German news are killing me on Euro
My path to financial freedom 17 replies
Singapore trader's journal (the road to financial freedom) 8 replies
My Path To Financial Freedom 221 replies
Trade Your Way to Financial Freedom......... 10 replies
Dislikedcool,lovejoy80. just a bit more understanding, is it correct to see the trade direction synchronize the trendline slope? I mean, if short, then a falling TL, long with rising TL?
jeurreIgnored
Dislikedit seems breakout trades make more sense to me. retrace play is still my weak area so far, had a series of 3 loss in a raw trading retrace todayIgnored
DislikedLooks good ... why play EU and U/CHF though? They are heavily correlated so just play 1 and increase risk?Ignored
Dislikedwhere is second connecting point 14th April?
The TL that was valid until broken was December - Jan - March highs i.e. a TL with three valid touches and rejections...moving the TL to touch the April high is curve fitting IMO and it only has 2 touches.
Personally I would not give much weight to the TL...Ignored
DislikedI dont trade this pair...but here is what my chart would look like.
I dont like that TL and would prefer a falling trendline or a round number as further confluence...i.e. as much confluence as possible in order to take this....not to say it might still work out but for the really good touch trades you need as mcuh confluence as possible...personally I like TL, fibs and clear PPZ if we havea round number and divergence then that would be superb! But I like PPZ and fibs as an absolute minimum but more comfortable if round number or TL is there...Ignored
DislikedYeah...just like the GU trade setup and look at the E/A setup Nasir posted earlier this morning.
Where a falling TL meets a clear PPZ area with 50/61 fib confluence this is one of the setups I like (learned from Nasir and Rac). If you can have the PPz on BRN and have divergence too then this would be a great setup.
Also look at other correlating pairs e.g. Oil for CAD, Gold for AUD and Dow for JPY to give us clues i.e. when things are all alligned...Ignored
Dislikedlol..what is this...just loaded it. What does it use to predict the future price?Ignored
DislikedYes it is some future price indicator but it can show you areas of confluence. SO dont use the indy for trades. It is more for people who find it a bit harder to spot them right away who need to learn more. And cant spot them right away( Like a bit myself now)
Oke here is a example ho to use it
http://i40.tinypic.com/29b2ebk.jpgIgnored
DislikedIgnored
DislikedI couldn't think of what to call my journal so I decided to just call it the reason behind why I trade...well not the only reason, but the ultimate reason - to make money, to be financially independant and to be my own boss.
This journal will detail all my trades taken whterh intraday or long term, setups I am considering andsome slef critiscism of trades I take or miss. The latter is the reason behind this journal - somewhere where I can keep a log (pictorialy) of my trades and thoughts so I (and others if they so wish) can look back and review...Ignored