random thoughts of a trader
nice and clean charts!! They're great..
I will only look for buy setup on audjpy as a "carry trade" cross ;-)
Here's my chart.. Im almost ready to pull the trigger..
all the best,
DislikedThank you so much.
As a new FX Trader these Vids will really help my Strategy's.
I have been working with a friend who has been helping me see these trends in the Market. I have been trading on a $5K Demo.
Just since yesterday I more then doubled the Demo to $12.5K.
Think I will be moving to real funds ASAP..Ignored
DislikedHello my friend, now you see why WMD has been an influence on me! Good stuff!!Ignored
DislikedA chart speaks a thousand words.
#1. Precise top @ the TL retest in confluence with S/R level. Boom. A jackpot right there for the clever ones.
No guts to pull the trigger at highs? Look at the next chart. Here's a channel I've posted here and elsewhere while price was still trading inside.
#2. Always enter on pullback. Same thing wmd teaches and I agree fully. So, price breaks the channel and pullbacks to the broken border in confluence with another line in the sand. Boom. Another jackpot.
So keep trading as simple as it can be and the sun...Ignored
DislikedGreat post Belekas!
do you enter with limit orders at those levels ?
or do you wait-and-see if it will hold ?
Disliked(1)define your bias, (2)draw your levels, (3)put limit orders and (3) let the market prove you right or wrong. Low risk, high reward is the name of the game trading of key-levels.Ignored
Dislikedits appears you and wmd have a very similar mindset/approach. the difference being is that wmd usually watches PA on a lower time frame to confirm his entry... but the 'thinking' essentially looks the same.
your charts are a great!
I think Belekas uses Igrok intraday templates to enter.
which is what i do as well -- unless i see a reversal candle pattern screaming 'trade me!'
DislikedI read the first 10 pages of the Igrok thread and to be frank, it was not making much sense, so I left it alone. I like Belekas' charts so I am interested. Should I get Ignok's book maybe and start there?
All advice appreciated.
Sounds like you may already have it. Bet it convinces you to buy his 2nd book, due out next month.Ignored