I can only say that traders give more importance to daily close than it deserves.
Same for 4 hour candles.
Thanks KW
Even the worst trade can close with profit. Just give it time.
- #729,841
- Dec 10, 2012 4:53pm Dec 10, 2012 4:53pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Thanks KW
- #729,842
- Dec 10, 2012 4:53pm Dec 10, 2012 4:53pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Similar to this.
yep I did a couple charts au last night, the right shoulder similar to the previous H&S, has done a late stop grabber, is not unusual for her as, she is long friendly, swap etc, but what goes up must come down, ky is when, she is like kiwi trading in extreme high zones, long tem the trade is short, but swap kills too early entry
I have this chart, and story is same as last night she in no mans land other for me trading daily open zones, breakout of this little blue triangle, should be interesting, it is daily, and she just printed another fuk doji, so the waiting goes on
Chart Daily, she actually is trading at a mid of 2 monthly levels, which supported me to trade open zones yesterday, and if she still there when todays zone have printed may try again, some mover meetings this week starting tomorrow
My view, if you treat all time highs and all time lows as range, rule is sell top range buy bottom, aussie kiwi at top
when they do move I definitely want be onboard 
If you are new to Forex? Say Goodbye to your account!!
- #729,843
- Dec 10, 2012 4:58pm Dec 10, 2012 4:58pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
True,
Would there not be some average found online? Last time I checked closing levels were used as S&R levels..
Please explain, trying to learn here
those who can, do. those who cant, talk about those who can
- #729,844
- Dec 10, 2012 5:02pm Dec 10, 2012 5:02pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #729,845
- Dec 10, 2012 5:09pm Dec 10, 2012 5:09pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
just find one you like.. use it as you set up your trades. if i post one, and you have one with a lower or higher close. use your brokers #, the broker your trading with.. if it not using closes,, allow a pip or 2..
Even the worst trade can close with profit. Just give it time.
- #729,846
- Dec 10, 2012 5:10pm Dec 10, 2012 5:10pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.
- #729,847
- Dec 10, 2012 5:10pm Dec 10, 2012 5:10pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I can only say that traders give more importance to daily close than it deserves.
Same for 4 hour candles.
I know successful traders, who only trade daily opens, nothing else no indis,sr,fibs nothing, pa go above open the buy sl below and sell isvice versa,
I scalped for over a year just trading 5 min candles in a skype room forex peacearmy, london open only for 1 hr with reasonable success, just little too hard on nerves
Another candle trader just trade 4hr candle london open little more complicated but basically same principle, if pa go above they long below they sell, but they could also to wait for opposite, eg bull candle prior, new candle they would buy if price went above open with sl below open, howerver if pa went up then retraced below open, they sold with sl above the high just printed, generally it was 1 trade per day, once entered they switched off platform and come back 4hrs time for close of candle
Try it on demo, see what success you have and compare with normal trading result, you may be surprised
If you are new to Forex? Say Goodbye to your account!!
- #729,848
- Dec 10, 2012 5:14pm Dec 10, 2012 5:14pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.
- #729,849
- Dec 10, 2012 5:17pm Dec 10, 2012 5:17pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #729,850
- Dec 10, 2012 5:21pm Dec 10, 2012 5:21pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
Yes, I mean we are trading what we see on our screen
those who can, do. those who cant, talk about those who can
- #729,851
- Dec 10, 2012 5:23pm Dec 10, 2012 5:23pm
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
- #729,852
- Dec 10, 2012 5:23pm Dec 10, 2012 5:23pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
What is your trading history Kiwi?
2nd trade I hav just sell cable, gov boe speeking rubbish, brits still in deep poop
chart 4hr trading breach of rising channel, 2nd retest, sl above tl and secondary double top, thought I had the trolloop last night with the retest, but ahole bull bar took me out, losts work to do but 1st fence 200sma 2nd fence 50fib
just liking the way the 50 sma has detatched from tl, 1hr last candle was nice inverted hammer time will tell
If you are new to Forex? Say Goodbye to your account!!
- #729,853
- Dec 10, 2012 5:23pm Dec 10, 2012 5:23pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #729,854
- Dec 10, 2012 5:38pm Dec 10, 2012 5:38pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
this is a good one[/u][/i][/b]
If i remember correct each trade duration was 4hrs max, I think will be good to track down and put in graveyard, for people who have little time at platform, and only looking for 1 trade per dayish
If you are new to Forex? Say Goodbye to your account!!
- #729,855
- Dec 10, 2012 5:41pm Dec 10, 2012 5:41pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
yes apologize I forget his name, but to get into skype room was by inviation, I did have the full trade plan on old pc, it is long dead
If i remember correct each trade duration was 4hrs max, I think will be good to track down and put in graveyard, for people who have little time at platform, and only looking for 1 trade per dayish
those who can, do. those who cant, talk about those who can
- #729,856
- Dec 10, 2012 5:58pm Dec 10, 2012 5:58pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
it sounds like a rough cloggy trade.
the trade plan was when at forexpeacearmy, he might been there under different name, is over 8 years ago
what your thoughts on this idiot
BoE's King warns on growth of managing exchange rates
where has he been living, BOJ SNB been doing it for ages, even merkel, mario, bennie, bunds, been also doing it for ages, just by include 1 or 2 words, they passively or subliminally intervene to manipulate currency
This guys a dick, brits on verge if not already in triple recession, only thing been keeping head obove water was olympic games euphoria, now like all games, they have multi billion dollar white elephants with bills to pay
I think gbp is on road to a monster bashing, usa will "solve"?? fiscal cliff, right off their own debt pffft kick down road, italy bond just go through the roof, and euro gbp will get the bash, just waiting chance to buy ticket, will be nothing like tyson nibble ear, this will be a blood bath ear nose horn, testicle
If you are new to Forex? Say Goodbye to your account!!
- #729,857
- Dec 10, 2012 6:04pm Dec 10, 2012 6:04pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.
- #729,858
- Dec 10, 2012 6:10pm Dec 10, 2012 6:10pm
- | Joined Dec 2011 | Status: NZ Trader | 1,652 Posts
Even the worst trade can close with profit. Just give it time.