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