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6200trading Method

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In addition to the pending order on the AUDNZD, if I wasn't already in the EURUSD, I would look for an entry.
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.

I did put a sell already, this one seemed obvious to me as well. Sl just above the high, and reward at least 2x if not more...

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Edit: this was EURUSD...

for USDCAD i thought to wait it out.. looks like an Ema cross soon to the wrong direction, but could be a pull back as well.
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
U/C is back to a support area at around 1.3200........from here it might go up or down, not clear to me........taking the oil price in consideration, I`ll pass on a short....
can hardly get into my own brain, let alone yours......lol............good luck anyway.
Not sure if you are following gold. But there might be an opportunity coming up too there.

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Quoting Beerbelly
Not sure if you are following gold. But there might be an opportunity coming up too there. {image}
will be a counter trend trade
maybe to sell at resistance
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Order behind Market Randomness
Quoting Beerbelly
Not sure if you are following gold. But there might be an opportunity coming up too there. {image}
If you look at that Gold chart ( and I do not follow Gold), it should be good when it comes back.
Quoting Inthebox
maybe to sell at resistance {image}
Not bad.
Quoting Inthebox
maybe to sell at resistance {image}
sold. appropriate time to put to break even.
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Order behind Market Randomness
Quoting Inthebox
{quote} sold. appropriate time to put to break even. {image}
You're killing me. Maybe a thread is order for you.
Quoting 6200trading
{quote} You're killing me. Maybe a thread is order for you.
? just applying to multi time frame.
Order behind Market Randomness
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
Hi!
In my opinion the reason is obvious.
The long-term trend of 6 months is down.
The medium term trend of 3 months is down.
The short-term trend of 1 month is up.
Based on this analysis, the one month uptrend should first be done "no Trend"

For this reason one has to wait especially when the chart is daily.
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Hi 6200. I have subscribed to your thread. I have been trying to learn Forex for years now, without much success. The more indicators we add on the charts, the less we see what's happening. I like your method as it's simple to follow and I like MA's. Would it be possible to add occasionally some charts with the trades you took? I think the most difficult part for me (and probably for others) is when do you decide the pullback is over and you enter the trade? There are times when the price action just blasts through the 20MA and 50MA then gets rejected by the 200MA; sometimes it even penetrates the 200. When the pullback is in progress, do you enter a lower TF and study the candle formation or any other forex studies? (ie fibs, pivots, round numbers, resistance/support). Good luck with your thread.
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
The most obvious sign to short that I can see is the gigantic rejection once the price action kissed the 200MA which also coincided with a round number (1.33000 level) however from what I can see the bulls are still in control.
Quoting emadmax001
Hi 6200. I have subscribed to your thread. I have been trying to learn Forex for years now, without much success. The more indicators we add on the charts, the less we see what's happening. I like your method as it's simple to follow and I like MA's. Would it be possible to add occasionally some charts with the trades you took? I think the most difficult part for me (and probably for others) is when do you decide the pullback is over and you enter the trade? There are times when the price action just blasts through the 20MA and 50MA then gets rejected...
very often I will move to a lower timefame for entries and for places to put my stop.

The most important thing for you to grasp is that the actual idea to trade. The daily chart will give this.
Quoting Inthebox
{quote} sold. appropriate time to put to break even. {image}
I apologize for getting short with you.
Quoting 6200trading
{quote} I apologize for getting short with you.
it's alright hit break even. a number of candle tails with lower high appeared earlier. the three sma for d1 and h4 pointing down. so bias is still down.
Order behind Market Randomness
Hey 6200trading,

thanks for sharing your thoughts and methods about trading.
Your contributions are very interesting to read and im looking forward to see more of this.

Would you like to share how many markets you are monitoring?


thanks and greetings
Quoting TheCrusade
Hey 6200trading, thanks for sharing your thoughts and methods about trading. Your contributions are very interesting to read and im looking forward to see more of this. Would you like to share how many markets you are monitoring? thanks and greetings
For this thread, the majors and minors. No exotics. No Gold, no oil and no commodities or indexes.

BUT, this method will work trading anything, even those I just mentioned.
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