Yupz..I did about 210pips yesterday. Fantastic.
Bob..Anything on your radar this morning? I dont seemed to see any high probable trades.
Bob..Anything on your radar this morning? I dont seemed to see any high probable trades.
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DislikedYupz..I did about 210pips yesterday. Fantastic.
Bob..Anything on your radar this morning? I dont seemed to see any high probable trades.Ignored
DislikedAnything that is Euro has a sell or sell pending on it. Even the Eur/Nzd which I suspect has to come down sooner or later. As soon as price retraces above a D line I put a pending under it with any euro. When they break south I am in, sometimes two trades in a day if it breaks two lines. Remember I trade small lots to lot size so I trade almost every currency. I am not trading GBP/CHF, EUR/CHF, AUD/CHF, All CHF except the USD/CHF. Because SNB is interfering so much, news and indicators dont mean anything on almost all CHF pairs right now. GBP/NZD...Ignored
DislikedHi Bob,
I'm confused. Hope you can give me some pointers.
Do we trade the lower time frame (4H) once we confirm that there's a DT in the daily? Or do we just use the lower time frame for entry?
Regards,
O.HIgnored
DislikedYupz..I did about 210pips yesterday. Fantastic.
Bob..Anything on your radar this morning? I dont seemed to see any high probable trades.Ignored
DislikedGreetings Bob,
Im kinda confused as well. Being a fireman we are not the smartest folks as we go into burning buildings as others are coming out. Ive read all the materials and am off today and will re-read as well. It was my understanding that we first observe the daily for trend direction and view the s/r lines. Then place our pending orders below or above accordingly.
After viewing Kelsia's chart its (a 5 min chart). So my question is do we after determining the trend direction of the daily do we then drop down to the lower time frames...Ignored
DislikedBob,
I've been demoing this system and had some mixed results. The principal is sound but because there are lots of buyers and sellers around these levels its hard to know how far below a daily or H4 level to place an entry order and how far above/below to place a stop.
If we are in a dowtrend, such as Cable, and price goes above the black R 1 line would you then place a stop sell say 20 pips below that R line expecting the trend to continue or would you place is under the S1 line for added safety?
I've always traded price action at SR levels....Ignored
DislikedI am trying to switch this strategy from demo to real account, and I want to start with a penny acount first. (trade pennies of a dollar)I can not find a good broker that offers it. Can anybody help? I am currently with fxdd. Does oanda has a penny acount? Couldn't find nothing on their website.Ignored
DislikedBob,
I've been demoing this system and had some mixed results. The principal is sound but because there are lots of buyers and sellers around these levels its hard to know how far below a daily or H4 level to place an entry order and how far above/below to place a stop.
If we are in a dowtrend, such as Cable, and price goes above the black R 1 line would you then place a stop sell say 20 pips below that R line expecting the trend to continue or would you place is under the S1 line for added safety?
I've always traded price action at SR levels....Ignored
DislikedWith 10.1 I am trading almost all daily, I drop down to the 4H once in a while to check for TP or 4H S/R line if one is nowhere close at the time. For example I have a nice 50-100 pip profit sitting on the table, I would hate to lose it to a retrace but I dont want to miss a run either. So I will TP near a 4H S/R line and set a new pending under/over the line. If price continues to run I am in and if it doesnt and retraces I got the near max profit for that move.
My position on TP has more to do with time of day than how many pips. For example...Ignored