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nomask replied Mar 28, 2011I didn't take this one on purpose.I didn't like the location of it.But I hope it works well for you.
Trading Major Lines
- nomask replied Mar 28, 2011
I'm not sure which candle you're referring to but 5-6 candles ago 4hr candle was not completed.I wait 4hr setup candle to be completed before zooming in 5 min t.f
Trading Major Lines
- nomask replied Mar 28, 2011
This is my first trade of the week. I just wante to test the water with little entry although it was not a very obvious and clear setup but remember I'm still biased long and easy with the entries in the direction of my hindsight as long as they ...
Trading Major Lines
- nomask replied Mar 28, 2011
one more important thing. If you familiar with Graeme's method "building millipede" he was more aggresive than me in terms of entries. He doesn't look for price actions and confirmations on 5min as much as I do. I do respect his way and really ...
Trading Major Lines
- nomask replied Mar 28, 2011
above post updated with this chart. on the 5min it tried to fool you 3 times..more it trys to fool us less we should consider it trading. We are looking only for descent and honest moves
Trading Major Lines
- nomask replied Mar 28, 2011
I guess you're asking this question after looking at my charts about gu.. Thats what makes this currency pair not preferable to trade at this moment.(I called it 2nd class setup) As you said in your post we do not have a weekly candle made a close ...
Trading Major Lines
- nomask replied Mar 28, 2011
So keep that in mind. If the price not moving to your direction, jus leave it until it starts following your direction. lets say You set a stop at 100 pips away for regular long term trading methods but If price not moving for you now how can you be ...
Trading Major Lines
- nomask replied Mar 28, 2011
as some of you already watching g.u... here is the continuation of my last post about it.
Trading Major Lines
- nomask replied Mar 28, 2011
Depends on the shape of the weekly candle. But If I had more than one positions ,I'd have closed some of them after the scneario you mentioned but not biased long yet. We need a bullish price action to switch our hindsight. Only exception is ...
Trading Major Lines
- nomask replied Mar 27, 2011
you`re correct with your analysis. still biased long and we might enter long after a new p.a on 4hr(test of latest support would be nice around 1.40xx
Trading Major Lines
- nomask replied Mar 25, 2011
Its been 5 weeks since I started this thread. Now its time to recap.. From time to time I look back and study charts If i was able to capture all the nice price actions and how I played them. In the attached charts you'll see some price actions that ...
Trading Major Lines
- nomask replied Mar 25, 2011
Because I play single weekly candles.. That would be playing two weekly candles if I left it where it was.. one wkly candle-----)one 4hr candle-----)5min.
Trading Major Lines
- nomask replied Mar 25, 2011
my live account is different than the chart I posted as well... Its for fxdd-malta for charting purposes.
Trading Major Lines
- nomask replied Mar 25, 2011
below chart is a good example of that how important the very first candle after the setup candle which has our entries in is. It has higher chance of survival than any other candles. by buying yesterday and holding your positions up to today you are ...
Trading Major Lines
- nomask replied Mar 25, 2011
Things will get even worse than this in the future in terms of emotional hurdle. Probably you'll be mad at me (say not good things
) once your first 200+ pip-profit position dies at b.e. But If you can pass this stage I can assure you that the ...Trading Major Lines
- nomask replied Mar 25, 2011
I never close for a small profit.."do it or die at b.e" my position from 1.3569 is still at the break even level. I did not even trail it one single pip.
Trading Major Lines
- nomask replied Mar 25, 2011
keep participating Winston. Sooner or later It will work out the way you expected. b.e trades are successfull ones.Because that means market at least doesn't want you to loose.
Trading Major Lines