DislikedCalled my broker and they wouldnt confirm or deny. Actually just spoke to after hours support. Anyone know their reason for this.
FreebeansIgnored
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DislikedCalled my broker and they wouldnt confirm or deny. Actually just spoke to after hours support. Anyone know their reason for this.
FreebeansIgnored
DislikedMate I understand where you are coming from, and I have the same thoughts at times. I am not a great believer in moving averages, but where support/resistance and trendlines come intto it along with round numbers I am. Technical analysis was explained to me as mass psychology.....everybody looks at them so they become self fulfilling prophecies if you like....the only reason they really exist is becasue we all look at them, therefore you are forced to take them into account when you enter a trade....its just a matter of...Ignored
Disliked
Yeah - I think when you take a few hits, you start questioning things. I am beginning to think the mass psychology argument is flawed though. We are all looking at the same lines, but we are still not trading full-time. I am busy shorting the Aussie at the moment - hopefully I will re-emerge in a better frame of mind. Onwards and upwards.Ignored
Dislikedyou entered on the third candle....the candle was tiny, and you entered directly into support if you look just to the left.Ignored
DislikedI trade the H4 charts, so i move one time frame up (D1) and mark previous swings as S/R i also mark big round numbers. I dont worry about previous day hi and low, just look at daily chart and see how many inside bars you can find. I dont like pivot points or fibs, they seem to be abitrary to me, as someone else already pointed out, they dont git hit more times than they do.
Go ahead and mark all round numbers, majour swings, previous day high and low, fib levels, daily, weekly, monthly pivots on your chart, then see if you can find a trade bigger...Ignored
DislikedSo what I plan to do is....and this is MY take....I will spot a setup.....click up a chart to determine overall trend.....then click down a chart to confirm the tdi matches, check and MAJOR lines of s/r and round numbers nearby on my trading chart and if it all fits...go for it.Ignored
DislikedI opened this short for similar set ups in 4-5 pairs yesterday. nothing wrong with the set up. but they all stopped out. and I gave my all 300 pips profit last week in a single trade.Ignored
DislikedJust a quick reminder to everyone that BigE prefers to trade during 10 pm-6.00 am Pacific Time. This way we avoid ranging times.Ignored
DislikedYour setup was so amazing.Pls can you teach me how you set it up how you make use of it,mostly your TMS TDI.Thnx. Mecherine.Ignored
DislikedOk just a bit of info for everyone (including myself) that can get bogged down in s/r levels etc etc.
I have been reading some of BigE's other posts that led him to creating this method of trading and I came upon something that gives me a little more comfort when looking for this stuff.
He does NOT go up a time frame....to find important s/r levels he simply looks to the left at the closest swing up or down and any significant levels (round numbers) You can get an indicator (which he suggested earlier) which highlights your chart round numbers....Ignored
DislikedDean can u tell me more on your suggestion on BigE's method of getting round up number for a chart.Which indicator did BigE suggested which can highlight chart round up number.Thnx. mecherine.Ignored
DislikedDean can u tell me more on your suggestion on BigE's method of getting round up number for a chart.Which indicator did BigE suggested which can highlight chart round up number.Thnx. mecherine.Ignored
DislikedI opened this short for similar set ups in 4-5 pairs yesterday. nothing wrong with the set up. but they all stopped out. and I gave my all 300 pips profit last week in a single trade.Ignored
DislikedWhich equates to 8 am to 4 pm LONDON TIME , which is understood easily by all and makes the concept totally unstandable by many!Ignored