- Joined Aug 2012 | Status: Trends, Levels, Confirmation, Bayes | 1,834 Posts
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Why your broker is your friend and your enemy 4 replies
The trend is your friend 9 replies
Is The Trend Really Your Friend? 119 replies
The trend is your friend: if you dont miss the boat 13 replies
Trend is your friend (Image attached) 7 replies
DislikedDoes anyone else feel like they are bouncing off the walls when it comes to trading? I'm at a point with my trading where I'm aware of my failings I've been all around the houses with different indicators different time frames ect. This week I dropped al indicators completely and not looking below H4. What I'm doing is very similar to what Winston is doing on his thread http://www.forexfactory.com/showthread.php?t=469234 Look for engulfing candles on W1, look for value on D1 and PA for entry on H4 . {image} {image} {image}Ignored
Disliked{quote} I think indicators allow you to do quick filtering. i.e. select pairs that are trending well with a glance. After that, once you get your list of pairs you will need to do more careful analysis without indicators by drawing in the levels, trendlines etc. and seeing if they are worth trading. Once you get through that filter, you then take the pairs you are left with and go to the trading time frame where you just have a clean chart with some levels where you have decided to look for set-ups. In that way you are focused and wouldn't get distracted...Ignored
DislikedDoes anyone else feel like they are bouncing off the walls when it comes to trading? I'm at a point with my trading where I'm aware of my failings I've been all around the houses with different indicators different time frames ect. This week I dropped al indicators completely and not looking below H4. What I'm doing is very similar to what Winston is doing on his thread http://www.forexfactory.com/showthread.php?t=469234 Look for engulfing candles on W1, look for value on D1 and PA for entry on H4 . {image} {image} {image}Ignored
DislikedHey Steve, Just getting started studying the charts for this week. This is my take on GU. The overall weekly is in an uptrend. The last weekly candle spiked down and found support and closed a pinbar suggesting further upside but it's basically stuck in the middle of a range. A messy range at that. The look of the weekly PA here is enough to keep my out of this pair until PA breaks above/below the range. In the daily chart I point out a bull candle that broke above the previous range and essentially led to the current range. The H4 chart is a mess...Ignored
Disliked{quote} Update. Get your entry right and you will get MOVEMENT and MOMENTUM in the direction you are trading. STAY IN THE TRADE Get your entry wrong and you won't get MOVEMENT and MOMENTUM in the direction of your trade. GET THE HELL OUT {image} {image} {image} {image}[/quote Got taken out of the EUR/USD trade (-1R) the GBP/USD trade (-1R) the USD/CAD BE 0R The USD/JPY trade is still running, I've just added a second position when the market retraced to a structure level {image}Ignored