What do you think about this one? Seems to be fine by me. Valid also... On GBP/JPY we are already on the way up...
Drawing Correct Trendlines 58 replies
Drawing Gann Grid in mt4, the correct way 3 replies
Drawing correct S/R and pivot 8 replies
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Drawing support and resistance lines 4 replies
DislikedWhat do you think about this one? Seems to be fine by me. Valid also... On GBP/JPY we are already on the way up...Ignored
Dislikedhi all, jus wanna sharez my trade. i jus pulled the trigger not long ago. initially the price broke the upper trendline and rallied upwards, at ard somewhere near 212 it faces res and confusion. then it retraces a bit and found support at my SR line of 212.67, and the upper trendline it previously broke act as a support too. i entered when stoc was ovsold and when it was abt to cross upward @210.80. i did not wait till it cross upward totally. i set very tight sl @ 210.45 which is 35pips and my 1st tp is my next sr line of 211.21, and if it gets there 2nd tp is 211.50
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Gd trades for u too!Ignored
DislikedThe trade you proposed turned out a success! Price is moving down to that 50 fib line (it seems that my fib is larger than yours and 50 line thus lower), and it probably bounces back up from supporting tl. Good job!
Be ready to go long at the tl!
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DislikedI see some traders are shorting chf now, but be very careful! At first eye-look it looks nice, but at closer look its not ! Price have established outside resistance and price action is ticking for the upside. Also see that eur/usd fail to break our upper target and have just broken a support aiming downward (good to know since they go opposite way) . I see a long potential here usd/chf. But remember, there is a chance of failure in my analyzes !Ignored
DislikedSharp eyes, good analysis! It already payed you very well as I see! Keep it up!
edit:
ps: I think you don't need any indicators to trade this way, they just take some precious screen space away the sooner you learn to trade w/o them is the better.Ignored
DislikedI'm often using trendlines, which give you an alarm, when price comes close to the line. The distance when the alarm triggers is 2-3 pips (if I remember right, the distance can adjusted?).
In any case, these tls are like indicators, and you just insert them into indicators folder of your mt4. These are useful if you for instance do not want to set SL, you can set an alarming tl instead.
R
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DislikedTechnically speaking what do you think now, and how would you explain (if possible) this move? To be honest I don't have a clue Shorting CHF at upper resistance after failed BO is OK but i really didn't expect it to fall this much... :-/Ignored
DislikedAttachment Oh Dear! i was stop out at 210.45. price nearly hit my tp @211.20 but reverses when close to tt.
did i set my sl too tight? or probably tt was jus a bad trade, lol. opinions on my trades are welcomed!
YunaIgnored
DislikedAttachment Oh Dear! i was stop out at 210.45. price nearly hit my tp @211.20 but reverses when close to tt.
did i set my sl too tight? or probably tt was jus a bad trade, lol. opinions on my trades are welcomed!
YunaIgnored
DislikedBut I feel ready for a turnover on eurusd. Facing strong resistance right now.
Lets see if it could form a resistance-drawing point.Ignored
DislikedI'm already short on eur/usd with a very light position at 1.4807 targeting 38% of today. We'll see.Ignored
DislikedYou should always have a protective S/L when you're in the green with 20+ pips... IMO.
And also there was a reverse candle on your chart it's clearly visible that was a good sign that maybe a reversal is coming. Don't forget the number 1 rule: break even is always better than a loss!!! There's always a tomorrowIgnored
DislikedNope I was just curious, I did short the USD/CHF though the idea behind it was that it's a win-win situation: if I lose money that's the fee I have to pay for my superficial analysis and t remember not to do it again and if I can have some pips than it's simply awesome. And I had +15pips (down to 50% then I quit) so thanks for your help mate!
And your geppy analysis (possible upside B.O. based on PA) was truly professional. I really hope you jumped the bandwagon in time it's a lot of money now! 122pips since the breakoutIgnored
DislikedHi all,
here's my chart with g/u and some down trandline, what do you think - will it holds??Ignored