DislikedHello my friends I'm back again and I'm going to be back all weekIgnored
that sounds great...
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DislikedI'm sorry HDA I don't agree with you here.
I can make easily 20 pips scalping in the hours that you say: DO NOT TRADE.
There is no such thing as placing trades only at 4 hour intervals
You place trades (at least I do) at critical support and resistance levels.
They hardly ever come at the same time as your 4 hour schedule.Ignored
DislikedHDA,
I just say THANK YOU for your analysis.I watching you every day and your great work help me in my trades.Once again,THANK YOU,HDA for your great work.Ignored
DislikedHI HDA,
i read all your posts several times and always get a new thing to learn, belive me since ive joined this thread (thanks to KW) ive already learned alot from u..read the four agreement a lil bit and yes i dont keep my word in trading i always change my plans : my main problem is psychological and panicking and then make wrong decisions.will try and work on it..the way you told me to figure out the support and resistance in 4H and D1 with blue n yellow lines , i also did that and everything started getting clear..
i am learning from your posts...Ignored
DislikedHI HDA,
i read all your posts several times and always get a new thing to learn, belive me since ive joined this thread (thanks to KW) ive already learned alot from u..read the four agreement a lil bit and yes i dont keep my word in trading i always change my plans : my main problem is psychological and panicking and then make wrong decisions.will try and work on it..the way you told me to figure out the support and resistance in 4H and D1 with blue n yellow lines , i also did that and everything started getting clear..
i am learning from your posts...Ignored
DislikedShort informations of this type of analysis:
Advantages:
1. It's based only on price action (no indicators, no oscillators)
2. It's simple as it can be (there are only one support and one resistance aka pivots).
Additional info:
The red area have bearish implications, the gray one - neutral implications , corrections or sideways market and the green one - bullish implications
One major advantage would be the targets, on neutral bias the targets are shorter and on the other two biases: bearish and bullish the targets are...Ignored
Disliked@KillerWhale:
Understood and thank you for the invitation.
@shawn3245:
What I am teaching you here shawn3245 is that with minimal effort and attention towards the forex, you can live comfortably off of it without being distracted from your family life or even work. You can actually still work and trade if you choose.
Here's an example:
If in your scalping account you have US$100,000
Each trade you place using a leverage...Ignored
DislikedThanks for the great posts and the pms. I spent the weekend with friends at a Milwaukee brewer baseball game and spent today moving from out condo we sold. Our rental doesn't have Internet and won't have it until at the earliest tuesday and the latest next weekend. This means no trading for me this week and minamal posting because I'm doing this on my phone. I will re read everything once I have my computer up and running. I might make it to a place with wifi tomorrow but can't promise anything.
ShawnIgnored
DislikedReally enjoyed reading the previous posts and some great analysis by HDA and Killer - wanted to ask for some opionions here. If I were to enter a trade here based purely on chart - would this not be an ideal zone to short the pair? The TL and RSI along with MACD paints that picture to me - but what would you gurus say about it?Ignored
DislikedIt's far from me the thought to be a guru. Even so, I allow myself to present my opinion regarding your channel approach and I want to emphasize that, in order to draw a channel and not only, you need to report yourself to a time span.
As an answer I have attached this image, down bellow. As you can see I have related to a 3 period time span (between the two vertical blue lines), and it looks like this.
Attachment
And you can put it on any time span (perios), all you need is to check the Properties -> Show periods separators and...Ignored
DislikedThanks for this great bit of invaluable info. I hadn't really put much thought into those but a simple chart with price action will no doubt be a good way of seeing the overall picture.Ignored
DislikedReally enjoyed reading the previous posts and some great analysis by HDA and Killer - wanted to ask for some opionions here. If I were to enter a trade here based purely on chart - would this not be an ideal zone to short the pair? The TL and RSI along with MACD paints that picture to me - but what would you gurus say about it?Ignored
DislikedIt's far from me the thought to be a guru. Even so, I allow myself to present my opinion regarding your channel approach and I want to emphasize that, in order to draw a channel and not only, you need to report yourself to a time span.
As an answer I have attached this image, down bellow. As you can see I have related to a 3 period time span (between the two vertical blue lines), and it looks like this.
Attachment
And you can put it on any time span (perios), all you need is to check the Properties -> Show periods separators...Ignored
Disliked@Unknownpips:
Killerwhale in one of his previous posts says that he buys support and sells resistance. If you are an agressive trader you can immediately sell resistance and go short. You can also wait for confirmation to go short.
It's really a personality issue. What you and your account can tolerate.
Shorting resistance is not a bad plan neither is waiting for conformation to short it also.
I have found it's alot less stressful to just wait for confirmation. Waiting for confirmation...Ignored