Disliked{quote} Hello, you forgot about one of the main rules for traders: 1. Do not trade with the phone. 2. Do not buy courses and training. 3. Do not use indicators. 4. Do not trust the broker. 5. Do not use the last of your money or the money of your family. 6. See my trading results,13 years of experience. 90% of deals are profitable. Forum for discussion: forexmyprosperity comIgnored
james16 Chart Thread
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- #142,505
- Nov 4, 2018 2:00pm Nov 4, 2018 2:00pm
- Joined Jun 2013 | Status: Trader | 1,732 Posts
Mallee i have a bit different TL on AUD/USD {image} i like your box on EUR/CAD@king i like your first 5 points. The six doesn't make sense since you said don't buy anything about forex
- #142,506
- Nov 5, 2018 10:50am Nov 5, 2018 10:50am
- | Commercial User | Joined May 2013 | 1,157 Posts
It's tough to make predictions, especially about the future...
Aleks welcome to this great thread; it's possible to trade what you want if you think it's a good trade. But IMO EUR/USD is a indecision bar( doji- the open/close is at the middle of the bar). Look at USD/PLN that is a good pinbar( open/ close in the 1/3 of the bar)
step number 1 is to draw a pattern, ppz area where you want to trade
let's look at your pairs
1. EUR/USD- you have an indecision bar below the PPZ
so it's no trade for me
2.USD/PLN IMO price is in a box( consolidation); in every box the midpoint is PPZ
since the price is in a box i want to trade at the top or the bottom of the bar; so no trade
step number 1 is to draw a pattern, ppz area where you want to trade
let's look at your pairs
1. EUR/USD- you have an indecision bar below the PPZ
so it's no trade for me
2.USD/PLN IMO price is in a box( consolidation); in every box the midpoint is PPZ
since the price is in a box i want to trade at the top or the bottom of the bar; so no trade
{quote} Davpot in every box i want to trade the top or the bottom of the box. If i trade the break out the box i want a BOUB( for the top) of a BEOB(for the bottom). If the price didn't "show" us the PA i will wait for a retest of the top or the bottom and if this time the price "show" us the PA i would take the trade example for short 2H BEOB USD/CAD {image} example for long {image} example for false breakout {image} sorry for old chart and for my english hope you understand P.S. USD/ SEK looks interesting {image}
Aleks i quote my post from last year. It shows how i want to play boxes and why i don't trade the USD/PLN pinbar
you also want to see the youtube channel: https://www.youtube.com/user/J16grou...able_polymer=1
also some of the material that i have
- #142,513
- Nov 7, 2018 2:31am Nov 7, 2018 2:31am
- Joined Jun 2013 | Status: Trader | 1,732 Posts
NJ caught a nice move here, stalled atm 
- #142,515
- Nov 7, 2018 3:18am Nov 7, 2018 3:18am
- Joined Jun 2013 | Status: Trader | 1,732 Posts
AUDCAD Lot of space here. 
Aleks IMO you have drawn good PPZ at every pair but:
1. USD/CAD is too choppy to trade now; look at Ozzie chart that is a rising wedge and he use the trigger to take the trade 2*4H(8H) BEOB and now he is in a big drawdown or he closed the trade;
2. USD/MXN IMO the best area to watch for PA is 19.5 area
Mallee in that trade his R:R is 1:1. Maybe he will cut his loss somewhere.... i don't understand why he sell there; my only option at GBP/NZD was his sell limit; maybe Ozzie can make us understand why he took this trade
1. USD/CAD is too choppy to trade now; look at Ozzie chart that is a rising wedge and he use the trigger to take the trade 2*4H(8H) BEOB and now he is in a big drawdown or he closed the trade;
2. USD/MXN IMO the best area to watch for PA is 19.5 area
Mallee in that trade his R:R is 1:1. Maybe he will cut his loss somewhere.... i don't understand why he sell there; my only option at GBP/NZD was his sell limit; maybe Ozzie can make us understand why he took this trade