Is this a valid Setup at the marked bar. if you put the Stop Loss at the low of that bar you got stopped out, correct??????
H... Oh and its You tube too! (Thanks Steve) http://www.youtube.com/watch?v=re_uMED1Ne0 I'll be moving the other video to the You tube channel as well and editing the relevant posts. g.
Again, what a great video. Excellent how you managed the trade and thanks for also showing a trade that went against you. Not a lot of ppl would do this
Good to see you are on Youtube now!
Price is what you pay. Value is what you get.
{quote} Hey Brixton, Once again, its all about the story.Notice how its headed straight back into a responsive round number and the bar high turned flip just under it. Should make the trade a very tricky proposition {image} g.
Yes I agree, hence i'm just watching atm. It one of those ones where I want to see what the next few bars have to say
- #384
- Sep 5, 2013 3:16am Sep 5, 2013 3:16am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Ok so the Youtube channel is now up and both videos are on it live!
Here's the link for those of you interested in bookmarking / subscribing:
You tube channel
Thanks a lot Pinbar (Steve) for helping me set this up.
g.
Here's the link for those of you interested in bookmarking / subscribing:
You tube channel
Thanks a lot Pinbar (Steve) for helping me set this up.
g.
I believe . . .
- #386
- Sep 5, 2013 3:30am Sep 5, 2013 3:30am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Is this a valid Setup at the marked bar. if you put the Stop Loss at the low of that bar you got stopped out, correct?????? {image}
I always use the fake out bar high/low level plus the spread plus a buffer (usually 5-10 pips) for my stop loss. But in case you would have gotten stopped out, this was still 100% tradable on the next bar (that took out the fake out bar) as it only worked as a nice second confirmation of the LLS holding as support.
g.
I believe . . .
{quote} Hey there, I always use the fake out bar high/low level plus the spread plus a buffer (usually 5-10 pips) for my stop loss. But in case you would have gotten stopped out, this was still 100% tradable on the next bar (that took out the fake out bar) as it only worked as a nice second confirmation of the LLS holding as support.
Thanks for the answer
- #388
- Sep 5, 2013 3:43am Sep 5, 2013 3:43am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
Ok so the Youtube channel is now up and both videos are on it live! Here's the link for those of you interested in bookmarking / subscribing: You tube channel Thanks a lot Pinbar (Steve) for helping me set this up.
Too bad that we both now live in countries where VPNs are necessary.
When will they learn? Probably never.
- #389
- Sep 5, 2013 3:53am Sep 5, 2013 3:53am
- | Commercial User | Joined Mar 2008 | 9,071 Posts
All the best Ghous... 
Cheers..
Sonic
Cheers..
Sonic
- #390
- Sep 5, 2013 3:57am Sep 5, 2013 3:57am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
All the best Ghous...
Good to see you here
g.
I believe . . .
- #395
- Sep 5, 2013 4:52am Sep 5, 2013 4:52am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I shorted AUD/CHF at 0.8571 in H4
We may get it on this current bar, but that's still just only a "may" because we haven't closed yet.
g.
I believe . . .
{quote} Pretty aggressive given the fact that you still don't have a confirmation of price getting rejected off the HHR. Its holding up fine but it has yet to close as a 4H bar that shows "rejection" We may get it on this current bar, but that's still just only a "may" because we haven't closed yet. {image} g.
Thank you very much... both G and O...
I will monitor this trade closely next 1 hour
80% effort, 20% luck
- #398
- Sep 5, 2013 5:10am Sep 5, 2013 5:10am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
USD/CHF also in my watch list fake out formation already happen.... HHR at 0.9395 Waiting for second maybe third confirmation........
Looks dodgy to me.
There appears to be more space to go up than down.
In fact I am not seeing that many setups worth taking right now across the board.
{quote} yet to close as a 4H bar that shows "rejection"................... Got the point Thank you very much... both G and O...
From mine own experience i know that you have to be very very very selective when taking trades
Greetz
