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- Sorel replied Apr 5, 2020
Thanks for your reply PC. Not trading EG either but I like to plot your levels on many charts to train my eyes.
- Sorel replied Apr 5, 2020
Hi everyone, hope you guys are having a great weekend, PokerChip, I see that VicarPhilip’s EG chart is showing a reversal up on H4 but on my daily EG chart I see a level 2 box down. Could you please tell me if I have made a mistake somewhere ? Or if ...
- Sorel replied Mar 20, 2020
sorry i was actually looking at the 7:45 bar. Guess I really need some sleep...
- Sorel replied Mar 20, 2020
Good morning to everyone, That 8:00 15 min bar on cable has quite a big range billytt. Have you taken the short?
- Sorel replied Mar 18, 2020
Thanks billytt. That was very instructive to pick your brain during your trading session.
- Sorel replied Mar 18, 2020
Hi billytt, haha yes for now i'm being cautious but when I get more comfortable i might try to go after bigger moves. Looks like GU keeps dropping. Your short position is looking good! It's already 3:30 am where I am so I'm off to bed. ...
- Sorel replied Mar 18, 2020
Well that's it for me. Took 15 pips for both positions. So 30 in total.
- Sorel replied Mar 18, 2020
But how do you assess that the retrace is not likely to go all the way to the top of the range ? or even breakout the other way ? Today you added right after the spike to 98 ?
- Sorel replied Mar 18, 2020
You're welcome. And sorry on the chart it says "Level 1" twice. Of course the second level is Level 2.
- Sorel replied Mar 18, 2020
Hi billytt, Yes I understand. Compounding after the first target is reached is a lot better than opening two positions at the same price on the first break (like I've done today...). I will remember this for my next trade.
- Sorel replied Mar 18, 2020
Hi Lubis, Sure. There it is Cheers
- Sorel replied Mar 18, 2020
Morning billytt, I'm in this trade with you. Got 2 positions. First one tp 15. Second one tp 30. Let's see if it gets there!
- Sorel replied Mar 17, 2020
Yes it absolutely helps. Will do my due diligence and study old charts. Actually I'm doing it right now. I very much like your statistical approach to trading. Thanks again Cheers,
- Sorel replied Mar 17, 2020
Thanks again billytt. You've been really helpful. I'll study how the break of this range works out on other pairs as well over the next few weeks. Cheers
- Sorel replied Mar 17, 2020
Hi Billytt thanks for your help. One more quick question. Let's say the 00:00 4 hour range holds throughout the day and finally breaks during the NY session, would you still consider it a valid trigger or would you just wait for the next 00:00 4 ...
- Sorel replied Mar 17, 2020
Hi everyone, I hope you are all doing well today billytt I took those two trades a few hours ago on EURUSD and USDCHF off the 00:00 4hour range break in the direction of the main cycle (level 2). The range was about 25-30 pips on both pairs with ...
- Sorel replied Mar 15, 2020
Took profit at 0.9514 on USDCHF. Entry price 0.9463. Took profit at 107.41 on USDJPY. Entry price 106.53. Momentum seems to be slowing down on both pairs so i'd rather get out and reenter on a breakout north if that happens. Cheers
- Sorel replied Mar 15, 2020
Hi everyone, hope you guys had a great weekend. Ron amazing results as usual! Very inspirational These are my entries for tonight. Long USDCHF and USDJPY. Very similar setups at the bottom of Level 2 box. Let’s see how it goes. Cheers
- Sorel replied Mar 12, 2020
Thanks for the clarification. I will focus on more "disciplined" pairs then. Agree on the margin. Took a 20% hit on that crazy spike Sunday because of too much leverage.
- Sorel replied Mar 12, 2020
Is that why you don't trade AC ? I thought this was a textbook reversal - level 1 cycle but have you noticed that usually this pair does not respect these levels ? Just asking because I trade commodity pairs quite often.