DislikedI have deleted all the pics of hot Brazilian bundas...well not all of them...but I won't post them anymore.Ignored
thanks
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DislikedI have deleted all the pics of hot Brazilian bundas...well not all of them...but I won't post them anymore.Ignored
DislikedWell, market opens in a few hours.
AUD/NZD tt trade at 1.2805 will suffice if TT rules are met.
I like how AUD/USD from last week is now at 0.8980
http://www.forexfactory.com/showpost...postcount=4234
TT trades rock!
Wonder if EUR/USD will go down after opening..from 1.36137 or if USD/CHF will go up after 1.0745. I dont consider these two to be TT trades giving weekend open/friday close. It makes no sense to me to start taking trades after 12pm EST on friday, TT or otherwise.
It is too early to say... but i wont...Ignored
DislikedThe EURUSD is in an interesting spot, right at some good resistance, however the retracements have been getting deeper over the last 3 retracements and pullback up and past the breakout, maybe the bears are losing their grip on this pair?
--NMIgnored
DislikedI see what you mean...but, one can also see that as a flat bottom triangle that just broke out, now testing the breakout point, preparing for a new down thrust.
Ah, technical analysis...soo many different ways of seeing the same darn thing!
ON AUD/NZD....i agree about those bloody wicks...in fact, if you look at 177 videos of hector on youtube, majority of his failed trades are in AUD/NZD or EUR/CHF. But...i am getting more confident in using TT trade to nail the exact reversal or re-continuation point....oh yes, AUD/NZD is at the weekly high....Ignored
DislikedHi Adrian,
When in the long term trades of course the intraday levels really do not mean anything, and it is all S/R, and following the 75% rule can keep you in a trade a long time, basically what you do is measure the last impulse wave, and as long as you do not get a full candle close beyond 75% you stay in and ride the next impulse, and then move your Fibonacci lines to the new impulse and start all over again.
It always nice to take some profit out of the trade in case it does do a 180 on you then you still scored some profits on the trade....Ignored
DislikedHey NM..
Nice .. thanks for the tip on the 75% Fibo rule mixed with the ADR in the long term charts as I prefer them now rather than the shorter TF's..
Do you by chance blend some sort of price action Pins, OB, IB, Bearish OB or Bullish OB in with the trend trading off the moving averages if near them or away from them in some way even ignoring the MA's at times?....
What sort of Trade management would you use on that?
cheers,
AdrianIgnored
DislikedNo I dont use OB.or IB or any of that, especially if they are just off the MA lines, I try to keep it as simple as possible, one can make trading as complicated as they wish to or they can make it as simple as they wish too, and I would rather keep it as simple as I can. All I need is a good trend and good S/R levels a few drawn trend lines, some RN's and I am good to go...
--NMIgnored
DislikedCheers thanks for that NM, i can see your point..thought there might be an easy way to use them with this method just a matter of when and how to use them..
AdrianIgnored
DislikedNo I dont use OB.or IB or any of that, especially if they are just off the MA lines, I try to keep it as simple as possible, one can make trading as complicated as they wish to or they can make it as simple as they wish too, and I would rather keep it as simple as I can. All I need is a good trend and good S/R levels a few drawn trend lines, some RN's and I am good to go...
--NMIgnored
DislikedThe USDCAD looks like it is in full breakout mode at the moment on the hourly chart...
--NMIgnored
Dislikedi can see that...and if it is an asian currency, i will be interested...but i am inclined to not take polygonal formation breakouts in USD/CAD outside of LOB or 8am to 10am US est time. I expressed myself clearly below link:
http://www.forexfactory.com/showpost...postcount=4292
Oh yes, on the EUR/USD and the USD/CHF....EUR/USD gapped open(just as you predicted)...despite my bearish take on it i wont/cant short it at gap open, due to friday close/weekend open..negates all TT trades there. The same for USD/CHF...went to a...Ignored
DislikedI like the setup of the AUDNZD the only thing I do not like about that pair is the long wicks on those so innocent looking candles, I usually avoid those long stringy candles, just about the time you think your in the clear, they attack....
--NMIgnored
DislikedI would also avoid a pair with long wicks as it due to high volatility which can close a trade out easily.Ignored