Have a good w/e all.
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DislikedNice C. I closed manually this morning at a little over .9R after some rejection at 1.5700. I has a TP set overnight up around 1.5800. I'm going to be away from the charts all day so I figured I would go ahead and take what the market gave. I wouldn't be surprised to see some profit-taking drive price lower or see the bulls push it further.
Have a good w/e all.Ignored
DislikedTurns out only 1 of the 2 full bars losses that I had on the 2 euro crosses were actually genuine losses.
Did a video on my findings and learning experience. (720p)
http://www.youtube.com/watch?v=s1hzcvXygz0
g.Ignored
DislikedI would have been booked half of profit, if I traded this as a J16 trade. Since this is a trend following method, I thought I should not cash out the trade soon but at the same time, I don't like to make any loss.
So just moved my stop to BE.. now just watching.. it looks like it is going be stopped out any time.
Anyway, my first trade(Demo) with this CZ system.. Thank you Ghous..Ignored
Disliked1. Uptrend
2. Price pulled back to EMA21 and a BUOB
3. Close of BUOB is ok though not extremely strong
Cons:
1. Looks like it is going to range between 80.50 and 81.50.
2. The trigger buob is not closed above the previous Bullish bar
Thoughts ?Ignored
DislikedIs this ET3 trade ?
IBFX, H4, EURGBP
Trend is up. BUOB on EMA21 breaking 4 bar consolidation.. Barely touched EMA21. Above 8500.Ignored
DislikedHi Guys,
Can I call this ET1?Is it right set up for this method?
-It is CT
-Entry after big BEOB which closed below RN and below suport
-momentum down (big three bearish prior bars,red colour)
-find resistance @Ema 50
-Tighter Emas,we got spring.
Or should I enter @ break IB?What about that prior bullish bar with wick (bounced from support).
Any comments guys?
Have a nice weekend.
FXIgnored
Disliked1. I don't think this can be considered as ET1. For ET1, the price has to spend some time in CZ. In this case, it did not.
It may be considered as ET2 now, if the price moves back to south by establishing a good trigger bar.. (subject to the space and PPZ).
2. To justify counter trend, price has to flip the direction from a major S/R line....Ignored
DislikedSpotted this ET2 trigger bar, but I haven't decided whether or not to trade it.
What I noticed:
The FTA is near either the confluence of the 1.33 RN and 50 Fib or the confluence of the 1.35 VBRN and the 61 Fib.
On the weekly chart, there is a very strong downtrend with additional confluence at the FTA with the weekly 21 EMA.
http://content.screencast.com/users/...4/00000015.png
http://content.screencast.com/users/...6/00000016.png...Ignored