Hey Geppy, thanks for those one-touch updates. I am patiently waiting, we'll see how they go. I wonder how long it will take AUD to reach that price. I never expected it to break 93; way to look ahead
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DislikedI did buy cable on this dip but did not post so there is no meaning of posting my trade now...
I have shorted at the first red line...and will continue to add further shorts...1.5380
Holding EU long from 1.3344 as per this morning's trades posted of FXlions thread...
Have a lovely day
Current Status of trades:
Eu long @ 1.3344 -+100 pips
Gu short @ 1.5380+30
GeppygIgnored
DislikedJust for info, GS apparently have sell orders sitting at 134.2. According to forexlive.comIgnored
DislikedHi Geppyg,
I have red the entire thread and it looks really nice. Thank you for strating it . Your chart anylisis looks to be simple as you not using any type of indicator. As i understand it and please correct me if I am wrong, your anylisis is based of trend lines, support & resistance and break outs.
You wait for the 4 hour candle to close outside the lower ltl to short or utl to go long, right? You do not use any Fib levels?
The only thing I do not understand is how you predict certain movment off of a daily chart. I also saw that you are...Ignored
DislikedCurrent Status of trades:
Eu long @ 1.3344 -+100 pips
Gu short @ 1.5380+30Ignored
DislikedHi mel,
I trade what I see and that is price action...
I have been staring at these charts for over 7 years now 24 hours a day so what happens is you get used some certain movements.You might also see that I do not post every day but only when I see certain setups....
Complicating your trading by using 100's of indicators is not the way forward imho and Pa can go less wrong then TA..
Use a weekly chart for idea of trend
Use a daily chart for idea of Price action and entry
Use a 4 Hourly chart for Actual entry
Use a 15 min chart for...Ignored
DislikedHi mel,
I trade what I see and that is price action...
I have been staring at these charts for over 7 years now 24 hours a day so what happens is you get used some certain movements.You might also see that I do not post every day but only when I see certain setups....
Complicating your trading by using 100's of indicators is not the way forward imho and Pa can go less wrong then TA..
Use a weekly chart for idea of trend
Use a daily chart for idea of Price action and entry
Use a 4 Hourly chart for Actual entry
Use a 15 min chart...Ignored
DislikedHello Geppyg,
Thank you for sharing your time and hard earned knowledge. I am trying to understand your approach to drawing trend lines.
On the EU chart:
1) Why did you start the trend line on 3 Feb versus seven days earlier on 25 Jan?
2) Why did You use the 12 Feb high instead of the 17 Feb high three days later? (Interestingly, your point - also the top line of the box - ended up being the monthly r1 pivot point.)
Is this about having a 'feel' for the price action based on experience or is there is something in your methodology I am missing....Ignored
DislikedHi Artie,
Is it possible for you to post a chart to explain your query as I cannot see a trendline starting from 25th.Let me show you what I mean on a chartIgnored
DislikedHi Geppyg, hope all is well.
I would like to know your idea bout the gap on E/U and U/Chf.
Regards
ShahabIgnored
DislikedI hope all is well,
Here is my current short term view on the euro..
Good luck ...
Please be weary on trading cable...at the momment.
Take Care
More Charts to follow
GeppygIgnored