DislikedBoth of these are trending down on all TFs, and consolidating tightly. There could shortly be a triple tap trade, or a breakout trade on one or the other.Ignored
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DislikedBoth of these are trending down on all TFs, and consolidating tightly. There could shortly be a triple tap trade, or a breakout trade on one or the other.Ignored
DislikedHi,
Lawgirl and Regular Participants
I have to start off with saying what a fantastic thread - I love the simplicity and logic behind this trading method. I have used it to relative success however I am still looking to improve, perhaps I should post my trades for others to either benefit from or for more experienced traders in this method to critque.
I took the following trade today which appeared to breakout in the correct direction but failed to reach my TP.
Trade - Short Position - USD/CAD (4 candle BO Trade)
Short USD/CAD...Ignored
DislikedYou make me very proud! What a great chart and analysis. The only thing you did wrong was you let a winning trade turn into a losing trade. You should have taken your profit as soon as you saw the change of the candle for red to green.
Remember that our TP levels are pure speculation. We can look at support/resistence levels, but PA doesn't have to obey them.
Imprint this in you mind: Never again will I allow a winning trade to turn into a loser!Ignored
DislikedBoth of these are trending down on all TFs, and consolidating tightly. There could shortly be a triple tap trade, or a breakout trade on one or the other.Ignored
Dislikedhow about eur/jpy at 4 hr chart? Would that be something you would look at?Ignored
DislikedWhen you say look at the different time frames for the monthly, weekly, and daily, are you looking at the current bars to see if they are in an uptrend or just the rsi or both?Ignored
DislikedI have made a shed-load of pips today - demo as I am just finding my way.
Attached is a pic of the latest setup I am waiting to trigger a trade. Looks good to me.
Ignored
DislikedI just completed a quick scan of pairs and found only two with confirmation of direction on weekly, daily and H4 TFs:
GBPUSD - long
EURAUD - long
Does anyone see anything differently?Ignored
DislikedI just completed a quick scan of pairs and found only two with confirmation of direction on weekly, daily and H4 TFs:
GBPUSD - long
EURAUD - long
Does anyone see anything differently?Ignored