Double bottom for a move up or falling of the map time.
Critical price level being tested.
Critical price level being tested.
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedDouble bottom for a move up or falling of the map time.
Critical price level being tested.Ignored
DislikedThis game is about patterns and probabilities.
Here's one you will see time after time.
It's accuracy is high - don't have any percentages so I'll make one up.
I'm guessing it's around 85%.
Price is headed south and moves to a .20 level. (.4620 in our example)
The next level is a 00 psych level. (The strongest psych level)
Price hits the .20 level and bounces. (Critical for slow moving markets)
Once price returns to the that level AFTER the bounce it will move to the .00 level the majority of the time.
My entry was 5-7 PIPS below the .20 level.
Shortly after the entry price moves to .4600 and then bounces off that level. (Quite a coincidence - NO)
After the .00 is hit price returns to a confluence of S1 and the .20 level.
I would encourage you to incorporate this strategy into your existing system.Ignored
DislikedThis game is about patterns and probabilities.
Here's one you will see time after time.
It's accuracy is high - don't have any percentages so I'll make one up.
I'm guessing it's around 85%.
Price is headed south and moves to a .20 level. (.4620 in our example)
The next level is a 00 psych level. (The strongest psych level)
Price hits the .20 level and bounces. (Critical for slow moving markets)
Once price returns to the that level AFTER the bounce it will move to the .00 level the majority of the time.
My entry was 5-7 PIPS below the .20 level.
Shortly after the entry price moves to .4600 and then bounces off that level. (Quite a coincidence - NO)
After the .00 is hit price returns to a confluence of S1 and the .20 level.
I would encourage you to incorporate this strategy into your existing system.Ignored
DislikedAcumen, what do you think about a double bottom on 4H?
Just broke psych level (AUD did so as well), let’s see if it can hold S3.Ignored
DislikedWould a long entry with a tight stop loss to risky in this moment?Ignored
DislikedAcumen, hi:
I use the x.yz15 level in downtrends and x.yz85 in uptrends for 15 pip scalps.
In strong trends, I take 2 lots. One profit taker is set at the 00 level and the other for another 15 pips. When hitting the 00 level, I exit 1 lot and move the stop to break-even for the second lot.
I read it in some article in Invetopedia and made a lot of sense to me.
It works pretty well when it does not contradict a very strong S/R level or the pivot.
(I think it just did it perfectly in the EURUSD while writing the reply. Too bad I was out of the market.)Ignored
DislikedAcumen,
You getting any affects from this storm in your part of FL?
Only getting a little wind here in Central FL..no rain yet.
Hope you weather this one out with no damage
Troy...Ignored
DislikedAcumen I thought you was on vacation....
Now that is true dedication....man trades on vacation.
Guessing the wife is happy about this .....
With his dedication I am beginning to think of him as an idol...
TroyIgnored
DislikedI was on vacation last week near the pan handle but I was out of there before I saw a single dark cloud.
SunTrader lives on the east coast of Florida - I'm guessing he'll see more from Hannah than from Gustav.
MikeIgnored
Dislikedguess wat do u think of the current raise..
anyone explain why does the market behave this way? upppp downnnn upppp downnnnn
does world sentiments changes so fast?
interestingIgnored
Dislikedguess wat do u think of the current raise..
anyone explain why does the market behave this way? upppp downnnn upppp downnnnn
does world sentiments changes so fast?
interestingIgnored
DislikedDoes anyone know a good website to observe in live the conditions on Gustav and Hanna?
BTW I got a long signal on RSI breakoutIgnored