Took a long position on the E/J and captured 30 pips, and am now waiting for a test of the resistance/support at 129.38, which is a price level between the .50 and .618 fibs. A possible barrier lies at 130.06, which looms ahead.
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DislikedTook a long position on the E/J and captured 30 pips, and am now waiting for a test of the resistance/support at 129.38, which is a price level between the .50 and .618 fibs. A possible barrier lies at 130.06, which looms ahead.
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DislikedHey Hercs,
I'm pleased that someone is finding my amendments to the original version (by Eli Hayun) useful. The only issue that I can see from using fractals with this method is that they need to be used with some minor discretions....Ignored
DislikedHi GE,
Would you mind drawing a vertical line at your pont of entry in stead of the cross-hairs to the left of the chart, please? That way it is easier for us to see your reasoning / action.
Many thanks in advance.Ignored
DislikedYep could wmd possibly elaborate on the 100% aspect? I still only see that we have high probability trades at best?Ignored
DislikedYep could wmd possibly elaborate on the 100% aspect? I still only see that we have high probability trades at best?Ignored
Dislikedonly!
Hey Sim do us a favour. Google 'Holy Grail'. You'll find what you want there. Good luck!Ignored
DislikedNot to answer for the thread starter but, to me, a method that works (i.e. is profitable) 100% of the time can still produce a small percentage of small size losses.
Over a string of trades you would be net profitable.
The key is to have this be consistent over time - then you would have a method that is 100% profitable.
Have a nice weekend folks!Ignored
Dislikedgy in buy zone 143.20 - 142.50. we posted this level a few days ago.
ltl is taken from daily.Ignored
DislikedSome of the levels that have been posted to me are a little subjective - so, like any system I guess it is truly finding the best or right ones to trade...how can you ensure you pick a valid level, some don't always seems 'Clear cut'Ignored
DislikedToo add to the discussion about failures or trades that didnt work out so well...can we talk about GJ which totally crapped out..I guess there was some harsh news with Dubia last week.
Price did test 143.20 and 142.50 briefly and you could have taken something at 142.50 but utlimatley the levels didn't hold... that well....also if we look at the weekly charts maybe there are some buy zones that look relevant there for this week...
For me the main issues with this method at present are :
Looking at larger times frames and being able to look...Ignored
DislikedAt least your only missing an R, I got shorted a GER.
This post isn't aimed at you troopercooper---I just quoted you because your missing the R
I like your charts. If i understand wmd's trade setup, it requires a hook back to an untested breakout for a high probability trade. Price will likely retest these areas, but the high probability trade requires the hook. I trade off of S&R and fibs so I take other entries, but wmd has shown me something I hadn't seen as relevant.
Here are the points of interest IMHO for the GBP/USD. Keep in mind that...Ignored