{quote} To be honest, i don't mind if you copy my trades to have profits, but i am afraid if you copy my trades and lost Everyone have different endurance level, i can withstand 30%, even 50% DD, but i don't think most of the traders can. and most important is that, i am not 100% correct all the time so...
- #102
- Feb 6, 2017 8:05pm Feb 6, 2017 8:05pm
Hi all, just a little update EUR and GBP are both relatively weak today, not sure what's going on, but need to keep an eye on themand as i said before, i don't have some concrete sword-lines above 1220.3 but i think below are some important support/resistance we are facing 1220.3 (important support) 1223.6 1226.5/1227.6 1229.7 1234.0 (this is very important and i suspect any breakthrough on this will be a heavy spike) Good luck and good day
{quote} Broken albeit not convincingly. Heading south once more. I am expecting a retest of 1229.xx. Heading down, we might also retest 1224.
I will probably just sit and wait it go down, and i will be happy if it go back to 1224 level
- #106
- Feb 7, 2017 2:37am Feb 7, 2017 2:37am
- Joined Apr 2015 | Status: Trader | 1,756 Posts
K these are skills.. you cut the losses apologize for being so crude with you.
apologize for being so crude with you.
Impressive trading...
but as i said in this morning, we need a deeper correction before breakthrough 1253
so i just tried to short and then all of a sudden
from how quick it went down
it may rebounce real quick OR go much more deeper
1236.7
1229.7
we are now in the middle, let's see which one will break first
{quote} didn't expect the news to come but as i said in this morning, we need a deeper correction before breakthrough 1253 so i just tried to short and then all of a sudden
So the market decided to break 1229.7
i didn't have any positions overnight as i think it's too risky to do so
so we are now back to the 1220s level
below are sword-lines we need to look at (which actually the same, if you look at my previous posts
)1209.9
1212.3
1214.7
1216.7
1220.3 (important support)
1223.6
1225.8/1227.6
1229.7 (important resistance)
1234.0
Good luck to your trades and happy Friday~
You are doing very well, you will achieve the 1M in no time
Very simple, just sword-lines + 3 SMA + MACD + DMI
in 4 instruments (XAUUSD, USDJPY, EURUSD, GBPUSD)
and simple chart for Dow Jones, Nikkei and USDX
{quote} Hello 90strader, Impressive result. Great to see a fellow asian trader. I am also born in 90s. Very interested in how you plot these swordlines..When you have more free time, would you minding sharing some tips about drawing the swordline? And usually how big is the error allowance for these swordline levels? Thanks!
About the sword-lines, hmmm, it is quite subjective i think
i don't know how to explain but please see the chart below
at the time near the yellow arrow, which was the time that i came up with below sword-lines
1236.7
1238.9
1240.9
1242.7
the only thing that i can explain is always look in M1 to find these lines which will makes them more accurate
and there is no definite error allowance, as i think it is not a line but an area instead
these lines only tell me they are important support/resistance area
so they can serve us decision points, whether long or short, SL or TP, mostly are near these lines
hope this can help
{quote} Hi, you are from Japan?
- #120
- Feb 12, 2017 12:52am Feb 12, 2017 12:52am
Good job! Please, can you attach the template? or how do you calculate the sword-lines? Thanks
Just observations on how the price move to find out those support/resistance area
you can see the post above