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Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
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DislikedThanks for your correction.
I'll do appreciate if you can pull up a chart, i'll learn and understand better that way.
thanks.Ignored
DislikedThanks for your correction.
I'll do appreciate if you can pull up a chart, i'll learn and understand better that way.
thanks.Ignored
DislikedHi sorry for the late chart, this is my GJ chart, notice the white trendline was not valid until price made a lower low. We are looking for a retrace back to the white trendline, on a fib retracement, and enter when it fits the 6 candle formations Dra mentioned.Ignored
DislikedThe only setup I found on Friday was the EUR/JPY with EBr from TL (dotted yellow, after price broke recent lows, TL was adjusted to candle high)
The weekly TL prevented me to enter short.Ignored
DislikedPosted below is an entry on the euraud that went for over 1500pips. Buying the EBl on the bounce of the TL.Ignored
DislikedWhere did that tl start? I can't duplicate it on higher timeframes because there is no higher high after the higher low .. and by the time there is, the b/o has occurred.Ignored
DislikedMaybe i found it, does it start at low last July? next point was low on July 30 and then low on Sept 12?Ignored
DislikedSorry i havn't read the whole thread so this may have already been answered, but how do you deal with TL violations when price closes below or penetrates by "a lot" of pips..say 50, but were to continue its trend.
Is the TL still valid, what do you do in that situation?
Also why use the chart patterns?...isn't a bounce off the TL all you really need as confirmation?
thanksIgnored