If we take a look at 1H, Price already gave a close above 122.53.
Now i would like to see a break of 122.60.
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Now i would like to see a break of 122.60.
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Attached Image (click to enlarge)
Peaks and Valleys (Trading Naked)
- #525
- Mar 22, 2010 6:45am Mar 22, 2010 6:45am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
UC has just Triggered. 
The signals on EJ and GJ are half signals so i am a little careful on these ones.
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The signals on EJ and GJ are half signals so i am a little careful on these ones.
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- #528
- Mar 22, 2010 8:16am Mar 22, 2010 8:16am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
And the last ones for today. 
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- #530
- Mar 22, 2010 3:51pm Mar 22, 2010 3:51pm
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Thanks nas for your posts, and bumping this thread. Find this method very interesting and appealing. Just curious, how are you managing these trades? I assume you look for near by PPZ for exits, but when do you move to cost? Do you use anything fancy to determine trend, or just purely eyeball? Do you play most peaks/valleys, when the trend is strong, or only the bigger ones? Sorry, very general questions, just looking for some kind of insights. Thanks and take care.
Well i knew i had to say this so here goes,
The questions you asked are not general or simple ones, they are to hard for someone inexperienced like me to answer. I have just started to see some light in the last 2-3 months so i can't just tell anybody to do 1-2-3 and get done. But i assure you that i will share my thought's/views on these thing as i progress.
What's written below are only my views so you can differ.
The Line chart alonewill not make you money. (yes i am saying this).
Line chart is not a method/system itself, It's just an indicator/trigger, like PIN BARS, INSIDE BARS, OUTSIDE BARS etc. If you don't believe me that's fine but you better believe Martin Pring. I spent 2 hours on his 5 page PDF.
To get any kind of success at this. You must know where your WEEKLY/Daily---S/R (PPZ's) and Big round numbers are located. There is no second choice.
Take 10-20-30 pips (depending on pair), close half (33%,25% or whatever you like) your position and set your stops at BE's (at cost). It may sound foolish/greedy to you and i know 9 out of 10 times price will come back and take you out at 0 (BE). But this 1 time will take you for a long ride.
. Btw how many pips you could have made on the trades i posted today by doing this?????
You do the math.
You are going to have around 2-5 trades on 10-20 pairs on every normal trading day. So don't go below 1H before mastering the H4 and daily. At least you won't see a chart from me, of anything below 1H.
That's all for now.
Good Luck.
Thanks a lot man, very helpful. Do you think these are good trades here? Sorry if you posted these earlier, forgot what you had posted, but went through my charts trying to see what seemed appealing to me. Here are some CT ones, but with strong PA, and nice triggers near by. Targets and exits aside, do you think these are good plays here? (gu was entry at line below, forgot to trade it at the time)
Thanks J, for dropping in.
Well i knew i had to say this so here goes,
The questions you asked are not general or simple ones, they are to hard for someone inexperienced...
Last ones for today.
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I like this method, its interesting. When trading CT, it seems like just PA trading, but perhaps using better entries. When trend trading, its a bit different 
as your trading from swing lows. Would you say you have a preference between CT, and trend trading? Are you less picky with the trend ones? What kind of stops are you using? Thanks a lot for the help really appreciate it.....
- #539
- Edited 8:42am Mar 24, 2010 8:28am | Edited 8:42am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
I didn't manage them, just punched in the entries wanted to make sure I at least understood that part
But quality of the setup depends upon location of S/R and space.
Well the major trend is down but currently we are in a ranging condition.
Stops most of the times are at recent Peaks/Valleys but not on close, i use high low.
- #540
- Mar 24, 2010 8:31am Mar 24, 2010 8:31am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Here's Fiber 1H,
with reversal pattern.
It's a CT and very risky. Strong Resistance above. But i like when a setup meats opening of a session.
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ooops.
Back with the trend now.
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