matte,
you got the first part right which is the swing, now got to wait for the pullback, none of these charts got a pullback yet.
you need a 1-2-3 setup.... 1)is your swing, 2) is the pullback, 3) is the breakout entery.
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Membership Revoked
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Joined Feb 2009
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guys I hope you are aware of the major newes that is occuring at moment, crazy ups and downs. we dont trade during such times, even if we do have a perfect setup. If you do know the risk.
guys I hope you are aware of the major newes that is occuring at moment, crazy ups and downs. we dont trade during such times, even if we do have a perfect setup. If you do know the risk.
Ignored
No kidding.
The price action was too fast for me to even place orders after I posted my chart earlier. Sitting tight on my hands, legs and every thing now.
fxachilies it's ok this set up? we have a 60-65 pips swing, one or two candle going side ways, and the possibility to go short under the little red line, around 1.3395
it's ok?
fxachilies it's ok this set up? we have a 60-65 pips swing, one or two candle going side ways, and the possibility to go short under the little red line, around 1.3395
it's ok?
Ignored
Yes that is a qualified setup. just train your eyes to see the most recent swing and you'll be fine.
now waiting for breakout of the low. it's ok this setup?
Ignored
yes, nice job. The only thing I really love to see you do is to draw your horizontal lines like the way I have done. Identify the start of the swing and the end of the swing.
now draw those lines and set your sell order 3tick below the lineo, than post it for me to see... than, lets make some money together...
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Membership Revoked
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Joined Feb 2009
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(i've already got a short position on this cross, can you see le blue line?)
matte,
I know you have a short position, there is no reason for you to be in a short position yet, and thats exactly why I want you to identify the swing start and swing end so you dont short postion early.
I am sure your not a happy camper right now with that short position of yours. if you have not bailed out yet you are hopeing and wishing for a turn around and thats something that we try to stay away from by entering a higher probability postions with our 1-2-3 setups.
Hello everyone, I just found this thread and it is very cool
I don't have time to read 130+ pages so could someone give me a basic summary of what is happening?
So far I understand that you look for 30-50 pip swing, then a pull back, then as soon as the price goes above the recent high of the swing you buy/sell. I hope I understood it somewhat haha.
Any extra information would be appreciated very much
Hello everyone, I just found this thread and it is very cool
I don't have time to read 130+ pages so could someone give me a basic summary of what is happening?
So far I understand that you look for 30-50 pip swing, then a pull back, then as soon as the price goes above the recent high of the swing you buy/sell. I hope I understood it somewhat haha.
Any extra information would be appreciated very much
Cheers
Ignored
welcome to the thread,
If you are serious and this method of trading is for you, I suggest read the first 30 pages, then read posts 538 & 1324, then I will help you to catch on. but I really need to see the motivation.
welcome to the thread,
If you are serious and this method of trading is for you, I suggest read the first 30 pages, then read posts 538 & 1324, then I will help you to catch on. but I really need to see the motivation.
Good luck.
Ignored
oh man thank you I will let you know when im finished reading, im really exited about trading naked and with price action
