hi mikesorry the the problem was with my web pageany how thanks for ur important opinioni mean how can i expect the target level ( min_max)that's the hard part for me
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I assume you mean the take profit level? Thats the hard part, it depends on the type of trader. But watch the 1.2250 level for resistance. Their is no one answer for TPs, that is part of what the individual trader has to develop.
thank u mike
it's already a good answer
that's what i thought first and now u approve
no body had to to be spoon fed i shd look for the nearest r/s level
good luck
thx again
dbhlc on the 4 hour charts
formed a tbh - strong resistance
but a stop would have to go just over this area...looks highly likely that anyone taking this signal would get stopped out...
dbhlc on the 4 hour charts
formed a tbh - strong resistance
but a stop would have to go just over this area...looks highly likely that anyone taking this signal would get stopped out...
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hi wizardmeybe interbank chart give 2pip difference for the 2mhbut still we have lcsmall target maybe but small nice stop me i wd go for small pips.......@25just a thoughtgood luck
dbhlc on the 4 hour charts
formed a tbh - strong resistance
but a stop would have to go just over this area...looks highly likely that anyone taking this signal would get stopped out...
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Next bar never broke though, so those who are more conservative, your trades wouldnt have been triggered.
evening mbqb11,
can i clarify what you mean?
do you mean to say conservative traders wouldn't have had a long entry triggered because the bar failed to break through?
i thought the best way to play dbhlc was to take the trade SHORT at the lower close...in this case most traders would be in with a stop just above the dbhlc - which is now a tbhlc....
evening mbqb11,
can i clarify what you mean?
do you mean to say conservative traders wouldn't have had a long entry triggered because the bar failed to break through?
i thought the best way to play dbhlc was to take the trade SHORT at the lower close...in this case most traders would be in with a stop just above the dbhlc - which is now a tbhlc....
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Hey Wiz,
If you are looking to short a DBHLC the conservative play is to wait for the break low of the DBHLC to go short. Taking a short on the close is more aggressive. If I understand your question correctly.
aha - i see! thank-you, i am fairly new to this - slowly working my way through the forum but still way back on page 23...only another 175 to go then...ah well. its only just gone 10pm...
aha - i see! thank-you, i am fairly new to this - slowly working my way through the forum but still way back on page 23...only another 175 to go then...ah well. its only just gone 10pm...
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hehe ahh i remember when I was going through this thread for the first time. Boy was that an eye opening experience. It was like putting on glasses for the first time as a kid. Suddenly we can see!
most have broken alraedy im afraid .
Aud $ broken up
Euro $ broken way up
Euro yen broken up but now back down to just above daily pivot
£ yen broken down
Swissy broken way down
$ yen broken down
£ chf broken down
$ cad broken down
euro chf and euro £ and £ $ also real similar but not ibs on my feed.
All just seems a bit wierd in 18 months I never saw this happen
whatever I just wished I'd seen them earlier.....esp this one
hi all
regarding these pin bars
i assume the following - and please do correect me if wrong
--entry after pb formed shd be when the close of the next eye do not exceed the 1st eye
-- stop loss when it does exceed
thanks
wael
hi all
regarding these pin bars
i assume the following - and please do correect me if wrong
--entry after pb formed shd be when the close of the next eye do not exceed the 1st eye
-- stop loss when it does exceed
thanks
wael
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dont be so focused on the right eye. The left eye is more improtant. Then when you find a pinbar in a good spot, wait to play a break of the pin bar on the next bar.
hi - i posted a nice dbhlc on the eur/chf, over two four hour bars night, thinking i was going to be showing everyone an example of how this trade setup didn't always work as the market was coming steadily back up.
it then formed a tbh and came off hard...so far, there has been the opportunity for 14 pips profit.
i have learnt so much reading this forum - i really want to thank james for that. it is an incredible source of information and inspiration for me.
i have a couple of questions, that are probably not quite appropriate here but if i don't take up much space i wonder whether someone could briefly answer them?
i am making the transition from spreadbetting into the "real" market. i have had years of experience with sb'ing but nothing at all in the realm of the big boys so sorry if i sound clueless.
1. i have been advised to setup a forex account with Onanda. are they considered to be good?
2. i am used to dealing with expiry dates on my futures contracts with sb'ing or "rolling" contracts in the spot price. it seems like in the forex market I can just hold a spot pair as long as I like without needing to roll! Is this true? do interest charges apply?
hi - i posted a nice dbhlc on the eur/chf, over two four hour bars night, thinking i was going to be showing everyone an example of how this trade setup didn't always work as the market was coming steadily back up.
it then formed a tbh and came off hard...so far, there has been the opportunity for 14 pips profit.
i have learnt so much reading this forum - i really want to thank james for that. it is an incredible source of information and inspiration for me.
i have a couple of questions, that are probably not quite appropriate here but if i don't take up much space i wonder whether someone could briefly answer them?
i am making the transition from spreadbetting into the "real" market. i have had years of experience with sb'ing but nothing at all in the realm of the big boys so sorry if i sound clueless.
1. i have been advised to setup a forex account with Onanda. are they considered to be good?
2. i am used to dealing with expiry dates on my futures contracts with sb'ing or "rolling" contracts in the spot price. it seems like in the forex market I can just hold a spot pair as long as I like without needing to roll! Is this true? do interest charges apply?
that's all
thank you so much,
T
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Oanda is great, especially because of their granularity in position sizing. You can trade for such insignificant amounts of money, but for real money on a real server. I highly recommend it over anything else.
Yes you can hold a positon for as long as you like. As for interest charges, they do apply, Oanda website has a lot of helpful resources.
