No, closed my short at 210, thought that the double bottom would mean something, and played long, but that did not give much. So I mostly missed that nice downmove. But it was ok anyhow...
Drawing Correct Trendlines 58 replies
Drawing Gann Grid in mt4, the correct way 3 replies
Drawing correct S/R and pivot 8 replies
Drawing Objects vs Drawing lines 1 reply
Drawing support and resistance lines 4 replies
DislikedTempted for a long on gbpusd. If it falls abit more down to support and I get the price I'm looking for. You still favor a break ?
Edit: Never mind, just look at the PA. Too much selling. Calling that long off. Doesn't matter if it goes up.Ignored
DislikedNo, closed my short at 210, thought that the double bottom would mean something, and played long, but that did not give much. So I mostly missed that nice downmove. But it was ok anyhow...Ignored
DislikedI think not many people expected the kiwi to go higher after rising for one month without any real retracements.
But TA and pattern recognition does its job, and does it very well, check out the screenshot attached! The target is high I know but it's based on strict rules and it may take a week or two to get there. Move your profit protective SLs from time to timeIgnored
DislikedGotta love trading within a strong trend. Your trend-lines are strong and valid too.
A little update on guppy, expecting trend to continue down if this resistance holds up.Ignored
DislikedThe horizontal line on your screen happens to be the daily S1 today also! And the weekly pivot line!! Triple power --> triple chances that it doesn't get broken --> triple chances for good money. That is exactly what happened now and it's already +60pips for meIgnored
DislikedNot many anticipated cable to fall like a huge rock today but price action is "überalles". As always. You don't need news and indicators and other ways to fill up your charts with useless BS just look at the charts, draw a maximum of 2 lines (correctly) and one or max two fibs.
I sold at the blue circled area because of the breakout, SL was up at the resistance line and now it's still riding at +73 pips and god knows how much more we can take.
I hope you guys sold at the same level or even before.Ignored
DislikedNot many anticipated cable to fall like a huge rock today but price action is "überalles". As always. You don't need news and indicators and other ways to fill up your charts with useless BS just look at the charts, draw a maximum of 2 lines (correctly) and one or max two fibs.
I sold at the blue circled area because of the breakout, SL was up at the resistance line and now it's still riding at +73 pips and god knows how much more we can take.
I hope you guys sold at the same level or even before.Ignored
EDITING FOR IMPROVEMENTS:
If possible, this thread could improve abit if we had some different folks posting different pairs. As I feel we have shown how efficient drawing correct S/R lines can/have been.
Like myself, I have gbp/jpy covered, and Mark is good at posting update on gbp/usd. Traders with at least 1 year of market experience would be preferred to keep analyzes most reliably. If you have less experience don't hold back with your charts if you feel it could give a nice point of view or to learn improving your S/R drawing. Don't get scared off posting same pairs, as I'm far from perfect !
A heads-up at either London start of NY start would be educational.
Give your responds with PM or just posting your chart with a small notice.
DislikedHi ,
I have a question if somebody could help.I was wondering which Trendline here is more reliable?
TL NO.2 the horizental Green one or NO.1(Orange)which is drawn from left low to right high?
Thanks
MikeIgnored
DislikedDid anyone trade euro today? There was a nice short setup, and the move was exactly as expected.
Note that this was a countertrend trade. If you want to minimize risk, don't take trades against the trend. In this case you could have ignored the short trade, and gone long when the price bounced from supporting longer trendline.
R
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DislikedDid anyone trade euro today? There was a nice short setup, and the move was exactly as expected.
Note that this was a countertrend trade. If you want to minimize risk, don't take trades against the trend. In this case you could have ignored the short trade, and gone long when the price bounced from supporting longer trendline.
R
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