Attachments: About the course

About the course

#9,541
May 21, 2016 7:19am May 21, 2016 7:19am

acit
Joined Nov 2013 | Status: Trader | 852 Posts

CADCHF Daily Short Plan

SMA 400 to SMA 200 + ab=cd + Gartley + Power for short in H4

*Remember coming week have CAD rate decision news.

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#9,542
May 21, 2016 9:01am May 21, 2016 9:01am

Pair-me-up
Joined Nov 2009 | Status: Trader | 2,232 Posts

Quoting Landline

Disliked

I closed out my final gold position for + 100 That will do me fine. I hope 1 or 2 of you got involved with some of the live calls from NL and some of my own, and if so you should be in a very profitable position now I'd expect. I'll throw in a few more next week if anyone's interested enough. LL

Ignored

Luck has no place in trading. Leave that for the poker table.

#9,543
May 22, 2016 4:50am May 22, 2016 4:50am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

Hi all,

Some opportunities are starting to line up for me this coming week. I've assessed a number of pairs in the same way I normally do, and here for example is how I see gold technically developing. As most do, I also like to know what the higher t/f is doing, and that gives me a more realistic sense of stops/targets etc, and it doesn't matter what system is used really to find an entry so long as it is proven by the trader himself. One of the big hurdles for 90% of traders is their lack of confidence to take a perfectly good signal and then trade it, and that tells me that the majority are therefore unsure of their own system.

In my case for example,(and indeed in NLs case of course), I know I can't win every trade, and I also do not know which ones will win or lose either. BUT what I do know is that my system wins enough of the time to offset the losing trades. Now that may sound obvious, but the point I'm trying to make is to fully understand your own method or someone elses for that matter (but I've always found it easier to create my own, and then I only have myself to blame if it goes wrong). Some of the history on here kind of proves that point I think with some pretty shameful attacks on NL as a result of not understanding risk, or understanding their own method.

Anyhow, here is a daily gold chart which shows the downtrend is in place, and the h4 which shows an uptrend exists for now. With that basis knowledge I now know that a long could be a reasonable trade to take on for 200 pips or so once I get an entry signal somewhere in the box (maybe from m30 or h1 chart), but keeping everything realistic because of the underlying daily trend still dominates remember. This practice for me applies on all t/fs of course, and I often take entries h1 and lower.

Hope I haven't confused people with my general approach, but some may find it helpful

LL

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#9,544
May 22, 2016 4:45pm May 22, 2016 4:45pm

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

Eur/Jpy 5min chart long

Nice pattern from sma300 to new high

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#9,545
May 23, 2016 12:30am May 23, 2016 12:30am

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

Gbp/Jpy 15min chart long

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#9,546
May 23, 2016 12:44am May 23, 2016 12:44am

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

Nas100 5min nice Pattern for long

*From sma300 to new high + Gartlery

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#9,547
May 23, 2016 1:02am May 23, 2016 1:02am

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

DAX30 1min chart short

*First close sma32/64

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#9,548
May 23, 2016 1:09am May 23, 2016 1:09am

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

Quoting Nitsan_Levi

Disliked

DAX30 1min chart short *First close sma32/64 {image}

Ignored

Quick Stop loss

Quoting Nitsan_Levi

Disliked

Nas100 5min nice Pattern for long *From sma300 to new high + Gartlery {image}

Ignored

Fooo nice up move, wait for the take profit (profit is alot more then the dax loss)

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#9,549
May 23, 2016 1:15am May 23, 2016 1:15am

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

Quoting Nitsan_Levi

Disliked

Gbp/Jpy 15min chart long {image}

Ignored

Out in take profit

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#9,550
May 23, 2016 1:17am May 23, 2016 1:17am

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

Quoting Nitsan_Levi

Disliked

Nas100 5min nice Pattern for long *From sma300 to new high + Gartlery {image}

Ignored

Close 80% of the profit now , and leave 20% of the profit to the Take profit 2
Also move the stop to the 20% of profit that left to zero

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#9,551
May 23, 2016 1:40am May 23, 2016 1:40am

Nitsan_Levi
| Commercial User | Joined Feb 2014 | 4,524 Posts

Gold 2h chart long

*Daily sma32 support this long , this long is from sma400 to sma200 base, we just enter from more good price, from last sma

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#9,552
May 23, 2016 4:29am May 23, 2016 4:29am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

I've not yet entered gold

#9,553
May 23, 2016 4:34am May 23, 2016 4:34am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

Quoting Landline

Disliked

I've not yet entered gold

Ignored

My bias is long but for me the price isn't ready just yet

#9,554
May 23, 2016 4:40am May 23, 2016 4:40am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

Quoting Landline

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{quote} My bias is long but for me the price isn't ready just yet

Ignored

Does anyone have a view on that or any other pair?

#9,555
May 23, 2016 5:00am May 23, 2016 5:00am

Renova
| Joined Mar 2014 | Status: Trader | 117 Posts

Gold long 1 hour chart with Fibo, AB=CD. There is also last SMAs in 2 hour chart that support this long.

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#9,556
May 23, 2016 5:08am May 23, 2016 5:08am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

Quoting Renova

Disliked

Gold long 1 hour chart with Fibo, AB=CD. There is also last SMAs in 2 hour chart that support this long. {image}

Ignored

Fair comment....I'm looking at about a 1244 ish entry I think at this stage before I get involved long

#9,557
May 23, 2016 6:26am May 23, 2016 6:26am

Landline
Joined Jan 2014 | Status: Trader | 1,784 Posts

Quoting Landline

Disliked

{quote} Fair comment....I'm looking at about a 1244 ish entry I think at this stage before I get involved long

Ignored

Price is playing with us I think before a major move. A kind of h & s on the h1 chart is present, and that could mean price moving something like I've shown. It's something worth being aware of along with everything else we must consider, and could mean the best thing to do is wait and see if it materialises, or scalp the smaller t/fs in the meantime. Personally I'm waiting.

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