Learn to Trade is Important. Keep your bias & ego aside.
New Support And Resistance System Test 14 replies
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DislikedAUD/USD Short {image} I am comfortable with this short. There is a heavy resistance just not much higher. The other thing is Governor Steven always jawbone down AUD and say AUD is overvalue when AUD is at the current price or 0.9400, I don't expect AUD to be very strong. Taking in this entry with heavy resistance as my key reason. My stop is as wide as 100 pips for safe trading. Nobody knows how the price going move, be careful trading.Ignored
Disliked{quote} can you tell us what is your TP for this??? Are you looking at 102.75 extreme Resistance ?? or are you looking only at the nearest Resistance area 102.00 zone? kindly adviseIgnored
DislikedTrade that I going carry over weekend - EUR/USD long - EUR/JPY long ( just added at 139.94 ) - GBP/USD long - NZD/USD long ( just added ) This week was a eventful week for me at least. I was losing most of my trades open last friday and then win back on ECB press conference yesterday with bonus money, making this week a profitable week. Currently I not doing quite well with my EU and GU long, but I still like the price as of now. Only GU seems a bit problematic. I like my NU long position as the price is nice, I believe it will move up next week....Ignored
Disliked{quote} As an example EURJPY broke all of the support so playing it long is a bad idea.. I am trading same sort of technique, maybe will go long at the monthly resistance 2 I do have Long USDJPY, much better trade.... {image}Ignored
Disliked{quote} I think UJ was a better long because its have a trend line too as the reason for long. EJ was quite plain speculate that support will hold. Just praying support will hold will kills your account, just like it did for my GU as I "thought" the support will hold but it keep falling. But luckily I wasn't playing big enough to make an impact to my week performance, its my leftover money at accounts after my withdrawal. --------------- I love NZD/USD long at least for the next week. I can't be sure things will work out well, but NZD/USD have a...Ignored
Disliked{quote} Chaosbun, trend lines can be tricky but supports are obvious...but I agree, just S/R will not do it...... Do you or anyone has a good indi for automatic trend lines generation? And Yes, I have searched....Ignored