Dislikedmarket rhythm aud/usd trade: 14th april, 2016 greetings!!! {image} {image} {image}Ignored
result update on the aud/usd trade today.
4 hour strategy (the nausbot - 4 hour trader) 11 replies
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Dislikedmarket rhythm aud/usd trade: 14th april, 2016 greetings!!! {image} {image} {image}Ignored
result update on the aud/usd trade today.
DislikedI am using this 4 Hour strategy only for the last month(Jan2007) as I have papertraded for 2 years trying everything and or system I could find. (I am trading equities for almost 10 years)I have decided that I will only go live(after some losses-not to serious) after I have studied the field of forex and are satisfied that I have a system that works. I do believe that we are trying to make it to impressive and difficult. This system is simple and easy to understand. I have backtested and forward tested it over more than 200 trades and it gives 300+...Ignored
DislikedHi Nausting, Glad to see you still posting, doesn't look like anyone else is these days! Good work keeping the thread going. As I trade full time and understand this system I will try and post some trade opportunities as I see them and perhaps we can get some more activity back on the thread! It's a great thread. We can also bounce some ideas off of each other, I see some good potential opportunities this week, here's one of them on the USDCHF, I'd be glad to hear what anyone thinks of any opportunities coming up this week Lets see how it plays...Ignored
Disliked{quote} Good morning brother! Wishing you a successful week. Thanks for you kind words. Thank you also for your great chart and analysis. That behavior of price you have exposed in your chart and anticipation with respect to profit targets are very good places to make pips...glad for your companionship. It is well! keep in touch. God bless.Ignored
Disliked{quote} Thanks Nausting, I always have my trades anticipated in advance, I think many new traders unfortunately open the charts and look for a trade straight away just want to trade, trade and trade some more more. I know this because I did it my self once and then you learn to trade for money, not to trade for the sake of trading. I'm hoping that by putting up some charts in advance it will give some new traders the opportunity to start anticipating trades as they should be, not just jumping in. There is a lot of junk on forex factory and what...Ignored
THE CHART BELOW: 19TH APRIL 2016: TRADE ON AUD/USD
Late Entry
Disliked{quote} Great! What you said is a reality! It is just the fact...I hope not only the new ones, but those who are as well still struggling with this business comes across your this post, read and digest it properly...thanks for the great insight. WOW! You have as well spotted great trading scenarios from all your many charts and analysis...and I think the way you are doing it is an excellent way to go. The problem or challenge I had from your post is that you tempted me to jump around multiple pairs...your charts and analysis were very interesting,...Ignored
Disliked{quote} Thanks for your kind words and detailed posts It is a good potential opportunity on the AudUsd for a counter trend, I have added a 15 min chart to show what will get me in. It is a bit late for me, if it goes without me, so be it You are right, for newer traders there can be a benefit to studying and sticking with a few currencies. I have have done many studies across the various currencies so I have a good feeling of their "personalities". The only risk is when currencies are limited, there is a tendencies to jump into trades or search...Ignored
Disliked{quote} ...well said! You know I have been trading for years now, and my perspective of discipline is unique and based upon the many teachings Phillip had given in this thread. Initially I was having problem with my trading, then I decided to de-clutter (removing certain things that seem to make my trading complex). And reducing the currencies that I trade to just few pairs is part of it...VERY IMPORTANT TO NOTE IS THAT I HAVE A MONTHLY TARGET TO MAKE IN FOREX AND THE FEW CURRENCIES I AM FOCUSED ON GIVES ME THAT...AND THAT IS WHY LOGGING...Ignored
DislikedLate Entry I have taken the trade as indicated above...I was not on my computer on time, but for me the move is very nice and is still on. So I decided to take it on. {image}Ignored
DislikedGbpChf Update Closed out for a total of +204 pips I have added the 15m chart as well to show how if you know where you are going, enter a trade (trade 2) and the price moves against you, most time it is just giving you a chance to make more money! That is why I added a third position, even though trade 2 was in a loss. Hope this is helpful {image} {image}Ignored
DislikedAud/Usd: 20th April, 2016. Analysis is as shown in the last MACD DIV. trade that I took. That one was a late entry, but this one, I was early and have taken profits. {image}Ignored