Disliked{quote} hi stevepatt it is ok to put a sell stop in this situation for the E-U ? {image}Ignored
I'm certainly watching this setup the charts below should help explain what I'm looking at.
Attached Image(s) (click to enlarge)
- #4,641
- Oct 2, 2014 1:33am Oct 2, 2014 1:33am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
- #4,643
- Oct 2, 2014 3:11am Oct 2, 2014 3:11am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
- #4,644
- Oct 2, 2014 3:36am Oct 2, 2014 3:36am
{quote} Hi mig, Nice trading. I like how you see things, because of time restraints I don't trade below daily. This means, I miss some opportunities that only occur on the lower TFs but based on higher TF analysis.
as you can see I like very clean charts and analysis of highly timeframe. This allows to see and choose the best places to trade at lower TF(h4/h1/m30/m15/m5/m1). As always, experience and patience is the basis for effective trading. As far as possible I will published screens with a description and analysis of why I trading in a particular place which will allow others to look at the chart a little differently than previously.
Thank you for your appreciation & green pips 4U
Only price
{quote} it was for mee ranging G/J I do no where u see strong up?matrader it is so easy to talk, and explain all strategys and comment after the tradind day are closed sure I can predict to last 2 days it is easy I want to hear for the next 2 days and now Im sure on price 175.00 G/J and Im sure u didnt catch 700
{image}
G/J still 40 pips like I sad some days ago 175.00 G/J
- #4,646
- Oct 2, 2014 4:26am Oct 2, 2014 4:26am
{quote} After ranging looks back to normal! G/J still 40 pips like I sad some days ago 175.00 G/J
Indicators always obey Price, not the other way.
- #4,649
- Oct 2, 2014 5:12am Oct 2, 2014 5:12am
{quote} Good to see PA traders here. Congratulations my friend.
U have good footer(Price is always the king, this is why I trade using only Price Action.) - similar as mine Only price
- #4,650
- Oct 2, 2014 5:49am Oct 2, 2014 5:49am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
{quote} After ranging looks back to normal! G/J still 40 pips like I sad some days ago 175.00 G/J
It comes down to the TF we trade, we have trends within trends within trends.
On H1 there is a nice down trend that has developed.
On W1 this is just a pullback, in the long term up trend.
On D1, where I trade, I see it only as a pullback and wait for market reaction at the level I have marked.
As long as we know where we are in the bigger picture it can be very profitable to trade lower TFs, as fx_mig has also been doing.
I never try to predict where the market is going I just follow the price.
The best I can do is to mark levels that interest me and wait to see what the market will do if and when it decides to visit these levels.
- #4,651
- Oct 2, 2014 5:56am Oct 2, 2014 5:56am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts
MT4/MT5 EAs/Indicators/Alerts coder
{quote} Hi mara, It comes down to the TF we trade, we have trends within trends within trends. On H1 there is a nice down trend that has developed. On W1 this is just a pullback, in the long term up trend. On D1, where I trade, I see it only as a pullback and wait for market reaction at the level I have marked. As long as we know where we are in the bigger picture it can be very profitable to trade lower TFs, as fx_mig has also been doing. I never try to predict where the market is going I just follow the price. The best I can do is to mark levels...
I didnt predict stevepatt Im not Nostradamus
I hope I will see 175.00 for Gbp/Jpy
- #4,656
- Oct 2, 2014 11:07am Oct 2, 2014 11:07am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
i will take the profit if there is a bounce or some price action on the 1st support level and if there is a break through of the level i will wait for the second level for the profit .Though i have taken half of my position off the table and put my stop loss at the breakeven so as to ride with the trend {image}
Nice, both you and mara, caught a good breakout trade.
Breakout trading never has been my thing but that's just me
- #4,657
- Oct 2, 2014 11:21am Oct 2, 2014 11:21am
{quote} Hi smartearn, Nice, both you and mara, caught a good breakout trade. Breakout trading never has been my thing but that's just me
Thanks bro . Sincerely speaking you really change my approach towards trading cos the way you trade .That is how to use price action and indicator together,cos i am only trading with indicator.But now i think i can trade with indicator and confirm it with price action.
- #4,659
- Oct 2, 2014 11:41am Oct 2, 2014 11:41am
- Joined Dec 2010 | Status: Never Stop Learning | 7,335 Posts
- #4,660
- Oct 2, 2014 12:01pm Oct 2, 2014 12:01pm
- Joined Jun 2009 | Status: Trader | 2,430 Posts
Meanwhile, I post a trade that was based on indicators. Just to remind how it works
