No it is not BR the indi was part of the course a few us took, so it is actually a purchased indicator. And that is the reason it is not posted in the thread otherwise it would be posted here.
--NM
Trading correlation pairs by using the other pairs 751 replies
28 Pairs Trading Panel (Multi-pairs) 0 replies
Export All pairs or selected pairs to .csv with script 3 replies
Daily Bar Analysis - All Pairs/All Welcome 15 replies
Trend Trading All Currency Pairs 3 replies
DislikedHi BR,
No it is not BR the indi was part of the course a few us took, so it is actually a purchased indicator. And that is the reason it is not posted in the thread otherwise it would be posted here.
--NMIgnored
DislikedI don't know if it's worth showing that, but anyways, here it goes.
Attached is the cad/jpy H4 chart.
Purely by simple S/R level trading without thinking of the trend, we could have taken a counter-trend entry after the break of the red triangle. Now there are several reasons why this trade is definitely very high risk.
1. it triggered in the london session, however no european currency in that pair, thus momentum might have been low and the trade could have turned on us.
2. we had news for cad coming out less than two hours from entry, EDIT: the...Ignored
DislikedGood Job Custos,
The AUDJPY pair looks about the same way, and I actually thought about taking the collapse trade, but then I thought better of it. That is a technique I would have to practice for a while before I get into that kind of trading. But you certainly can make an incredible amount of pips doing that.
When trends collapse they go fast. But like you mentioned they are much riskier. So I myself have not tried the trend collapse method, although I have been tempted a few times.
--NMIgnored
Dislikedcustos, in this system, you would wait for a red candle before triggering a sell wouldnt you?Ignored
DislikedHI guys looks like we might be seeing a reversal here. This is the 1 hour chart. Kind of a sloppy HnS possibly.
--NMIgnored
DislikedAttachment
this is a nicer h&d with a nice pull back.
anyway my trade yst one went aud/usd went be and nzd/usd lost 10 pips. i moved my sl after it went up by 20 pips as i thought the trade is going out of exhaust.Ignored
DislikedIs it me or are some of the yen pairs setting themselves up pretty nicely. It looks like the AUD/JPY is bouncing off of resistance at 84.00.
Ignored
DislikedWell Guys I took a trade I would normally not have taken, but the setup looked pretty good. But I do not always believe what I see during this Asian session but I took it anyway.
I used the 4hr chart for a setup chart and the 30 min chart for the trigger chart.
--NMIgnored
DislikedYou are seeing this correct, they are getting setup quite nicely, I was looking a the E/J but the retracement just has not gone far enough for me yet.
--NMIgnored
DislikedThanks NightMoves. It's good to hear I'm reading the charts correctly as I learn.
Are you using the 4H as your setup or the 1h?Ignored
DislikedOn the E/A I used the 4 hour chart as my setup, and normally I would use the 1 hr as my trigger but I used the 30 min this time around.
--NMIgnored
Dislikedthis one looks pretty close to some majoy weekly support. i'm guessing your plan was just to hold this to the last daily swing low at 1.5520 maximum?Ignored