Disliked{quote} HI ffhung, That looks ok mate. Got the 50% retrace entry ok and it's moving down. Hope it works out - what's the risk reward like? Is that about 1:2? CheersIgnored
Cheers
The Support Resistance Switch Method - Trade with one line 91 replies
Pharley Simple system - Get your levels right for trading S/R 532 replies
bo7a method... method for GBP/JPY 205 replies
Disliked{quote} HI ffhung, That looks ok mate. Got the 50% retrace entry ok and it's moving down. Hope it works out - what's the risk reward like? Is that about 1:2? CheersIgnored
Disliked{quote} I'm about to begin studying your thread. Thanks for your will to share! Kindly point me to risk regard. This ratio should be? CheersIgnored
Disliked{quote} Hi ffhung, In terms of risk, that's something that only you can answer. You have to work out what you are happy risking to lose. Everyone is different. That could be a % of your account or a $ risk of your account. If you use one of the online position size calculators, you can enter the size of your stop loss, how much risk you want to take, what you're trading and it will calculate the lot size you should use base on your risk %. CheersIgnored
Disliked{image} Seems perfect set up , But channel point it upward , Please Answer pharleyIgnored
DislikedUpdate on eurjpy after price moved down before moving up again, I tightened my stop loss, which was eventually taken out. That's fine - although I'd rather get a win, a small loss of only 2.6% I happy to take. Important thing to note - never increase your stop so that you'll take more loss. If you're going to move it, tighten it up so you take a reduced loss. At the moment I'm not in any trades - nothing is attracting my eye on the charts, so I'm happy leaving it for now. I'll keep my eyes on things though and will be reading around the forex subject...Ignored
Disliked{quote} Hi Pharley, How do you feel about the GBPJPY? Waiting for a PA on the daily. What do you think? {image} {image}Ignored
DislikedHi Pharley, I have tried analysis on Usd Cad and would like your opinion. The top horizontal red line is weekly support, the break of trend line red also happened and we have one fully formed pin bar and looking like forming another today for a short? The bottom solid red line is support and the green line is support using trend line, which should I use for take profit. Thanks Alam {image}Ignored
DislikedHi Pharley, Hi all, Please review my setup.{image}{image}{image}{image}{image} CheersIgnored
DislikedHi all! My apologies for my previous charts. I should have removed the indicator from them. I have tried to strip out my charts while looking at this potential setup. What do you guys think about this potential EURCAD trade? Have I drawn the fibonnaci lines correctly? I have not taken a position yet but keeping an eye on it! Best, {image} {image} {image} {image}Ignored