Nice potential level on USD/CAD coming up with a WHCR & a swing point that price has previously, seriously been rejected at.
Trading research papers 12 replies
Will do statistical research for pips (or food) 8 replies
What research do you do when not trading? 19 replies
what's your daily morning research routine before trading? 15 replies
DislikedI am watching the USDCAD level as well. But I am a little cautios because we have been more than 9 time back at this area. What speaks for it is the clear sell off after ther last touch....Ignored
Disliked{quote} Ok, now I really know what you are doing. Will look into the possibilities. Actually, perhaps this GU entry will show me the Daily Close above and the entry you may take.Ignored
Disliked{quote} The channel looks like it could be a problem. It did not rally fast enough and create space. Divergence is there though. {image}Ignored
DislikedI am in Gu. Damn slippage cost me 6 pips though. Anyone else realized MT4 now allows us to click the SL line and drag to the desired level? This level on GU also appears to be a weekly PPZ. {image} {image}Ignored
DislikedWhen trading these extreme points it is usually quiet hard to find a decent place for a stop because, like in the case of the GU, price hasn't been lower for quiet a while. I prefer to look at the ATR and see if price has "completed" its daily ATR. If so I am willing to use a tighter stop. On that GU trade I had a 30 pip SL. By now I have taking it to break-even and closed a tiny part of the trade. Not to wake up with empty pockets {image}Ignored
Disliked{quote} Hey Steve! Could you tell me where did you put your TP? Thanks, StephenIgnored
DislikedJust thinking about what Ghous was saying about the way he is trading these days. It does seem to really jump out at you when you start thinking about these areas. Bet he was all over these former areas on GU. {image}Ignored
DislikedJust discovered that my understanding of the Rounded Retest is not exactly as it should be. Maybe Helius can confirm this. It appears that for a RR to be valid there must be three prior swing points, that price breaks through and rounds off as it returns to the area. {image}Ignored
Disliked{quote} I'd overlooked this detail as well. Upon reviewing many of the charts Tom pasted in the fail better thread, indeed most of the rounded retests had 3 touches before the break and retest...and the retest should have some space after the breakthrough.Ignored
Disliked{quote} In on Gu again. I finally feel good about the daily close. (Back within the former bar's range ) g. {image}Ignored