i am the lord that giveth thee power to create wealth.
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- Oct 29, 2012 12:05pm Oct 29, 2012 12:05pm
i am the lord that giveth thee power to create wealth.
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Dislikedthis setup looks good, on cadchf .50 percent fibo holds.. sm3 rules triggered entered short. any controversy?Ignored
DislikedHi guys..not doing much trading today..US markets closed for hurricane..light volume.. took only this one as we broke below the EMAs.
There is another reason for taking this trade, related to Dean Malone's TDI indicator on H4 TF (green yellow cross) which is not the matter of this thread, but it happens to be a reliable pattern. Therefore a 50 pips stop. There are not many of them and i will post it below.
Trade smart,
CiaraIgnored
Disliked
It looks that way, mate. Using the time for backtesting your method on other pairs, futures markets..It looks PROMISING!!
Cable short half off the table 40 pips booked, the rest will let run on H4 setup.Ignored
DislikedGood one Ciara...
Nice to hear that it works on other markets as well....
Cheers,
FX-ProIgnored
DislikedDid you go through the basic concept of this method....
its not a safe entry immediately after a support turned as resistance or a resistance turned as a support, instead you should wait for a pull back after the cross..... that is the safe entry.... wait for a proper bounce always... it may be positive trade for now but not always....Ignored
Dislikedno i got caught out by excitement, i thought just after that bar had dropped going through that resistance line i noticed a bit of a bounce back looking shape before that bar and just jumped in. need to breath and chill a bit: oh well hahaha all about learning. Sorry guys haven't got my lingo down with FX language yet not sure how to describe certain spots and that. Im in australia as well so as soon as i went to bed looks like i missed out on all the chit chat hahah. Only have seen the hurricane news on the tv this morning, hope everyone is...Ignored
DislikedDear,
will it be a valid entry if this candle close about 8-72-200 ema?Ignored
DislikedHeh Guys I Tried My Level Best to Post this before entering.... but i couldnt as the Forex Factory server was fully loaded....
I'm So Sorry for that....
i usually don't enter when there is a news... but the Momentum made me to enter this one....
here is my entry...
Cheers...Ignored
Dislikedlol awesome response, well what i see is looking at the bigger picture i see the other peaks and lows and i can see how the rebound effect can come into play here! but because it has passed the 200ema so much i got a little scared. the orange box is that where you think it could go to due to the other previous low??Ignored
DislikedAre you trading demo or live account.If live I suggest you demo for some time.
Better losing fake money then real until you understand Forex.
Best advise I can give.Ignored
Dislikedbetter reduce the account size to reflect potential live account size for example 5k demo 5k live.
This way you are not learning bad habits from 10-100k demo account which could become devastating on real live account.Ignored