gbpusd goes on to the next level.
Adr, psych levels, demand & supply trading 14 replies
Standard Pivots and Fibonnaci Pivots? 9 replies
EUR/USD 5min - Trendlines and Pivots 379 replies
Important psych levels 1 reply
Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies
DislikedIslander, I have the same thoughts as you regarding break-outs and the stop-hunters. I put patterns up on screen mainly for the benefit of anybody who fancies a potential break-out trade, but I very rarely bother.
I have to say, mate, (it's ok to call you mate, is it? ) that I'm liking that 34ema more and more. It's uncanny sometimes how price reacts to it, and it sure gives us another weapon in our search for trading opportunities.
Thanks for the indicator explanation, by the way. I'm like you, I have 3 or 4 different MT4 platforms, all based around Europe, but mainly for when, inevitably, one decides to bugger me about, and it does happen!
CheersIgnored
Dislikedhello eyevoltage.
i got referd to you by acumen as regards this strategy but i can see some other things have been added.
is there any specific guide or documentation stating or showing how you use this startegy?this is d quote of what acumen said about you
Eyevoltage... a PP and Psych level convert is as good if not better than I am. There are several others on there that are very skilled at PP and S/R. I've passed the baton to EV (Eyevoltage) for that thread.
This thread has some very good PP trades.
Just throw the question out there... it will get answered.
Chart time... Chart time... Money Management... Practice... Patience..Ignored
DislikedGood Morning - I bought the bounce off the support around the 7550 level and have just taken profits at the 7600 level and will now wait for the London Open.......Ignored
DislikedGood Morning - I bought the bounce off the support around the 7550 level and have just taken profits at the 7600 level and will now wait for the London Open.......
Edit: Whilst GBPUSD has been consolidating and looks ready to move up, the Euro looks ready to break down and the Swiss to break up. If these happen, GBP will be pulled down too...Ignored
DislikedGood morning and good week everyone. Nice and quick trade Islander. I'd like to know, where was your exact enter and what was the SL? As a newbie, I have a problem with late ENT and in conseq. higher SL.Ignored
DislikedAt this time of the day - Frankies Hour - I often drill down to the 1 min chart and I was using it here. We already had a prior low in the 7550 area so a good possibility for a bounce. I bought at 7571 after the long green candle, stop was at 7550 - 1 pip under the low. Hint - a longer candle ( say > ~12 pips on a 1 min chart) relative to the preceeding ones often signals the start of a move......and if there is no follow through the end of a move too.
Please do your own backtesting - just walk your chart forward candle by candle and watch the action and put on your trade and see how it works out - you can even get a simulator called V Hands to help you.Ignored
DislikedLooking at M5, here's an ascending triangle with a couple of failed break-ups after meeting a resistance at the falling TL just above its ceiling. Let's see what happens next. What do you guys think?Ignored
DislikedThe Euro put in a low at LO with a graveyard doji on my 5 min hiting its 3550 level. USDCHF made a new high at 1.1420 and is now back under its 400 level so IF it will now have a retracemnt that should allow the Euro and the Pound to rally....TWTIgnored
DislikedI wanted to enter by the break of the blue TL and below the little correction, but because of the 7550 I didn't . May be I have to enter, if that is the second try to break (this morning was the first). Any advice?Ignored
DislikedThe Euro put in a low at LO with a graveyard doji on my 5 min hiting its 3550 level. USDCHF made a new high at 1.1420 and is now back under its 400 level so IF it will now have a retracemnt that should allow the Euro and the Pound to rally....TWTIgnored