I think the two points used for support or resistance are the ones you analyzed monday mornings. Tuesday is where you place trades if analysis is confirmed and once the trade finished you wait for next week.
Dislikedwell the USDCAD was not a good signal - stopped out -20 pps.Ignored
Dislikedyes, it's not a signal yet, because Demand Line is'nt broken yet,
you must wait when next candlestick open below the Demand Line.
which means, maybe in the next 1 1/2 hour.
p/s correct me if i'm wrong.Ignored
He has stated that he will provide more information installments as we go, kind of like a big classroom.
Dislikedmine had broken below demand line, then whipsawed back through the SL.Ignored
DislikedYou know, when I first started this system, I use to worry about it when my trade would go against me immediately and took hours for it to return, but in that I learned that for this sytem to work you have to be patient, Yea it may seem like a very good system looking back on the charts, but you have to put yourself in that time period, what was happening to the charts once i placed that trade, did it whipsaw up and then come crashing down? Did I have to wait days in order for the target to reach? And considering those questions you have to conclude that it would most likely have similar actions now.
For example EURJPY last night gave a short signal then shot up about 25+ pips for a couple of hours before crashing down to target...and thats one of the less stressful long trades. I still have a trade open on EURAUD. It gave a short symbold and went up to a maximum of about 70 pips, it is just now starting to return to my sell price, and is slowly crashing down. It might be the end of this week before that trade reaches target.
So a 20 pip stop loss is a little small, considering these trades could take days to complete. In order for price to reach target you gotta be much more patient.Ignored
DislikedBut the calculation was the difference between the highest and the intersection of the highest and the demand line.
The first open bar below the demand line was the application of the pip projection. The calculation should have been 188 pips.Ignored
|Thread Tools||Search this Thread|