Hero Traders Live to see their Accounts Die!
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Simple, Non-subjective, Consistent, Effective 645 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Simple Method to Scalp & Trade Big 42 replies
DislikedI took 2 trades on that down move: one on GU targeting 1st bear target of intraday +46 pips and another on EU targeting 19.1% support of the last upmove - on EU it bounced right off of it for another +41 pips. Now I am observing critical levels you have mentioned beforeIgnored
DislikedGot stopped out of this one by 3 pips.
Price went a bit higher and then came down to close below the trendline.
This trade should never have been taken as it was not in line with trading after 3:00AM.
Anyways, next trade. I still love the tight stops.Ignored
DislikedHello Simoneg,
Isn't the 1.3320 level (19.1 support) based on the last major upswing, and not the Weekly Fib?
The EURUSD Weekly Fib support (19.1%) is still at 1.3420, correct? On page 52, posting #770, your high low is drawn from 1.3590 - 1.3384.Ignored
DislikedHey aftab, wonder if you could post this? I am having trouble with imageshack. Seeing a bearish gartley and butterfly on EUR H1. Gartley ends at 1.3755 and Butterfly at 1.3970 to 1.4000.
The Butterfly aligns with April's bull target number 1. Also the ABC fib of this bounce ends D at the same price (1.4000). That is A=1.3268, B=1.3590 and C= 1.3325.
This is on the EUR/USD.Ignored