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- surferking replied Feb 4, 2012
Thanks, I tend to scale into trades more aggressively once they are 'off side' but I might dabble with adding a few lots closer to the onside where a level is more of a zone. Cheers
- surferking replied Feb 3, 2012
Good observation and explanation, cheers. I love long time period these rounded retests. The cleaner the level the tighter the stop, therefore the more lots you can trade for a high probability and good Risk:Reward. Doesn't get much better than ...
- surferking replied Feb 3, 2012
Because it was the last (and only) swing low creating a support level, that was then broken through, and is now being re-tested for the first time as resistance. I missed this trade by 0.4 of a pip on my broker! Although, as you said, that's a ...
- surferking replied Jan 20, 2012
You could try 'Meet Pips' at 'Baby Pips': url I believe you can set it to confidential. Also, you can write in the 'Comments' on MT4 for each of your trades when you place them and then link your account to MyFXBook: url
- surferking replied Jan 20, 2012
Glad I didn't take this trade on AUDUSD. But looking at it, the swing bar had already close above an older weekly level so too risky for me. Plus of course Friday afternoon madness probably best avoided. Will certainly be hoping for a rounded retest ...
- surferking replied Jan 20, 2012
The red areas. Ultimately W1 is just a compression of D1 chart anyway so probably better to drill down to that to see how price is approaching thee levels I guess.
- surferking replied Jan 20, 2012
I don't think you can use H1 for Bias unless you're trading the M5 timeframe! Use D1 chart (SFPs, Pin Bars, Outside Bars) for Bias and H1 for entry at the strongest possible levels, simples
- surferking replied Jan 20, 2012
I like this trade a lot - best thing is set and forget. I've got my order in and just leave it to do its thing. By far the highest strike rate strategy I've ever seen these rounded re-tests
- surferking replied Jan 20, 2012
Look at all the areas in Red where it doesn't work our for the Weekly charts. I'd say it's a good signal for bias but you need confluence or to drill down to D1 and H1 for better entries and exits otherwise you have some very wide stops for a 50/50 ...
- surferking replied Jan 20, 2012
Yes, but last time there was one on your Weekly GU chart in April 2011 it didn't work out at all. I think a lot of people are bearish GU at the mo. Could be a sucker rally this week to draw people in and then tank next week. Guess my comment is ...
- surferking replied Jan 19, 2012
Rounded Retest on Google — Rounded Retest on Google anyone?
- surferking replied Jan 19, 2012
Cheers - I think I'm getting it. My trading stats for this year are all based on Rounded Retest trades AT 'brick wall' levels (weekly/monthly highs lows) so I'm sticking with that. Just got to avoid the temptation to try to find trades at every ...
- surferking replied Jan 19, 2012
Cheers Chris, I appreciate your time looking at them, ta. I don't watch the charts all day so probably better off waiting for the break/bounce and rounded retest so that the First Trouble area is clearer then. I agree, no magic bullets but if I've ...
- surferking replied Jan 19, 2012
Billion Dollar Day — Complete tangent but I love this programme. I know it's old but goes to show how the pros trade actual numbers (levels): Billion Dollar Day
- surferking replied Jan 19, 2012
I don't see any levels drawn on your chart at all either. Strongly recommend you zoom out, look back and at higher timeframes and draw in the highs and lows for the pair you are looking at. Forget about candle patterns alone, they happen everywhere ...
- surferking replied Jan 19, 2012
Anyone know if $Dollar Index available on FXPro MT4? If so, what symbol?
- surferking replied Jan 19, 2012
So that's more of a spider pattern really. So maybe we should ignore the SFPs when the higher timeframes range is narrowing. I also notices that the H1 'spider' pattern... (which looks like another name for the Ascending and Descending triangle ...
- surferking replied Jan 19, 2012
Note the high correlations between USDCHF and EURUSD and opposing correlation between GBPUSD and USDAUD. Of course AUD and NZD is pretty obvious. I know Tom doesn't trade the crosses but was always of the belief to trade the strongest currency ...
- surferking replied Jan 19, 2012
Thanks - I'm using the SP500 for direction bias on all USD pairs now, seems to work well. Just need to understand Gold/Oil/Gas/Risk correlations biases really so I'm watching those o the same screen as well to see how they correlate. I bookmarked ...
- surferking replied Jan 19, 2012
Cheers - just a bit sceptical. Think I need to get fussier too! Cheers