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6200trading Method

  • #101
  • Aug 11, 2019 8:00pm Aug 11, 2019 8:00pm
In addition to the pending order on the AUDNZD, if I wasn't already in the EURUSD, I would look for an entry.
  • #102
  • Aug 11, 2019 8:06pm Aug 11, 2019 8:06pm
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
  • #103
  • Aug 11, 2019 8:22pm Aug 11, 2019 8:22pm
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.

I did put a sell already, this one seemed obvious to me as well. Sl just above the high, and reward at least 2x if not more...

Attached Image (click to enlarge)
Click to Enlarge Name: example.png Size: 58 KB


Edit: this was EURUSD...

for USDCAD i thought to wait it out.. looks like an Ema cross soon to the wrong direction, but could be a pull back as well.
  • #104
  • Aug 11, 2019 8:35pm Aug 11, 2019 8:35pm
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
U/C is back to a support area at around 1.3200........from here it might go up or down, not clear to me........taking the oil price in consideration, I`ll pass on a short....
can hardly get into my own brain, let alone yours......lol............good luck anyway.
  • #105
  • Aug 11, 2019 8:38pm Aug 11, 2019 8:38pm
Not sure if you are following gold. But there might be an opportunity coming up too there.

Attached Image (click to enlarge)
Click to Enlarge Name: example.png Size: 54 KB
  • #106
  • Aug 11, 2019 8:42pm Aug 11, 2019 8:42pm
Quoting Beerbelly
Not sure if you are following gold. But there might be an opportunity coming up too there. {image}
will be a counter trend trade
  • #107
  • Aug 11, 2019 8:46pm Aug 11, 2019 8:46pm
maybe to sell at resistance
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 64 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #108
  • Aug 11, 2019 8:47pm Aug 11, 2019 8:47pm
Quoting Beerbelly
Not sure if you are following gold. But there might be an opportunity coming up too there. {image}
If you look at that Gold chart ( and I do not follow Gold), it should be good when it comes back.
  • #109
  • Aug 11, 2019 9:18pm Aug 11, 2019 9:18pm
Quoting Inthebox
maybe to sell at resistance {image}
Not bad.
  • #110
  • Aug 11, 2019 11:47pm Aug 11, 2019 11:47pm
Quoting Inthebox
maybe to sell at resistance {image}
sold. appropriate time to put to break even.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 63 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #111
  • Aug 11, 2019 11:55pm Aug 11, 2019 11:55pm
Quoting Inthebox
{quote} sold. appropriate time to put to break even. {image}
You're killing me. Maybe a thread is order for you.
  • #112
  • Aug 11, 2019 11:59pm Aug 11, 2019 11:59pm
Quoting 6200trading
{quote} You're killing me. Maybe a thread is order for you.
? just applying to multi time frame.
ITB - Seeing Orderliness amongst 'Randomness'
  • #113
  • Aug 12, 2019 6:36am Aug 12, 2019 6:36am
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
Hi!
In my opinion the reason is obvious.
The long-term trend of 6 months is down.
The medium term trend of 3 months is down.
The short-term trend of 1 month is up.
Based on this analysis, the one month uptrend should first be done "no Trend"

For this reason one has to wait especially when the chart is daily.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 90 KB
  • #114
  • Aug 12, 2019 2:54pm Aug 12, 2019 2:54pm
Hi 6200. I have subscribed to your thread. I have been trying to learn Forex for years now, without much success. The more indicators we add on the charts, the less we see what's happening. I like your method as it's simple to follow and I like MA's. Would it be possible to add occasionally some charts with the trades you took? I think the most difficult part for me (and probably for others) is when do you decide the pullback is over and you enter the trade? There are times when the price action just blasts through the 20MA and 50MA then gets rejected by the 200MA; sometimes it even penetrates the 200. When the pullback is in progress, do you enter a lower TF and study the candle formation or any other forex studies? (ie fibs, pivots, round numbers, resistance/support). Good luck with your thread.
  • #115
  • Aug 12, 2019 5:24pm Aug 12, 2019 5:24pm
Quoting 6200trading
I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.
The most obvious sign to short that I can see is the gigantic rejection once the price action kissed the 200MA which also coincided with a round number (1.33000 level) however from what I can see the bulls are still in control.
  • #116
  • Aug 12, 2019 8:26pm Aug 12, 2019 8:26pm
Quoting emadmax001
Hi 6200. I have subscribed to your thread. I have been trying to learn Forex for years now, without much success. The more indicators we add on the charts, the less we see what's happening. I like your method as it's simple to follow and I like MA's. Would it be possible to add occasionally some charts with the trades you took? I think the most difficult part for me (and probably for others) is when do you decide the pullback is over and you enter the trade? There are times when the price action just blasts through the 20MA and 50MA then gets rejected...
very often I will move to a lower timefame for entries and for places to put my stop.

The most important thing for you to grasp is that the actual idea to trade. The daily chart will give this.
  • #117
  • Aug 12, 2019 8:31pm Aug 12, 2019 8:31pm
Quoting Inthebox
{quote} sold. appropriate time to put to break even. {image}
I apologize for getting short with you.
  • #118
  • Aug 13, 2019 12:52am Aug 13, 2019 12:52am
Quoting 6200trading
{quote} I apologize for getting short with you.
it's alright hit break even. a number of candle tails with lower high appeared earlier. the three sma for d1 and h4 pointing down. so bias is still down.
ITB - Seeing Orderliness amongst 'Randomness'
  • #119
  • Aug 13, 2019 5:40am Aug 13, 2019 5:40am
Hey 6200trading,

thanks for sharing your thoughts and methods about trading.
Your contributions are very interesting to read and im looking forward to see more of this.

Would you like to share how many markets you are monitoring?


thanks and greetings
  • #120
  • Aug 13, 2019 5:35pm Aug 13, 2019 5:35pm
Quoting TheCrusade
Hey 6200trading, thanks for sharing your thoughts and methods about trading. Your contributions are very interesting to read and im looking forward to see more of this. Would you like to share how many markets you are monitoring? thanks and greetings
For this thread, the majors and minors. No exotics. No Gold, no oil and no commodities or indexes.

BUT, this method will work trading anything, even those I just mentioned.
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