Measure twice, cut once
Trading trendlines and chart patterns only 8 replies
Modified, useful MQ4 utilities, indicators, and related tips 21 replies
Are indicators useful? 28 replies
Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies
DislikedBack from Egypt, Hurgada, after 14 days. I'll respond to mails and posts sometime tomorrow along with some picturesIgnored
Dislikedwelcome back aediaz,hope your feelin refreshed and ready for the market madness!!??Ignored
DislikedGbp/jpy; Price closed above potential support. Blue dotted line is 0.5% above support. A bounce from here is in favour, according to my charts, and no resistance until previous LH on daily chart but that doesn't mean it's forced to visit previous LH.Ignored
DislikedWelcome back mate, hope you enjoyed your stay. Now lets get back to bussines. We have 4hr bullish divergence on GBP/JPY as well as other two main JPY crosses. RSI divergence is present and we still need a crossover on MACD, that we will get quite soon i guess. Divergence is targeting previous LH as well, priced in @ 197.417Ignored
DislikedThanks. I missed my charts down in Egypt more than I miss back to Egypt in Norway but I had a great time
It seems like the odds for bulls is starting to stack up. Have a look at weekly chart and see how quickly this area got bought up.Ignored
DislikedYes indeed. Check Igroks cave, as yesterday i posted there a dayly diamond on GBP/JPY and had a debate with him.Ignored
DislikedThis are the 2 trades I took tonight ...I am currently short in the usdjpy and long in the NZDUSD...I used the trendlines as rejection from them...
I am long
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I am short
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DislikedHello aediaz1
It's my first post on your thread and first i want to tell you thanks for your explanations ABC trading
I'm newbies and I need to learn these materials "perfectly" before other steps but that seems hard for me to understand correctly i post my study chart if you have time can you tell me if i'm in the rigth way ?
Thanks
RegardsIgnored
DislikedGbp/jpy; Price closed above potential support. Blue dotted line is 0.5% above support. A bounce from here is in favour, according to my charts, and no resistance until previous LH on daily chart but that doesn't mean it's forced to visit previous LH.Ignored
DislikedHi. Your TL is correct. It should be easier to draw lines if you use closing-price.
Regarding LH etc the easiest way to plot them is by putting them on swings. I'll try to explain with a chart.
I like to plot LH/LL HH/HL on signicficant swings. The first LH/LL you see on the top off posted chart is what I would consider as minimum swings. There nothing anything wrong plotting it on smaller swings, its just a matter of taste and style, IMO. If your still unsure, try and define LH/LL etc with a swing for at least 1%.
Practice your drawings with any backtesting-software. Great way to gain experience and a cheap way to learn too.
Hope this helpsIgnored
DislikedHi aediaz1
I didn't await such a correction thank a lot I don't know if I can ask you more I don't want monopiliser your time you must enlarge your account lol
but if i understood what does it mean "swing" when price move up or down and retrace ? you said try each 1% but for find your signicficant LH/LL HH/HL you can say " each price move and retrace at level ??? fibo retracement you can plot LH/LL HH/HL from high or low ? for find mechanical ?
Thank and sorry for my english
RegardsIgnored