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Ralffe replied Jun 1, 2018Fake-out or break-out.???? This where patience comes to the fore
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Ralffe replied Jun 1, 2018Yes you got the line right. No... No trade. Price did not progress & returned above the line. So. the line should now be moved (right end only) as pictured. Cheers.
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Ralffe replied May 31, 2018AU forming a nice HnS on the H1. I will be looking to enter this for a 30 to 40 pip trade to 0.7515.
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Ralffe replied May 31, 2018GU doing something similar. AU caught in a triangle & may go down a little before heading North.
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Ralffe replied May 31, 2018Yes, probably just a pull-back. Could go lower to form an ABC to around 1.1560. Maybe.
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Ralffe replied May 31, 2018This always likely to happen, especially on the lower time frames. However if you get the line & entry right the pull-back should be short lived with minimal DD.
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Ralffe replied May 31, 2018well done. You are moving the lines correctly. This saves you from entering prematurely & getting stopped out.
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Ralffe replied May 31, 2018Hah!!! After all these years one can still learn new tricks. Cheers
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Ralffe replied May 31, 2018Well done mate. I did the same on the H1 yesterday but I'm out now for 92 pips. I will wait for the retrace to complete then get back in on the Daily. Correction.......74 pips. ($92) Can I ask you how you load the comments in the comments section .? ...
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Ralffe replied May 31, 2018A long trade on the EU has confirmed on the H4. However, on the H1 this appears to be the completion of wave 1, so a retrace for wave 2 to around 1.1570 may occur before the main wave 3 gets under way. Be careful.
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Ralffe replied May 31, 2018Cheers mate Sometimes that can be true. You have to pick your moments. Always bear in mind. If both currencies in a pair are being driven in the same direction by the DXY, that pair will tend to go sideways.
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Ralffe replied May 31, 2018I have been putting the trial trading rules into practice & have found they are a little too restrictive for most traders. All participants will receive an email stating the rules & guidance in a better format. This will be a 30 day trial which ...
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Ralffe replied May 31, 2018They are still my preferred pairs. However all pairs have their moments & one would be silly not to take advantage when the occasions arise.
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Ralffe replied May 30, 2018Heads up guys n gals The US dollar (DXY) is having its first down day for 2 weeks. Spelling a major retracement in the offing. This should relate to all the majors which appear to be showing the same signals.
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Ralffe replied May 29, 2018Better late than never. I'm in this one too. Now at +33 pips. Be careful. This could be just a short retrace to around 0.9715 before completing a possible ABC to around 1.003 to 008 OR a 5th wave to around 0.9970. Could just keep going down so let ...
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Ralffe replied May 29, 2018TRADING RULES & guidance for free trading account 30 day qualification To succeed we must have trading rules that produce money management. The Hinged line system must be used at all times. (I will know if a trade has been taken any other way) Take ...
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Ralffe replied May 29, 2018Been receiving PMs regarding the "funded trader" trial for next month. Anyone still interested just PM me with your email so I can get you set up.
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Ralffe replied May 29, 2018Yes Safety first. Best to wait now for continuation confirmation.
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Ralffe replied May 29, 2018Over 1000 pips on offer here. On both daily & Weekly you should be well into this trade.
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