DislikedI did however just take this entry on the EU 5 min chart (where possible I will monitor them) BE is already in.Ignored
ipnee
Day Trading vs. Swing Trading vs. Position Trading 86 replies
Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies
End of Forex Day - Start of Forex Day 13 replies
How did soros make 1.1 billion in one day trading forex 13 replies
Day trading and forex 0 replies
DislikedI did however just take this entry on the EU 5 min chart (where possible I will monitor them) BE is already in.Ignored
DislikedDo you think this was one that just happened to fail or was i missing something important here
Attachment
Cheers
DanIgnored
Dislikedwell, things not going well for me. Every trade i have taken so far the last week and a half has been a loosing one .. except for one
EU 5min today
retrace back up to round number, pin bar, took the break of the low.
Do you think this was one that just happened to fail or was i missing something important here
Attachment
Cheers
DanIgnored
Disliked
Now just briefly looking at the hourly chart, that is caught in an upward sloping channel therefore the option for the charts could be to be looking for areas to go long away from the bottom of the channel or short from an area near the top of that channel providing that something on the 5 min chart did present around that area.Ignored
DislikedThanks DW for the charts and help, really appreciate it. I cant believe i didnt see that channel on the high timeframe.
Also, is anyone looking to short EU at the 'neckline'. It looks like a head and shoulders pattern. could see a move to about 250 pips
Attachment
DanIgnored
DislikedHi Dan,
No probs.
When I trade the 5 min chart I also try to keep 1 hour and 4 hour view open on my second monitor just so I can have a quick view of what is going on in those time frames. Hourly is the main one that I pay attention to though with relevence to my 5 min trading.Ignored
DislikedHi DW, thanks again for the help. I was wondering if it would be possible for you to explain how you draw your sup/res lines when trading on the 5 min. I know it seems like a stupid question but i find myself drawing so many lines combined with the pysch levels that that my charts are completly covered. what tf do you use, how far do you zoom out etc. This would be a great help if you could.
DanIgnored
DislikedEURAUD on the 4 hourly could be looking ok for another entry, pretty much stuck sideways at the moment.Ignored
DislikedEURAUD on the 4 hourly could be looking ok for another entry, pretty much stuck sideways at the moment.Ignored