Aussie Anticipation :
Will see where this takes me.
Will see where this takes me.
4 Hour Strategy (MACD)
- #27,682
- Jun 25, 2014 2:42am Jun 25, 2014 2:42am
{quote} My euro from yesterday is still in play, usually i only like 1 trade at a time or i get confused and agitated. But I have taken a short on the U/Chf because of your previous chart/post. I am no expert but my anticipation (this is what you are trying to learn) Is for price to fall again, why? Macd can make a TC down. Price has broken the 200 with a BPM. The former support and 365 make a good target and magnet. Price has touched the 8/21 and has not broken or closed above them. My stop loss and take profit is a mess because I wanted to get...
I ain't sure here so will help you push this down with thought only. There's about 25 odd pips down to that lower Support for you to grab - go get em buddy
.
- #27,686
- Jun 25, 2014 12:31pm Jun 25, 2014 12:31pm
{quote} Howdy Richard - Thought I would have a wee look at what you are watching just for some fun
Alright mate,
I wouldn't usually trade this pair, but as Nic is keen and posting charts etc... I thought i would join in the fun.
I was only after the support area and the 365.... job done...pips in the bank..except my take profit was too small. it was only 10 pips...
But it was a rash trade and then i had to leave for work...so 10 pips in the bag...easy peasy...
I closed my Euro too....33 pips but missed out on 10 more from the days high...no problem...
2 orders opened and left to do their job... success...
Happy days....are you trading real and i mean real money now??????
- #27,687
- Jun 25, 2014 12:33pm Jun 25, 2014 12:33pm
Still watching this trade. R:R 1:1. {image} Took GBPUSD too and got killed, 42pips Like Binnie's posts. Very clear and easy to understand charts and analysis.
How did you get killed on the GBP?
Binnies charts are ace.....he makes it look so easy.... ...
I got rid off all the clutter...fibs/pivots etc...they just confuse things...either trade that way or don't use em.
- #27,690
- Jun 25, 2014 4:08pm Jun 25, 2014 4:08pm
{image}
Thanks for sharing the chart. I am a little unclear on the comment about the 89 being far away. What do you mean? Were you expecting a move upwards but decided to go short when price dipped back under your 21? If your direction is correct, there is some nice pips to be collected .
If the last significant low can be taken out, there could be a downhill run to the Weekly S & R 1.4440 area.
Good pips mate.
- #27,692
- Jun 25, 2014 4:52pm Jun 25, 2014 4:52pm
Thank you for all your replies. Thus stuff is so difficult and I now doubt if I can ever make it. I went away for a few days to get some air. What exactly is market rhythm, i went through the videos several time and I don't think I have got the idea. Felt like I am doubting my own ability and is damaging my self confidence Maybe I should stay away for longer.
I go thru that exactly myself buddy. Try & remember that you will never see the perfect set ups day after day. In fact, if you follow just 1 or 2 pairs, it can become quite boring waiting for the setups to show. Thats why it is good to play around with other pairs just for spotting purposes.
It might sound simplistic but how about thinking about it like this -
If price is trending, you will see plenty of TC trades and for that matter, once you have developed your own plan of attack, there will also be plenty of CT opportunities but only around STRONG levels ( BRN/ S & R ).
If Price is not trending that tells you that it is consolidating, so your attention has to change to spotting levels where some action can be anticipated. If we are stuck in a consolidation phase, do not try to create an entry. If price is hovering in NoMans Land, walk away & do something else. But when Price starts approaching the outer extremes or boundaries of the consolidation zone, be ready to play. Work out a Plan A & Plan B. If this happens - do this. or If That happens - do that. I think you get my drift.
Anyway - hope this helps you along a bit. Call out if we can assist more but keep posting your charts along with the comments so we can try & follow what you are seeing.
This charts for you my friend..
- #27,694
- Jun 25, 2014 7:19pm Jun 25, 2014 7:19pm
Hey Binnie, quick, unrelated question.. I just signed up here as a Commercial Content member myself, but I notice I cant interact in other forums. Is this a permanent restriction? Thanks for your time DRFX
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- #27,695
- Jun 25, 2014 8:15pm Jun 25, 2014 8:15pm
{quote} How did you get killed on the GBP? Binnies charts are ace.....he makes it look so easy.... ... I got rid off all the clutter...fibs/pivots etc...they just confuse things...either trade that way or don't use em.
- #27,696
- Jun 25, 2014 8:39pm Jun 25, 2014 8:39pm
{quote} Kind of like a suicide ...... i guess. Just hit the buy button without thinking much. Kind of fed up I keep losing, keep missing trades. I am not seriously trading since last week. Tired and fed up. {image}
You are sounding down buddy. I ain't a Head Doctor (LOL
) but I wanna help you if I can. 2 Things I suggest if you are interested -
a. What about trying a change in chart colour. Perhaps a fresh view of price action on a lighter background may be a benefit to you. I personally have found that a dark background tends to give me a real lonely feel.
b. How would you feel about sending me ( or Yvon / Richard ) a copy of your trade plan & rules. If you haven't got one WRITTEN DOWN, it will really help you to get it done urgently.
That trade you took on the Pound was never a trade - well not within our rules anyway
Have a think about these ideas and send me a PM if you want.
Keep smiling - I am still learning & I have been trying now for 6 years. I have finally found a method that is sound and I have every confidence it will become part of me.
- #27,697
- Jun 25, 2014 11:10pm Jun 25, 2014 11:10pm
{quote} Hi Nic, You are sounding down buddy. I ain't a Head Doctor (LOL
Colour - It was white when I started and switched to current black couple of months ago. Like it as the candles and TL stand out really well (my own opinion)
Your suggestion is good. I have at one time thought of it. But keep spending time almost everyday watching Nel's videos again and again and kind of never have time to write my own trade plan. I will do it. Maybe I can finished it by this weekends.
Here is my anticipation for GU
- #27,700
- Jun 26, 2014 2:15am Jun 26, 2014 2:15am
{quote} Thanks Binnie. Very kind. Colour - It was white when I started and switched to current black couple of months ago. Like it as the candles and TL stand out really well (my own opinion) Your suggestion is good. I have at one time thought of it. But keep spending time almost everyday watching Nel's videos again and again and kind of never have time to write my own trade plan. I will do it. Maybe I can finished it by this weekends. Here is my anticipation for GU {image}
I think you maybe correct, BUT at the moment i would not trade the GU.
You could probably scalp trade down towards the 89..as the H4 bias is bearish.... but bullish on daily....
But at the moment there is no clear direction, so in consolidation....chop chop....i stay out of it..
Did you see i took 10 pips from your analysis on the USD/CHF...I could have took more but i couldn't monitor the trade, i never trade that pair, it was only reading your idea and looking at the charts. I anticipated that small move down.
thanks for the pips
