I took long nzdusd today and I am out. It looks like good news for dollar coused my loss. Anyone else in that trade?
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DislikedPosted below is a trade we took from the 1H TF on gbpaud, the first chart(4H) showing the test of the up TL so the expectation was a crown formation, then on the 1H we saw those tweezer tops which validates our entry.Ignored
Dislikedi was invited to view this thread by a fellow trader and i must say it is a good one. It compliments Dazfx's thread very well with the incorporation of trendlines to determine the trend.
I'm still on pg.1 of the thread and wish to go thru the whole lot by this weekend.
But i quickly want to know if there's a trading room u guys meet to discuss live setups/trades.
Thanks.Ignored
DislikedSo interesting and promising. Having gone thru the whole page (sitting up all thru the night) i see this as a golden opportunity to add to knowledge and improve my trading skills.
Wonderful Thread, wonderful people and very wonderful teacher we have in Dra.
My first question on this is that do you use any indicator to buttress your entry ( i can see Stochastic Oscillator and some other indis on most charts posted here).
Secondly, i learn better in a more practical way, so please look at my chart and let me know if am getting things right.
My analysis on this is that
I'll wait to see what price will do at the present point on the 4hr tf,(First chart attached) if price holds at the TL and the next candle gives a further bearish candle as per the rules, i go short.
Though zooming down to the 1hr Tf,(2nd chart) i see that a short trade would have been initiated, thus giving an early entry.
Please let me know if my assumptions are right or wrong.
Thanks for teaching and sharing.Ignored
DislikedLikewise, the trendline connecting to 38.2 fib is not valid as there was no lower low formed.Ignored