{quote} FXT and JEG, who asked questions on their PM, here is an illustration.I took this trade but b4 Icould capture the screen shot it blew off the tp. So what does our mentor teach? He says if a resistance level is broken as is in this case, then watch price care fully. If price goes up and come back to take support on the erstwhile resistance, then long. It is as simple as that. You should observe my trend line as it has a higher high. Airmac I hope you are there. I offered to you where you will go and get your education for free. There you...
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I am here : ) I guess this weekend is a learning one, who is your mentor btw?
{quote} Ok, Here is the 2nd illustration. This EJ bull is a classic setup. Once i see this setup, I could start ordering my beer, but of course it is not my HolyGrail. This is a classic from the teachings of my mentor to which i have directed so many to read his writeups but some are not ready to work hard. With these two illustrations, i have spoonfed you as against Cartex instructions but I hope he forgives me. For those of you whom I have sent where you would get your free education, always compare these setups to what you are reading. AIRMAC...
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A gift from me? When you visit Slovenia let me know, I will give you a tour of my capital town, how is that? : )
Was looking at ur AU chart and it was just amazing how u got that perfect entry even during news. i could not read that one. all i saw was the support with yesterdays low...could not really read price action and same with the EU set up, i did see a support zone on NU though. as for price action i could not read it like u do as there wasn't any break of such and price came there will small candles but zoomed off it. u read it perfectly as to where and how it would leave. that's the hard part for me cos when i looked the left price did not leave with any momentum when it came to that support before(NU) if u could elaborate a bit more on that please...i do know that i am missing something though..once again congrats.
Hi guys I am new to this thread. I have read and re read what has been written I am still unsure of Cats entry trigger at times but I am trying to learn the analysing of the charts. I have attached this one of GBP/USD. I have marked the areas of support and resistance. Price broke through 1.6114 level at pace with no retest so a buy order around this area is possible right? If trading the .20 levels would the order be the 1.6120 or the 1.6100 level ??
Price is currently hovering around support/resistance and around the the trendline so something will happen here. Any comments and advice about this chart is much appreciated. I am picking the levels but not great at my entries still haven't worked out the necessary trigger at times.
Another 1 if u could look at please...
Resistance 1 and 2 on the chart look quite similar but 1 worked and 1 did not. Both were broken by a strong bullish candle but when price came back at Resistance 1 it did not react like it did at Resistance 2. Could u please elaborate a bit on these 2 so that we have a better understanding of the support and resistance and price action trading.
I read all 36 pages of the thread and this is what I was able to trade. This is a neat and stress free system for trading. {image}
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Splendid. Just red your PM. Your analysis is spot-on. You have worked very hard on my mentors teachings which I directed you to and it will haul in a big pay check 4 you.More green pips to your elbow.
Please folks that sent me PM, should exercise patience as I have once more extenuated my allotment.
Hi FxAction, Great trading again brother, Was looking at ur AU chart and it was just amazing how u got that perfect entry even during news. i could not read that one. all i saw was the support with yesterdays low...could not really read price action and same with the EU set up, i did see a support zone on NU though. as for price action i could not read it like u do as there wasn't any break of such and price came there will small candles but zoomed off it. u read it perfectly as to where and how it would leave. that's the hard part for me cos when...
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Dennis look at price formation - it's triangle. Maybe that's why FxAction open buy position.
Hi FxAction, Another 1 if u could look at please... Resistance 1 and 2 on the chart look quite similar but 1 worked and 1 did not. Both were broken by a strong bullish candle but when price came back at Resistance 1 it did not react like it did at Resistance 2. Could u please elaborate a bit on these 2 so that we have a better understanding of the support and resistance and price action trading. Regards {image}
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Dennis stop trading mechanically, always have a valid reason based on on our mentor's teachings. Observe your EJ 1h chart, you will notice that you were trying to trade against a parabola going down seeking for support. at that sweetspot level at which you bought, did you notice any reaction? What you needed to see at that level are reactions forming yikes, then a bull candle without yike will stand signalling the end of correction. Up till now, the hook is still being formed..
Moreover Dennis, if you had taken the EU bull trade which I recommended, you would be in profit by now. But it is not yet late. The tp is 1.28000. Concerning my last setup on AU and NU bull, you cannot decipher anything there, because they are holygrail setups which I keep close to my heart. More Green Pips To Your Elbow.
Ej parabola buyers still waiting... U can sell the parabolic u turn if u want to but our teacher will wait for buyer to execute
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Yes Emmy, at 137.400. so lets wait and see if it will hold for bullish continuation. Dennis, take note. This is what our mentor teaches. More GreenPips To Your Elbow.
Dennis, This is the bull candle on daily i referred to yesterday. It has engulfed all near by candles on the left. This is big cash in the bank. i already gave you the target.
Late entries. Correct entries should have been at the close of the daily candle, but I was carried away by sleep after the day's hardwork. These setups I am posting are the last I would post, so study them and make use of them. More GreenPips To Your Elbow.
