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  • #322,141
  • Nov 9, 2010 9:43am Nov 9, 2010 9:43am
Quoting TheSwede
When you trade the break how do you get the confirmation of a break out (usually dont trade breaks but curious)
M15/M30 bar close is first step. Next bar close is confirmation. Often the price will come back and re-test the breakout zone which turned into a S/R. You can get a conservative entry at this time.

Aggressive/fast move way : push the button as soon as the price goes your way. But you'll get more loosers from fake outs.
Don't just be a sheep : make your own idea of it.
  • #322,142
  • Nov 9, 2010 9:45am Nov 9, 2010 9:45am
Quoting druckenmillr
sigh.



chart is self explanatory.

patience is the key.

stan
My post was break of 3 pin support on your chart at 13912
making green pips large and red pips small this is my goal.
  • #322,143
  • Edited 9:58am Nov 9, 2010 9:46am | Edited 9:58am
Quoting geniusztc
hello,professional .there is something wrong ??? what about you ?
http://www.forexfactory.com/showpost...stcount=322095

sorry mate...ranging up n down 50-100pips is not my taste

but as mentioned b4, if u look at ur H1 vs H4, u may get at least some nice pippin

GL

g
  • #322,144
  • Nov 9, 2010 9:46am Nov 9, 2010 9:46am
Quoting nebuman213
Wait to see if candles close below the breakout area. If candles don't, its a fake. If candles does close below, enter on a retrace...at least that's how I would trade it.
But breakouts are usually fast till candle closes everything is over
And usually don't retrace to resistance 'cos they do bear flag and then again fast down move.
  • #322,145
  • Nov 9, 2010 9:46am Nov 9, 2010 9:46am
knock knock !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #322,146
  • Nov 9, 2010 9:46am Nov 9, 2010 9:46am
Quoting SkyzerFX
Yeah, that happens all the time.. Most commercials and large traders

are net SHORT GOLD/SILVER since about 3-4 days ago and it's still firing

up.. As I read on kitco.. Even they not figure this one out..

More problems for Europe, Constant QE's for USD and others will

just add fuel into Gold/Silver/Commodities fire.. I've bee investing

in commodities only for years, let's see how paper tiger with clay

legs will fight rising prices
did i miss something.

has this become a metals thread?

  • #322,147
  • Nov 9, 2010 9:48am Nov 9, 2010 9:48am
Confirmation? Lets see
  • #322,148
  • Nov 9, 2010 9:49am Nov 9, 2010 9:49am
Quoting DMA Trader
knock knock !
who's there?
  • #322,149
  • Nov 9, 2010 9:49am Nov 9, 2010 9:49am
Thought I would take a speculative short on silver. Sold what I thought was 1 full lot to make the move $10/1 penny only to find out silver is already in full lots unlike my forex mini lots where 10 is a full lot. I was trading $100/1 penny. A little too speculative, got out as soon as I realized for $200 loss.
  • #322,150
  • Nov 9, 2010 9:49am Nov 9, 2010 9:49am
Quoting fx111
But breakouts are usually fast till candle closes everything is over
And usually don't retrace to resistance 'cos they do bear flag and then again fast down move.
Personally, I would prefer a strong breakout followed by an aggressive move away from the breakout zone...then 10 - 20 candles later, a retrace. Then I would enter...that way I know its a strong area where there are hordes of supply/demand. RR is satisfying as well on these trades ;-)
  • #322,151
  • Nov 9, 2010 9:49am Nov 9, 2010 9:49am
Quoting DMA Trader
knock knock !
who is it? ;-)
  • #322,152
  • Nov 9, 2010 9:49am Nov 9, 2010 9:49am
Enough for easy shorts. Time to adjust stops and and leave the extra for a free gain if it break further down The easy part is completed. IMO, reaction on 1.388x/confirmation is key intraday for the rest of the day (max till London close) time, break lower again or chop is my call for the rest of the day .... after that time to check something else to trade if you wanna keep trading the rest of the afternoon.

Let see.

DMA trader, excellent call. All yours.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #322,153
  • Nov 9, 2010 9:49am Nov 9, 2010 9:49am
Quoting bradu
short EU 1.3945...SL-1.3976, TP - 1.3895

have a nice evening !
  • #322,154
  • Nov 9, 2010 9:49am Nov 9, 2010 9:49am
Quoting Hyru
Confirmation? Lets see
you are on the forex factory.
  • #322,155
  • Nov 9, 2010 9:50am Nov 9, 2010 9:50am
Lol any one getting deja-vu.
making green pips large and red pips small this is my goal.
  • #322,156
  • Nov 9, 2010 9:55am Nov 9, 2010 9:55am
Quoting cloggie

Right now we are entering a 3946-3916 range UFN
Quoting cloggie
If 3916 goes, then I have my eye on 3886.
close enough for government work, covered.

Now it needs to test that 3916 again.
  • #322,157
  • Edited 10:31am Nov 9, 2010 9:55am | Edited 10:31am
Quoting paul1
Absolutely fantastic I learn from vdeo so much easier .
Thankyou who was that FB.
I been reading this stuff but any videos would be great.
His name is Tom Williams, he developed modern VSA, based on the old Wyckoffian analysis methods...

There is a company called TradeGuider that I think he co-owns who put out a lot of educational material, not sure about their software as have never used it. Malcolm14 would be the man to ask, as I know he uses it.

There is quite a lot of free stuff about, try these for starters:

YouTube channel: TradeGuider

http://www.tradeguider.com/mtm_251058.pdf

Also that link to Sam Seiden's stuff on FX Street contains mainly videos:

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

PS. that PDF book is very strongly recommended, force yourself to read it...
  • #322,158
  • Nov 9, 2010 9:55am Nov 9, 2010 9:55am
Quoting DMA Trader
knock knock !
  • #322,159
  • Nov 9, 2010 9:57am Nov 9, 2010 9:57am
Quoting DMA Trader

knock knock !
Any Longie There...!?

  • #322,160
  • Nov 9, 2010 9:57am Nov 9, 2010 9:57am
it maybe close as a doji. and tomorrow it can go long again . who knows
A chart helps those who can read it.
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