AFTAB
Time Will Tell & Price Will Show
My Go To Trading System (Tribute to Currencia) 543 replies
Tribute to Madlen and other good programmers- Correlation indicators 2 replies
DislikedYour ABCD looks beautiful.Where would you place your stop should you trade it after confirmation?
Ignored
DislikedThat's what I'm trying to nail down. Normally I just put it a little above the most recent peak. Here that would be above 155.14.
However, I hate the volatility of this pair and will probably scale down the pip size and put it above the previous highs from a few days ago at 155.34. Any other pair and I wouldn't be as conservative.Ignored
DislikedDon't trade if you do not like it's volatility. You have posted a few more probable set ups which are good. Why not put your resources there instead. Safer - don't you think.Ignored
DislikedI know this is not part of the system but with the ABCD it's easy to make profits both way.
When I posted this chart, the ABCD had already moved a few pips. My original entry would have been much lower - with just a few pips as a stop.Ignored
QuoteDislikedEDIT: I've changed the picture a little adding in Fib and triangles. Isn't this pretty near a textbook Gartley?
Dislikedthere's more to ABCD. we have been trading in a large channel on daily which is the trend definition for now. sell resistance and buy support.
Now u have a convergence at resistance, so sell!Ignored
DislikedNot ABCD, and not the good TL's in that we don't see HH's or LL's off the TL's. However, It's a pretty nice setup if you like ranges. I'm not taking this trade, but this could turn into one heck of a breakout.
And I saw people complaining about this pair being range bound in June :O
EDIT: I've changed the picture a little adding in Fib and triangles. Isn't this pretty near a textbook Gartley?Ignored
Dislikedthere's more to ABCD. we have been trading in a large channel on daily which is the trend definition for now. sell resistance and buy support.
Now u have a convergence at resistance, so sell!Ignored
QuoteDislikedfinswin56,
Now u have a convergence at resistance, so sell - without any doubt.
It takes guts to post charts before you take your trades. Hats off to you.
Most of the people hide behind their pretty charts.
Your trade is working well.
DislikedPosting a live chart is just a way of encouraging ourselves. i took several trades but when i saw that finswin56 needs to be encouraged, I posted the chart.
that doesnt means it will work out but its a perfect place to sell as long as we aare still in the trading range.
Maybe be there shd be a rule, alwayz post live charts!Ignored
Disliked15 Mins ABCD at the trendline.
Probably missed it as well. I am not trading it as I have to go out for a dinner in 15 mins.Ignored
DislikedThanks for the positive feedback guys. I try to post live charts just to keep myself honest.Ignored
QuoteDislikedI'm always curious about how other traders manage their trades. How do you guys manage your trades? Do you trail the stop? How quickly to you move it to break even?
QuoteDislikedEDIT: In regards to the EUR/USD set up, I did manage to get myself into that trade.
QuoteDislikedAs soon as I realized there was some harmony ;D
QuoteDislikedThat reversal point also happens to be at the TL you had on your earlier charts of Sterling.
QuoteDislikedAt this point price has move too much for me to get in at a comfortable spot, but the setup was spot on.