"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Cable Update (GBPUSD)
- #603,642
- Jun 18, 2021 1:23am Jun 18, 2021 1:23am
- Joined Mar 2017 | Status: american cichlid lover | 1,302 Posts
{quote} Lha koq sama bonek nya ???
hidup +62
Trade with prediction = witch with her visions lol
- #603,643
- Jun 18, 2021 1:25am Jun 18, 2021 1:25am
- Joined Mar 2017 | Status: american cichlid lover | 1,302 Posts
{quote} aduh aku sell lagi pula 1.38800
kalo turun lagi yah buy lagi.
Trade with prediction = witch with her visions lol
- #603,645
- Jun 18, 2021 1:28am Jun 18, 2021 1:28am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
- #603,646
- Jun 18, 2021 1:35am Jun 18, 2021 1:35am
- Joined Dec 2020 | Status: Re█████ | 2,877 Posts
Air force
- #603,647
- Jun 18, 2021 1:35am Jun 18, 2021 1:35am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #603,648
- Jun 18, 2021 1:36am Jun 18, 2021 1:36am
- Joined Oct 2010 | Status: Trader | 4,465 Posts
Follow The Markets Structure - Patience and Discipline
- #603,649
- Jun 18, 2021 1:38am Jun 18, 2021 1:38am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
{quote} di chart owe sih ada demand di segituan.. jadi nge buy dah kalo turun lagi yah buy lagi.
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #603,650
- Jun 18, 2021 1:41am Jun 18, 2021 1:41am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
- #603,651
- Jun 18, 2021 1:42am Jun 18, 2021 1:42am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #603,652
- Jun 18, 2021 1:44am Jun 18, 2021 1:44am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
- #603,653
- Jun 18, 2021 1:45am Jun 18, 2021 1:45am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
- #603,656
- Jun 18, 2021 1:55am Jun 18, 2021 1:55am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,556 Posts
Price breaks of support/resistance can be the most explosive of all moves.
I'm not sure of what you already know. But this is where I plan my trade.
This is just about chapter one of Technical Analysis.
Whether you wait for price to break the given level by 1 pip or 5 pips or even more is the tricky bit and can depend on the time frame.
You just need to play a bit.
When you find a significant Support & Resiistance Level...
... One that has shown in the past to be a significant barrier to price progressing lower/higher...
...You know you have a great base for a possible trade.
Before placing a trade, you need to evaluate whether there are any other significant support levels below that level that will prevent you from achieving a reasonable profit if price decides it ain't going any lower.
This has to be balanced with how far upwards your stop-loss level is in relation to that level (Risk to Reward)
It's the basis to all T/A.
If you don't spend time looking through your available time frames checking for possible support/resistance areas (including trend lines & pivots fibs etc) you are flying blind.
They act as a great road map. Use H4 minimum.
A major level that can't be seen unless you zoom out to a larger time frame.
The most significant levels are the ones on the weekly charts or higher. OR, when a level is hit on the daily charts many many times.
About the Map
The main thing is that you do is, trade the higher time frames.
Try to exclusively stick to the H4 charts. Only looking at LTF (mainly the H1 or M30 charts) to cement a trading decision.
Once you've entered your trade you need to AT LEAST wait until the H4 candle is complete.
If it's a "follow on" candle I even wait at least an hour into the new candle before checking on my trade to maybe close it.
Trade Well *Safe.
I'm not sure of what you already know. But this is where I plan my trade.
This is just about chapter one of Technical Analysis.
Whether you wait for price to break the given level by 1 pip or 5 pips or even more is the tricky bit and can depend on the time frame.
You just need to play a bit.
When you find a significant Support & Resiistance Level...
... One that has shown in the past to be a significant barrier to price progressing lower/higher...
...You know you have a great base for a possible trade.
Before placing a trade, you need to evaluate whether there are any other significant support levels below that level that will prevent you from achieving a reasonable profit if price decides it ain't going any lower.
This has to be balanced with how far upwards your stop-loss level is in relation to that level (Risk to Reward)
It's the basis to all T/A.
If you don't spend time looking through your available time frames checking for possible support/resistance areas (including trend lines & pivots fibs etc) you are flying blind.
They act as a great road map. Use H4 minimum.
A major level that can't be seen unless you zoom out to a larger time frame.
The most significant levels are the ones on the weekly charts or higher. OR, when a level is hit on the daily charts many many times.
About the Map
The main thing is that you do is, trade the higher time frames.
Try to exclusively stick to the H4 charts. Only looking at LTF (mainly the H1 or M30 charts) to cement a trading decision.
Once you've entered your trade you need to AT LEAST wait until the H4 candle is complete.
If it's a "follow on" candle I even wait at least an hour into the new candle before checking on my trade to maybe close it.
Trade Well *Safe.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #603,657
- Jun 18, 2021 1:57am Jun 18, 2021 1:57am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #603,658
- Jun 18, 2021 2:02am Jun 18, 2021 2:02am
- Joined May 2016 | Status: Clueless | 6,896 Posts
{quote} Oo JB you're sounding like a wave analyst now. I foresee 1.316ish myself but the waves I'm no good at it. Seriously considering taking an Elliot wave course.
Truth be told, I have no clue on wave analysis bro. I know a few on here that knows a lot about it. Those lines I have on my charts may look like 'just lines' to anyone but I actually derived them using a few ideas.TA will always connect regardless of which we use.
Go for the lessons as I think it may come really handy
Be safe
- #603,659
- Jun 18, 2021 2:16am Jun 18, 2021 2:16am
- Joined Oct 2020 | Status: Trader | 14,119 Posts
Insane in the Brain..
- #603,660
- Jun 18, 2021 2:17am Jun 18, 2021 2:17am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!