Good morning and Good for all Trades
This is my first post here, I find these very interesting analysis.
I think what the cost meant was that the attached graphic shows.
please comment
PS. Sorry for my bad English
lika
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DislikedAttachment
Good morning and Good for all Trades
This is my first post here, I find these very interesting analysis.
I think what the cost meant was that the attached graphic shows.
please comment
PS. Sorry for my bad English
likaIgnored
Dislikedhi, can you please tell me which currency pair and time-frame you talk about? And what does the cost mean?
cheersIgnored
DislikedAttachment
Good morning and Good for all Trades
This is my first post here, I find these very interesting analysis.
I think what the cost meant was that the attached graphic shows.
please comment
PS. Sorry for my bad English
likaIgnored
DislikedI was just going to ask the same thing. I think cost = custos. His chart is labeled aud/usd but it appears to be U/Cad. We need more clarity, LikaIgnored
Dislikedoh, you are right, that must be the usd/cad.
so Lika, here is what I see:
not sure how you got your rising trendline. Mine is much higher as you can see from my daily chart and already has been broken. furthermore on the h1 chart you see that we also already broke the retracement trendline. Now it's just a matter of waiting for the continuation of the move to the downside.Ignored
DislikedThat is very clear .. I am beginning to see this & how you go from higher to lower tf's to find trigger points. If I am seeing it right, 1.0090 is entry point for short with 1.0127-ish as the stop?Ignored
Dislikedexactly.
only problem with that setup is that the retracement trendline should have been broken much earlier and not so late. Right now we are almost near the bottom. If you use targets that could be a concern, cause you won't have much to profit from anymore.
I myself don't use targets and just pyramid my way in conjunction with the trend on the daily/weekly, that's why I don't really care that the retracement trendline got broken so late on the h1.
cheersIgnored
Dislikedoh, you are right, that must be the usd/cad.
so Lika, here is what I see:
not sure how you got your rising trendline. Mine is much higher as you can see from my daily chart and already has been broken. furthermore on the h1 chart you see that we also already broke the retracement trendline. Now it's just a matter of waiting for the continuation of the move to the downside.Ignored
DislikedHi ya Custos..
Could I just ask you on this trade as still a beginner at this stuff.... In this picture wouldn't the support line be more powerful than the trend line as it is on a daily chart also therefore wouldn't there be more chance of this bouncing back into the larger channeling range or...are those rejection spikes in price off the trendline more important/powerful?
Thanks in advance..
AdrianIgnored
DislikedThere are lines everywhere, I have no idea what you think it is going to do.. ??
I'm looking at a continuation long above 114.67Ignored
DislikedThere are lines everywhere, I have no idea what you think it is going to do.. ??
I'm looking at a continuation long above 114.67Ignored
Dislikedgood point. and yes this is a support price still has to go through.
Attached is the weekly chart. I see the marked S/R level as the major one, and the one at the daily less significant. But I agree with you, usd/cad is still in a problematic area.
You know, since I pyramid my way into long-term profits, I also take less than perfect setups, because I am risking such an insignificant amount on each trade I take.
But if you wanna take an A+ setup, then forget the usdcad for now, it's still just mushing around.
cheersIgnored
Dislikedhm, I see you got a negative Risk:Reward ratio. Personally I think you should especially in the beginning stick to high positive R:R ratios. You know, if your R:R is always negative, then you would need maybe a 80% win-loss ratio, which is quite a hard thing to achieve, especially in the beginning.
If you cherrie pick the ones that at least give you a 1.5:1 R:R ratio then you are way better off in the long-term.
cheersIgnored