Hi all, looks like we are at the bottom of a channel here + some bullish divergence.
Lets see what happens with price of coarse, thinking long here.
Lets see what happens with price of coarse, thinking long here.
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DislikedHi kokopelli,
You make a very good start to begin at post#1 and work slowly through all the pages and posts. That's the approach and a very a positive attitude. I am sure you will trade well and get even better going forward from now...Ignored
DislikedDuring the backtest of last 3 months I noticed a high risk of false Asian range break by the first London candle.
Did anyone noticed the same?
I seem to recall X-Man said he prefers to trade the second London candle and the first NY candle.Ignored
DislikedGuys, nice Head & Shoulders pattern on NZD/USD H4, neckline got re-traced and now heading downwards, 1stTP is 200 EMA next TP is the 76.4 FIB...Ignored
DislikedHi,
Usually I do my trade planning over the weekend before NY open. Living in GMT+8 time zone give me a head start.
I will observe how NY open and I use GMT+0 as my chart baseline no matter which broker server data feed I get from. I treat the Sunday candles as one separate day and Tokyo open on Monday as the new day of the week. I stick to this for consistency for all my trading systems. Some people argue that Sunday open must the the start of the week, etc. It is a matter of preference and must be taken into consideration when we design...Ignored
DislikedHi Awin.
great trade with PA H&S setup.
although what looks like s support zone near 0.8245, may not hold with stronger sellers jumping into this.
technically, this trade has potential loking at D1 and W1 to run down.
I see if it breaks 0.8258 closing today with be good confirmation sign for further flow down.
Trade management is now key to profits.
Good Trading !Ignored
DislikedHi all, looks like we are at the bottom of a channel here + some bullish divergence.
Lets see what happens with price of coarse, thinking long here.Ignored
DislikedGuys, nice Head & Shoulders pattern on NZD/USD H4, neckline got re-traced and now heading downwards, 1stTP is 200 EMA next TP is the 76.4 FIB...
Guys just a concensus about ECN brokers, I just opened an ECN account and it's my first time to open such. Everything's okay so far with execution, but the limit orders are a bit a question though, because I can only open a limit order which is 100 pips away from current market price....is it the same with you guys who have ECN accounts?
Thank you for anyone responding....Ignored
Dislikedjust alittle confused with the breakout option, during the 1st two candles of the LO, its still considered Asian session as the asian session interlaps the london session. so is the price breaks out during those 2 candles, could we really consider it a break out. Or do we wait for the asian session to completely end before looking for the breakout?Ignored
DislikedNice analysis , I was looking at the very same thing. the bulls want to come out to playIgnored
DislikedHi ljin,
few things you must know how I trade.
- I have my Big Picture in my view all the time.
- I look at D1 every day opening,
- I look at H4 charts all the time.... every 4 -hours, seldom sleep more than that in 4-h sleeping slots. trader's life sounds miserable saying this.
- I time my trade entry using H1.
- for intraday, I use the daily pivots and weekly pivots, no EMAs although these are useful to many traders,
-
for todays trade, H4 'trend' or flow is down. So the higher probability is continuation. Asian stock makrt bullish...Ignored
DislikedNice analysis , I was looking at the very same thing. the bulls want to come out to playIgnored
DislikedNice analysis , I was looking at the very same thing. the bulls want to come out to playIgnored
QuoteDislikedGuys just a concensus about ECN brokers, I just opened an ECN account and it's my first time to open such. Everything's okay so far with execution, but the limit orders are a bit a question though, because I can only open a limit order which is 100 pips away from current market price....is it the same with you guys who have ECN accounts?