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simoneg replied Oct 4, 2018Thanks SwingMan! Checking it out. At a glance it seems you took all "ideal" 3 bar setups, correct?
Daily Chart 3-Candle
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simoneg replied Oct 3, 2018Fast foward to EU today. We shorted the H4 Best Sell, and continue to short towards the 190.2, which converges with another H4 best sell. This is our likely target. I hope this clears up your questions. Kind regards.
Daily Chart 3-Candle
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simoneg replied Oct 3, 2018Thank you Paul! I had just come online to see if I could squeeze in a quick explanation. Just to add a bit more to what Paul has stated. My thinking is that the 190.2% Fib extension is a PRIME TARGET. Therefore the trend will continue until "A" ...
Daily Chart 3-Candle
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simoneg replied Oct 3, 2018Oh dear...please forgive me rookie14. I will do so on the weekend when I have a bit more time.
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simoneg replied Oct 3, 2018Nice...yes Paul...that's correct. The most current is better.
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simoneg replied Oct 3, 2018Hey Paul, I only have an H4 best sell and 1.15797 my daily best sell is at 1.1570
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simoneg replied Oct 3, 2018Thanks Ra! I trade strongly correlated pairs and you can get mixed results trading EJ as both UJ and EU can influence its movement. So I find trading EU, XAUUSD, UC & USDCHF much easier.
Daily Chart 3-Candle
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simoneg replied Oct 1, 2018Long GU H4 REJECTED BEST SELL. Long NU DAILY REJECTED BEST SELL. Long EU @ 2 H1 Best Sells Being rejected for the last couple of hours. Short UC WEEKLY BEST SELL @ 1.2818 Looking for TP around 1.2700 (Weekly fib 190.2). Would rather wait for Swiss ...
Daily Chart 3-Candle
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simoneg replied Oct 1, 2018Got a good trade on gold. EU tricky at the moment. H12 Best sell being rejected but sitting below daily best sell. Longs best above 1.1618 for me. Also watching H1 two best sell levels around 1.1590-95 providing support.
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simoneg replied Sep 28, 2018Nice one Paul. Yes it's still bullish even on H12.
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simoneg replied Sep 28, 2018I wish I could respond in voice....I'm driving. I draw the Monthly and weekly levels on my H4 charts and use H4 levels to enter trades based on reactions to those bigger levels. I quickly look at h12 and daily to see where corrections may occur. To ...
Daily Chart 3-Candle
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simoneg replied Sep 28, 2018For the purpose of Clarity, my first tp's were hit at the H4 Best Sell levels. I re-entered short at the H1 Best Sell for the Next H4 Best sell risking only 14pips.
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simoneg replied Sep 28, 2018No problem Paul! It's cTrader. Excellent charting software.
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simoneg replied Sep 28, 2018Nice trade Paul! Terminated beautiful at the next swing high's BEST BUY level. Was a great setup on H12 too.
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simoneg replied Sep 28, 2018Hi Paul, yes we watch the PA at the levels and trade accordingly. Scott Carney teaches on 190.2 as a significant extension.
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simoneg replied Sep 27, 2018I actually mark ALL the weekly and monthly levels within the trading range. Even daily, you can adjust this as you see fit. But these levels are very much respected so I keep them on my charts to make decisions. To get a good idea of what I am ...
Daily Chart 3-Candle
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simoneg replied Sep 27, 2018CHF WEEKLY Levels. Also note that the most current level is not yet fully confirmed as we need two mar bars to complete the swing low structure
Daily Chart 3-Candle