Trading Made Simple

Quoting Lookleft

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{quote} Hi rabhni, Regardless of the pair I regard BRN's as important. As a rough rule of thumb, if price has been rejected twice or more from the same point it can be regarded as S/R. If you extend a line from a BRN/RN and see that price has been rejected there twice or more, what is the chance of it happening again?. As you gain experience you will also see that some pairs respect BRN/RN more than others. I don't trade the pairs you mentioned very often as the spread is too big for my liking. As for the second part of you post. If there is a valid...

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Quoting rabhni

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Lookleft, thank you for your tips. I took the below mentioned trade on AUDJPY last week but failed. Is there anything more I could have considered before entering this trade? {quote} {image} {image}

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Quoting Lookleft

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{quote} Hi rabhni, I see RN (82.50) and DOL very close and both have had a reaction recently. Also MBL is moving up maybe there are some buyers about. Now look at the H4 what do you see, agreement or conflict? cheers

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Quoting WayneTech

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{quote} I entered a buy trade on m30 because h4 timeframe shows bullish trend, PA shows it might go up to the previous weekly high which is about 150 pips and tdi cross on m30 is a nice setup. The MTF matrix below in my observation is a confirmation if the TDI crosses happens on this three timeframes. If the three timeframes shows green color then it is a confirmation that the TDI crosses are already on a bullish trend. Since I'm only a newbie, I'm using this as an additional tool but later on, I'll be getting rid of this indicator. Thankyou for...

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Quoting emmanuel7788

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Do you know how to pick A+++ trade setups?

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Quoting emmanuel7788

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Not every TDI Green angle and Green cross Red is a high probability trade setup. Do you know how to pick A+++ trade setups? {image}

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Quoting awcharts

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{quote} Hi Emmanuel, -The first cross coming down from 68 level has a good chance to be a fake out, I would probably wait to follow the second cross and look for bearish divergence -the yellow MBL is still having an upward slope. Anything else you can share?

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Quoting sojmanie

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Please,I need your comments on this one! {image}

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Quoting Bordy

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{quote} Yes, i started to open positions on monday and tuesday. Today, before LO i closed all the trade. My question is: how do u evaluate when to close some pos (or all of them), so the initial plan is not good anymore. Price action/ break of structure, HH? maximum draw down of one position? ecc. Attached is the chart with analisys. Entry were with same pips distance between 0 and 61.8% ret. Thanks. {image}

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Quoting emmanuel7788

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So close, don't give now.... {image}

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Quoting badan

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{quote} maybe this {image}

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Quoting Miche09

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Hi, Green from 40 to 80 is Uptrend, why take the first reversal?, it is better be the second mouse. Regards {quote}

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Quoting Alastair

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{quote} sitting right on support now.... lets see what LO brings.

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Quoting Migleon

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{quote} Hi, Emmanuel! Please provide remind again.

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Quoting emmanuel7788

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{quote} Hi Bordy, Sorry for the delay. I was enjoying my weekend so much and did not have time online. Now to answer your questions. You remember I mention many times that I use 1% for ME/ME trading and allowing a maximum of 5 ME positions ( one initial Entry and 4 build positions). The reason for this is to prevent too big drawdown when using 2 to start. From my experience, there were times when retracement were deeper than we see on our chart. I have then the option to close the earlier open positions (oldest trades) and I have the option to use...

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