Dislikedhi mate - (i think a senior will be able to give a better answer) however this is why i wouldnt have taken that trade
See the orange box - very messy PA, with numerous rejections from 5878. Ideal entry would be close to the 15min 10ema. Check 1hr chart at that time - a pin formed, break of that would have confirmed further downside (but first a pullback to the 1hr 10ema possibly?)
The reason for taking the short i did afterwards - clear swing low, rejection of 50ema, open, RN. Good pin bar with close below 10ema. Entry at the 10ema with a very...Ignored
Another simple system - Time-Frame 15
- #13,802
- Nov 12, 2012 7:23am Nov 12, 2012 7:23am
Spotting the key SR levels is fine. You want to buy, where, what stop, what are your trade rules? Picking a level and trading it was too difficult for me and I gave it up, couldn't get consistent enough. So now I stick to trading the reaction to those levels (areas). If I remember the Jan low is 1.2626, price could easily fall through there below 1.26 before bouncing up.
Maybe price gets there and the buy entry signals are clear, maybe not. Maybe the trend continues. Who knows? Unless you have a plan to trade it perhaps best to stick with the...
As Arjun said:
- on smaller TF we can speak about S/R levels
- on higher TF we can speak about S/D levels
So,the area you marked on M15 I prefer to call it support.
On D1 chart you spotted very well both levels: 1.27 (PPA) and 1.263 (strong demand area in the past). The second one become more important when Sellers take the lead. Now, it seems Buyers and Sellers are even.
- #13,805
- Nov 12, 2012 7:38am Nov 12, 2012 7:38am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
Sold as price got rejected from 200ema very small SL
- #13,808
- Nov 12, 2012 7:42am Nov 12, 2012 7:42am
Hi Ciara
wont the Bank Holiday in US slow things up aswell
That's possible too...made my 10 pips..I'm reading the Thread history..it's a real Treasure.
So much to learn.
Ciara
Ideas shape the course of history
hi brother aryary,
I really love your chart, always clear with simple explanations !
thank you for posting !
how many pairs do you monitor ? always the same ?
peace and love
dom
The main pairs - eur/usd, gbp/usd, usd/chf, aud/usd, eur/jpy, usd/jpy (these are pairs i have always looked at)
Recently added - gbp/jpy, aud/jpy (since looking at arjun's methods) - u/j is pretty dull but good to monitor in general fx terms
Main focus is euro, cable, swissy, aussie, e/j......if i see cable and aussie setting up then i have a quick look at g/j & a/j - see if the correlated pair giving better signal, like this morning between aud/usd and aud/jpy.
thanks
- #13,814
- Nov 12, 2012 10:16am Nov 12, 2012 10:16am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Markets are sooo boring today..
Invented 3-D charts,,EA below
Hope we see more life after NYO.
Love, Ciara
In trading, you have to be defensive and aggressive at the same time
- #13,815
- Nov 12, 2012 10:20am Nov 12, 2012 10:20am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
Bravo
. I am glad someone took it. My internet was down in the morning, so I missed the outbreak through Friday's low. Congratulations, anyway!
Thank you, Vincent for acquainting us with the pattern!
. I am glad someone took it. My internet was down in the morning, so I missed the outbreak through Friday's low. Congratulations, anyway!Thank you, Vincent for acquainting us with the pattern!
Hello ForexNerds
I think i see a POPGUN
i placed an Order for a sell and i think Its working out well
- #13,817
- Nov 12, 2012 10:29am Nov 12, 2012 10:29am
Welcome Back to home Sir,
Good to see you
Good to see you
[color=Blue]OK.....Here we go again...God bless you all folks...
So many discussions in the last 2 days regarding what the post on EBAY.First of all this gave me an oppourtunity to know how much LOVE you guys have for me.I dont know if i will ever be able to repay it.I dont know what this is called.....so many people from different parts of the world.I dont know who they are what they do...
Religion/Race/Country/Continent.....This relationship is beyond everything.What's all this happening here?
You guys brought me tears with your PMs and posts....Thank...
- #13,818
- Nov 12, 2012 10:56am Nov 12, 2012 10:56am
Spotting the key SR levels is fine. You want to buy, where, what stop, what are your trade rules? Picking a level and trading it was too difficult for me and I gave it up, couldn't get consistent enough. So now I stick to trading the reaction to those levels (areas). If I remember the Jan low is 1.2626, price could easily fall through there below 1.26 before bouncing up.
[b]Maybe price gets there and the buy entry signals are clear, maybe not. Maybe the trend continues. Who knows? Unless you have a plan to trade it perhaps best to stick with...
...... LOLI did expected Euro will chase 1.2629 level on US Market today, that's why I did said on my post earlier I would consider to Long on that level today considering that price has met / exceed its daily range and Seller will lost their selling power on the end of the day so it might save to take CT Trade (and price should exceed 50 pips away from EMA 200). Totally forgot, today is US Holiday
...LOL (Was so busy to read early pages of this thread and ignoring today's news schedule) Later when Euro gets to this level (1.2630) I will examine carefully the PA on smaller TF. thanks for the suggestion, and Yes, I really like to trade away from EMA 200 as per your suggestion
It feels better to trade that way for my psychological emotion 
CU tomorrow everyone, take care and do Love Everyone
- #13,819
- Nov 12, 2012 11:19am Nov 12, 2012 11:19am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
