Pin bar spoted
Money moves the market, not an indicator.
- #21
- Feb 15, 2018 12:34am Feb 15, 2018 12:34am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
- #22
- Feb 15, 2018 3:42pm Feb 15, 2018 3:42pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Pin bar spoted {image} {image}
Money moves the market, not an indicator.
- #23
- Mar 16, 2018 4:54am Mar 16, 2018 4:54am
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
Hello traders, here is a little gem I picked up recently, never sell above the 50 EMA and never buy below the 50 EMA
So, wait for a break of the 50 EMA, wait for a fractal to form, trade the breakout
Now here is down trend, price goes up, across the 50 EMA, makes a fractal, then it doesn't break, saves you any loss
Then it cross below the 50 EMA, makes a fractal, breakout trade is active, easy
I know it's a long time waiting, check other pairs, other time frames, you won't see clean price action like this, but use what you can from it
All the best
So, wait for a break of the 50 EMA, wait for a fractal to form, trade the breakout
Now here is down trend, price goes up, across the 50 EMA, makes a fractal, then it doesn't break, saves you any loss
Then it cross below the 50 EMA, makes a fractal, breakout trade is active, easy
I know it's a long time waiting, check other pairs, other time frames, you won't see clean price action like this, but use what you can from it
All the best
It takes a lot for me to IGNORE you, but you can try.
- #27
- Jan 7, 2021 11:33pm Jan 7, 2021 11:33pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} Erebus, Thanks for the good insight. Do you have this particular fractal indicator,i know this post is 2 years old- just wanted to check. Thanks
https://www.forexfactory.com/thread/...arry-indicator
It takes a lot for me to IGNORE you, but you can try.
- #28
- Jan 7, 2021 11:40pm Jan 7, 2021 11:40pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
And once you have a thread with something that interests you, don't forget, you can look over at the list of suggested Similar threads, and also, you can Search for Barry Support and Resistance, probably plenty out there on the internet
It takes a lot for me to IGNORE you, but you can try.
- #29
- Jan 7, 2021 11:46pm Jan 7, 2021 11:46pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
Not many traders looking at swiss yen? or maybe there is another thread about it?
Now look at monthly of NZDCHF or NZDJPY, see the difference?
It takes a lot for me to IGNORE you, but you can try.
- #30
- Jan 7, 2021 11:59pm Jan 7, 2021 11:59pm
- Joined Jul 2015 | Status: Trader | 2,299 Posts
{quote} From memory that is this one, quite a good choice actually, good luck https://www.forexfactory.com/thread/...arry-indicator
{quote} It's 2 funding currency, trading them against each other doesn't make sense, look at a monthly chart and tell me the last tradable trend you can find Now look at monthly of NZDCHF or NZDJPY, see the difference?
- #32
- Jan 16, 2021 8:40pm Jan 16, 2021 8:40pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} Yes it ranges tightly since 2015, a problem for position traders only. Swing traders and Day traders can still capitilize from it though.
When it's really like kissing your sister, feels good but you know it's wrong!
It takes a lot for me to IGNORE you, but you can try.
{quote} OH, come on, next you will be telling me that AUDNZD is the greatest pair ever!
- #37
- Jan 17, 2021 1:31pm Jan 17, 2021 1:31pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} Ok well, we each have our preferences so you don't need to trade it, I just thought it was interesting from a day trader's perspective.
It takes a lot for me to IGNORE you, but you can try.
- #38
- Jan 17, 2021 2:14pm Jan 17, 2021 2:14pm
{quote} Many traders lost interest in all CHF pairs since January 2015
USD/CHF is also a pair that is heavily observed for those who likes to trade gold.
Yeah I absolutely get that, they were huge losses in the 2015 CHF crash - very tragic
- #40
- Jan 18, 2021 3:23am Jan 18, 2021 3:23am
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} Not true, I believe many still trade USD/CHF; look at The Swamp thread. USD/CHF is also a pair that is heavily observed for those who likes to trade gold.
I still chart all the 28 pairs, and I do trade the USDCHF occasionally, it is the opposite of EURUSD, so the option is just to trade that.
Even AUDCHF gives good pips as does NZDCHF, while that is happening, usually all the AUD or NZD pairs moving together.
GBPCHF is good to trade, the opposite is EURGBP, keep an eye on those pairs together.
Always have a stop loss in the market, the line from Million Dollar Baby "Protect myself at all times."
It takes a lot for me to IGNORE you, but you can try.