What you do is a reflection of you....what I do is a reflection of me.
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DislikedAwesome video Ghous, for now though, I am going to stick with the dailies Of course even the dailies don't give a 100% guarantee with these set ups, but with some common sense and money management, I think are much easier to trade than lower time frames. Happy tradingIgnored
Disliked{quote} Hey Ghous, Well because I saw that it was a retracement from the 1.34800 level, the HHR on that TF and as you can see from my chart I waited for the retracement bar to close under the Resistance. Now I'm going to lay out several reasons for my entry at that point and you,Pinbar or anyone who can dectect a mistake on my chart + analysis is free to tell me because I want to learn: 1. The 1.34800 it's 100 Fibo level on weekly and was not breached. 2. I'm watching EURUSD for quite a while and I see that everytime when it tried to touch or breach...Ignored
DislikedGreat info Ghous... read all from your first post.. added the info to the forex repository in my brain and accumulated all the info at one place for the new users.. {image}Ignored
Disliked{quote} Thanks Ghous I should really be out of this trade now, especially as we have H4 bars closing above the 1.46000. Perhaps the SL is too big? That said, I now realize the dilemma of having to wait for a daily close above the fake out bar. {image} {image}Ignored
Disliked{quote} Agreed. There is no harm in cutting the trade out before it hits the SL if there is strong evidence that the trade isn't working out the way you want it to. I do it all the time, so much so that its not common for me to take a full bar loss. I took a half bar loss on Eu that I shared here, and another half bar loss that GJ gave me. I actually recorded that trade and was going to put up on the vimeo channel when I noticed it won't play in HD. g.Ignored
DislikedAnother 4hr/Daily method similar to Jaroo...I'll play along. Here is a 4hr chart of GBP/NZD making some Southern Exposures off of the strong resistance. {image} Best, Eric.Ignored
DislikedYour posts have been scarce on the PF...I went looking for where you went...and found you over here. I can hang out here too. I'll help out where I can. HHR and LLS look like HCR and LCS, so my charts will have similar sounding terms on them. Daily/4hr/1hr is my cup of tea. Glad to be here, Eric.Ignored
Disliked{quote} I would be careful with such "off the system" trades. They might turn out to be good, and then these give you some kind of positive feedback, that "yes, it was good that I made this trade, since I made profit" Also note that we just broke out of the PPZ and what you see and trade might be nothing more but a pullback or a retest. 2) I know we dont talk about news that much but also note that NFP is coming out this Friday which will have the final word on the EU... I hope it makes some sense Cheers, StephenIgnored