Been watching some videos, Does this look any better?
How to Beat the Market Makers at Their Own Game
- #84
- Jan 16, 2020 7:02am Jan 16, 2020 7:02am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
GBP quite strong especially after recent newsflow! Expect GJ up to 144.00 and above - but with NY about to open who knows
Guys what I found from previous experience on trading S/R levels is that they are like pie crusts - made to be broken!
However waiting for ema cross (or candle confirmation?) which I think that newbie2014 is doing of course puts the odds back in your favour. I like the ema cross method but often of course this can occur much later
Here are two examples - I have showed some S/R levels and one can see some breakthroughs but by using the ema cross one can avoid getting caught.
I'm sure newbie2014 is using different method but that's what I'm doing anyway
Guys what I found from previous experience on trading S/R levels is that they are like pie crusts - made to be broken!
However waiting for ema cross (or candle confirmation?) which I think that newbie2014 is doing of course puts the odds back in your favour. I like the ema cross method but often of course this can occur much later
Here are two examples - I have showed some S/R levels and one can see some breakthroughs but by using the ema cross one can avoid getting caught.
I'm sure newbie2014 is using different method but that's what I'm doing anyway
- #88
- Jan 16, 2020 8:42am Jan 16, 2020 8:42am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
{quote} Keep it simple {image}
I think that perhaps we (small traders) tend to make things way too complicated - of course the reason for that is when one is mainly trading lower time frames one needs all the help one can get from ema's and indi's, etc. When one is trading the higher time frames, one really only needs naked price action and a good knowledge of supply/demand and candle patterns of course. The benefits can be enormous in fact I think that, in the main, the guys that are winning BIG in this game are trading daily/weekly charts - and unlike most of us they are NOT looking for 30 or 40 pips as a minimum, they are looking for 300 to 400 pips as a minimum!
- #89
- Jan 16, 2020 9:02am Jan 16, 2020 9:02am
- | Membership Revoked | Joined Jun 2014 | 1,966 Posts
{quote} I like the sound of that, I really do!
- #92
- Jan 16, 2020 9:29am Jan 16, 2020 9:29am
- Joined Jun 2017 | Status: Trader | 2,403 Posts
I really like your board and style of trading hope you don't mind me putting my stuff out here. If I am infringing on your board I will take it off just let me know. 
- #95
- Jan 16, 2020 10:36am Jan 16, 2020 10:36am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
What about GJ - looks like an interesting area - looking for reversal sign later? Just naked price action
And GBPAUD - what goes up must come down (hopefully) 1.8980 area?
And GBPAUD - what goes up must come down (hopefully) 1.8980 area?
- #96
- Jan 16, 2020 10:43am Jan 16, 2020 10:43am
- | Membership Revoked | Joined Jun 2014 | 1,966 Posts
{quote} I got in this too, looking good so far
Congratulation
more room to down . keep eye on 4H demand areas . cheers !!!
- #97
- Jan 16, 2020 10:45am Jan 16, 2020 10:45am
- | Membership Revoked | Joined Jun 2014 | 1,966 Posts
What about GJ - looks like an interesting area - looking for reversal sign later? Just naked price action
- #98
- Jan 16, 2020 12:30pm Jan 16, 2020 12:30pm
- Joined Feb 2011 | Status: Trader | 6,018 Posts
{quote} It will go further up .. another 50 / 100 pips up .. it's not going to reverse today for my analysis
So I decided to go for EURGBP instead!
