The USDCHF 1 hour bars are beginning to look like tick marks...everyone must be sleeping at the controls....
--NM
--NM
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DislikedThis sound intutive to me and i would give it a try ...if you look at it on H1 it is making a small 123 formation ..how about entring at resistance break of this W formation on 1hr?Ignored
DislikedI thought about that, but there seems to be too many bars now and the formation is all whacked out, I still will probably trade if it looks like it is head for the trend line, but it is going to have to do a better job of convincing me than it is trying to do right now...
--NMIgnored
DislikedI have to agree with you on that one, I was just looking at that chart, I think what I might do on that pair, and I did this on the GBPUSD yesterday, is kind of a new technique for me, but I have paper traded this for a while with good success, and that is, even though the trend line is quite a few pips away from the action right now, is I wait for the 1-2-3 right off that confluence of support, and trade it up to that trend line, there is enough room right now, and once it gets far enough away from my entry I move my stop in tighter, if it bounce...Ignored
DislikedAm i right to say that you actually change default hector rule abit and get in early? If you are, I am trading the same way too. I am bought USD/CHF since support hold at 1.0637 and I sold GBP/JPY since the resistance held 1.4139Ignored
DislikedI have to agree with you on that one, I was just looking at that chart, I think what I might do on that pair, and I did this on the GBPUSD yesterday, is kind of a new technique for me, but I have...Ignored
DislikedAUD/USD short H4/H1 is what is getting my interest as we speak.
The CNY news may do some damage.Ignored
DislikedHello Hytten,
Sometimes I play my own game as well...LOL Most of the time I follow the rules to the letter, but sometimes you just know its the right move, there is quite a bit of room between the entry and trend line, and as quickly as I can move my stop to BE the better in these risky trades.
Of course my lot size is quite small in cases like this too...
--NMIgnored
DislikedHey NightMoves,
The way I look at it is that since we are looking at retracement trendline to hold once breakout happens, why not rejection of the previous horizontal resistance or support too..Got the early entry idea from Barry Burns.Ignored
DislikedHi Entropy,
It does look interesting. Following factors are kicking in ...61.8 Fib, Previous Support...Dynamic resistance.......Retracement trendline has been broken at this time ...Ignored
DislikedI like the "touch trade" EURAUD posted earlier by Entropy.. Learned alot from u guys about entry point.. But should i be concern about the 1.5467 support on the weekly if I were to take that trade? It still holds support..Ignored