DislikedHi,
Getting a good trade entry is hardwork and requries patience.
You should avoid M15 noise when you manage your trade.
Give your trade time to work.Ignored
Now I see I exited to early, need to start practise "walkaway" approach
Super Simple System for Scalping 178 replies
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
Super Simple System 314 replies
Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies
DislikedHi,
Getting a good trade entry is hardwork and requries patience.
You should avoid M15 noise when you manage your trade.
Give your trade time to work.Ignored
DislikedHey Kan, I'm no expert and someone can correct me if I am wrong but there was greater than expected retail sales news for GBP. This put GBP/USD up against the dollar, and from what I see when one currency against the dollar goes up with strong news it puts pressure on other currencies because there is some correlation between all the pairs (to some extent). Like AUD/USD,EUR/USD. You will see they also went up a bit.
It also means that, if retail sales in GBP are up, Brits in the UK are seen as spending more which would also mean they can spend...Ignored
DislikedGood obseravtions, but on hourly basis the correlation goes haywire when market reacts to news!Ignored
DislikedPlease kindly post the APB that appears on a seprate window or tell me where to get it. thanksIgnored
DislikedAttached are my trades for the week.
6 trades
All profitable...no losers
Today, I entered following the break of the 200 EMA and closed it at the H4 trendline for +35......could have gotten the +50 but got busy and took what I could.Ignored
DislikedAttached are my trades for the week.
6 trades
All profitable...no losers
Today, I entered following the break of the 200 EMA and closed it at the H4 trendline for +35......could have gotten the +50 but got busy and took what I could.Ignored
DislikedHi Phx62,
That's impressive. May I ask what your logic was for the very last trade? It seems that every signal was rather weak. Thanks.Ignored
DislikedThat trade was taken on PA alone and based on the break of the 200 EMA after PA tested it three times. It finally broke through, so I took the trade. If it had retraced to 25 or 30 pips, I would have taken the loss. It was a risky trade because I had no other confirmation except the consolidation of the Asian & London sessions....I expected a break one way or the other.
The difference between trading the S3 method and the TMS method is that on the S3, we look first at Price Action...on the TMS method, we trade based on TDI crossovers.....when you...Ignored
DislikedAnd theres another thing that confirmed my long was that PA boucned off a demand zone created on 25th Jan 2011.
Since i started studying the thread on supply and demand it became a handy tool and just adds more confirmation to my trades
Ignored