Eur/Jpy
Usd/Chf
Aud/Jpy
Eur/Jpy
Aud/cad
Gbp/Usd
Usd/Jpy
Nzd?usd
Usd/Chf
some better than others
Usd/Chf
Aud/Jpy
Eur/Jpy
Aud/cad
Gbp/Usd
Usd/Jpy
Nzd?usd
Usd/Chf
some better than others
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DislikedIt is actually interesting how situations like this can be analyzed.
According to what Mortician showed us, it might actually look like a sell signal as price entered area of broken trend line. On the other hand those green candles and quick rise looks like a flag pole which is a signal to wait for the top of the pole break out.Ignored
DislikedAUD/USD. interested?
Personally, i will need to wait for 1,2,3 formation on 15mins time frame at that spot to short. H4/15MINS.
BE trade at 1:1. CLOSE 1st position at swing low.Ignored
DislikedIt is actually interesting how situations like this can be analyzed.
According to what Mortician showed us, it might actually look like a sell signal as price entered area of broken trend line. On the other hand those green candles and quick rise looks like a flag pole which is a signal to wait for the top of the pole break out.Ignored
Dislikedwell, as I said, I just go with the long-term trend. As long as my outest trendline doesn't get broken to the downside, we are still in an uptrend as far as I am concerned.
Of course it could be the start of a downtrend, but in my opinion it's more likely that the uptrend will resume sooner or later.
In my experience, and this is really just my experience, trendline breaks are not that reliable. Very often price breaks the trendline only to resume the old trend.
cheersIgnored
Dislikedwell, as I said, I just go with the long-term trend. As long as my outest trendline doesn't get broken to the downside, we are still in an uptrend as far as I am concerned.
Of course it could be the start of a downtrend, but in my opinion it's more likely that the uptrend will resume sooner or later.
In my experience, and this is really just my experience, trendline breaks against the longterm trend are not that reliable. Very often price breaks the trendline only to resume the old trend later. That's why it's typically so hard for people to...Ignored
DislikedI am thinking of not discussing that strategy here, or, only talking about it when only in the direction of the trend, because it may give people the wrong idea.Ignored
DislikedNew poster here and wondering if this is a possible setup.
4 hr is trending down. A countrendline has been broken on the 1 hr and if price went in the direction suggested by my arrows a sell would be in order?
Appreciate any help.Ignored
DislikedIn my opinion that is not a valid setup. If you look at the h4 chart, you will find that usd/jpy is in a range. You want nice swings to the downside, not a ranging situation.Ignored
DislikedAre there rules that invalidate the setup when ranges occur? As far as the 3 sma's are concerned it would be seen as valid.....?Ignored
Dislikedwell, I think the strategy you mentioned with the trendline break has validity, but I think newbies could get confused, if people start taking anti-trend trades.
Yeah, best is to only trade that strategy in direction of the trend. completely agree
cheersIgnored
DislikedIndeed. You are absolutely right.
Since you are a more advance practitioner of the trading arts. Here is another guy, mr FXEURO on youtube who does something strikingly similar( i stole the video from greenius thread)
http://www.youtube.com/watch?v=mY2pA...layer_embedded
He has more balls though: he sometimes go as low as 5mins trades. Too rich for my blood. He obviously doesnt have the hector spice thrown into the mix just the way i like it. But he still have some solid points. I can see him planning to take the NZD/JPY...Ignored
DislikedEU is also showing flag pole... it is along the trend, so, we have higher probability of at least one more up swing.
AttachmentIgnored
DislikedIn my opinion that is not a valid setup. If you look at the h4 chart, you will find that usd/jpy is in a range. You want nice swings to the downside, not a ranging situation.Ignored
DislikedHi Custos,
pre news action, why not post news action - 15mins after news should be good to get a few pips out of market - possibly for rest of day...
There is a news trade specialist that I know of who posts regular videos on how to trade these setups... It is quite entertaining...
Just a thought...
PIgnored
DislikedBelow is the chart of EUR/CHF monthly FROM 2007. I choose this example because of the many times the CHF bank has intervened in the market, fighting against the appreciation of the CHF. You can see the numerous spikes and angry rallies....what eventually happened? After the noise and whistle, and the billions spent by the SWISS to support their currency, the CHF;...Ignored