HAve been extremely busy with my undergraduate studies and trading forex of course. Attached are some trades that interest me.
My Go To Trading System (Tribute to Currencia) 541 replies
Tribute to Madlen and other good programmers- Correlation indicators 2 replies
DislikedThere are other similar setups on the GU and UJ which I didnt take.
UJ was a risky setup as there seems to be a strong support at 92.00 level.
GU seems like a perfectly good setup which I missed, beautiful bearish evening star at the confluence of 1.64 resistance and at the 61.8 retracement.Ignored
DislikedHeello!
Sorry that I ask a questoin about a 7 month-old-trade, but I have a doubt about the trades you took around Sept 7. I am referring to posts #379 and 380 (page 26).
In the case of GU, you had a clear main down TL, which was broken. In a moment, price tested it with a pin bar in 4H (I believe that in 1H, you could have seen something like a bullish engulfing). As this was a clear testing from the down TL, were not we in a 80% bullish trend? As I understand, we were in a buy zone already.
Furthermore: after having a clear uptrend line, why...Ignored
DislikedHi Jed, do you have msn? I find it easier to explain to you through messenger.
Firstly, the GU trade, if you observe carefully, price actually broke through a major daily up tl ard 14 AUG. Price retraced to test the major up tl on 21 Aug, and then returning to support at 25 aug. This immediately puts the pair into a strong bearish sell zone. What you saw was a break of a minor down TL, I was more focused on the major TL then. I form my bias from the daily and weekly charts. In hindsight, price only turned back down around 10 Sep.
Same for...Ignored