Dislikedhttp://www.forexfactory.com/showpost...3&postcount=20
here is todays 5 min charts using this system ..... moves stops to be as soon as you have +20
my woman , who has never traded , learnt this system and doubled her account in 5 weeks. Now I am waiting to teach my 11 year old , maybe one more year. It works in most markets as all you are doing is using the 50 sma ( or any other moving average of your chioce , 33 , and 14 are 2 good ones)
opps not 160 ... doing it in hurry should read 60 pips ,
so 90 , 20 and...Ignored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #156,523
- Jan 28, 2009 10:58am Jan 28, 2009 10:58am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
THANK You for the time and knowledge. Much appreciated.
fib expansions very powerful for s/r levesl and targets ... right now i am long off my battle line 128.63 , stop set be +1 ...
using fib expnasion on 1-2-3 buy ( low , high , higher low) I have 129.12 and 131 as targets
Blogging daily now at www.volume.zone
- #156,525
- Jan 28, 2009 10:59am Jan 28, 2009 10:59am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #156,526
- Jan 28, 2009 11:01am Jan 28, 2009 11:01am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #156,528
- Jan 28, 2009 11:09am Jan 28, 2009 11:09am
- Joined Aug 2007 | Status: Jamaica | 1,069 Posts
Guys can you plese give me some books to read or some advice. i am at the begining of my trading career. i need as much help as i can get. already down with my live account. don't want to bother but then again if i don't ask who is going to help me understand these markets. so books, systems, trading style, tips, anything.please
A former client of mine who had developed their own system was insistent that Forex trading was the new future and was the way to go. Just hit sell when the multi timeframe HAS bars went red, and hit buy when they turn blue. LOL. That was the beginning of sorrows. He never told me that the indicators repainted. a closed 4 hr candlestick, would retroactively change up to 16 blocks in the 15 min indicator from red to blue.
Looking back, you would assume that this system was the holy grail, it was utter rubbish. At the end of the day, I would shake my head, and say, tsk, tsk, how did I miss these "seemingly" perfect trades. LOL.
My point is though, you have to see how price bars and indicators move by watching a live chart and not necessarily a completed chart, because its a different perspective all together.
The link below should help you with this price action development.
http://www.forexfactory.com/showpost...ostcount=66906
- #156,529
- Jan 28, 2009 11:12am Jan 28, 2009 11:12am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
THANK You for the time and knowledge. Much appreciated.
check out this thread .. james is awesome and talks mostly about price action
http://www.forexfactory.com/showthread.php?t=2331
Blogging daily now at www.volume.zone
- #156,530
- Jan 28, 2009 11:12am Jan 28, 2009 11:12am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #156,531
- Jan 28, 2009 11:15am Jan 28, 2009 11:15am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
fib expansions very powerful for s/r levesl and targets ... right now i am long off my battle line 128.63 , stop set be +1 ...
using fib expnasion on 1-2-3 buy ( low , high , higher low) I have 129.12 and 131 as targets
Attachment
closed on target 129.12 .... just 40 pips trade ... but a few a day all add up and major news coming out in 1 min
for Shelby learn how to use fib expansions
Blogging daily now at www.volume.zone
- #156,532
- Jan 28, 2009 11:16am Jan 28, 2009 11:16am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #156,533
- Jan 28, 2009 11:25am Jan 28, 2009 11:25am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #156,534
- Jan 28, 2009 11:27am Jan 28, 2009 11:27am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #156,538
- Jan 28, 2009 11:33am Jan 28, 2009 11:33am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Thank you. i think i joined FX trading for the same reasons lol. No problem if it takes 3 years to learn this thing i got time, desire, pasion. all i need to know is that if you work hard you can accomplished this task. i am not looking quick thing get rich by next year. i just want to know if i can do it. thanks again
no chasing .. remember ...
I did not enter long .. instead waited for my chance to get into sell ... as pros sell into strength ...
here was pin bar .. 70 pip off on half and stop +20 other half
NEVER CHASE
Blogging daily now at www.volume.zone
- #156,539
- Jan 28, 2009 11:34am Jan 28, 2009 11:34am
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
Discipline + Patience - Fear - Greed = Success
- #156,540
- Jan 28, 2009 11:35am Jan 28, 2009 11:35am
119 anyone? 
If GJ breaks the trendline, then only the 1H 50ema can hold back the bear. GU has broken the 15M 50ema. Let's see how the next few candles play out. If GU confirmed the break of the 15M 50ema, look out below.
If GJ breaks the trendline, then only the 1H 50ema can hold back the bear. GU has broken the 15M 50ema. Let's see how the next few candles play out. If GU confirmed the break of the 15M 50ema, look out below.