+60 pips on GU :-)
Attached Image
Trading Made Simple the right way, and other trading lessons 333 replies
Support and Resistance Method - Pharley 708 replies
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Day Trading system - Simple system to make money 51 replies
Right Wrong Right Wrong Right Wrong 13 replies
DislikedHi all, Careful this week trading guys. In case you're bored and want to read some good articles, here are some links. http://www.tradingsetupsreview.com/1...soned-traders/ http://www.tradingsetupsreview.com/n...ng-indicators/ Have a look at this site generally - good info here (no, I'm not affiliated in any way with this one)- http://www.tradingsetupsreview.com/Ignored
Disliked{quote} Hi Albert - It looked as though that one worked out well - how did it go? CheersIgnored
Dislikedlevel broken and trade activated with a spread of 6 . SL 36 pips {image}Ignored
Dislikedlevel broken and trade activated with a spread of 6 . SL 36 pips {image}Ignored
Disliked{quote} Hi - yes of course there are minor trends within larger trends. It all comes down to what you want to trade. E.G if you want to trade the 15m chart, you probably want to take the trend from the 4hr charts. If 1m, then probably a 1 hour chart trend. I take daily and weekly as I generally trade daily, 4hr charts and sometimes 1 hour. Even with 1 hour charts I want to be on the side of the larger trend and market structure. That's because most of my trades are targeting major SR areas. Cheers PharleyIgnored
Disliked{quote} Dear pharley, I made few analysis on charts, with your method, could you check if I am right, in pics below on W1 we are on ressistance, D1 short-term uptrend, notable wicks on blue rectangle, at H4 we are in uptrend channel, now we will wait what price will do bounce down from resistance, after that signal would be close of 4h candle below yesterday low or maybe after that wait for retrace to this level. Or broke above rezistance and then wait for retrace to start opening longs. Of course there is problem with Brexit but I think AUD/CAD...Ignored
Disliked1 Is it easier to see the levels using a line chart, or does this give a false reading.Ignored
DislikedHi Pharley. I have been reading your thread for a few weeks now. Thanks for all the helpful tips. I would like to ask a couple of questions if thats ok. 1 Is it easier to see the levels using a line chart, or does this give a false reading. I have tried both and ended up a bit confused. 2 Does the heiken ashi candles give a more balanced, smoother view of the trend. hope you don't mind these questions as I seem to be going round in circles with the different advice. Kind regards KevinIgnored