Chart Talk

Quoting pawelfx

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Hi atheer1. Could you tell me if my analysis was right and loss I made on this trade was just bad luck or were there some other signs which should to alert me to not get in to this trade. Here is my analysis: We can see price respect zone from 7th March 17:00 and rejected farther up move. Additionally we can see candle type1 had broken and after that price broke zone below giving the signal to take short position (at least that what I thought ). I entered on very next candle after candle which broke the zone. At the moment of my entrance...

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Quoting pawelfx

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Hi atheer1. Is there any way to predict roughly how far price will go after turn setup. On chart #88 2nd setup from left give us RR > 9, where 3rd one RR is just a little bit more than 1. Sometimes happened to me that price almost reached my TP but few pips before it revered and hi my SL. I just wont to mention my TP usually are between 1-1,5 up to 2 RR. How do you evaluate your TP targets? Are they fixed targets? Or you manage your TP in different way (ie. trailing stop)? What we should look for, what kind of signals could warn us that price will...

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Quoting atheer1

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{quote} Any turn setup can give a reward at least double that of risk.............if you see that your risk is high at the moment of complete setup wait for the dip to decrease the risk ........In the example you mentioned if you waited for the dip to enter you would have more than 1/4 RR ratio....

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Quoting atheer1

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Quoting pawelfx

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{quote} Unfortunately we can not predict if there will be a dip and price will go strait up as it did at 5th setup... or can we? And saying that "any turn setup can give a reward at least double that risk is a little bit too optimistic {image}[/quote ***any turn that did not give Reward as double ,certainly is against the trend......so its one of the ways to know if you are trading in the right direction or trying to stop the ocean wave......this is forex nothing is 100 %......... ***IN YOUR CHART YOU ARE MAKING

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Quoting pawelfx

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{quote}{quote} Thanks atheer1 for a hint I think the biggest issue is my head and chasing after trades. Whenever I see "good" setup I wanna get in it as fast as possible, to collect the biggest amount of pips. I need to learn to be more calm and analyse more to avoid such a mistakes like those one in chart #86. I notice that in one of the charts you post you have got CAD/JPY M15 open. How do you us it? So far you showed us D1, H1 and M1 timeframe. Do you use M15 as hunt for precise entries for H1 charts or something completely different?...

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Quoting atheer1

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{quote} *** 15 MINUTES CAN BE USED THE SAME WAY AS 1 HOUR,NOT MY PREFERRED TIME FRAME......EVERY tf CAN BE USED FOR THIS WAY OF ANALYSIS.........THIS IS A SORT OF TRADER CHOICE TO FIT ANALYSIS IN HIS TIME..............

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Quoting atheer1

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***q/ from chart 91,can you predict where is the price heading next?and why?

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Quoting pawelfx

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{quote} What would be SweetSpots line separation for m15 and m5 timeframe?

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Quoting pawelfx

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{quote} I would say that price is heading south, because multiply consecutive green candles type1. So it means the bears are three and and prepare to attack. I think there is chance the price will reach 1.084. Is this right analysis ?

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