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- Mushwedu replied May 18, 2010
Wise move - I've also learnt that longer TF's work better for me. Also trading too many charts end up exhausting me which leads to mistakes and missed trades - but that's just me. Regards
- Mushwedu replied May 18, 2010
Hi Paulette, I have simplified my trading to the extent that I only trade GBP/USD on 1 hour on my main account. I have two smaller accounts where I trade EUR/USD, EUR,JPY, CAD/USD and Gold using the same method. All of them now on 1 hour, but I must ...
- Mushwedu replied May 18, 2010
Money management — Obviously money management becomes critical as each trade will have different size stops. As a rule, I enter a trade with a 2% risk. I'll explain my method using my most recent short trade taken on 14 May 2010. For the ...
- Mushwedu replied May 18, 2010
ID change in trend 2 — The other method I use to identify a change in the trend, is BRV's "Over under" setup. In the example, I will go short at the arrow, with my initial stop abobe the high at "1". Again, I'll drag the stops behind me as ...
- Mushwedu replied May 18, 2010
image Sorry this is the picture for my previous post
- Mushwedu replied May 18, 2010
ID changes in trend #1 — The first way is looking at previous highs (of the previous down trend). My rule is that the trend has most probally changed, when 2 previous highs are taken out. In the example, high "1" was the last significant high. ...
- Mushwedu replied May 18, 2010
Define the trend — Finally I'm ready to start my posts - sorry for the delay. I will run through the whole method I use in detail. The system is basically trend following - that gives me an edge in that I don't try and pick turns. I found that ...
- Mushwedu replied May 17, 2010
Booker, Seattlerust and all interested... I must appologise - I had computer problems Friday and then time just ran out, so I took the weekend off completely. I have a meeting scheduled in Cape Town this morning, but will get stuck into starting my ...
- Mushwedu replied May 13, 2010
[quote=seattlerust;3718617]Hi NB Traders, I haven’t posted here for quite awhile but as I am going to try to change my style of trading, I thought I would log the experience here for others to comment on. If it generates some interest, I will ...
- Mushwedu replied Jun 15, 2009
If I may try and answer - yes you will see it all over , including stocks. Here's an example on Silver daily. Cheers image
- Mushwedu replied Jun 9, 2009
Thanks Copi - well explained. I've personally battled to draw the conclusions when applying VSA to Forex, but am using it on stocks. This helped a lot.
- Mushwedu replied Jun 5, 2009
EUR plan — Long 14075 (RBS, TF, 50, R, S,) Long 14000 (RBS, 61.8, TF, R, S, 000) Long 13825 (RBS, TF, R,S) Short 14245 (RBS, TF, R, S, BB, Fib) Short 14331 (RBS, TF (2007), R,S) H&S still in play though image
- Mushwedu replied Jun 5, 2009
GBP/USD — Plan for next week: Long @15945 (RBS, TF, .78(1h), R, S,) LONG 15851 (RBS, .50 (4h), TF, R, S,) Short 16244 (RBS, .50 (1h), TF, R,S,) Short 16323 (RBS, .38 (1h), TF, R, S, BB) Short 16431 (RBS, TF, R, S, 61.8 (1h)) Short 16084 after ...
- Mushwedu replied May 29, 2009
Hi BRV GREAT SUCCESS - HIGH FIVE!! Thanks for the explanation - the learning never stops.
- Mushwedu replied May 28, 2009
Gold Breakout? — BRV - does this qualify as the same scenario? image
- Mushwedu replied May 20, 2009
Hi BRV, This is a good example to use for some practical advice - if I may be so bold! I am from South Africa so my time zone is pretty close to Europe/UK. The bounce first happened at 02h15 GMT when we should be asleep! It then tested the level ...
- Mushwedu replied May 14, 2009
I was more refering to the banks' lights that were almost out - you started a great thread and deserve some R&R away from posting (and maybe monitor to see if it was worth your effort to start the beast in the first place! Clearly it was - I was ...
- Mushwedu replied May 14, 2009
Well done and THANK YOU BRV and all who have kept it alive and flourishing (through some seriously dark months last year, I might add). Here's to the next million.
- Mushwedu replied May 12, 2009
And now for something completely different... Gold — There is a Fib (.618) at 952.20 - which also happens to be the 1.618 extension of the last move up (from 865 to 918). The 945 level corresponds with some good SR levels on 4H chart. Maybe if ...