Dislikedhey dee, when you said entry at the 61.8%, do you mean at the low of the candle which touched 61.8 right?
thanksIgnored
Cut your Losers short and let your Winners run.
Super Simple System for Scalping 178 replies
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Super Simple System 314 replies
Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies
Dislikedhey dee, when you said entry at the 61.8%, do you mean at the low of the candle which touched 61.8 right?
thanksIgnored
DislikedThe main components of d sys are d pullback candle n d TDI. If a trader can master these he is done.Ignored
DislikedNo. I entered at the 61.8% which was also the BRN 1.34500. I entered after the second candle tried to go up but failed creating a double top on the 15 min chart. The attached chart shows all the detail.Ignored
Disliked
You are right. People like to complicate things, just look at me. It is so difficult to switch off all the years of learning, but if I could I would actually be a better trader.Ignored
Dislikedbut as for your chart the candle you entered on didnt close so how could you know its not going to break higher ?Ignored
DislikedProbabilities, from lots of back and forward testing. Confluence 61.8% & BRN. Stochs at OB. TDI Hooked just under 68 level and at MBL which is the centre line of the Volatility Bands ( Bollingers). If I was wrong it would have cost me 7 pips. Acceptable to me.Ignored
Dislikedtonny47,
Spotted the opportunity but decided to take EUR/USD trade instead.
Regarding EUR/JPY, I do not go long when red is below yellow (unless it is NYO). What made you confident that it would work? Last two lows were LL, and last high was LH? As I scanned all Phx62 trades, PA at EMA200 provides most the reliable patterns (rememmber I'm a newbie).
My EUR/USD trade is here:
http://img594.imageshack.us/img594/9248/eu20130213.jpg
I was also unsure, whether it will work. Between my TP (1:1 r:r, but as a n00b I am unable...Ignored
Dislikedtonny47,
Spotted the opportunity but decided to take EUR/USD trade instead.
Regarding EUR/JPY, I do not go long when red is below yellow (unless it is NYO). What made you confident that it would work? Last two lows were LL, and last high was LH? As I scanned all Phx62 trades, PA at EMA200 provides most the reliable patterns (rememmber I'm a newbie).
My EUR/USD trade is here:
http://img594.imageshack.us/img594/9248/eu20130213.jpg
I was also unsure, whether it will work. Between my TP (1:1 r:r, but as a n00b I am unable to hold...Ignored
Dislikedtonny47,
Spotted the opportunity but decided to take EUR/USD trade instead.
Regarding EUR/JPY, I do not go long when red is below yellow (unless it is NYO). What made you confident that it would work? Last two lows were LL, and last high was LH? As I scanned all Phx62 trades, PA at EMA200 provides most the reliable patterns (rememmber I'm a newbie).
My EUR/USD trade is here:
http://img594.imageshack.us/img594/9248/eu20130213.jpg
I was also unsure, whether it will work. Between my TP (1:1 r:r, but as a n00b I am unable...Ignored
DislikedHello. I took the same trade as you did but entered much later..after PA broke the LO high...still in +15 pips now with SL=BE hopping it brake the RNIgnored
DislikedThe main components of d sys are d pullback candle n d TDI. If a trader can master these he is done.Ignored
Dislikedanybody took the same trade?
took 66 pips on this eurjpy bounce of ema 200Ignored
DislikedCan you explain more for a newbie what's meant by The main components of d(the) sys are d(the) pullback candle n(and) d(the) TDIIgnored
DislikedYes I took that trade, EUR/JPY moves very good these days much better than EUR/USD , I took the trade when Price Action reached 50EMA, I view EMA 200 as a dynamic support today, got +50 pips which was my first 50 pips since I started trading Forex 4 months ago
Back testing and learning about Price Action and how price move by studying old chart I think would improve the way I tradeIgnored
Dislikedtook two short trades on eurjpy. the first one of them i entered like a minute before the candle closed. went in my favour 40 pips then BE
reentered as I didn't see any aggressive move up at about the same place as i was stopped out and took 52 pipsIgnored