
Trading Made Simple 140,461 replies
Trading Made Simple the right way, and other trading lessons 324 replies
Spoof's Trend, Level, Signal Trading Journal 109 replies
Trading Made Simple Charts Journal 2 replies
Disliked{quote} I'm sitting this out. Price is at a very strong resistance area at the moment. If it breaks and retests I will be looking for long signals at that point. {image}Ignored
Disliked{quote} So we do consider S/R them?just kidding, I figure it has some room to get it to be and see if it breaks above
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Disliked{quote}Good question. I would say yes and no. When I see a resistance/support area that has been respected several times I am leery about trading against it until I get some confirmation that it is actually broken and a continuation is likely. Near term S/R I generally don't care about as they fail all the time as price trends, but these more prominent areas need to looked at carefully. A decision will be made here as to whether or not this area breaks and becomes new resistance or if price respects it and bounce back down. Either way the...
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Disliked{quote} I agree, whatever system you choose we have to use some of our experience. This are the reasons why I took this one on UJ, not sure if will work out or not but thats not rly important, what matter in the end is expectancy and positive R:R ratios. {image}Ignored
DislikedLooks like I missed this trade I was waiting for on GBPAUD - it's exactly what I was waiting for but I don't catch the close of the midnight candle that occurs at 4am for me. Sleeping will do that sometimes! I am not going to enter now...that's just chasing after price and is a behaviour that rarely ends in the trader's favour. Patience. Sit this one out and wait. I am still flat in the market and will just wait for some set ups. There were a few big moves last week so we can likely expect some consolidations or even a direct reversal of moves (like...Ignored
Disliked{quote} Hi Merc - I was in at the earlier signal but not bothered with another entry. Good trades to you{image}
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Disliked{quote} Hi Merc - I was in at the earlier signal but not bothered with another entry. Good trades to you{image}
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Disliked{quote} Hi TS - My chart times slightly different to yours ( Axi trader ) . Signal was on 5th bar - too many imho. Good result though eh ?{image}
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Disliked{quote} Here is a video sharing my trades for the last three weeks on the AUDUSD. I talk about my thoughts behind the entries, stop loss and trailing the stops. https://youtu.be/M54U8vkN2wQIgnored
Disliked{quote} I'm sitting this out. Price is at a very strong resistance area at the moment. If it breaks and retests I will be looking for long signals at that point. For me, I am inclined to wait for a short signal. Who knows at the end of the day{image}
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Disliked{quote} I am already in usd jpy trade did not see the resistance just followed the signal. I have a full-time job. When I see a signal just enter and it makes my life easy. Simply follow the rules. {image} Another trade. Just followed the rules. {image} Spoof thanks for Fib video. Your video is helpful than the text. I will keep on watch it to build chart memory.Ignored