Yeh all those days u mentioned had a big bullish candles to start the upwards move...price may go to the demand area (5th October) where the price gained momentum to move up
Regards
Regards
DislikedHi Tashkent, I'd like to pay attention to your thread. Good to see you're open to share your trades. Only wish I have something to offer, but none at present. On the verge of giving up forex altogether, actually. Perhaps one last attempt, to gauge if some traits are needed for successful trading and I simply lack them all.Ignored
Disliked{quote} hey AdelPC, you are welcome to post here anything you like, we will discuss our trades together and learn from each other but do not ever think giving up worse case scenario open a micro account, do not pay attention to how much money you make at this point. we can start our discussion from the topic on how to lose. this is the most important thing in forex: KNOWING HOW TO LOSE. once you master this, profit will come to you begging to have itIgnored
DislikedHi Tash, Is this what we have to look for...it shows a bit of momentum towards the downside...Please do advice Regards {image}Ignored
Dislikedthis is Audusd, 1 min chart, the lines are the high/low and the body of the 1 h chart. you need to trap the price first. from that chart, price started ranging, so may find good opportunity short in between upper 2 lines or long in between lower 2 lines (these are the wicks). if you are swing trader wait for price to close above or below extreme lines and you can use those 2 lines in the middle as stop loss. {image}Ignored
Disliked{quote} This is good. Drawing lines is simple and do help in sensing where price is moving. Was just thinking... Eurusdd and others shared a great deal of sophisticated knowledge, including similarity, TZ & probability. But I find it quite impossible to put any of those complex ideas to practical use.Ignored
Disliked{quote} take what you get/understand. they are powerful concepts, no question. as i say first acknowledge what you are good at. are you often good at bounces, reversals, entries, exits, break outs? maybe you use intuition and it usually works? i simply can't assert enough how this is important. once you find this one edge which works more often than not, apply other concepts to improve it. one day you will have your own system. you will start noticing interesting ideas and how you can apply them to your trading only after you find out that you are...Ignored
Dislikedaudusd 1H chart. draw these lines and switch to 5 min chart to observe. stop loss a few pips below the upper yellow line. {image}Ignored
Disliked{quote} Do I understand correctly to buy only when current candle closes and that it closes above the yellow line? fyi, tested myself out by drawing lines and then shorted [email protected] & [email protected]. These will not hurt as they are on demo account only.Ignored
Disliked{quote} no need to wait for candle close. you make the entry on smaller tf. first big green candle indicated up. second huge candle (previous 1h) confirmed up and rejected the bottom with nice wick. price did not close below the first big green candle. i think bull has higher probability and good to go. i am seeing similar scenario with eu too, i think it may shoot up about 10 pips soonIgnored
Disliked{quote} Good call on AUDUSD Which is a better idea for my losing EURUSD/GBPUSD shorts? (1) set SL's a few pips above today's high; (2) just close them now as the entries are against PA; (3) hold the shorts with no SL (or wide SL), and add more shorts later because their trends are bearish? Please take your time and only reply when you have some time.Ignored
Disliked{quote} great. i am glad you see more exit options. keep working on that. keep increasing the number of options. i would say you should have at least 10 of them. i will tell you 2 more: 4)you may close half of your position and hold the other half. 5) (USE THIS ONLY ON DEMO) you may attack with bigger size and get out within the shortest time possible at BE. this is a deadly weapon and not to be used in making profit, only to save the loser. if this attempt fails get out at any cost. this rescuer must not use more than 25% of your...Ignored
Dislikedaudusd 1H chart. draw these lines and switch to 5 min chart to observe. stop loss a few pips below the upper yellow line. {image}Ignored
Disliked{quote} I've experienced this as a follower on Zulutrade. I freaked out and closed my positions with a big loss. But the signal provider continued adding positions counter-trend and later closed all trades with only a small loss when price reversed a little. I'm too emotional for this scary tactic.Ignored
Dislikedaudusd 1H chart. draw these lines and switch to 5 min chart to observe. stop loss a few pips below the upper yellow line. {image}Ignored
Disliked{quote} Price touched the yellow line @0.87844. This is tricky. The 0.8784 level seems to be holding. But it always seems price has a habit of piercing what seems to be support/resistance. What would you do? Use a wider SL?Ignored