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my system of 20 pips

  • #941
  • Oct 16, 2014 3:13am Oct 16, 2014 3:13am
Hi FxAction,

I tried this small hook and it worked..price stopped dead at the next support.


Regards
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  • #942
  • Oct 16, 2014 4:22am Oct 16, 2014 4:22am
FxAction is not here. May I'm right.
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  • #943
  • Edited 6:20am Oct 16, 2014 5:27am | Edited 6:20am
Quoting samad
Hi FXAction, I think this is a buy set up. Am I right? {image}
You are made if U continue to spot set ups like thus. Let me analyze this a bit. USDCAD was already in an up trend, but was coming down. At a demand zone it met a shocking rebuff that formed a very long bullish yike in the direction of the original up trend. Yet price was not convinced of the rejection,it came back again in form of a hook to be sure it has been rejected. Once again it was rejected. It then had no choice than to continue its upward journey following the original up trend. Quite a classic.
  • #944
  • Oct 16, 2014 5:36am Oct 16, 2014 5:36am
Folks I am off to inspect a solar electricity project I am handling.
  • #945
  • Oct 16, 2014 5:53am Oct 16, 2014 5:53am
How do you guys save your mt4 charts to post?
  • #946
  • Oct 16, 2014 5:55am Oct 16, 2014 5:55am
right click and save picture as
  • #947
  • Oct 16, 2014 7:27am Oct 16, 2014 7:27am
Quoting FXAction
{quote} You are made if U continue to spot set ups like thus. Let me analyze this a bit. USDCAD was already in an up trend, but was coming down. At a demand zone it met a shocking rebuff that formed a very long bullish yike in the direction of the original up trend. Yet price was not convinced of the rejection,it came back again in form of a hook to be sure it has been rejected. Once again it was rejected. It then had no choice than to continue its upward journey following the original up trend. Quite a classic.
Here are my three trades for the day unfortunately only on demo but since following your advice and reading the threads you have mentioned I am feeling more confident in entering trades in the areas that I have been able to spot for a while without an entry.

Eur/GBp was at a triple top daily resistance, price stalled there and I entered with the H1 4 candle break out short to the first support

Attached Image (click to enlarge)
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Aud/usd again price had rejected a daily resistance and I entered using the 3 tap 4h trend line to enter down the next support wish I had held longer but am pleased

Attached Image (click to enlarge)
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Usd/Chf I took this trade for reasons similar to your explanation of the usd/cad trade. My entry was after a 3 tap 4h trend line and break above.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-10-16 at 19.05.43.png Size: 106 KB


Any comment more than welcome I really want to try and understand this method of trading definitely beginning to gain confidence
  • #948
  • Oct 16, 2014 8:17am Oct 16, 2014 8:17am
Quoting FXAction
{quote} You are made if U continue to spot set ups like thus. Let me analyze this a bit. USDCAD was already in an up trend, but was coming down. At a demand zone it met a shocking rebuff that formed a very long bullish yike in the direction of the original up trend. Yet price was not convinced of the rejection,it came back again in form of a hook to be sure it has been rejected. Once again it was rejected. It then had no choice than to continue its upward journey following the original up trend. Quite a classic.

Hi FXAction,

Thanks a lot. You really are a mentor. I’m trying to learn of your set ups, and explanations.

May God bless you.
  • #949
  • Oct 16, 2014 8:21am Oct 16, 2014 8:21am
Quoting haircut
{quote} Here are my three trades for the day unfortunately only on demo but since following your advice and reading the threads you have mentioned I am feeling more confident in entering trades in the areas that I have been able to spot for a while without an entry. Eur/GBp was at a triple top daily resistance, price stalled there and I entered with the H1 4 candle break out short to the first support {image} Aud/usd again price had rejected a daily resistance and I entered using the 3 tap 4h trend line to enter down the next support wish I had...


Haircut you can put here your indicator that has the right side of their charts.
I have ever had this indicator, but with the new update of MT4, it stopped working.
I was very grateful that your contribution.
JVBS
Work very hard until you get there (excuse my english)
  • #950
  • Oct 16, 2014 9:25am Oct 16, 2014 9:25am
A good buy set up.
Attached Image (click to enlarge)
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  • #951
  • Oct 16, 2014 9:36am Oct 16, 2014 9:36am
Quoting samad
A good buy set up. {image}

Good spot, possibly wait for the hook?
  • #952
  • Oct 16, 2014 9:53am Oct 16, 2014 9:53am
Ok, Folks I am back.
  • #953
  • Oct 16, 2014 10:00am Oct 16, 2014 10:00am
hi guys, i hope i am in sync with this method (the little triangle is where i sold):
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As Above, So Below
  • #954
  • Oct 16, 2014 10:02am Oct 16, 2014 10:02am
Quoting tashkent
hi guys, i hope i am in sync with this method (the little triangle is where i sold): {image}
A pip is only worth it if you know how much you risked to earn it
  • #955
  • Oct 16, 2014 10:02am Oct 16, 2014 10:02am
Met these when I came back.
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  • #956
  • Oct 16, 2014 10:16am Oct 16, 2014 10:16am
Quoting leeshindig
{quote} Good spot, possibly wait for the hook?
Yes, you are right.But the was the same set up on M5, so I toke it.

Tanks
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  • #957
  • Oct 16, 2014 10:31am Oct 16, 2014 10:31am
Quoting FXAction
Met these when I came back. {image} {image}
my trades
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As Above, So Below
  • #958
  • Edited 11:50am Oct 16, 2014 11:21am | Edited 11:50am
I find FXAction's posts above all ENCOURAGING! Why shouldn't he celebrate a successful trade? When I have a great trade like that, believe me, you will all hear about it! The first thing I do when I start my trading day is go to this thread and look for FXAction's latest posts.
  • #959
  • Oct 16, 2014 11:44am Oct 16, 2014 11:44am
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  • #960
  • Oct 16, 2014 12:07pm Oct 16, 2014 12:07pm
Quoting airmac
{quote} ok one question, what is the real purpose of your post of this particular chart and your comment? This post is really really useless and just says "I am so good" all over it. Quit bragging man, I mean woman : )
I understand your mentality and psychology very well .You a very arrogant person. You tried it the first time and it worked for you. Your strategy is to prod me on so that I will be commenting more than I would wish to. Infact, what you have succeeded in achieving is that you may turn me into a permanent mute as far as this journal is concerned.

What if I brag? Is there anything wrong bragging with something of value. It is not like you whose arrogance is based on emptiness that even someone had to teach you how to save a screenshot.

All you want is to be spoon fed, but you should realize that I have no obligation to you. And I must warn you, the next stupid comment you will vomit in this journal, will get you banned.
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