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- TraderAussie replied Mar 4, 2019
FXC Took this trade o the 5M GBPJPY. I aim to keep stops 5pips below beach line but am starting to notice in a a lot of cases they bring prices down to this level before reversing. The set up itself to me seems good but I'll be interested to hear ...
- TraderAussie replied Mar 1, 2019
FXC Lets see if this is better. 1M trend is up. image
- TraderAussie replied Mar 1, 2019
FXC With this one you just commented on, is the set up valued if in uptrend and instead of price moving higher and then coming back to form a 3 bar set up, it moves lower and then forms the 3 bar set up like that depicted by ricki72??
- TraderAussie replied Feb 28, 2019
Yes I'm on this as well My only question is the time that it took to revisit that area. Where is your TP??
- TraderAussie replied Feb 28, 2019
And may I add If FXC could show his trades keep to only the 3 bar set ups especially those on the 1M and 5M compressions so we can all get a better handle on this and not the other method like imbalance zones which we really haven't gone over yet. ...
- TraderAussie replied Feb 28, 2019
FXC I took this trade on the GBPNZD. 1st Chart shown in 5M was based of a 1M setup in the accumulation but couldn't fit it all in. I took a long based on this set up and accumulation overall long term uptrend?? whether this is correct could you ...
- TraderAussie replied Feb 28, 2019
FXC I will get this right one day if this is not correct!!!!!! image
- TraderAussie replied Feb 28, 2019
FXC So when you are referring to HL and LH have I marked this correct or are you referring to more recent chart action?? image
- TraderAussie replied Feb 27, 2019
FXC Still trying to get my head around direction and the set up. Is this valid?? My initial thought is no. image
- TraderAussie replied Feb 27, 2019
Well done. This is how I would like to trade. Don't haver the patience to wait around for hours for a set up especially during Asian Session R U using FXC method?
- TraderAussie replied Feb 27, 2019
I see what you're getting at. I may need to looking at the 30m and 1hr time frames to get a better picture. I've been try to go only for the 5m and 1m compressions but its getting me killed. Thank god for demo.
- TraderAussie replied Feb 27, 2019
I've just taken a short on the CADJPY after price came back up to accumulation area
- TraderAussie replied Feb 27, 2019
What about the accumulation?? I know on larger time frames you can go down to lower time frames to see the compressions but this 5m and thus really no compressions. This is where I'm still unsure as to FXC rules.
- TraderAussie replied Feb 27, 2019
Thanks JeBrak I do zoom out but still struggling with this concept. Long term might be say down but intermediate is up. Then looking at HH HL etc. EG would be right now on the GBPJPY. Long term definitely uptrend but currently looking good for a ...
- TraderAussie replied Feb 27, 2019
Hi FXC I've got 3 trades that I would like you to review. I'm still not sure of the trend direction at times but hopefully i'm starting to get the idea. image image image
- TraderAussie replied Feb 21, 2019
FXC Can you please comment whether I'm getting trend right and starting to get it right. Many thanks for your time and patience. image
- TraderAussie replied Feb 20, 2019
Hi FXC In regards to some comments where people have suggested that the price engulfs both bars 1 and 2 ( which you have never said nor is it in your guidelines) I think where the confusion might come from is the examples you posted in post 4 and 8. ...
- TraderAussie replied Feb 19, 2019
FXC Here is another trade from yesterday. I closed the trade about 4 pips above breach line before it went in my direction. It would not have hit TP so was that the correct spot?? image
- TraderAussie replied Feb 19, 2019
Hi FXC I'm still trying to get a better understanding of these set ups. I'm still trying to get a handle on direction based on the timeframes which you mentioned is all relative. ie might be downtrend on larger timeframes but uptrend on lower. On ...
- TraderAussie replied Feb 19, 2019
FXC Thanks for your feedback from previous post. How is this trade? Unfortunately I was stopped out but looking at whether I got the set up right. image