Daily Bar Analysis - All Pairs/All Welcome 15 replies
Trend Trading All Currency Pairs 3 replies
are u using the free NT with the free gain feed ?
I had used it for 4 years but am now awaiting the long delayed NT7Ignored
DislikedHere is how I set my entries, looking at the chart, we are in a down trend so I am looking to short this pair, You can see it has broken the retracement line, price is bouncing off...Ignored
DislikedAs a rookie this is where I have a hard time. I've been waiting for about a day and a half to take a trade in one of the yen pairs. I've drawn my fibs and trendlines and I'm waiting for the BPC and it just keeps going. Why do I feel like I missed a trade or something? Do you guys know what I mean? Am I reading the chart correctly because it looks like alot of these pairs have changed or are changing trend?
DislikedHI Pip Dawg,
No you are seeing it correctly, there is not too many good looking trends right now. Some of the trends we have been following look like they may be changing or getting into a range.
On the longer term charts I am seeing the same thing, a lot of ranging going on right now, and some of the pairs are not even doing that.
So be patient they will get organized again. I was looking at the same pair you have posted and I decided not too look for any entry on that pair right now it looks good on the smaller TF but not so good on the larger...Ignored
Thanks for the confirmation of what I'm seeing. My trading over the years has been sporadic at best and I have been all over the place trying all kinds of styles and time frames. I feel that this style fits my personality best. I just have to get a feel for it and build my confidence with it. Oh yeah...and there is still that patience thing I have to deal with...LOL.Ignored
DislikedGBP/USD trending strongly upwards and if you are looking at the hourly time frame, it is just breaking out.
Looks like an excellent time to enter in on a shorter time frame and capture some short term moves.
I'll hopefully be trading this todayIgnored