Disliked{quote} Thanks nods80 (structurally, I see a nice 5-wave move on the D and (fractal) higher TFs, just my 2pips... LOL!!!)Ignored
What does 5 wave move on the D mean or is it really simple?
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Disliked{quote} Thanks nods80 (structurally, I see a nice 5-wave move on the D and (fractal) higher TFs, just my 2pips... LOL!!!)Ignored
Disliked{quote} Hi Griffinssoul What does 5 wave move on the D mean or is it really simple?Ignored
Disliked{quote} Hi twellve, it is a part of Elliot Wave Theory... something that I use on the higher TFs to decided the structure of the pair... have you heard of it? P.s. you don't need it for this method...Ignored
DislikedThanks griffinssoul. Just waiting for the 4hr candle to close on audchf. Cant see many set ups today. Good day to read up and study old graphs. {image}Ignored
Disliked{quote} Thanks GS I havent heard of it - is there a paper in the paperclip or a post I can read - tbh its all a bit much at moment as when I think I see something - its not really there.....Ignored
Disliked{quote} Thanks GS I havent heard of it - is there a paper in the paperclip or a post I can read - tbh its all a bit much at moment as when I think I see something - its not really there.....Ignored
DislikedGood morning everyone, It's Monday morning (6:00 a.m. my time) December 1st 2014. Traders are starting the last month of the year and trying to position themselves for year end (year end profit/bonus etc). I won't be trading for a day or two. When Fxcm bought out Ibfx they put everyone into 6 day charts. Today I'm switching to true 5 day chart using N/Y close as the final bar for the end of the trading day. Everything I've read over the years is that 5 day charts are more accurate than 6 day charts. Especially for price action traders. The candles...Ignored
Disliked{quote} ...stay frosty nods80, mate, we're crouching in the jungle... if you rush out in open view you'll get slaughtered... LOL! AChf... hmmm... wicky/bit congested... makes me nervous...Ignored
Disliked{quote} When i'm unsure. I take an imaginary trade. Draw a line through the graph, chose an entry and exit point. I then record it in a spread sheet called 'training trades' and make a note of my reasoning behind the trade. If it goes wrong I look back and see why. Did I enter to late, against the trend, sl to short etc. The more I get right the more confident i get. The more I get wrong, the more I learn. Win, Win.Ignored
DislikedIt took me a long time to really get a handle on my trading. What your seeing in the market's is the ultimate form of "Capitalism" being played out between countries & institutions & traders. The markets are uncontrollable! You have to trade knowing that anything can & will happen. When your using Tms & the system is giving off signals, you want to look at the signals to see if it is logical action in the market. (news spike for example). Tms is a very effective strategy. Our edge! But we have to give each trade time to work out. I set my stop just...Ignored
Disliked{quote} Great stuff - also you can take a screen shot and paste it into the log so you can see it later...Ignored
DislikedIt took me a long time to really get a handle on my trading. What your seeing in the market's is the ultimate form of "Capitalism" being played out between countries & institutions & traders. The markets are uncontrollable! You have to trade knowing that anything can & will happen. When your using Tms & the system is giving off signals, you want to look at the signals to see if it is logical action in the market. (news spike for example). Tms is a very effective strategy. Our edge! But we have to give each trade time to work out. I set my stop just...Ignored
DislikedKicked 3/4 out + 60 pips .. ( demo ) let the small portion run more 50 pips Guido {image}Ignored