atheer1
- #224
- Mar 3, 2016 6:36am Mar 3, 2016 6:36am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
- #225
- Mar 3, 2016 6:53am Mar 3, 2016 6:53am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
{quote} Thanks Atheer, your view on GBPUSD now please? Is this sell zone?
atheer1
- #226
- Mar 3, 2016 7:01am Mar 3, 2016 7:01am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
- #228
- Mar 3, 2016 9:13am Mar 3, 2016 9:13am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
greetings Atheer what do you make of usdjpy? please don't make me post embarrassing charts.
I was busy with patients..............
atheer1
- #230
- Mar 3, 2016 9:37am Mar 3, 2016 9:37am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
cheers Atheer no rush, keep them alive(patients)...
atheer1
- #235
- Mar 3, 2016 10:20am Mar 3, 2016 10:20am
- Joined Oct 2006 | Status: Trader | 4,056 Posts
ok here iit goes nothing : as I see it zone 2 intermediate weak bulls(might hold), and zone 1 strong expecting rebound again as the first rebound which created zone 2 and zone 3 bears which I think they are hurt but charging . Please don't kill me.
atheer1
{quote} *** we take trades based on reactions of the current price or candles to previous zones.............. *** it depends on your view to the price whether a reaction to certain zone is enough to take the trade or not...............so risk appetite is important in addition to candles themselves *** Your drawing of zones can not be judged right or wrong if you are not using the lines as a way of marking zone not the high or low...... *** in chart no 1 I projected the zone from 23 Oct to 28 Oct not because another zone equal to that on the left...
Thank you for the answers! That brings some light to the darkness of trading forex
.I have got another question:
Would you consider this as a good buy signal(break zone marked with oragne lines by bullish candle pointed with arrow)? Additional we can see price reacted nicely to the previous zone(plotted with green doted line) and revers price to the north direction. What do you thnik about This? Or because of some other reason candle pointed by an orange arrow tell not take this buy trade yet ?
- #239
- Mar 3, 2016 4:57pm Mar 3, 2016 4:57pm
- Joined Oct 2006 | Status: Trader | 4,056 Posts
{quote} hi atheer1 thank you for the answers! That brings some light to the darkness of trading forex
atheer1
{quote} orange zone you marked is good for a buy from the 1st green candle as it reacted very well to the dotted green zone.........but after all fx is risk taking job,so you have the choice to take this trade or wait for other confirmatory price candles.............
That puts a little bit more confidence in me that I get at least some of the logic in your way of trading forex{quote} Yes that is if you think of the chart as hourly.............try to see what happened on daily and try to connect the picture so that to fit all the frames at one analysis
Cheers