Big Wal - Good eye buddy.
BTW - my blog is updated.
Chris
BTW - my blog is updated.
Chris
Silent room 2 replies
Silent Success of Patience 10 replies
My silent journal 4 replies
bo7a method... method for GBP/JPY 205 replies
Seeing Through the Silent Crash 4 replies
Disliked"How I made $2,000,000 in the Stock Market" - Nicholas Darvas
Not a bad book. I think it was referenced a few months ago by someone on this thread. He basically just follows a box-breakout system / momentum style trading system, buying breakouts and selling on breakdowns...Ignored
DislikedI have just started on this thread. My first attempt to draw lines on the daily. Comments?Ignored
DislikedThe trendline on AUDUSD is even prettier, it hasn't been violated at all. Things may be shaping up for dollar bulls.Ignored
DislikedHi 0990|6mh and Chris,
I had similar thought and had was thinking of selling at 50% retracement of that daily candle ( see attached). But looks like it went back up and took the top of that candle off ( which would have been my SL). I am still paper trading so nothing lost :-).
What is the best way to manage such trades when market goes back in the direction opposite to suggested by pinbar signal at SR levels? Do we go bullish above that candle and buy? Any suggestions from your experiences?
Appreciate your comments.Ignored
DislikedNORMALLY - YES......you would be looking the other direction. However.....in my case, it's based off two monthly pinbars in a row, which "trumps" that signal.Ignored
DislikedLost big on this pair yesterday, the 2 Day PB refused to work but i suspect the News might had something to do with it as it stalled for quit sometime.Ignored
DislikedEveryone be careful today, as NFP is tomorrow. If you are not in a position already, I wouldn't be looking for one today. Tomorrow is going to be too important to guess ahead of time.....Ignored
DislikedVicky - This is a weekly chart....but that's correct! You want to follow those lines. I would agree with this chart. It looks really good. Welcome to the thread!
ChrisIgnored
DislikedHi Vicky,
Stick to weekly, remember strong s&r has seen action from above and below. Its almost like a flip from side to another, these flips can been days or weeks apart. zoom right out on your chart and drag a horizontal line down the chart.
When i first found out about s&r i used all the pairs on my platform , just to practice. If it doesnt jump out at you it proberly is not a very good s&r area or zone.
Notice i said zone/area. you will find that there could be a pivot point of 50 pips or more. Infact i think that pivot point is a good...Ignored