moved to BE, it's really nice, LJ , your method rocks
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QuoteDislikedyour points are taken, audxxx pairs look too choppy, will let them go. just a simple question, any reason not to trade TT on these choppy pairs? I won't feel comfortable to use PA given the mess situation, just wondering if TT might do the job?
QuoteDislikedI shorted GBPUSD at 50 fib level with stop at 1.61515. what bothers me right now is the retest of the broken down trendline + two bar highs, which looks to me a valid support. in any case, will give some room for it to breath for a while.
QuoteDislikeddo you have any thing to back up your GBPCHF long trade? I could not see a reason, particularly the relatively large bearish weekly bar makes the situation snaky to me, what do you think?
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I can't 'claim' the method, I've just put well known technical and fundamental tools into one overall method that works for me and I reckon should work for a lot of others. I don't know off any other method that offers such a high win rate and higher average risk/reward and that's the attraction because usually you get one and not the other etc.
Here was my trading plan for the GU trade...move to BE at the aresa marked, take 50% profit at the second area marked and move SL down to above the first area on the rest.
Frustrating...Ignored
DislikedI found it is very difficult to grasp the method successfully, it looks simple though. it really takes tremendous practise before getting every piece of the puzzle in place. thanks for openning up this thread so many can learn quick.
It was Asia session, up to my advantage, so, no harsh on yourself, you have been doing greatIgnored
DislikedI found it is very difficult to grasp the method successfully, it looks simple though..Ignored
QuoteDislikeddo you have any thing to back up your GBPCHF long trade? I could not see a reason, particularly the relatively large bearish weekly bar makes the situation snaky to me, what do you think?
QuoteDislikedJust to do with the way CHF has been moving this week and the fact the Greece saga is coming to an end and how CHF moves in times of risk appetite and risk avesion.
QuoteDislikedThis could be a new higher low on GCHF and if it is then it add weight to my bias that GCHF is technically due to target 1.3600 area...of course any decent amounts of risk aversion and all bets are off!
DislikedHi, Morning, everyone ( Beijing/Singapore time, of course )
Just to report my field operation, will be ambushing at 1.51 G/Aud
here is a S/R (1.36 of E/Aud), I am not sure if this line is solid enough to do something. is it strong, medium or weak?
Speaking of individual presence, maybe it is not strong enough? probably even a weak line for some one's point of view? I am not quite sure, your view please ......
Talking about possible (I meant if possible) confluence with 1.51 of G/Aud, which I would like to trade with, this E/Aud S/R maybe...Ignored
DislikedI'll let the real seniors correct me, but I think in terms of s/r, the a/cad is definitely your best bet, followed by the g/chf. The rest are a bit to unclear for me, and look more like curve fitting, then actually quality levels. That being said, from where the fibs presently line up, neither of these would be a trade for me. Also to add, I'd probably be looking to short g/chf instead at the lows of 1.3616, if I were to short at all. Here's a nice trade on a/cad that I like a lot more. Good spot there on that level, and keep up the good work....Ignored
DislikedHit on mine, but no order there anyways Still curious about the box, I think I am really missing something. To me, I like to place the orders in the most visable and obvious spots on the chart, whereas lj seems to like to place them in areas with more activity. On g/u for instance, I would of had my entry near 1.6092, whereas the much better entry was where lj had his box. Would of been a stopout, or close to one for me, had I played the g/u myself. I wonder about that, and also wonder about the fib zones. Is it really much greater to have an...Ignored
Dislikednot sure if your "confusion" is really an issue, coz the market does its own job on each occassion, sometimes it hits your spots while the other times LJ's line renders more precision, anything could happen in market place, you won't get hard rule to attain perfection on each of your setups. just my two cents, maybe I am wrong .......Ignored
DislikedI think you are probably right to large degree, though LJ is very good hehe.Ignored
Dislikedi think one has to have a good grasp of S/R to be good at thisIgnored
DislikedNice job LJ
If you don't mind, why did you draw your box the way you did, compared to the way I have mine drawn? Had a similar question on g/u, but I think this will give me enough clarity. Ty
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