I might if they are both hitting levels, but not just because they are correlated....if I do I'm half size on both = 1 full position to keep $ exposure in check....otherwise its like opening 2 positions.

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quote=jones247;2333017]Hi BRV, Do you trade break-outs more than fades at s&r levels? You mentioned that several bounces off the s&r level will indicate a pending break-out. Are there any other unique price patterns that distinguish a break-out from ...

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funny you should mention this we were actually just talking about these today....do you use them ever? I never got into them but people that get into them really religiously follow them it seems.

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Oh yeah you really crossed the line on this one

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That's good to hear.... I'm going to start collecting these and posting them in a separate section of the blog so that you guys can see exactly what I look for here. I'll include all of the analysis and only post trades I actually take. I think this ...

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Here's a trade I just took....Long EU at 1.2655 level — Someone posted this earlier. There are 2 big levels here: 1.2655 (bottom of 1hr bucket) 1.2640 (intersection of diagonal trendline) I went long at 1.2656 just in case 1.2640 didnt get ...

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yeah I think anyone that has been around for a while knows the general philosophy that floats around here. the title of the thread I think I pulled out of thin air in about 1 minute the night I started it

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Hi Barak hahah you got me worried on the first part of this question here but yes, its all I do to pays the bills.

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Good call - I actually just pointed this out to a buddy of mine on the phone a few minutes ago. This pattern happens a lot. A low, a lower low, and then a bounce off of the first low. Same in reverse.

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Hi - I look at the dollar index quite a bit but in terms of my actual decision making I dont rely on it too heavily; equities are usually my biggest concern - with the dollar index I'm looking at the same things I look at with everything else, just ...

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Exactly....those little things I'm trying to piece together. But have faith I'm good for it . All these little nuances that happen throughout the session....there's a will to explain so theres a way . In the meantime its a matter of just keeping ...

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I know Im going a little off path here but I know one of the biggest questions I get, and why I set the poll up on the site, is when to enter safely. Its been hard for me to piece something simple and solid together because its there's just so much ...

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Hi Max, I took a long on EU early on in the day when I saw it bouncing from minor support, and then shorted on 15 min resistance. The levels I mark are just the bigger ones, easier to use and for bigger trades. Alot of the intraday stuff you really ...

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Here's my GBP chart unchanged from the beginning of the session today.....what a fiasco. Perfect wedge forming now with these intraday, 15 min levels acting like a shield in both directions.....good day to grab the popcorn and enjoy the show. ...

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Hi smittens, yeah I'm working on some live stuff to give you guys a better idea. I'll post something if I see it today......going to be a nutty one.....rates out in a few

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Good example....thats all there is

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I understand.....I've been working on a way to more systematically explain this, but finding it a bit difficult to do so. Its definitely like second nature to me at this point. If you take a look at the trades counted in the performance of this ...

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If something comes around then sure....I took 3 trades so far today: a short EUR, short GBP and recently a long GBP on this move up here. So far so good. The first two ran pretty well and the last one went for a good amount too........the last one I ...

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thats a longer term level (1.1505 area) .382 retracement of this last major wave.....looks like it was able to muster up some buyers there. 1.1038 is the 50% mark.

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I had my charts up and for some reason right after the announcement I glanced over and went for it. Think I got lucky because I def. wasn't thinking about trading at the time!

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