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Charting with Median Lines

  • #421
  • Aug 4, 2017 6:10pm Aug 4, 2017 6:10pm
EUR/USD weekly
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  • #422
  • Aug 4, 2017 6:11pm Aug 4, 2017 6:11pm
GBP/USD weekly
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  • #423
  • Aug 16, 2017 4:48am Aug 16, 2017 4:48am
USDollar Index wkly
-Wednesday midweek-
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  • #424
  • Aug 17, 2017 7:48am Aug 17, 2017 7:48am
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Slow and steady 700% profit in 4 months.
  • #425
  • Aug 20, 2017 2:46pm Aug 20, 2017 2:46pm
USDollar Index wkly
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  • #426
  • Aug 20, 2017 2:46pm Aug 20, 2017 2:46pm
EUR/USD weekly
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  • #427
  • Aug 20, 2017 2:47pm Aug 20, 2017 2:47pm
AUD/USD weekly
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  • #428
  • Aug 20, 2017 3:36pm Aug 20, 2017 3:36pm
Quoting AlexC
{image} Slow and steady 700% profit in 4 months.
Great job Alex,

so you are now long on AU and EU guided by the pitchforks ?
does the pitchfork help you to adjust SL and position size ?
One more if you don't mind, are you pure technical or you take into account fundamentals as well ?

lots of questions
appreciate your answer
estote parati
  • #429
  • Aug 20, 2017 6:00pm Aug 20, 2017 6:00pm
Quoting Jabloko
{quote} Great job Alex, so you are now long on AU and EU guided by the pitchforks ? does the pitchfork help you to adjust SL and position size ? One more if you don't mind, are you pure technical or you take into account fundamentals as well ? lots of questions appreciate your answer
Thanks. I am a technical trader but I pay attention to the "funnymentals". I do keep an eye out for news because they cause price moves to speed up.
The pitchforks are guides and definitely do help with my decisions.
As you can see from the US$ index weekly chart posted, it has been trending lower for some time and that last bullish candle closed less than 38% up. Not a bullish sign. Having that information direction-wise with pitchfork declining, market seems more risk on. Will the dollar stall here, reach up to the median line and drop or drop directly, only the central banks market makers know.
Summertime volume will pick up in about 15 days but in the mean time we take one week at a time, one day at a time, one hour at a time and so forth.
  • #430
  • Aug 20, 2017 6:02pm Aug 20, 2017 6:02pm
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  • #431
  • Aug 21, 2017 3:27am Aug 21, 2017 3:27am
Hi Alex
can you say anything about your money management ?
are you adding to losing position but within your risk for instance ?
estote parati
  • #432
  • Aug 21, 2017 10:40am Aug 21, 2017 10:40am
Quoting Jabloko
Hi Alex can you say anything about your money management ? are you adding to losing position but within your risk for instance ?
Money managment is an very integral part of trading if you want to succeed. No joke. It takes alot of discipline. Don't trade live until you understand it thoroughly or you will crash & burn. I won't go into details but there are lots of books and videos on the subject.
Adding to a loosing position is not a good idea. When you plan ahead to add positions in your buy/sell zone area then your just adding positions. Simple.
  • #433
  • Aug 21, 2017 11:10am Aug 21, 2017 11:10am
Attached Image
  • #434
  • Aug 21, 2017 11:15am Aug 21, 2017 11:15am
Quoting AlexC
{image} Slow and steady 700% profit in 4 months.
No way! You serious....

Interesting
  • #435
  • Aug 21, 2017 5:40pm Aug 21, 2017 5:40pm
GBP/USD weekly
-Monday-
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  • #436
  • Aug 21, 2017 5:42pm Aug 21, 2017 5:42pm
GBP/USD daily
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  • #437
  • Aug 25, 2017 7:19pm Aug 25, 2017 7:19pm
GBP/USD weekly
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  • #438
  • Aug 25, 2017 7:20pm Aug 25, 2017 7:20pm
USD/CAD weekly
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  • #439
  • Aug 25, 2017 7:21pm Aug 25, 2017 7:21pm
AUD/USD weekly
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  • #440
  • Aug 25, 2017 7:23pm Aug 25, 2017 7:23pm
EUR/USD weekly
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