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Drawing correct resistance and support-lines

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  • #641
  • Mar 13, 2008 4:23pm Mar 13, 2008 4:23pm
finally....


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  • #642
  • Mar 13, 2008 5:20pm Mar 13, 2008 5:20pm
EUR/GBP Daily
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Non illigitamus carborundum Are you ready for Zimbabweimargentina?
  • #643
  • Mar 13, 2008 6:32pm Mar 13, 2008 6:32pm
Quoting aiyahmarklah
finally....


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Nice trade Mark, I read from your blog that you achieved +50 not bad ! I really like the way you use previous sessions high/lows and true range compared with S/R (even tho this trade wasn't based on true range?).

Keep those charts coming.
Measure twice, cut once
  • #644
  • Mar 13, 2008 7:05pm Mar 13, 2008 7:05pm
Quoting aediaz1
Nice trade Mark, I read from your blog that you achieved +50 not bad ! I really like the way you use previous sessions high/lows and true range compared with S/R (even tho this trade wasn't based on true range?).

Keep those charts coming.
Thanks aediaz1 you flatter me and for visiting my blog.

This trade is a bit different. See the way prices flirted with the asia session high (thick red line), plus consecutive higher lows and ultimately a formation breakout. The risk reward is good because I bet that even if I am wrong, I can escape at asia high level at least.

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  • #645
  • Mar 13, 2008 7:15pm Mar 13, 2008 7:15pm
Quoting aiyahmarklah
Thanks aediaz1 you flatter me and for visiting my blog.

This trade is a bit different. See the way prices flirted with the asia session high (thick red line), plus consecutive higher lows and ultimately a formation breakout. The risk reward is good because I bet that even if I am wrong, I can escape at asia high level at least.

Attachment
Now thats a perfect trade! And on a 5m chart I enjoy watching a chart with such a perfect setup, I have to admit.
Measure twice, cut once
  • #646
  • Mar 13, 2008 11:30pm Mar 13, 2008 11:30pm
Quoting aiyahmarklah
Thanks aediaz1 you flatter me and for visiting my blog.

This trade is a bit different. See the way prices flirted with the asia session high (thick red line), plus consecutive higher lows and ultimately a formation breakout. The risk reward is good because I bet that even if I am wrong, I can escape at asia high level at least.

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Ahh It's Mark i just noticed lol... well nice blog Mark... I Just visit it...Im Also thinking to start a new blog but im very busy with my job also ...it's difficult for me to update it on daily basis...
  • #647
  • Mar 14, 2008 3:06am Mar 14, 2008 3:06am
Quoting Umairs2004
Ahh It's Mark i just noticed lol... well nice blog Mark... I Just visit it...Im Also thinking to start a new blog but im very busy with my job also ...it's difficult for me to update it on daily basis...

Had the same idea, but just can't get time for it
Measure twice, cut once
  • #648
  • Mar 14, 2008 4:19am Mar 14, 2008 4:19am
I haven't been posting many charts lately because I'm trying to make a register on success/failure statistic on different patterns on different TF's.

This have been done on stocks but can't find any pages where it have been on currencies.

I remember you said, Umairs, you had picture of every trade you have done. Have you done any statistic on different breakouts ?
Measure twice, cut once
  • #649
  • Mar 14, 2008 4:40am Mar 14, 2008 4:40am
Quoting aediaz1
I haven't been posting many charts lately because I'm trying to make a register on success/failure statistic on different patterns on different TF's.

This have been done on stocks but can't find any pages where it have been on currencies.

I remember you said, Umairs, you had picture of every trade you have done. Have you done any statistic on different breakouts ?
I have more than 200-Hundred screenshot's... Some of them are of my winning /losing trades some of them are just for my observation in my free time... well wht you want...?
Do i post them here in this thread...?
Or do u want me to send u by e-mail...?
  • #650
  • Mar 14, 2008 4:47am Mar 14, 2008 4:47am
Quoting Umairs2004
I have more than 200-Hundred screenshot's... Some of them are of my winning /losing trades some of them are just for my observation in my free time... well wht you want...?
Do i post them here in this thread...?
Or do u want me to send u by e-mail...?
I couldn't allow myself to ask for your personal screen shots, but since you offer them I can't say no

If you want to share your own charts I can PM you with my email ?
Measure twice, cut once
  • #651
  • Mar 14, 2008 4:51am Mar 14, 2008 4:51am
But problem with my screen shot's are this that they almost 70/80% Based on 30-Minutes TF & Remaining S-Shot's on other Tf's...As you know im a DayTrader and You also might observed from my previous screenshot's that Im trading on 30-Minutes Tf...
  • #652
  • Mar 14, 2008 5:49am Mar 14, 2008 5:49am
Thank you aediaz1 & Umairs2004 ,

Blogging requires a little effort to keep up. My blog was started in 2006, however I abandoned it for one year lol. Looking back I realized my methods has not changed much. Reason for me being active again is that many in my circle of friends has expressed interest in trading, FX or otherwise, and has sought advise from me, thus I set up the blog as a platform for learning and sharing as it is easier this way.

Hope you guys can find something useful in their.

Regards
  • #653
  • Mar 14, 2008 5:59am Mar 14, 2008 5:59am
Quoting aediaz1
I haven't been posting many charts lately because I'm trying to make a register on success/failure statistic on different patterns on different TF's.

This have been done on stocks but can't find any pages where it have been on currencies.

I remember you said, Umairs, you had picture of every trade you have done. Have you done any statistic on different breakouts ?

I will try my luck through some of my contacts.

Another way is to do programmed backtesting, LOL tough.
I remember those MT4 users mention that it is possible. Any MT4 experts here ?
  • #654
  • Mar 14, 2008 6:17am Mar 14, 2008 6:17am
Another nice setup, noticed the price was rejected by the previous day high and the subsequent break fell through the
tokyo session low as well


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  • #655
  • Mar 14, 2008 6:21am Mar 14, 2008 6:21am
Quoting aiyahmarklah
I will try my luck through some of my contacts.

Another way is to do programmed backtesting, LOL tough.
I remember those MT4 users mention that it is possible. Any MT4 experts here ?
I going to run some testing on my forex tester software. Might be the easiest way to gain some statistic.
Measure twice, cut once
  • #656
  • Mar 14, 2008 6:46am Mar 14, 2008 6:46am
Quoting aediaz1
I going to run some testing on my forex tester software. Might be the easiest way to gain some statistic.

All the best to you
  • #657
  • Mar 14, 2008 8:01am Mar 14, 2008 8:01am
Asia low becomes resistance

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  • #658
  • Mar 14, 2008 8:17am Mar 14, 2008 8:17am
Quoting WTB
NZDUSD Daily chart.
Ya Noticed WEll It was more than +200 Pip's ... See My 4-Hour's & Daily Chart's...
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  • #659
  • Mar 14, 2008 8:51am Mar 14, 2008 8:51am
Quoting aiyahmarklah
Asia low becomes resistance

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Broken
  • #660
  • Mar 14, 2008 9:28am Mar 14, 2008 9:28am
Did not manage to catch a quick ride as it happened too fast.

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