{quote} We have some Jimmy Buffet fans in here? This level mining is making me hungry... https://www.youtube.com/watch?v=OJi4bln-hHQ
from level to level - you need mental strength to reach the summit
$ Millionaire Traders Golden Price Mining
- #302
- Apr 13, 2016 11:30am Apr 13, 2016 11:30am
Out of topic
RISK/REWARD
I think the most important thing for trading is the R:R ,like Q posted in post 1, maybe someone helps this chart its just an example.
Before entering I look for R:R , ever with sl and tp.
You see here if the setup gives you an entry @ 0.9850 where the sl is and where your reward must be - tp -
1:1 is the absolutely minimum ,better more , its visible where the trade has to go and if its possible.
and if you look at the timeline , there is an idea how long it could take to reach the summit - tp -
maybe this helps, the others will forgive me
HPT
RISK/REWARD
I think the most important thing for trading is the R:R ,like Q posted in post 1, maybe someone helps this chart its just an example.
Before entering I look for R:R , ever with sl and tp.
You see here if the setup gives you an entry @ 0.9850 where the sl is and where your reward must be - tp -
1:1 is the absolutely minimum ,better more , its visible where the trade has to go and if its possible.
and if you look at the timeline , there is an idea how long it could take to reach the summit - tp -
maybe this helps, the others will forgive me
HPT
from level to level - you need mental strength to reach the summit
- #304
- Apr 13, 2016 6:12pm Apr 13, 2016 6:12pm
{quote} Long opened {image}
Was hard to tell which one would get hit for the counter trend trade, however, the one that is deeply sunk into the range usually wins out, just like here.
- #305
- Apr 13, 2016 7:06pm Apr 13, 2016 7:06pm
{quote} Been looking at this level too. It's not the most golden, so consider the 1.1200 right below it, esp. if it lines up with the 200 MA. Certainly a scalping candidate. Lots of USD fundamental news coming up in a few mins and the level is not close enough to take a position beforehand. Wait and see mode. Q {image}
GBPUSD: a nice bounce in blue box from Fib-62 was missed on Monday. Now it's close to a good level at 1.4170 in green box to bounce up: MA200, Fib-50 and might be in sync with EU pair.
Sorry, Quinton, more misses with your method so far
There should be a team of watchers responsible for particular pairs, otherwise this mining takes too much time and there is no focus. Hopefully the tools which you promised will help with that.
- #306
- Edited 9:42pm Apr 13, 2016 9:29pm | Edited 9:42pm
{quote} EURUSD: it's close now and looks preparing for the jump up, MA200 is there and some other factors too. GBPUSD: a nice bounce in blue box from Fib-62 was missed on Monday. Now it's close to a good level at 1.4170 in green box to bounce up: MA200, Fib-50 and might be in sync with EU pair. Sorry, Quinton, more misses with your method so far
No worries. I have not taken advantage of all either. Several scalps on AUD/USD to be had from that recent cup pattern. The next step is to centralize the trade levels, which I am working on. Still training hard and recovery after interval runs takes time out of the day.
Q
- #307
- Apr 13, 2016 9:31pm Apr 13, 2016 9:31pm
Out of topic RISK/REWARD I think the most important thing for trading is the R:R ,like Q posted in post 1, maybe someone helps this chart its just an example. Before entering I look for R:R , ever with sl and tp. You see here if the setup gives you an entry @ 0.9850 where the sl is and where your reward must be - tp - 1:1 is the absolutely minimum ,better more , its visible where the trade has to go and if its possible. and if you look at the timeline , there is an idea how long it could take to reach the summit - tp - {image} maybe this helps,...
- #308
- Apr 13, 2016 9:34pm Apr 13, 2016 9:34pm
EUR/CHF Not the highest grade level. However it will be interesting to see how price behaves around 1.0911 w/ 61.8 and H4 MAs in play. Short-term PA on the M5 would be absolutely key here to take a position. Also consider the fact that we are currently in a range with strong bullish candles on H4. {image}
- #311
- Apr 14, 2016 2:53am Apr 14, 2016 2:53am
USD/CAD
Let's see if we can't put some of the downward momentum to good use. Enter shorts around 1.3016 - 1.3280 right beyond 1.3000 for a safer entry in case momentum bursts up. Not seeing any confl. factors that would line up if price reaches level sooner than later.
Let's see if we can't put some of the downward momentum to good use. Enter shorts around 1.3016 - 1.3280 right beyond 1.3000 for a safer entry in case momentum bursts up. Not seeing any confl. factors that would line up if price reaches level sooner than later.
- #312
- Apr 14, 2016 3:04am Apr 14, 2016 3:04am
EUR/USD
Since a few of you already posted similar level, I do a bit of an update/summary. Although these are not the absolute purest golden levels, one of these is likely to cause price to respond. H4 200 MA is already causing a small bounce, and therefore will not line up with the first level. Simple 200 MA could line up with the lower level @ 1.1840 (which could be drawn a bit deeper into the small cup for a more conservative long entry like Hpt had it). But careful with this one. Technically we are back in the range.
Since a few of you already posted similar level, I do a bit of an update/summary. Although these are not the absolute purest golden levels, one of these is likely to cause price to respond. H4 200 MA is already causing a small bounce, and therefore will not line up with the first level. Simple 200 MA could line up with the lower level @ 1.1840 (which could be drawn a bit deeper into the small cup for a more conservative long entry like Hpt had it). But careful with this one. Technically we are back in the range.
- #313
- Apr 14, 2016 3:30am Apr 14, 2016 3:30am
USD/CAD Let's see if we can't put some of the downward momentum to good use. Enter shorts around 1.3016 - 1.3280 right beyond 1.3000 for a safer entry in case momentum bursts up. Not seeing any confl. factors that would line up if price reaches level sooner than later. {image}
here is the confl.
HPT
from level to level - you need mental strength to reach the summit
- #319
- Apr 15, 2016 5:44am Apr 15, 2016 5:44am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Hello Quinton, can 1.4200-4220 be considered as a gold level with GBPUSD?
Maadik Hugiis. IQ 69.
