I if you are watching the shorter time frames and wonder why the progression upward seemed to stop in mid air.......check out the upper trend line on the 4 hour.
Zone Breakout Method
BB break + trendline break 24 replies
Break Out + Pull Back & Pure Break Outs 58 replies
Looking for L > Break High Break Low Indicator 1 reply
Break out and fake out 0 replies
DislikedHi PowerTrader.
Thanks for sharing your method and describing your trades in detail.
I've started focusing more on s/r, trendlines, and pa over the last few months and I'm gradually seeing improved results in my trading.
I'm looking forward to following along with you and asking some questions, I'm sure. Maybe even a few suggestions too.
Have a great weekend.
DaveIgnored
DislikedHi PT, That one you took yesterday was nice. I was going to ask you why you didnt draw your trendline from the swing low. I went and checked out my trendlines on the 4 hr but due to different candle closes on different feeds, the lines were different.So what was a valid break on one wasn't on the other. Am I over thinking it abit?
CheersIgnored
DislikedCan I ask you about where you put your stoploss? Is it ata recent swing high or an arbitrary figure?Ignored
DislikedDo you use Fib extensions for profit taking? I often have trouble with the lower timeframe Fibs as to where to draw them. I'll practice. I mainly use sup/res.Ignored
DislikedDo you use Fib extensions for profit taking? I often have trouble with the lower timeframe Fibs as to where to draw them. I'll practice. I mainly use sup/res.Ignored