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Magestic replied Feb 4, 2013Looks like a good pinbar in nice location: 9.000 BRN that also was resistance. Break of the pin can bring us to the middle of the box where some decisions have to be made, and maybe even to the lows of it around 8.5000.
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Magestic replied Feb 1, 2013Thank you very much Ghous. I greatly appreciate your input.
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Magestic replied Feb 1, 2013Hey, Mike. Educational question about wick trades. I read about it in this tread here and there. Do I understand right on the example: Aud/chf. Price failed to close above 0.95, we sell on the close of a dayly bar to the wick. The low of the ...
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Magestic replied Jan 31, 2013My view is not an expert one but I'd say this PB lost its beauty by the end of the day. It was marvelous 6 hours ago, but 0.95 remain resistance. If you scroll down lower Tfs (1h-4h), you will see that all attempts to close above have falied. Its a ...
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Magestic replied Jan 29, 2013Hey, Mike. Doesn't this picture look like price accumulates its power to go up further through BRN 95, but not reverse? Preaty clear resistance and price is attacking it intensevely. Whats your thoughts?
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Magestic replied Jan 24, 2013Hello JAROOERS. do u watch this? Closes on h1 and h4 are line up. Could be trend contunuation pattern
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Magestic replied Jan 23, 2013Extraordinary candle, I would say. Hard to catch. These brake out of the box was not obviously predictable.
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Magestic replied Jan 23, 2013What do you think about Chf/Jpy. Possible reversal maybe happenning. A good Bearish PA below a TL and 95.00 would be nice, isnt it?
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Magestic replied Jan 20, 2013Mike, please can you comment your entry here. I watched this one, but there was no bar confirmation for me. I ask coz I see I'm missing something here. Thank you.
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Magestic replied Jan 14, 2013The idea is that you shouldnt beat youself if price ran away without you. If there is no confirmation of the setup let it go. Pure breakout trades ae very risky, and should be confirmed when you have a strong story.
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Magestic replied Jan 11, 2013I believe strongly that trade should be treated the same TF, as 1H pin is a noise on a dayly TF. The 2nd question is very difficult. Although I know lot of aspects of let your profit run strategy I leave too early, because of fear. I even read this ...
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Magestic replied Jan 11, 2013Mike, a question for you. Will you be so kind to share your thoughts or experience when you would hold a possition longer expecting a large move, where you wouldn't take profit at First MAJOR TA. I know that it depends, but anyway.
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Magestic replied Jan 10, 2013Hehe, I'm with you. This one have both 1h and 4h same entry :-)
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