Donde hay Patron no manda Marinero
The System Behind the System, by Merlin Jeffries 16 replies
Off Road (Continued) 24 replies
EURUSD Road Map (K.I.S.S System) 32 replies
Road behind....road ahead. 10 replies
Would you trade this system? New system #2. 10 replies
DislikedMorning EA +100 by night. Was at BE before the news. Entered after 5th wave on support area. {image}Ignored
DislikedEURAUD M5 Looking for try short scalp, at correction (?) Or wait ... {image}Ignored
Disliked{quote} Congratulations, js !! Although entry is completely intuitive, unconfirmed ...Ignored
Disliked{quote} It's true Trade was based only on divergence at double bottom and 5th wave. With no further confirmation. I was treating it as a possible bonus from AUD news only. (Do not copy. Always wait for confirmation everybody!)Ignored
DislikedHi, I've been having some losses these past days.... Today it's been OK. This is my EA trade that I closed too early by mistake. Oh, what a pitty. {image} I think I must clear up my mind about this strategy. I'm vey impulsive and sometimes don't analyse the whole situation properly. I need a clear trading plan. Less noise, more clearless. cheers TONIIgnored
DislikedNZDUSD M5 I think it is probable that the downward trend will continue. Will see. {image}Ignored
Disliked{quote} hi patron when I look at NZDUSD I see that price just tested a previous support that turned into a resistance, and the reaction was good that it created an engulf, but not good enough to create a new lower low. now I expect the buyers to test that level again, and furthermore the level I indicated with blue circle. it is a level which contains many confluences. I expect a big move between 0.765x - 0.766x. a mid term short may be considered with stops above the supply zone till 0.722x. a very good R:R in my opinion. {image}Ignored
Disliked{quote} Is it possible scenario that you propose. But the engulfing already was valid and won 35 or 40 pips. I'm not saying to go short immediately, but I think that if an entry intraday short is confirms it then have a good chance of success. According ORS, at H4, market condition seems to lateral. The engulfing occurs at the level of the upper Bollinger band, then I think chances are good looking shorts trades. Now need the price action that has not yet occurred in intraday. That is, I am agree that your scenario may occur, but, for me, has more...Ignored
Disliked{quote} yep, I saw that 5th wave, too. but because I didn't see a new lower low and price retraced just 50% of the last move I assumed that the 5th wave may not be over and that might be a retracement that occurred at a critical level. surely because we talk about H4, any move is about or over 30-40 pips, so they are good to trade. I'm talking about trading like an elephant (big waves and large pips, more time) however it is also possible to trade like a cheetah or something like that (fast in fast out)Ignored