Let's See, Who prdedicted that 1.9609..by the way it wasn't me
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SRDC Episode I 1,331 replies
SRDC II Channel of the day 74 replies
Discussion on Indicators pertaining SRDC 62 replies
SRDC II Journal for All 11 replies
SRDC II Charts posting and discussion pertaining to it 37 replies
Quoting 4rexDislikedAccrete...It really made the fibs clearer for me and I hope others too. Are you or have you join the TeamSpeak group? It would be nice to have you share your expertise live.
Thanks AgainIgnored
Quoting henschDisliked1. Did I do correctly for today's LRC & Fibo for today's trade setup?
Bom Bom, LRC is OK, Fibos are placed at 00:00 every day inside the channel.
Please read previous post where I explain in detail how to draw Fibos.
2. Please, take a look on the rectangle I draw on my chart. Say, that time I
enter buy position on both the arrows (once the price hitting the lowest channel
which was on Q4), sure I'll get a floating loss at the moment. Do you think what
is the best Stop Loss to put on that trade? Do we always put 50 pips stop loss?
Again, read my answer to Lou, however, if you are not an experienced trader,
refrain from going counter trend, it can be dangerous.
HenryIgnored
Quoting John-PaulDislikedHi Fellow Jedites,
I'd like to know if anyone knows any other broker like IBFX whose got charts that shows the weekend candle (Sunday). I really wouldn't wanna miss out on the Monday trading thing u know . I tried downloading the platform but couldn't. Customer service says I can only use the browser-based platform (demo version) as opposed to the Windows standalone version b'cos it (browser-based ver) doesn't require a Username and Password. But man, My Internet connection speed cant support the browser-based platform ( It keeps goin' off and on).
I just can't understand why IBFX could possibly make things difficult for prospective customers. Why don't just give me a ****** password and Username and get along with it !
Secondly, Master Roshan had said something 'bout taking profits at different levels: T1, T2, T3 at different %s usually from higher to lower respectively. How can this be? Do I trade 3 lots in one order or 3 orders with one lot each? Master! Master!! Jedi protege in Confusion .
The guys at TeamSpeak were of some help though, but I guess everybody'll feel better with OR's explanations.
So far, It's been all cool. Just advise everyone to hang out a lil at TeamSpeak. It's very interesting and informative, even if you'r only listening.
Anybody using or ever tried FXSol in live trading? Pls. I'd need your recommendations. My dough could be on the line you know...
Still dancing in the Asteroid Channel...
Over and Out,
J-PaulIgnored
Quoting OrangeRoshanDislikedWhen you trade today, I hope you guys are making tons of pips!!
The day starts with Q3, where I waited until it jumped to Q2 and enter short (following the trend) at 1.9640. Then following the Payroll announcement, the candle bear about 50pips down to gain momentum before it starts a bullrun.
Knowing the figure indicates a Weaker US data, so I exited at 1.9540 (just outside the bottom channel), accumulating a good 100pips and Start a LONG trade until now still riding. Im holding an equity from this long trade of about 180pips. Add with the 100 i banked in earlier, thats a total of 280pips. Not bad for a Jedi.
It looks like the US economy is going to enter into recession... prepare a BULL GBPUSD. Lets see where the candle settle today and LRC might has to be adjusted this monday. As I suspected, Monday is usually a trend change day (check the charts).
I will post my trades later, when i get back home.
May the Pips be with you.Ignored
Quoting FXWHEELSDislikedHi,
Quick question...hensch had mentioned in his update posted a couple of pages back that when price spikes and predominantly leaves the channel as it did eralier today...we pull the LRC to the last closed candle on the 1H...at this time do I readjust my daily Fib to the new top & bottom channel ???
RegardsIgnored