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  • #1,073,841
  • Aug 15, 2016 11:10am Aug 15, 2016 11:10am
Quoting Soroushno
D1 and H1 chart are kind of similar : back down i think !!?? What is your opinion ? {image} {image}
Anything can happen.

I would wait after the FED.
  • #1,073,842
  • Aug 15, 2016 11:45am Aug 15, 2016 11:45am
Quoting Techanalyst
{quote} I find his videos to be very informative and successful. No education is expensive. No one is going to teach you for free or cheap price.
Right. his educational videos are very good, important to understand market (I watched them all). To use his software he charge in GBP (at that time) on monthly basis(I did not go for that)....Price bars are different and it is based on volume. learning to trade based on volume is for free (videos, text) anywhere on internet such as VSA, emini-watch...etc.
  • #1,073,843
  • Aug 15, 2016 11:59am Aug 15, 2016 11:59am
Quoting Soroushno
D1 and H1 chart are kind of similar : back down i think !!?? What is your opinion ? {image} {image}

My advise to you:

Please don't get used to martingale.
Please use a stoploss.
Look for double top criteria on the web and see if you would like to move that tp further down.

GL
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,844
  • Aug 15, 2016 12:09pm Aug 15, 2016 12:09pm
Quoting baherhosni
{quote} My advise to you: Please don't get used to martingale. Please use a stoploss. Look for double top criteria on the web and see if you would like to move that tp further down. GL
Good advice imho.

KP
Do your homework, follow the footprints of smart money
  • #1,073,845
  • Aug 15, 2016 12:32pm Aug 15, 2016 12:32pm
Quoting 3Davy
{quote} Anything can happen. I would wait after the FED.

If you are not sure if you would go long or short, may be you should look into using stops and limits. However, this will require very good technical analysis to find where to place them.

For example, you may want place a sell stop under a support line or level with a stoploss at a previous high which is suitable for your risk percentage that you set which is also at a one-to-one (1:1) risk:reward ratio at least. That means you place your "attainable" TP where you will get as much money as you will risk if not more...

Wow. That was a long advice! Sorry for that!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,846
  • Edited 1:10pm Aug 15, 2016 12:49pm | Edited 1:10pm
Well ....I think we saw our high for now....
From the high 1,1221 I think we now saw a wave a/i also the wave b/i and now we must look down for the wave c/i....

In the chart I placed the wave c/i as good guess. Anyway the box is were it normally could halt .... I'm now looking in that wave for a wave structure... if I can find the i and ii correct I can nail the wave c/i better.
Attached Image (click to enlarge)
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You can manage risk, but you can't manage the return
  • #1,073,847
  • Aug 15, 2016 12:57pm Aug 15, 2016 12:57pm
Quoting baherhosni
{quote} My advise to you: Please don't get used to martingale. Please use a stoploss. Look for double top criteria on the web and see if you would like to move that tp further down. GL
Thank you for advise
Yes i should get used to it but i afraid because i still can't understand where should I place it. So i usually place a sell or buy limit and fix my Lost then i wait and try to understand what is going on and what gonna happen. So it give me a second chance to take back what i lost or part of it.
Sometimes work sometime i make mistake
  • #1,073,848
  • Aug 15, 2016 1:03pm Aug 15, 2016 1:03pm
Quoting Soroushno
{quote} Thank you for advise Yes i should get used to it but i afraid because i still can't understand where should I place it. So i usually place a sell or buy limit and fix my Lost then i wait and try to understand what is going on and what gonna happen. So it give me a second chance to take back what i lost or part of it. Sometimes work sometime i make mistake
But you are playing with fire... eg. If there is a spike (an unexpected blow off) you did not expected....it will activate your sell or buy limit.....and with that a lot more...do you then have a good escape? I don't think so....at least not at a calculated level!! What if you were just on a phone call....or whatever you did.....

Trade safe!
You can manage risk, but you can't manage the return
  • #1,073,849
  • Aug 15, 2016 1:19pm Aug 15, 2016 1:19pm
Quoting HappyMe
{quote} But you are playing with fire... eg. If there is a spike (an unexpected blow off) you did not expected....it will activate your sell or buy limit.....and with that a lot more...do you then have a good escape? I don't think so....at least not at a calculated level!! What if you were just on a phone call....or whatever you did..... Trade safe!
You are completely right i should be more careful . Thanks
How many pip you usually set for sl ?or how should I calculate it?
  • #1,073,850
  • Aug 15, 2016 1:24pm Aug 15, 2016 1:24pm
Quoting Soroushno
{quote} You are completely right i should be more careful . Thanks How many pip you usually set for sl ?or how should I calculate it?
Here It not a static number of pips..

Quoting baherhosni
{quote}... with a stoploss at a previous high which is suitable for your risk percentage that you set which is also at a one-to-one (1:1) risk:reward ratio at least. That means you place your "attainable" TP where you will get as much money as you will risk if not more...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,851
  • Edited 3:02pm Aug 15, 2016 1:36pm | Edited 3:02pm
Quoting HappyMe
Well ....I think we saw our high for now.... From the high 1,1221 I think we now saw a wave a/i also the wave b/i and now we must look down for the wave c/i.... In the chart I placed the wave c/i as good guess. Anyway the box is were it normally could halt .... I'm now looking in that wave for a wave structure... if I can find the i and ii correct I can nail the wave c/i better. {image}
still thinking tomorrow we gonna see new high, market should hit at least 1.1233 and possible much more if market hits new low 1.1153-1.1130, on my count something went wrong...tomorrow we will see, your count or mine gonna be right..
(It's not an advise, use your own head..)
  • #1,073,852
  • Aug 15, 2016 2:18pm Aug 15, 2016 2:18pm
Who laugh at the end is one really laughing... When Uk was laughing about eu fall in the past told my self gu in the future will collapse someday and here we are today eu is ateady and gu a sinking boat 😄 Its what i call karma reaction 🤒
Forex
  • #1,073,853
  • Aug 15, 2016 2:20pm Aug 15, 2016 2:20pm
Quoting Prochartist
Who laugh at the end is one really laughing... When Uk was laughing about eu fall in the past told my self gu in the future will collapse someday and here we are today eu is ateady and gu a sinking boat 😄 Its what i call karma reaction 🤒
ah the benefit of thinking to yourself without acting on it
  • #1,073,854
  • Edited 5:40pm Aug 15, 2016 5:14pm | Edited 5:40pm
Quoting pytaz
{quote} still thinking tomorrow we gonna see new high, market should hit at least 1.1233 and possible much more if market hits new low 1.1153-1.1130, on my count something went wrong...tomorrow we will see, your count or mine gonna be right..
EW versus HEW..... Do you have a screenshot of your wave count?
This evening I checked if I could see the start of a tripple instead of the current counted double since the Brexit.
Well I could identified a wave x (connection between 2 zig-zags) but afterwards I can't see correct ratios's in the move upwards. So that would be an indication that I'm on the right track....

BUT I really have to say that I don't feel that comfortable because on the 4H-chart I can see a sorth of MarketRhythm upwards. And the last 2 sessions this isn't broken.... SO we first must see a break here before my believe getting stronger....
From the other side we saw in the HEW-view a wave a/i and b/i and if so the MarketRhythm in the 4H-must then be broken. It's just a matter of time.

Anyway..I think we go down...Am I sure?....not at all ...!!




btw.... I think the 1,1118-30 is a better place for looking for the wave i.
You can manage risk, but you can't manage the return
  • #1,073,855
  • Aug 15, 2016 6:39pm Aug 15, 2016 6:39pm
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  • #1,073,856
  • Aug 15, 2016 6:47pm Aug 15, 2016 6:47pm
Is good idea if you invest millions in the GBP USD and keep the position for a long time 10 to 20 years, you will be billionaire
  • #1,073,857
  • Aug 15, 2016 7:12pm Aug 15, 2016 7:12pm
Well.. My humble view find a max close to the north at 1217 with a max spike at 1239

I am short E/U first target 1114 with the above number in consideration

I am also looking for chance to go short on Gold after the double top on Daily followed by dark cloud cover and a head-on with the 10SMA from the bottom at the moment.

Getting to know the following pairs:

Long USDCAD for the retest of the bottom broken trendline of the channel on H4 after finding signals of the reversal for the retest in H1..
I am also long USDJPY after when seem to be a double bottom on H1

Now... I feel I have done what I can to get some gains.. Now It is "Lets watch and see" time..

GL and GP to all.. There is nice fundi news coming this week!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,858
  • Aug 15, 2016 7:15pm Aug 15, 2016 7:15pm
The pair is still unable to stay above 1.1200 level, next resistance level can be found at 1.1250 zone.
  • #1,073,859
  • Aug 15, 2016 7:18pm Aug 15, 2016 7:18pm
Quoting Allchart
{image}
What is the source for this if I may ask?

From my humble view, I see the USDX about to finish a bullish wave ii (Thank you HappyMe for making me like EW ), if so and the image says that almost all the USD (suffix) pairs are going up, will AUDUSD take all the beating for the USDX to complete its wave iii??! I am not sure I can find a good scenario for this forecast.

I hope I am right, or else it is my SLs which will be the target lol
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,073,860
  • Aug 15, 2016 9:01pm Aug 15, 2016 9:01pm
sell the correction to get to the buying zone but no way this is a bear market but indeed its a bull market all the way
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