DislikedGreat thread Ghous! just don't understand why it wont let me subscribe....Ignored
g.
I believe . . .
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DislikedGreat thread Ghous! just don't understand why it wont let me subscribe....Ignored
Dislikedhi Ghous i just want to ask that above in gbp/usd 4h chart (marked circle ) price move down and break the support after that 2 3 bar retouch that spport, is it a confirmation of break out , just for learning purpose, thnx{image}Ignored
DislikedIf I'd have known close above a trend line means traffic isn't a big problem I would have taken this trade last week. There were a lot of good trades last week on 4hr: CAD CHF, AUD NZD, Gold, EUR MXN, maybe USD CHF pin bar (but I wouldn't have traded it). {image}Ignored
DislikedOne for the watch list. I am looking for a nice close under the 17.7 {image} g.Ignored
Disliked{quote} Come On Ghous! how about a pair that I can actually trade? My broker doesn't even have that pair...lolIgnored
Disliked1. 9th oct - daily fakey 2. 10th oct - price broke out of the trendline and closed above 150 ema and the brn 15000 3. 4 hr chart - price closes above the high of the consolidation box followed by retest of brn 15000 4. MACD divergence on daily chart 5. stop order executed when price broke the high of the 4 hr pinbar 6. fta - price might fill the gap and bounce back south again. I plan to take half profit when price closes the gap and trail the remaining half. Neytiri {image} {image}Ignored
Disliked{quote} Hey Neytiri, Again delaying the entry so far off isn't what I am looking to do. For me it really counts to be able to get as near to the LLS/HHR point as possible. For example that 4H close above the trend line would be a more appealing entry for me than where you took it as obviously that gets you in at a better price, and its logical because you're essentially using the channel breakout dynamics to add to the story that began off a fake out at a crucial area. g.Ignored
DislikedThanks Ghous. Can you share with us your observation about the performance of this strategy over the last couple of years you used it? Please give details as much as you can. Appreciated.Ignored
Disliked{quote} Well, CAD/CHF would still have been a no go for me off of that bar. I had my eyes on that PPZ just above (refer to chart below). Trend lines breaks don't mean that you can take any kind of horizontal S/R coming in the way totally for granted. It just means that price is more likely to push through them as trend line traders would jump in to add to the muscle. You can use your trend lines for confluence and developing story lines and scripts but I would never get off on a tangent so as to consider the region away from the trend line break...Ignored
Disliked{quote} Hi Ghous, I did not take an entry immediately after the fakey pinbar was formed because I was wary of the consolidation box in the left. I thought that price might just get trapped in that zone or might move down due to previous downward momentum. So I waited for price to breakout of the channel. Now even after it closes above the trendline in the 4 hr chart, price is still in the zone defined by the consolidation box. If a long order is placed immediately after price closes above the channel, it is possible that it could just be a false...Ignored
DislikedThanks Ghous. Can you share with us your observation about the performance of this strategy over the last couple of years you used it? Please give details as much as you can. Appreciated.Ignored
Disliked{quote} Performance of somebody else will not help you because its always luck involved also and everybody chooses different setups ;-)Ignored
Disliked{quote} Do you think it's not possible to make a profit if you trade trend line break outs? Last summer I wanted to trade this EUR USD trend line after the BEOB closed below the trend line (I was trading with stop orders then and I didn't lose), do you think it's not good to trade directly into that major swing low? {image}Ignored