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  • #1,381
  • May 7, 2020 11:11pm May 7, 2020 11:11pm
Quoting here2there
{quote} Don't bother with it. It lags very badly! Therefore, it will not be very helpful. If anything, it will likely make you lose and miss out on many trading opportunities.
You are right.

All that one needs to succeed with this system is to study and master the complete chart of this thread.
  • #1,382
  • May 8, 2020 12:21am May 8, 2020 12:21am
Hey All.

Is this a valid buy?

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  • #1,383
  • May 8, 2020 12:28am May 8, 2020 12:28am
Dear LauraT,
Million thanks for your generous hard work for teaching us how to read the market. For last 8 years i was failing to win consistently in FX. But, hope to be a good trader in future with commitment and eager to learn. Hope this will be a turning point of my FX. Love to learn from an expert like you. Thanks again and appreciate add me to your live group for learning as it is convenient for you. Thanks madam.
Consistency & Patience
  • #1,384
  • May 8, 2020 12:51am May 8, 2020 12:51am
Quoting Nishith
Hey All. Is this a valid buy? {image}
I dont like it....RSI is below 50 so that is outside the scope of this discipline. And looking left we are at a resistance level...
Its all just one persons opinion
  • #1,385
  • May 8, 2020 2:28am May 8, 2020 2:28am
Although it's a bank holiday in UK and France, it's also NFP day and that's due to be a huge number! Probably already priced in, but with NFP you never know.......

Maybe wise to stand aside today, thoughts anyone?
  • #1,386
  • May 8, 2020 2:35am May 8, 2020 2:35am
Quoting axecap
{quote} I dont like it....RSI is below 50 so that is outside the scope of this discipline. And looking left we are at a resistance level...
Thanks
  • #1,387
  • May 8, 2020 2:35am May 8, 2020 2:35am
Hi Guys, Tend to agree with you about NFP, Maybe look for the next couple hours then call it a day before the roller coaster ride starts.
  • #1,388
  • May 8, 2020 2:38am May 8, 2020 2:38am
Quoting rover99x
Although it's a bank holiday in UK and France, it's also NFP day and that's due to be a huge number! Probably already priced in, but with NFP you never know....... Maybe wise to stand aside today, thoughts anyone?
If you know its a huge number, then everyone knows it..or its not a huge number....either way, I still trade what i see on the chart
Its all just one persons opinion
  • #1,389
  • May 8, 2020 2:42am May 8, 2020 2:42am
Thanks, I got a chance to get out with a small profit so I cashed out

I will try to take trades with more discipline.
  • #1,390
  • May 8, 2020 2:45am May 8, 2020 2:45am
I am quite confident with 15 mins charts, still trying to get a hang on 5 mins as in 15 mins there are lesser opportunities for the past few days.
  • #1,391
  • May 8, 2020 3:18am May 8, 2020 3:18am
Quoting axecap
{quote} If you know its a huge number, then everyone knows it..or its not a huge number....either way, I still trade what i see on the chart
That's a fair point axecap, and it's what I normally do. But the concensus is it'll a large number, and Laura's method concentrates on lower time-frames so it'll have a big impact, particularly if the actual number differs from the prediction.
  • #1,392
  • May 8, 2020 3:23am May 8, 2020 3:23am
Quoting rover99x
{quote} That's a fair point axecap, and it's what I normally do. But the concensus is it'll a large number, and Laura's method concentrates on lower time-frames so it'll have a big impact, particularly if the actual number differs from the prediction.
I personally stand aside for red news (or protect my profits if I'm leaving trade open).
  • #1,393
  • May 8, 2020 3:26am May 8, 2020 3:26am
Quoting Sohocool
{quote} You have right it 's more difficult when the price is in sideways consolidation ,we can lose lot of money. With 2 channels histo ,we can avoid some false signals (Gray color) . Or don't trade when the 2 channels are too close . {image}
Can you put push notification alert when switch to green or red? thanks
  • #1,394
  • May 8, 2020 3:29am May 8, 2020 3:29am
Hey Guys,

Another trade,

Attached Image (click to enlarge)
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Here everything looks good except M15 which still green.

Will this be a valid entry?

Thanks.
  • #1,395
  • May 8, 2020 4:01am May 8, 2020 4:01am
Quoting Nishith
Hey Guys, Another trade, {image} Here everything looks good except M15 which still green. Will this be a valid entry? Thanks.
retest of yesterdays high and sma200 now, if that fails ...then yes.... but eurusd so news later
Its all just one persons opinion
  • #1,396
  • May 8, 2020 4:14am May 8, 2020 4:14am
Hi, Im new to this strategy. I came across it and interested in it. Is my entry correct?
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  • #1,397
  • May 8, 2020 4:17am May 8, 2020 4:17am
Quoting rover99x
{quote} That's a fair point axecap, and it's what I normally do. But the concensus is it'll a large number, and Laura's method concentrates on lower time-frames so it'll have a big impact, particularly if the actual number differs from the prediction.
Im sure it will be a very large number...it wont be a surprise if it is...so market reaction should be minimal. But yes shorter time frames and news is not a good mix, short term volatility can stop you out. I generally take the view that 15 minutes after the news the chart continues where it was already headed. However I'm not trading USD pairs much at all at the moment. GJ GN EA and EJ are my preferred due to large ADR and low impact from the Twitter twit. This system seems to work well with those pairs too
Its all just one persons opinion
  • #1,398
  • May 8, 2020 4:51am May 8, 2020 4:51am
Quoting Vidad
Hi, Im new to this strategy. I came across it and interested in it. Is my entry correct? {image}
It looks valid to me, if you are new probably you may want to go long when RSI is above 60 and short when it is below 40. Quite a few people do it at 50 above for long and below for short, but I believe the original recommendation was to use 60/40.
  • #1,399
  • May 8, 2020 4:53am May 8, 2020 4:53am
Quoting axecap
{quote} Im sure it will be a very large number...it wont be a surprise if it is...so market reaction should be minimal. But yes shorter time frames and news is not a good mix, short term volatility can stop you out. I generally take the view that 15 minutes after the news the chart continues where it was already headed. However I'm not trading USD pairs much at all at the moment. GJ GN EA and EJ are my preferred due to large ADR and low impact from the Twitter twit. This system seems to work well with those pairs too
Yep it's all about the consensus and how far adrift the actual is. Interesting you find the method works well on those crosses, I'll kake a look at them. I'm, at the moment, concentratiing on Oil and Indices on M1
  • #1,400
  • May 8, 2020 5:21am May 8, 2020 5:21am
Quoting Nishith
Hey Guys, Another trade, {image} Here everything looks good except M15 which still green. Will this be a valid entry? Thanks.
Hey can some help me out how to install this strategy in mt4 please
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