DislikedGBPUSD - I will be carefully watching PA around 1.3990 for a bounce hereIgnored
Trading Fibonacci Time Zones and Support and Resistance? 20 replies
Trading with Praised Prominent Zones (PPZ) 28 replies
Trading Fib Zones 94 replies
Trading with REAL support and resistance (Big volume zones) 10 replies
Trading highly probable fib zones method 2 replies
DislikedHi birdt,
How's it going ?
Thanks for the explanation .... hope you are still pipping nicely !Ignored
DislikedHi Willow - just noticed your posts.....seems that we're trading similar set ups
I also use the 1 min especially around FO / LO, although its a long time since I've actually used a tick chart!
I and the others posting in the Psych Levels thread just place the 00s, 50s and sometimes the 25s & 75s, with or without pivots and look for trades off and too those levels....here's a couple of posts from this morning:
http://www.forexfactory.com/images/icons/icon1.gif Cable 15 min chart
GM all.
Its starting to look as if the...Ignored
DislikedI also use the 1 min especially around FO / LO, although its a long time since I've actually used a tick chart!Ignored
DislikedHi Islander,
I must be on the right track then with a 'seasoned FF' vouched for member looking along similar lines !
Thanks for the post... by the way could you pass on that Range Indi at the bottom of the screen... much better than the one I have !
Thanks
WGIgnored
DislikedFYI I have started this thread to continue a discussion from another thread so as not to hijack or clutter the other thread.
Below is a chart representing Support and Resistance zones on the EURUSD for the last three trading sessions.
I trade in the blue session times and sometimes a bit further out if I feel it is worth it.
The time on the brokers platform is GMT+2
I have marked out the patterns I am attempting to trade on the chart.
jtdt777, you mentioned an interest in Billy Ray Valentines approach and I also see great potential with...Ignored
DislikedHi, Probabill, very glad to see you are starting this thread. I think I am learning quite a lot from you in this thread. however, could you please, if I didn't offend you by asking this, illustrate a lit bit about your impulsive trades? if you can reliably predict the turning point, theoretically there should not be enough of many impulsive ones which make you not succeed. there must be someting that enduce you pull the trigger, therefore, I guess there be some other reason casting dust on the clarity of your prediction. I am having similar issues...Ignored
DislikedI meant one has the benefit to minimize stoploss exposure by doing this, risk/reward becomes very significant, the trick is to hold your judgement based on large TF, and choose the trigger at lower TF along with the large TF direction. so, this could be good thing, if you agree??Ignored
Dislikedare the pink zones your daily S/R. I am guessing people trading like your or mine style seems having not strong enough mentality to experience a large stoploss which I think should be large enough to suit the daily volatility, if I am correct. on top of that, probably again the mentality to see the move turns back toward one's stoploss level before turning around to the direction of initial judgement. maybe I need to build up more tolerance and patience till the price action get through all the ups and downs till the target. but, not till seeing...Ignored