DislikedTrail ur profit closely as the main bias is still down...
SonicIgnored
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DislikedTrail ur profit closely as the main bias is still down...
SonicIgnored
DislikedWith the recent help I got from nando_rich I did some H4 analysis and then applying some useful posts by DD, who has been real helpful as well I tried and make a trading plan for AU...
It may help as an exercise, for any noobs to follow by doing your own exercises (do not follow mine) and enriched by the comments of our experienced traders...Ignored
Dislikedhansma and Anthar,
Thankyou so much for the very helpful charts. You're both a great a help and have definitely helped me improve my trade.Ignored
DislikedYou've 2 settings:
Hans setting: with entry point in -24% FE (a bit more agressive)
Nando setting: with entry point in -38% FE (usually fit with the PA above/bellow the dragon) more conservative but a little worst R:R but more accurate to SonicR classic entrys.
Your choice
http://www.forexfactory.com/showthre...17#post4818617
Regards.Ignored
Dislikedhansma,
On your chart it says Rg H and Rg L. What does this mean? And how did you arrive at the figure 1.067?
ThanxIgnored
DislikedTAH, whenever a Trader(especially a Short-Term trader) uses a word like "SECURE", this is a Big Red Danger Sign.
No one, that is No one, really knows where or when price will go next, and cannot feel secured.
If you truly feel secured, then by putting a specific SL, you will know for sure it will definitely never hit that SL you placed. But you know this is not true.
If a Trader feels secured, this would likely to turn out the Trader will become a Long-Term Investor Holder instead, and this is...Ignored
DislikedIt is more than helpful, thanks hansma... I see that selling on that level 1.067x I planned would've been selling straight into the support....
What I don't have that clear yet is how will the wave form for a short setup when PA reaches that ressistance level you mark to look for short setups... I guess this will come from experience and time looking at PA...
I will follow the development of this pair closely and maybe I could post something further on this.... thanks a lot for your help mate!!Ignored
DislikedStill holding my long for 2 days..
Both TPs hit.. And SL @ BE..
I gonna sleep like a baby..
Trade Safe fellas.. I wonder how is TAH..
SonicIgnored
DislikedHi Anthar,
Now this is not the best setup in fact itīs messy - just look at it as an example. Look at these areas and see if they hold like in your example for the up move break out and retest - then look for the waves. Itīs all about reaction around these 4 hour areas. Hope this helps.Ignored
DislikedEJ:
I have decided to enter this long, EP= 110.26, as an asian session trade.Ignored
DislikedUnderstood, I'll just take it as an exercise to see how PA behaves around this levels.. thanks for all mateIgnored
DislikedEJ:
I have decided to enter this long, EP= 110.26, as an asian session trade.Ignored