It looks like a bearish pinbar on the 4hr eurusd. Maybe this will be the beginning of the
move down to 1.33980 for the T4Y_680 eurusd
move down to 1.33980 for the T4Y_680 eurusd
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Draw line with predetermined pip distance from the origin line 5 replies
Which platforms offer non-predetermined timeframes? 6 replies
Adjusting the colours of bar range indicator at predetermined values 4 replies
Disliked{quote} Fantastic. I'm so pleased for you. Steve ps stay humble. The market can punish you hardest after a good run.Ignored
DislikedI've just done a little chain reaction research on AU. If you look at the current bear trades and then follow the trades it triggers, and then follow that and keep going across all the templates, then we have a bearish 'chain reaction' all the way down to 0.8005 (I can't see the T5_103 down there, so it may go even further). Just something to 'bear' in mind.Ignored
Disliked{quote} yes i did this with eurusd as well... it goes down some to the 1.30 region... i think just sub 1.30 is bigger probability area for it to reverse higherIgnored
DislikedJUST AN IDEA - HOPE IT WAS NOT MENTIONED BEFORE------ Pick one template lets say 680 ----- establish trend with it and it only---follow rules for it and place a trade accordingly--------THEN------ Drop down to the 103 template and trade only in the direction of the 680 trend. Any thoughts? Looks like it might control number of trades in a year for each Currency pair but give a lot of pips per trade as there would be multiple trades per currency pair all heading in same direction with just one TP based on the 680 rules. (You could start with the...Ignored
Disliked{quote} so what would you suggest for the eurusd pair? up or down first? if people shorted at 1.3550 area for its t680 target of 1.3409 they would be badly stung right about now... and upside is also violated targetting 1.3919..Ignored
Disliked{quote} Yes i agree -- there would be significant DD ----- but knowing that and knowing it would eventually hit TP we could plan for it by lowering our risk per trade.Ignored
DislikedJUST AN IDEA - HOPE IT WAS NOT MENTIONED BEFORE------ Pick one template lets say 680 ----- establish trend with it and it only---follow rules for it and place a trade accordingly--------THEN------ Drop down to the 103 template and trade only in the direction of the 680 trend. Any thoughts? Looks like it might control number of trades in a year for each Currency pair but give a lot of pips per trade as there would be multiple trades per currency pair all heading in same direction with just one TP based on the 680 rules. (You could start with the...Ignored
Disliked{quote} so what would you suggest for the eurusd pair? up or down first? if people shorted at 1.3550 area for its t680 target of 1.3409 they would be badly stung right about now... and upside is also violated targetting 1.3919..Ignored
Disliked{quote} templates are a small portion of bobi's system... that guy could calculate every bounce if he wanted to - i have seen him make such ridiculous calls in the past for them to only be true. once or twice is coincidental but time and time again - he is onto something... my point is we can use this system successfully with minimal drawdown but are missing a portion to abonacci... luckily for me i did not trade as this year i am practising my patience in order to swing trade... now yesterday i also took a short at 3735 but cashed in before NY...Ignored
Disliked{quote} Hey Tom, it is certainly one way to trade this, and something jmss59 and I have advocated. However, when I look at a phase of 103 pips, in the context of the phase of 1130 pips, then a 'counter' template trade on the 103 amounts to nothing more than trading a small part of a technical correction/pullback/consolidation on the larger template. After all a 40 pip trade in the middle of a 600+pip move is a fraction. So we could miss out on alot of profitable trades... The way I do it is by adjusting my lot size relative to the template to allow...Ignored