Trading Made Simple

Quoting tenmilewalk

Disliked

any advice appreciated Three trades today First trade taken short after pullback and doji appeared at daily high. Price retraced. Exited once candle changed color. Second trade taken short after pullback candle formed at daily high again. Tested and retraced. More sufccessful this time Third trade taken long just now at asian session. Pullback candle formed at daily low. Pullbacks on aud.usd have had quite a high success rate recently {image}

Ignored

Quoting emmanuel7788

Disliked

{quote} here is my view of AU: Price behaviour around Fibs and RN {image}

Ignored

Quoting tenmilewalk

Disliked

{quote} hello emmanuel, sorry i havent been listening, but do I draw the fib levels myself or do i need an indicator?

Ignored

Quoting thomi

Disliked

{quote} . {file} {file}

Ignored

Quoting tenmilewalk

Disliked

any advice appreciated There are two pullback candles here. Inside bar formation as well. If you were to trade this as a pullback reversal, would you guys enter the trade on the breakout of the second smaller pullback or the first larger pullback? thanks {image}

Ignored

Quoting tenmilewalk

Disliked

any advice appreciated There are two pullback candles here. Inside bar formation as well. If you were to trade this as a pullback reversal, would you guys enter the trade on the breakout of the second smaller pullback or the first larger pullback? thanks {image}

Ignored

Quoting adamjhdavis

Disliked

{quote} is it classed as a pull back if the next candle doesn't break the high of it? or does this confirm it? i remember phx62 explaining it a while back

Ignored

Quoting frenetic

Disliked

{quote} My thought on this one: if you look at japanese candlestick you will see that the pull back candle and that inside bar are 2 doji candles means indecisive market condition. Even the LO candle is a candle with both upper and lower wicks so the bulls and the bears are still fighting. I will wait for a candle which has bo upper (or lower) wick to choose a direction. Just jump in when the market has momentum and I think we will be fine.

Ignored

Quoting tenmilewalk

Disliked

{quote} hello frenetic. I should have the basic price chart open as well. the dojis tell quite a bit. Good call. pullback pattern didnt form.

Ignored

Quoting Greenb

Disliked

im backkkkkkk!!! took a break from forex last week due to US independence ATM, in EU long trade {image}

Ignored

Quoting frenetic

Disliked

EJ 15M chart,I think this is a setup we should looking for : Price couldn't broke yesterday low and a pin bar had been created. Is this a good setup emmanuel? {image}

Ignored

Quoting emmanuel7788

Disliked

{quote} not exactly a good setup in terms of looking at candlestick alone to use that for a first time trade entry. But adding position for continuation when price break Prev D low and Prev W low is where I would be looking to add postions.

Ignored

Quoting Phx62

Disliked

{quote} I do not trade the news announcements themselves....in fact, if I am in a trade before high impact news, I will lock in profit or exit the trade to avoid being stopped out....when the market gives me an entry 10 to 30 minutes following the news announcement (and there is no other high impact news event coming), I will enter the market. In this case, I actually entered the market about 30 minutes after the news announcement, once that candle broke the low of the LO candle.

Ignored

Quoting emmanuel7788

Disliked

{quote} not exactly a good setup in terms of looking at candlestick alone to use that for a first time trade entry. But adding position for continuation when price break Prev D low and Prev W low is where I would be looking to add postions.

Ignored