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  • #15,021
  • Jul 27, 2016 2:29am Jul 27, 2016 2:29am
Good Morning All

I was wondering Likica, how often you draw horizontal lines? Or do you just see it, with no need of drawing them?

J.
  • #15,022
  • Jul 27, 2016 2:41am Jul 27, 2016 2:41am
Quoting jstmzplsz
Good Morning All I was wondering Likica, how often you draw horizontal lines? Or do you just see it, with no need of drawing them? J.
Hi J,
I m not sure what you meant. Give me an example on a chart what you want to know
Appreciation is the key to wealth and happiness
  • #15,023
  • Edited 4:14am Jul 27, 2016 2:46am | Edited 4:14am
GJ short with trend
divergence
my entry not correct because before break trend line
target near DOL
news incoming in 50 minutes
Pivot and High not broker 3 time

thanks for any comment suggestion



after news , no momentum , stop loss moved at -30 pips , free trade.
because i'll have to go to work
see later trade
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  • #15,024
  • Jul 27, 2016 2:57am Jul 27, 2016 2:57am
Quoting likica
{quote} Hi J, I m not sure what you meant. Give me an example on a chart what you want to know

Sorry for not being clear. I noticed that you are concentrated on drawing trendlines (and you are amazing with it), and I also draw important S&R by horizontal lines to see where the price can stop. There is a downside of this tho, sometimes I have so many, that my chart is a mess... I'm guessing that I might do sth wrong

Let me give you an example, for instance on EJ I noticed that level which actually is yesterdays high is a level from which price bounced a lot of times so I've marked this level with line.. and the questions is how often you do that? Is for instance yesterdays high enough for you? You don't need to mark once more.. Or all the indis we have, pivots, ADR, YL, YH ending with RNs, BRNs are enough? And I should concentrate on trendlines? I'm a bit confused.
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  • #15,025
  • Jul 27, 2016 3:13am Jul 27, 2016 3:13am
Quoting pinux76
GJ short with trend divergence my entry not correct because before break trend line target near DOL news incoming in 50 minutes Pivot and High not broker 3 time thanks for any comment suggestion {image}
G's pairs are waiting for news out...
Appreciation is the key to wealth and happiness
  • #15,026
  • Jul 27, 2016 3:17am Jul 27, 2016 3:17am
Quoting likica
{quote} G's pairs are waiting for news out...

thanks at + 30 pips exit with 50% op position
now with half position but initial stop loss

low loss if news was ( 50 stop loss - 30 gain exit = max 20 pips ) positive
max gain we seen in a few minutes in bar news

but the analize was correct?
  • #15,027
  • Jul 27, 2016 3:19am Jul 27, 2016 3:19am
Quoting jstmzplsz
{quote} Sorry for not being clear. I noticed that you are concentrated on drawing trendlines (and you are amazing with it), and I also draw important S&R by horizontal lines to see where the price can stop. There is a downside of this tho, sometimes I have so many, that my chart is a mess... I'm guessing that I might do sth wrong Let me give you an example, for instance on EJ I noticed that level which actually is yesterdays high is a level from which price bounced a lot of times so I've marked this level with line.. and the questions is...
Always look left and look at TDI and stoc to see where they are at (overbought? oversold? or just above 50 zone (choppy zone). We trade any level that price stalls and TDI crosses or with div or hidd div. EJ looks choppy right now. No limit how often to draw a trend line, but after too many touches, that trend line becomes weaker...
Appreciation is the key to wealth and happiness
  • #15,028
  • Jul 27, 2016 3:19am Jul 27, 2016 3:19am
Quoting pinux76
{quote} thanks at + 30 pips exit with 50% op position now with half position but initial stop loss low loss if news was ( 50 stop loss - 30 gain exit = max 20 pips ) positive max gain we seen in a few minutes in bar news but the analize was correct?
yeah
Appreciation is the key to wealth and happiness
  • #15,029
  • Jul 27, 2016 3:37am Jul 27, 2016 3:37am
Quoting likica
{quote} yeah

news +
but market don't go up
see what tha market do
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  • #15,030
  • Jul 27, 2016 3:37am Jul 27, 2016 3:37am
Hi Likica, what do you think about EURCAD, is it too weak to go long ?
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  • #15,031
  • Jul 27, 2016 4:21am Jul 27, 2016 4:21am
Quoting longbk
Hi Likica, what do you think about EURCAD, is it too weak to go long ? {image}
looks ok to me.
Appreciation is the key to wealth and happiness
  • #15,032
  • Jul 27, 2016 4:45am Jul 27, 2016 4:45am
got in EU long...but not sure enough about it

okay, im not sure about any of trades..;but this one is not the best i could get...hence my sl be
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"What would you attempt to do, if you knew your success was a certainty?"
  • #15,033
  • Jul 27, 2016 5:44am Jul 27, 2016 5:44am
My small bag from EUR/GBP DIV ( I got in late), it was shaken during news but came out nice and safe ( I let the market cook without babysitting it)
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #15,034
  • Jul 27, 2016 5:46am Jul 27, 2016 5:46am
Quoting Fxentropy
got in EU long...but not sure enough about it okay, im not sure about any of trades..;but this one is not the best i could get...hence my sl be {image}
Hey FX, doesnt the divergence you have marked indicate looking for short?
  • #15,035
  • Jul 27, 2016 5:56am Jul 27, 2016 5:56am
Quoting Fxentropy
got in EU long...but not sure enough about it okay, im not sure about any of trades..;but this one is not the best i could get...hence my sl be {image}
I didn't see set up for a long...
Appreciation is the key to wealth and happiness
  • #15,036
  • Jul 27, 2016 6:18am Jul 27, 2016 6:18am
Quoting longbk
Hi Likica, what do you think about EURCAD, is it too weak to go long ? {image}
the pair does not look good for your long atm...
I m done for the day. see you all tomorrow
Appreciation is the key to wealth and happiness
  • #15,037
  • Jul 27, 2016 7:04am Jul 27, 2016 7:04am
got a headache today..still can't concentrate to watch the chart...

just waiting what will happen after FOMC today..
only 100 pips / week
  • #15,038
  • Jul 27, 2016 9:05am Jul 27, 2016 9:05am
Quoting likica
{quote} I didn't see set up for a long...
we were above DOL, above MA200, TDI extending higher.....

Quoting Dimi
{quote} Hey FX, doesnt the divergence you have marked indicate looking for short?
not saying im an expert in divergence, but this look long to me...

closed on BE anyway...
Attached Image
"What would you attempt to do, if you knew your success was a certainty?"
  • #15,039
  • Jul 27, 2016 9:32am Jul 27, 2016 9:32am
Quoting Fxentropy
{quote} we were above DOL, above MA200, TDI extending higher..... {quote} not saying im an expert in divergence, but this look long to me... closed on BE anyway... {image}

​Actually Dimi is right, a divergence printed by the Highs means short setup and viceversa. Anyway it was a regular div and it's risky to take the first set-up, second or third are safer.
  • #15,040
  • Jul 27, 2016 2:38pm Jul 27, 2016 2:38pm
hello hello,,,
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.... laughing all the way to the bank
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