Dislikedyes but can you tell what YEN is thinking and do you really want to knowIgnored
And no... I really don't want to know...
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Dislikedyes but can you tell what YEN is thinking and do you really want to knowIgnored
Dislikedunfortunately.. alot of the time, yeah... I can lol, I'll read a post by someone and immediately think "ok, this should be good"
And no... I really don't want to know...Ignored
DislikedAnd back to trading this has a nice flat level at 143.92 mark if it pushes through it may pop with some luck so everyone close your eyes and pushIgnored
DislikedWell we are currently in a major S&R zone(set a vertical line at approximately 140.80), I think there should be a small level of consolidation before any real break happens. Change that chart to any timeframe 1H+, and historically you'll see that this is one of the most major S&R points that any many of us that are 17 years in experience, and no more, have seen. The last time price came to this point, and pierced, then retraced back and shot up was in 1994-1995. This could be a VERY VERY bad time we're dealing with in the near...Ignored
DislikedPharoah, my friend, I don't know how to break this to you . . . but it appears you started this post cold stone sober, got drunk in the middle, and then sobered up again by the end of it.Ignored
Dislikedyeah, didn't quite know how to word it, anyone with 17 years of experience or less has never seen a support and resistance level such as the one we are currently in. That better?Ignored
DislikedWell we are currently in a major S&R zone(set a vertical line at approximately 140.80), I think there should be a small level of consolidation before any real break happens. Change that chart to any timeframe 1H+, and historically you'll see that this is one of the most major S&R points that many of us that are 17 years in experience, and no more, have seen. The last time price came to this point, and pierced, then retraced back and shot up was in 1994-1995. This major S&R is real and has been respected 3 times already this year...
This could...Ignored
DislikedYep thats why i like this set up it's been to 139.76 and has gone to 144.53 and then retraced to 140.80 which is a higher low so hopefully starting to trend up,
Big rejection candles at both lows
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DislikedIt will if this breach of S&R makes new higher highs, if it makes lower highs than I think we're in for a level of consolidation.Ignored
Dislikedtrouble is the bloody thing is getting too close to my SL at the momentIgnored
DislikedI`m not using 1st 4H close +/- 50 pips, but on my chart the close is 143.53 and the highest/lowest price since then are 143.94/143.06 so I dont see a trade on my chart.
Your prices must be different.Ignored
Dislikedah, I understand that you include the spread within the +/- 50 pips of the close.......
good luckIgnored
DislikedI like the idea of using the 4H close as well, and stated it before, but has anyone back tested it, or does it just "sound" good?
I'm in the early stages of a back test for 2009, but wanted to see if anyone has actually finished a back test that would provide some validity to the idea.Ignored
DislikedI am back
ok, as i understand the new trigger idea is to use just 4H candle close as trigger, right?
i think it is reasonable as we are talking about 50 pips stop loss. 20 pips is almost half of it. it is too wasteful. but when Pharoah is talking about closing half position at TP1 does he mean it is 50 pips or or original Ace's box?Ignored