
57:38
Not Steven :o)
Beena V
57:42
Pablle doesnt see me
Beena V
57:50
Pablo :)
Beena V
57:56
yes that one
Beena V
58:23
because they came there to look for sellers
Razvan
58:33
where move the SL after add the 2nd posstion?
Beena V
58:36
sell high rule :)
Steven & Margo :o)
59:28
Nice Trending day
Razvan
59:35
ok
Razvan
59:38
thanks
Beena V
01:00:41
once it reaches boundaries of box - we have to watch out as it can change
Razvan
01:01:06
any trail strategy suggestion for this kind of traid? (FX Synergy)
Steven & Margo :o)
01:01:15
What rule can we make to know how close to the bottom is too close???
Steven & Margo :o)
01:01:24
%age?
Beena V
01:01:31
but they were really trying
Steven & Margo :o)
01:01:36
fib?
Steven & Margo :o)
01:01:46
ATR?
Beena V
01:01:50
candles were showing signs...
Steven & Margo :o)
01:02:15
It went right to the last support
Steven & Margo :o)
01:02:25
Div
Steven & Margo :o)
01:02:29
Get out
Steven & Margo :o)
01:02:44
BE???
Steven & Margo :o)
01:02:57
What rule can we make to know how close to the bottom is too close???
Steven & Margo :o)
01:03:02
SI
Steven & Margo :o)
01:03:04
yes
Steven & Margo :o)
01:03:17
they will keep going till they dont
Beena V
01:03:34
we have to check for many moving component to see if it will break box
Steven & Margo :o)
01:04:17
I would move my stops and take profit at the last support
Steven & Margo :o)
01:04:35
that was only another 20 - 30 pips
Steven & Margo :o)
01:04:52
Scale out and leave 1 lot
Steven & Margo :o)
01:05:56
Then that was a Fib to Fib trade?
Steven & Margo :o)
01:07:34
it was a good trade, until I got stopped out
Steven & Margo :o)
01:07:36
LOL
Beena V
01:07:55
correct
Steven & Margo :o)
01:08:23
It was a BAD trade for me, as I had no business being in that trade. I did not have a set up accoring to my plan.
Steven & Margo :o)
01:08:39
I broke a rule by Not Trading my plan
Steven & Margo :o)
01:10:10
I could not see a wave 3 there
Steven & Margo :o)
01:10:21
but still thougt it had potential
Steven & Margo :o)
01:10:46
Box
Steven & Margo :o)
01:11:06
it IS a box now
Beena V
01:11:13
it came back for left behind and thats was the only reason it broke box
Steven & Margo :o)
01:11:26
There could have been traders doing both out in Market Land
Beena V
01:11:30
for the Hf
Steven & Margo :o)
01:11:44
There were TWO agendas
Beena V
01:11:53
i took this trade my target was left behind
Beena V
01:12:05
yes
Beena V
01:12:18
and i let my winners run
Beena V
01:12:23
bit further
Steven & Margo :o)
01:14:04
If, your account makes that 1/3
Steven & Margo :o)
01:14:12
That was 1% for me
Steven & Margo :o)
01:15:38
Pablo, are using Limit EOs?
Steven & Margo :o)
01:15:59
Margo sees a Falling Wedge
Steven & Margo :o)
01:16:05
´Did you have Conv?
Patricia
01:16:41
fundies affecting EC
Patricia
01:17:19
and today
Beena V
01:18:32
no
Steven & Margo :o)
01:18:35
n
Beena V
01:18:39
still in structure
Steven & Margo :o)
01:18:47
if your Cajones are big enough
Beena V
01:19:01
what is cajones
Steven & Margo :o)
01:19:21
LOL!!! I am not sure if I spelled that correctly
Steven & Margo :o)
01:19:30
Spanish for Balls
Steven & Margo :o)
01:19:32
guts
Steven & Margo :o)
01:19:37
Courage
Beena V
01:19:38
hahaha!
Steven & Margo :o)
01:20:01
El Hefe!!!!
Michael J
01:20:28
:)
Steven & Margo :o)
01:20:30
Pablo, you were asking if we would still be in the trade if it went up
Beena V
01:20:42
even Pablo dosent speak Cajon language!
Michael
01:21:27
(it's cojones)
Beena V
01:22:00
Pablo if someone sees Flag at that point then the bound to close position for buying that flag?! just a thought
Unknown Speaker
01:22:08 Steven & Margo :o):las bolasballslas pelotasballslos cojonesballs, bollocks, nuts, bullockslas talegasmoney, balls
Steven & Margo :o)
01:22:17
I had to look it up
Beena V
01:22:26
Yay! got it with clarity!
Steven & Margo :o)
01:22:58
An Open and Close above the line
Steven & Margo :o)
01:23:31
Sorry class, just learning here :o)
Patricia
01:25:11
div
Steven & Margo :o)
01:25:32
pablo
Steven & Margo :o)
01:25:44
Margo has a question about that first slide point
Beena V
01:26:02
there was option contract for 8700 when it first broke out
Steven & Margo :o)
01:26:08
the second point of the 60 Div
Steven & Margo :o)
01:26:13
what does that mean?
Steven & Margo :o)
01:26:30
Pullback where?
Steven & Margo :o)
01:26:31
OK,
Steven & Margo :o)
01:26:34
thank you
Beena V
01:27:03
lots of moving parts
Steven & Margo :o)
01:29:11
I took a good small loss on that one too
Steven & Margo :o)
01:31:07
I was taking the buy with an EDT
Steven & Margo :o)
01:31:12
got stopped out
Steven & Margo :o)
01:31:15
and then it took off
Steven & Margo :o)
01:32:43
Box in a box???
Steven & Margo :o)
01:33:23
My greed wanted that big box
Steven & Margo :o)
01:33:27
two weeks ago
Beena V
01:34:08
tripple top in big darvas box
Beena V
01:34:50
big box
Steven & Margo :o)
01:34:59
the dude that made the box concept
Steven & Margo :o)
01:35:04
DARVIS
Steven & Margo :o)
01:35:16
Darvis and Butthead
Beena V
01:35:57
and going up and down at equalibrium... yes Darvis ... am bit trigger happy with typing :)
Beena V
01:36:28
pink line
Beena V
01:36:29
yes
Steven & Margo :o)
01:40:11
Plan? We don't need no stinking plan!!!
Steven & Margo :o)
01:40:17
Push the button!!!
Michael J
01:43:34
tighten stop
Steven & Margo :o)
01:45:07
I got out with 2.50€ profit
Steven & Margo :o)
01:45:13
Wooooo hoooo!!
Steven & Margo :o)
01:45:21
That was my biggest win of the week
Steven & Margo :o)
01:45:52
Pablo, can you share those lessons in the chat for Margo Please?
Steven & Margo :o)
01:45:59
Danke
harvey w
01:46:00
Yesterday's Carney "fundie" was not in Forex factory
Steven & Margo :o)
01:46:07
She is not a fast typer like me
Steven & Margo :o)
01:46:16
Unless you want to translate German
Steven & Margo :o)
01:46:19
:o)
harvey w
01:46:28
and that was a market mover!
Steven & Margo :o)
01:46:37
Really? Harvey, where was that info?
Steven & Margo :o)
01:47:03
Pole win
Steven & Margo :o)
01:47:06
without me
Steven & Margo :o)
01:48:48
Pole on Pole
Steven & Margo :o)
01:49:02
it hit the 2nd Pole target
Steven & Margo :o)
01:49:09
Si
Steven & Margo :o)
01:49:27
Div
Steven & Margo :o)
01:49:34
Move your stop
Steven & Margo :o)
01:49:48
Looks are decieving
Steven & Margo :o)
01:50:07
especially in the Deutsch Bank time
Beena V
01:50:22
if you have bias ! sure it can be :)
Steven & Margo :o)
01:50:43
Good point Beena
Steven & Margo :o)
01:50:49
Is our plan a Bias?
Steven & Margo :o)
01:51:00
Rules are Biases, correct?
Razvan
01:51:28
what is Bias ? :)
Beena V
01:51:30
I traded this down :) i did well
harvey w
01:51:35
steven : here are carney comments https://www.telegraph.co.uk/business/2018/04/19/carney-might-not-hike-rates-next-month/
Steven & Margo :o)
01:51:57
Thanks harvey
Steven & Margo :o)
01:52:43
My Bias is my opinion
Steven & Margo :o)
01:53:46
Pablo, that was a very fast explanation
Beena V
01:53:59
and our Bias is improving everyday... according to structure
Steven & Margo :o)
01:54:05
English is Margo's second language
Steven & Margo :o)
01:54:15
Absolutely Beena
Steven & Margo :o)
01:55:38
pablo,
Steven & Margo :o)
01:55:46
what 240 min set ups do we have?
Steven & Margo :o)
01:56:02
Are you just saying that we wait for a break of the line?
Steven & Margo :o)
01:56:08
on the 240?
Beena V
01:57:12
sltl always helps with visual
Steven & Margo :o)
01:57:28
Ok, we don't have a 240 min set up, so we will use that rule in the future when we are conciously competent
Steven & Margo :o)
02:00:08
I only had 1 lot
Beena V
02:00:23
depends on macd and few other structure clues...
Beena V
02:02:07
i see
Steven & Margo :o)
02:05:32
the UCHF went up without the Index going up
Steven & Margo :o)
02:07:13
Break of the line
Steven & Margo :o)
02:07:42
change of dir
Beena V
02:07:56
Pablo, I always look out for range expansion and range contraction from your lessons! it gives visual clues
Steven & Margo :o)
02:10:02
con
Steven & Margo :o)
02:10:19
HUGE left behind
Steven & Margo :o)
02:10:24
Move stops
Steven & Margo :o)
02:11:15
Pablo, I sent you a jpg of my UJ trade. I have a question about fibs
Steven & Margo :o)
02:12:33
Hey, was that a trend?
Steven & Margo :o)
02:13:50
I had my fibs on the smaller retrace as that is how we learned an EDT from Elkana
Steven & Margo :o)
02:14:19
We had a box with a rising wedge
Steven & Margo :o)
02:14:47
Last support for the fibs
Steven & Margo :o)
02:15:17
Yes, that makes sense. To remember that is challenging
Steven & Margo :o)
02:15:27
We will review this recording a few times
Steven & Margo :o)
02:16:00
ok
Steven & Margo :o)
02:16:13
si
Steven & Margo :o)
02:16:30
si
Steven & Margo :o)
02:16:40
So I had that correct
Steven & Margo :o)
02:16:55
another agenda
Steven & Margo :o)
02:17:13
BT
Steven & Margo :o)
02:18:08
Hummm. With the EDT, I will still use the last S/R as the fib attachment and NO Scout, just have the stop behind the 1.000
Steven & Margo :o)
02:18:18
HW
Steven & Margo :o)
02:18:23
Awesome
Steven & Margo :o)
02:18:35
• Learn to pay attention to the way a trade is progressing, in favor and out of favor.• Look for a change of direction when: We have a Break of a line, channel, trend, When we have a break of support/resistance, when we have a break of symmetry.
Beena V
02:18:42
do we have to submit the homework?
Pablo Orellana
02:19:03
LESSONS FROM THE JOURNALING CLASSES• At SLTL, I want to protect the trade• If not sure, put a trend and a box and wait for confirmation• In the extremes, look for 60m reversal setups• Use a 6 aces trigger as confirmation of reversal setup• During fundies, I want to scale out before the session and move stop• Respect of symmetry is the indication of continuation.• At the bottom/top of box we have to protect profits.• If there is square up, that’s part of the risk• During FOMC, the hole trading day is affected• 60m has to confirm the 240m• If 60m DIV, then that’s not confirming, and we should wait for pullback.• When price hits TOD, we can move the stop• When there is divergence, we will scale out and if possibly move the stop to BE• Before Friday the NY session, we want to manage the trade• NEVER limit• Break of symmetry is the indication of changing structure• A candle that open and closes outside structure, we can close position
Steven & Margo :o)
02:19:04
Got it!
Steven & Margo :o)
02:19:11
We took a screen shot
Steven & Margo :o)
02:19:13
:o)
Steven & Margo :o)
02:19:20
I have a lot of my own man
Steven & Margo :o)
02:19:26
Just having an issue applying them
Beena V
02:19:43
ok