Hey guys you see there is a channel for eur/chf to go long?
anyone care to comment?
anyone care to comment?
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DislikedHey guys you see there is a channel for eur/chf to go long?
anyone care to comment?Ignored
DislikedJust a word about putting a trade on demo before trading it live. Give yourself a big demo account..around $50,000. Don't worry about "building" this account..view it instead as a testing ground. I don't worry about what happens to it and I rarely look at the balance. I view my demo account as my trading laboratory.
I spent a long time doubling my demo account, before I realized that, to me, it was stupid. I know it goes against conventional forex wisdom and advice. But it frees you up to trying different patterns, trades, etc. And yes, you...Ignored
DislikedLG, how long do you wait for a demo trade to prove itself before you go live the same trade? Is it a specific number of pips, or is it a certain amount of time that you wait before you enter? How do you decide when it is a good time to trade live after taking the trade in demo mode?Ignored
DislikedThis was amazing...did anyone catch any of these pips? When I looked at this pair, all indications were it was going down, not up...that's why we look at both indicators and PA.Ignored
DislikedI am watching that uptrend channel on my charts as well. It looks like the current 4HR candle maybe forming a hammer pattern, indicating a bull bias. I would wait for this candle to close, and may place an order to go long about 15 pips above the close if it closes as a hammer. Also be aware that the RSI indicators are mixed on the different time frames. The idea is to wait for all RSI and PA to be aligned long before entering.Ignored
Disliked//oftopic
hmm PurePrice i was interester by this xforecastor that you have on charts
a litle google i found it and do a litle check how it work
look for me that its usual stochastic with settings 40 5 10 or 20 5 10
i dont use stoch usually at high tf but it look qiute good
how long do you use this xforecastor? do you always check it? did it help?
thanxIgnored
DislikedHere is the chart, as previously indicated, there maybe a good long entry here at the bottom of an upchannel. Note the hammer candle formation there as well.Ignored
DislikedAre we having fun yet?
What a Beautiful Trade the GC turned out to be.
Just by following the H1-4C-BO rules one could
have easily gathered a 100p's+ on the first leg.
...Lawgirl Rocks...
Edit: NO...I did not participate in this one...Ignored
DislikedForex Trading is a Probabilities Game. Trend Momentum + 3 Trendline Taps + Price Action Confirmation= High Probability.
Location, I really like this formula..very powerful.Ignored
DislikedScrutch...if you don't mind me asking, what is your setup routine for this? Do you find the range on the one hour chart, then apply that same range to the 15m chart, and then only take in direction of rsi on break of range?
Do you wait for the 15m candle to close below the BO range before entering the trade?
If the breakout went to the upside, would you have taken the trade?
Thanks for your help.Ignored
DislikedLook to Page 1 ~ Post 1.
The breakout range is set on the H1 chart, then when you switch to any other time frame chart the BOr will still show the same values as you had on the H1 chart...at least if you're using MetaTrader charting.
LG waits for a complete (body AND wicks) to close outside the BOr on the M15 before making her entry. On the GBPCHF chart I posted the entry (By The Book) would have been as soon as the first small bearish candle closed. Where my short line points would have been where I would have taken the trade using the M15 chart....Ignored
DislikedGet your BO ea's out there is gonna be some serious BO opertunities coming soon
Everything is flat
Go to 15 min TF and leave a little room top and bott and let it flyIgnored
DislikedScrutch or LG can you please let me know if I am doing this correctly?Ignored