EURCAD closed some orders.
thanks sifu...
- #72,665
- Edited 8:53am Jun 2, 2014 8:36am | Edited 8:53am
Updated.. Reached TP.
Possible reentry later..
It may go higher without correction afrer usd news.
I did 20% of my mini acc. xD
I think U dont need to make so many entries as these guys before.. good entry for me is the half of succes
Possible reentry later..
It may go higher without correction afrer usd news.
I did 20% of my mini acc. xD
I think U dont need to make so many entries as these guys before.. good entry for me is the half of succes
Build your own dreams, or someone else will hire you to build theirs.
- #72,667
- Edited 9:25am Jun 2, 2014 9:08am | Edited 9:25am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU M1 shows good example of why to be careful on entries and watch for exits before H1 reset. Red candle headed down, dragon headed up but below ema and at 23.6% daily fib, then on reset look at the next green candle. MM's get you sucked in on shorts if your entering a short scout on the lower t/f and then whip it right back up and grab tight stops. I know most traders are trading higher t/f's but drop down to a lower t/f for a better entry, so care must be taken.
Regards,
Cigarguy
Regards,
Cigarguy
Keep It Simple
- #72,668
- Edited 10:10am Jun 2, 2014 9:56am | Edited 10:10am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} The truth is my chart is quite a messI hope this doesn't prevent me making considered contributions to the discussion. Also for some reason my PVRSA doesn't display correctly in one chart so I have to work around: I do not have the time and photoshop skills to cut and re-paste
Sonic's # Rule......."No pic, no post."
This is clearly stated in Post #1, and with plenty of warnings about not following rules for posting. You seem to think your text is valuable. Not so! This is a text book and requires lots of proper diagrams in order to most clearly make a point.
There is no reason your charts should be a mess if you know how to use your platform. There is no reason for the template to fail if you know how to install it. Go back to Post #1 and get your homework done before posting more.
Since coming here, only one out of over a dozen posts has been with a picture. It is about time for you to better comply or lose your posting privilege.
-tah
- #72,669
- Jun 2, 2014 10:01am Jun 2, 2014 10:01am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,670
- Jun 2, 2014 10:24am Jun 2, 2014 10:24am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,672
- Edited 11:19am Jun 2, 2014 11:08am | Edited 11:19am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #72,675
- Jun 2, 2014 11:43am Jun 2, 2014 11:43am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
UCad- watching Higher TF and entrying base ond lower TF before news .. we aproach support strong support it makes me believe there might be bulls, high activity on low before news made my entry long, then we got news - bullish ucad but what do I see now is : Trendline need to be broken Restistance one, than if we broke the second need to be broken strong. We will see, after NY open today they will show us the way if there are really bulls or maybe there will need more accumulation. For me Ucad is getting ready for a run, and the high volume on lows...
- #72,680
- Edited 6:07pm Jun 2, 2014 5:35pm | Edited 6:07pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Evaluate my homework please, Prof TAH
The support area which you marked on your H1 chart is correct. However, I strongly suggest you not be presumptuous by drawing a bullish PA wave until there is one, which won't be the case until the Dragon is properly angled up,.....and even better if having crossed up thru the Trend. This can "miss" the first impulse up, but it is a good habit to have so that you miss the negatives which that first impulse sometimes entails - so you establish the knowledge of what is a proper setup and get into the habit of rejecting all else instead of leaping before you look, or in this case before the setup looks good.
A significant aspect of trading - one that can turn the tide on your profits or on your losses - is developing good habits that are rooted in a commitment to patience. Consider yourself to be a hunter instead of a trader. Become familiar with the area (PVSRA), patiently wait for a proper trade to come to you - not just anything that comes - only when a proper setup is in your sights, and at the right time, should you consider squeezing the trigger.
What you are looking at here is immature and not a proper target for the hunt.
We cannot know if the price will revisit the quarter LEVEL area, or be taken back down to the whole number LEVEL area, or be taken even lower (RWL?). An area of previous support is not contractually obligated to function as support the next time price gets there! There are three AUD high impact releases within the next six hours and another one tomorrow. That does not include what USD high impact releases might be used by the MMs for any concluding drive, and in whatever direction they have decided on. I suspect up, just as you do, but there can be more down and more time before we see a Classic long setup. We just cannot know how the price will move next. Therefore, as hunters, we must be patient and wait for that proper setup to come to us.
