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- Jenx replied Apr 20, 2018
M5 on UJ. An example of common sense and discretion. Price had broken out of a range (the mixed signals told us it was in a range). Price has then come back to test the upper of the range which coincidentally coincides with the MAS and gives us a ...
- Jenx replied Jan 23, 2018
Trades at the moment . Ive added a second line which is just the H1 resistance that was created at around the same time as the daily one. This creates a more comfortable s&r "zone"
- S & R Experiment
This is just to share a trading experiment I'm looking at. I won't be following the normal "rules" ...
- Jenx replied Nov 16, 2017
EU M5 chart for the last few days. Yellow line is M5/M15 resistance, Tell me how how you couldn't make a few quid out of that?
- Jenx replied Nov 2, 2017
Don't know if this helps. Maybe pull a fib and look at the PA at each level. If you're looking for value , maybe only take signals that come at 50% or greater? Just a thought
- Jenx replied Oct 27, 2017
For those struggling picking out the cherries, maybe try this? The default period is set at "80" however I would recommend, for the purposes of our method, setting it to " 2000 " It's best to give overall priority to the colour (blue long, red ...
- Jenx replied Oct 25, 2017
Hi Yes, just last swing high/low. In a down move, drag from the top and vice versa. Pic below is just now on EU H1. I've edited fib tool and added the .70 level and named it "ENTRY" Hope this helps
- Jenx replied Oct 10, 2017
I plot my levels on M15 if possible. I don't trade off those levels.I use them to prevent me trading into them. So far as when I consider them no longer valid,,, It depends on the TF; Below the orange line represents support. Its on the M15 chart so ...
- Jenx replied Oct 7, 2017
Hi. Sorry, I maybe haven't explained the whole "gap" thing very well. Forget about gaps that occur during the actual movement you are trading. The gaps I am talking about are ones that occurred in the past that had yet to be revisited. If you are ...
- Jenx replied Oct 5, 2017
The "buff" gap was set on the M5 chart and wasn't evident on the M15; In any case its now been well and truly broken! Bear in mind, the M15 level you identified was created today.It was filled within a couple of hours. You need to be thinking will ...
- Jenx replied Oct 5, 2017
Maybe I'm missing something, but I don't see what tempted you to take a short? There have only been 2 shorts generated on that pair (EU) today( by our rules that is). The first, was a no go, due to the proximity of the support (same with the longs ...
- Jenx replied Oct 5, 2017
This morning I favoured UJ; As we've said, EU looked a bit sketchy and the early S/R was a bit close. Here is UJ this morning with the S/R lines drawn in. You can probably see why it would be favoured over EU so far today. Of course the last signal ...
- Jenx replied Oct 5, 2017
I don't think you understand. It doesn't matter what method you use for identifying S and R. The point is that my method, and yours it would seem, would rule out making any trades on that pair.( until the support was broken that is) Same difference. ...
- Jenx replied Oct 5, 2017
All I can say is that when you look at M5 / M15 the range is rather tight. I've plotted resistance and left on support. As you can see, by the time our system gives you a signal its a bit too close for comfort to S/R; Theres some value to plotting ...
- Jenx replied Oct 5, 2017
The green line is support. It was a "gap" support that wasn't obvious on the M15 chart but was clear on M5. Even without that, the PA was showing support being respected. Hope that helps.
- Jenx replied Oct 3, 2017
Firstly, you've got a heck of a lot going on there.Do you really need all of that? Secondly, both those charts would have been selling/buying into significant S/R. Best to sit those ones out.
- Jenx replied Sep 27, 2017
UJ and EU today
- Jenx replied Sep 22, 2017
Heres an example. SL just beyond prev swing low.I didn't take this trade as I'd taken the previous one, and a rule of thumb I have is no 2 consecutive trades
- Jenx replied Sep 21, 2017
I think after the big moves last night, the USD pairs were always going to be sketchy this morning. Also when you look at the PA at the resistance that was set by the move, buying into that area probably isn't going to offer the best returns.
- Jenx replied Sep 20, 2017
Another decent day on UJ and US session hasn't even opened yet. As with yesterday, it doesn't really get much more straight forward