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
DislikedLooks like your able to apply your strategy to any pair without any problem EV! Are you consistently trading the Aussie now along with EURUSD, GBPUSD and USDCHF?
Here's a symmetrical triangle in M5 cable.Ignored
DislikedYeah, I'm watching that triangle too!
My strategy is pretty loose, mate, mainly centred around the various candle patterns. If they occur at any of the main SR points or around the 13ema and the set-up looks right, taking into account the trend, then it's usually a go. Obviously, not all of them work out, but as long as more do than don't, then I'm happy. I have my entry points pretty much nailed, but my exits can sometimes be far too early, but I'm working on them!!
I've only looked at the Aussie this morning. I was getting a bit bored,...Ignored
I currently take partials around a level when I have more than 50 pips of profit and let the remainder run, looking for even more pips - with a trailing stop.....
DislikedAfter the initial breakout from the sideways channel. Cable then pulled back and met resistance at the confluence of the previous broken support of the channel, 76.4% retracement and the falling TL. It then formed a shooting star. Short after price crossed below the shooting star. TP was placed and hit just above the psyche level-1.4700. 100% extension was around the 123.6% level.Ignored
DislikedGM - nice one fx.....my trusty 5m 34 ema was heading down to the 4750 level just before FO and cable obligingly pulled back towards it to give me a nice sell - I've taken partials at the 700 level and have a limit order at 650 for the remainder - I have MS2 at 643...Ignored