Disliked{quote} A nice ride. Still fighting 102 handle though. Think it may go this time.Ignored
102.20 is a struggle
+22 pip cant complain considering U/J performance lately
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Disliked{quote} A nice ride. Still fighting 102 handle though. Think it may go this time.Ignored
Disliked{quote} last piece of advice, then just fun posts... you heard it hear folks! if you want to use TL's, thats great, however, TL's DON'T create s&r, supply and demand does. I'll bet that if you straight line to the left of price, a TL touch(s&r) actually fell into a supply or demand zone...food for thought, huh? remember, if you follow bad information, your results follow suitIgnored
Disliked{quote} last piece of advice, then just fun posts... you heard it hear folks! if you want to use TL's, thats great, however, TL's DON'T create s&r, supply and demand does. I'll bet that if you straight line to the left of price, a TL touch(s&r) actually fell into a supply or demand zone...food for thought, huh? remember, if you follow bad information, your results follow suitIgnored
Disliked{quote} It's true TL's can be imprecise, especially on the larger tf's. When I look at these lines however I am not only looking at the TL but other factors such the S/D levels you are referring to. In following these lines however I have noticed that they co-exist with other factors of S/R lines and important levels. The TL I am referring to actually wont cross over the PA for another 60 pips lower (around .8440). If a horizontal line is drawn at this level it can be seen it is possibly a very strong support region and worthy of at least...Ignored
Disliked{quote} Say, account size is $100K (100% equity). 1 standard lot (100,000 units) for XXX/USD pairs; 1 lot = $10/pip, 100 pips = $1K = 1% of equity. 0.1 lot = $1/pip, 100 pips = $100 = 0.1% 3,000 pips x 0.03 lot = 1% 5,000 pips x 0.02 lot = 1% Yea I think that's about right.Ignored
Disliked{quote} 102.123 102.20 is a struggle +22 pip cant complain considering U/J performance latelyIgnored
Disliked{quote} Lol spoken from who doesn't use TL's aka you don't what your talking about. Read this as an example: {quote} It was in reference to a TL on NZ. After hitting the mentioned zone it flew up 300 pips as I suspected. So TL's aren't just lines on a chart but is also the ability to be able to read them. The area's of S/D are created imo by multiple TL's crossing hence a congestion making strong support and resistance zones. More often than not a TL intersects 100 levels the same time PA crosses, etc etc.... But I don't have time to give you the...Ignored
Disliked{quote} Hey Ken, Many thanks for your quick explanation. I can follow everything you write but I still don't see what this has to do with the fact that there is no stop loss required. By the way: I also trade without stop loss but very small lot sizes per account size. Maybe you could explain it in other words, more housewife style ;-)Ignored
Disliked{quote} I closed for few pips in profit still have old trades from 97.5xIgnored
DislikedI find TL's very useful but I use them sparingly as well. They are really just another form of average but I like that they extend out into the future unlike ma's which I also use and like. I was only referring to the fact they, like anything drawn on a chart, don't "create SR", just identify them. Like anything else including fibs. Although fibs carry a deeper meaning as they can "explain" the creation of SR.Ignored
Disliked{quote} ... Cool ... I really miss being able to trade both ways... Hmmmm.... maybe I shouldn't be to short after all. {image}Ignored
Disliked{quote} Don't sweat it, brother.. just trying to guide some less experienced traders.. if they don't want the advice, thats fine. i respect each and every person's trading plan. everybody's 'style' is different. I was fortunate enough to have a chance encounter for a few moments on a beach, that totally changed my trading career! sometimes, i just try to point out that trading can be indeed, simple! just giving a little back to the 'community'...Ignored
Disliked{quote} Other than G/J, I don't short XXX/JPY from early 2013 until now because having long old trades so either close them or just wait for larger target.Ignored