If strong price action in the form of an evening star / bearish engulfing occurs around the blue region, I would take a short position on this pair.
My Go To Trading System (Tribute to Currencia) 541 replies
Tribute to Madlen and other good programmers- Correlation indicators 2 replies
DislikedIt looks good on your chart, but i have a very different chart on mine, price seems trapped between down weekly tl and up daily tl.
Anyway, these 2 weeks have been rough for my trading, i have suffered 4% drawdown on my accont so far, =(Ignored
DislikedHi Soya,
Which trade caused the draw down? Would it be possible for you to post your chart and thoughts here.
Mate hats off to you to confess you lost money. Very few people can openly admit that they have lost money. I respect you Soya for your frankness.
Thanks.Ignored
DislikedSoya,
Just thought I would post my charts for the week.
These are the pairs that I am looking at for the time being.
Please let me know what you think...and yes you were very right about the CAD chart. I only drew the 4HR trendlines.
Excuse some of the comments...
Thanks.
PS: Trendlines - Red is monthly except on 1 chart where I have mentioned 4HR, Yellow is weekly, Green is daily, Blue is 4HRIgnored
DislikedI agree with you Soya.
Thanks for posting your loosing trades. One gets to learn more from them than the winning trades.
While you have lost out on trades which you think you could have avoided, I have lost on on not taking trades. I need to loosen up a bit.
While I lost the trendlines on my charts, I have had to redraw them. Surprisingly they are in line with your thoughts on the charts above.
I will post them tomorrow - maybe they could help others to know how important it is to draw the trendlines correctly.
Thanks.Ignored