Zero Line Reject

Thank you for your support 'Wave'.

R-

Traders, this trade was the only thing on the higher TF that even looked appealing to me. I took a FOMO trade. If I had played by the rules, I would still be in the trade. I did shade in the contraction and expansions portions, the last couple of days, this pair was on the move in my favor. It jut stopped me out at 2R. FOMO trades are not to be taken. I got very lucky.

The silver lining on this... the 4H has a great set-up, entry and all for anyone. I will be using my 'earned pips' and entering. Work has had me very busy for a number of days.

Enjoy
Reno

NJ 4H, I fully expect the contraction {blue} to be retested. It'll largely depend upon how strong the trend is. This is the 'right' kind of entry. This will either lose, B.E., or blast off. The market is never wrong.

Thx Reno

At least I was right about a part of the trade, the contraction being retested.

Got in a little late on this one. EJ 1H

Hello Golden Fib
That's a real nice entry for a different thread. The rules for this thread are on page one. They are clear. Renko is good for some also, on a different thread. Thank you in advance for sticking to the rules.

Thx Reno

Greetings traders,
I decided it was time to edit my original page. Not a lot to edit, when you find something that works well, a bit of tweaking is all it takes. I use MTF analysis to find good opportunities.

AUDCAD one of my favs, I first peeked at the 30m, then the 15. I don't trade until the LO. I either use the 50 to trail or a two bar trail, I'm not greedy. In less than one hour, I was done with work. Cannot do that in a factory.

Greetings, Reno

Greetings Traders,
STOP looking at multiple charts. Most platforms allow you to know a higher TF simply by plotting a higher MA. On the chart above, I did not have to look at the 30m because the top thick line represents the moving average I'm most interested in that's on the 30m chart. Humans are making stuff way too difficult. Take your money and run. I don't need home run trades to do well in forex, you don't either.

Last week, I made a 1% profit in 8 minutes friends. I say that to impress upon you, this is not difficult. I used to make trading difficult too. Find something that repeats and trade it over and over. All traders have losing trades.

Last month, watching the Yen, I had to wait 15 minutes to consider this trade. This by far is my favorite trade of the year... I was at my desk for 30 minutes. I did plot a second vertical line, denoting a second possible entry which would have netted another 1%. I walked away after 30 minutes.
On this chart, I did plot lines for a HS. I don't take those formations serious on the lower TF, but this one worked.
Zero line reject on the 5m chart.
Hope everyone is having a wonderful weekend.
Thx Reno

Friends, I watched a video a couple years ago that got me upset. It was in regards to indicators that repaint. At the time, I thought no big deal. I didn't want to believe it, especially with the indicators that I choose for my trading.

I've been using the CCI 14 indicator for quite a while, never giving it much thought. And then it happened.

I took a trade some time ago, based on the 14 'closing' below the zero line. I do remember getting out early. I also remember looking at my entry and seeing that the same line was ABOVE the zero line. The CCI had repainted.

I am convinced... there are indicators out there that repaint. Today I generate pips using both the 50 and the 14 CCI. I have no plans of changing that. Beware of the indicators you are using.

As traders, we have enough variables going against us, be wise and know what you want and work hard to get it.

Greetings, Reno

For years I have found Fibs to be not only accurate but most of all, objective. When you plot the fan on a weekly and price closes BEYOND the 88 level, the likelihood of price courting the 100 are high.

The highest TF I trade is the 4H, mostly the 5m. I'm willing to bet I'll get a fair trade on this EURUSD before weeks end.

My target will be 1.0640 -ish.

I also use the fan on the Daily, with the same analysis concerning the 88 level. It's the only level I'm interested in.

Both CCI's are in bearish extreme mode. I never trade an initial break of any -100/100 level, that could spell disaster (range). I wait for the CCI to head back to zero for at least one bar or head to a smaller TF.

Greetings, Reno

https://eminimind.com/38-steps-to-be...essful-trader/

Hello fellow traders. I have this exact list on my wall and review it OFTEN.

It is a quick read, it is VERY telling and accurate for many of us. Enjoy!

This list helps me daily.

Greetings, Reno

Good Morning Traders,

Feeling hopefully optimistic about this one AUDNZD on the 15m. Go team go! I may trade 15m on Mondays.

Greetings
Reno

Also noted the hidden divergence showing on the 14 CCI. Just another reason I enjoy trading the ZLR.

R~

I certainly hope I'm not the only trader that enjoyed the KIWI long trade today?

KIWI, on the D1, if price closes above the 100 fib level, it will likely go on at least to the 127 fib level. .6988.

Near perfect HS USDCHF 1H

Netted a super cool 2% super quick on this HS formation. Explosive move, took a pause at a nearby support level.

Hello!
What is this MA?