My other active trade..almost in profit
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DislikedGood call on EURJPY (and the rest as well). If you don't mind me asking, how do you determine your R/S levels?
LG said she does it based on PA only, do you do the same?Ignored
Hope this helps.
DislikedHi qweretyq, that's such a good question and LG had a great explanation for it. I do the same thing , analyze S/R levels on multiple time frames and adjust my TP accordingly.
Here are some of my rules that help me determine S/R levels and try to follow as much as I can:
[list=1][*]3T's – to be valid S/R line...Ignored
Dislikedgreat explanation and analogy. Like someone said earlier " so much clarity in your answers" . Thank you for taking the time out of your busy schedule to help us out in our forex journey.Ignored
DislikedI [...] walking home from school was...you knew where you were going, but you took your time getting there [...]Ignored
DislikedI'm glad that made sense. I wasn't sure. R/S can be a very hard concept to internalize.Ignored
DislikedProbably the hardest, I've always been told that Forex is a S&R market and drawing those lines has always been a challenge. I have a small book in pdf format that i found very helpful. Check it out here:
http://www.amazon.com/Stikky-Stock-C.../dp/1932974008
If anyone is interested i could post it to the thread or just email it if size is an issue with FF.Ignored
DislikedThat looks interesting, and it's not expensive at all, I'm reading on Trading psychology now, but every new knowledge is always welcome. Thanks for the advise.Ignored
DislikedWelcome.
Looks like EURJPY is testing 117.00 level again. Short term resistance around 117.20. I'm going to stay with this one, I'm +35 and move my SL to break even.
There's a 3T H4 setting up also i"m going to use for confirmation
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