DislikedIt's when momentum starts to drop that I close my position. Any time-frame.Ignored
It's hard to understand. By momentum you mean something like we have all red or green candles and then opposite color starts appearing more and more?
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DislikedIt's when momentum starts to drop that I close my position. Any time-frame.Ignored
DislikedI thought I would post a trade I took earlier this morning, I have not posted any trades in a while, this trade was based off the daily chart with entry on the 4hr trigger chart. It missed the target I was looking for but I took it anyway. So far 145 pips to the good.
--NMIgnored
DislikedIt's hard to understand. By momentum you mean something like we have all red or green candles and then opposite color starts appearing more and more?Ignored
DislikedThe room is so silent....Here is a setup am watching out for on the completion of hourly candle
CheersIgnored
DislikedHi NM
nice to see you again.
what was the stratergy behind this trade, it doesn't look like a 3sma trade?
AndyIgnored
Dislikedit goes by currency, not currency pair.
euro is strong
aud is weak
so eur/aud should be a good combination to trade.Ignored
DislikedIt is not the 3sma method, even though, he uses the completion of the 1,2,3 pattern as a trigger for entry.
I think i understand what he did. First, he looked at the daily chart for double tops. Then, he superimpose the RSI indicator on the daily chart looking for solid divergence. After a good divergence rears it head, he then switch to the 4hour timeframe looking for a telltale signs of reversal, that is, the vaunted 1,2,3 formation on 4hr time frame. Then, at the completion of that 1,2,3 formation, he entered. I have attached a chart below....Ignored
DislikedEven though I do not use indicators I decided too pull up the MACD, RSI,and the Stochastic on the daily chart, all 3 of the indicators are also showing that a turn around could be drawing close by the divergence, as the price was making higher highs but the indicators were not able to make the trip.
--NMIgnored
DislikedHere is a chart of the daily I have marked the S/R levels I was hoping the change would happen at it missed somewhat but it was close enough for me to take the entry.
--NM
Eidt: Added target area chart...Ignored
DislikedI see that too. It was most pronounced on the STOCh. ANYWAYS, indicator is what mayorowo uses...personally, i dislike them.
i see.
it eur/usd may yet reach that target line.Ignored
DislikedI see that too. It was most pronounced on the STOCh. ANYWAYS, indicator is what mayorowo uses...personally, i dislike them.
i see.
it eur/usd may yet reach that target line.Ignored
DislikedEURGBP's trend was down last week. I think EURGBP is still in down trend in this week. ADX, RSI, WPR, and STOCH show the powering of this trend.Ignored
Dislikedyeah, and my neighbour's cat was today walking across the street, which means eur/gbp is definitely down. Also I stood up today with my left foot, another good indication that eur/gbp is down.
I know, very dry humor (if you can call it humor at all)Ignored