90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #287,221
- Aug 24, 2011 4:30pm Aug 24, 2011 4:30pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
- #287,222
- Aug 24, 2011 4:32pm Aug 24, 2011 4:32pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Red box is a "potential" reversal zone. Price should bounce any where inside that box. If it does it usually goes back to the mean (center)
this in few world means a stop loss of more than 130 pips... too much imho!
90% of traders use TA, indicators and prediction
- #287,223
- Edited 5:03pm Aug 24, 2011 4:33pm | Edited 5:03pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #287,224
- Aug 24, 2011 4:48pm Aug 24, 2011 4:48pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
It is PRZ bro ( potential reversal zone ) or D point
as i said looks bit too much stop loss imo...
at least in this case bad R/R
price can crash below 6300 without significant pullbacks.
exactly similar to what is doing now @6360..
90% of traders use TA, indicators and prediction
- #287,225
- Aug 24, 2011 4:55pm Aug 24, 2011 4:55pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
i go to bed.
tomorrow probably i won't be here..
good luck you all
tomorrow probably i won't be here..
good luck you all
90% of traders use TA, indicators and prediction
- #287,227
- Aug 24, 2011 6:12pm Aug 24, 2011 6:12pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
My enemy daily candle close below the bottom's gap ( 6386)
Small rejection by H1 at 6360 but still within PRZ
Still need more confirmation to say that this bottom.
however...once she goes back into gap 5 august AND back to 6400 area AND stay above PRZ, I will try to take long with my own risk
rgds
Small rejection by H1 at 6360 but still within PRZ
Still need more confirmation to say that this bottom.
however...once she goes back into gap 5 august AND back to 6400 area AND stay above PRZ, I will try to take long with my own risk
rgds
It is PRZ bro ( potential reversal zone ) or D point
based on this, we should have candle close above top of PRZ to think LONG.
rgds,
- 6360 is 50 % of 6618 - 6610 and still no clear rejection yet.
- around 6300 is 200 ema ( h4 )
- we are below bottom of the gap
not euphoria follower
- #287,228
- Edited 9:00pm Aug 24, 2011 8:42pm | Edited 9:00pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
??? dunno
My enemy daily candle close below the bottom's gap ( 6386)
Small rejection by H1 at 6360 but still within PRZ
Still need more confirmation to say that this bottom.
however...once she goes back into gap 5 august AND back to 6400 area AND stay above PRZ, I will try to take long with my own risk
rgds
not euphoria follower
- #287,229
- Aug 24, 2011 10:02pm Aug 24, 2011 10:02pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
what happen if PA break the PRZ ?
m15 - gold as a sample
m15 - gold as a sample
My enemy daily candle close below the bottom's gap ( 6386)
Small rejection by H1 at 6360 but still within PRZ
Still need more confirmation to say that this bottom.
however...once she goes back into gap 5 august AND back to 6400 area AND stay above PRZ, I will try to take long with my own risk
rgds
not euphoria follower
- #287,233
- Aug 25, 2011 1:26am Aug 25, 2011 1:26am
- Joined Mar 2008 | Status: Name real with real own way | 23,415 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #287,234
- Aug 25, 2011 1:36am Aug 25, 2011 1:36am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
out BEp - 7
90% of traders use TA, indicators and prediction
- #287,235
- Aug 25, 2011 1:39am Aug 25, 2011 1:39am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
oh big baby king ... don't cry.....
bro watch top of PRZ box ( 1 H ) , once break out... let's see
bro watch top of PRZ box ( 1 H ) , once break out... let's see
not euphoria follower
- #287,236
- Aug 25, 2011 2:06am Aug 25, 2011 2:06am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
PA back to the gap 5 august.
Stay above PRZ
back to 6400 ??? waiting
Stay above PRZ
back to 6400 ??? waiting
My enemy daily candle close below the bottom's gap ( 6386)
Small rejection by H1 at 6360 but still within PRZ
Still need more confirmation to say that this bottom.
however...once she goes back into gap 5 august AND back to 6400 area AND stay above PRZ, I will try to take long with my own risk
rgds
not euphoria follower
- #287,237
- Aug 25, 2011 2:34am Aug 25, 2011 2:34am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #287,239
- Aug 25, 2011 4:27am Aug 25, 2011 4:27am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
