{quote} Ooo, thank you very much....
Another simple system - Time-Frame 15
- #22,102
- Aug 9, 2013 10:32am Aug 9, 2013 10:32am
- | Joined Jul 2012 | Status: consciuos incompetence level | 2,064 Posts
{quote} now, since you got this already... if you want to expand it further then "order flow" is another subject that you might want to study. lol. a lot of readings... but it will open your eyes to see why the price move in certain way, the way they do, and how pros think.
JacekPreserve Precious Capital
- #22,103
- Aug 9, 2013 10:50am Aug 9, 2013 10:50am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
{quote} Looks like there is no other way.....
- #22,105
- Aug 9, 2013 5:23pm Aug 9, 2013 5:23pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
{quote} Looks like there is no other way.....
check your pm.
- #22,106
- Aug 9, 2013 8:53pm Aug 9, 2013 8:53pm
Hi all!I know the pattern is not story of this thread,but this is interesting trade I want to share with all
On Thursday,I notice both AUD and EU are up-trend but there is diffirent story between them!AUD changed his intinial trend from down to up and the trend was at beginning,EU had been in up-trend for a quite long time so I measured that there are more buyer in AUD than in EU(This thing means the streng of uptrend in AUD is stronger than in EU!)At this time I noticed the Head-Shoulder-Head pattern form in H4 EU/AUD,so I decided to pick this pattern(Noteon't pick blindly any pattern you see,you should understand the true story behind it)!It was nice pattern and it worked out very well:Now it hit my TP:
On Thursday,I notice both AUD and EU are up-trend but there is diffirent story between them!AUD changed his intinial trend from down to up and the trend was at beginning,EU had been in up-trend for a quite long time so I measured that there are more buyer in AUD than in EU(This thing means the streng of uptrend in AUD is stronger than in EU!)At this time I noticed the Head-Shoulder-Head pattern form in H4 EU/AUD,so I decided to pick this pattern(Note
on't pick blindly any pattern you see,you should understand the true story behind it)!It was nice pattern and it worked out very well:Now it hit my TP:
- #22,111
- Aug 11, 2013 11:15pm Aug 11, 2013 11:15pm
hi all did i pick demand zone correctly ? i will wait for price down to that level and watch. hopefully there is a reseval at that level {image}
- #22,112
- Aug 12, 2013 12:02am Aug 12, 2013 12:02am
- | Joined Jul 2012 | Status: consciuos incompetence level | 2,064 Posts
hi all did i pick demand zone correctly ? i will wait for price down to that level and watch. hopefully there is a reseval at that level {image}
JacekPreserve Precious Capital
- #22,118
- Aug 12, 2013 5:24am Aug 12, 2013 5:24am
- | Joined Jul 2012 | Status: consciuos incompetence level | 2,064 Posts
AU... 37 pips
JacekPreserve Precious Capital
- #22,119
- Edited 7:44am Aug 12, 2013 5:52am | Edited 7:44am
{quote} that's is beautiful. you just base on the touch of key level resistence to trade. of anything else. could u share you thought when i made , that trade, mate?
I normally only take trades around the 100 SMA.
Price > 100 SMA = bullish therefore longs.
Price < 100 SMA = bearish therefore shorts.
The support/resistance area and 100 SMA was broken with the weekend gap so I waited for it to retrace before entering the trade.
I use a tight stop loss in case the trade turns against me so I only leave with a small loss.
I learnt the concepts off Greg Miakalowski - Attacking Currency Trends & Alex Nekritin, Walter Peters Ph.D - Naked Forex
I started using TDI in my trading after reading this thread, but not with this trade. From now I will only post trades with the TDI as I think that what the basis of this thread is.
i just switched to the template in this thread: http://www.forexfactory.com/showthread.php?t=428204 thanks for jackup for pointing out his thread.
***