Good morning everyone.. Eurusd seems like making a bearish engulfing candle (or at least almost engulfing candle) unless today brings some crazy bulls into play. Either way is okay because I'm prepared for both side. We'll see how this one will be ...

Trading Major Lines

thank you qnwwnq. I haven't mention because I don't do partial taking profit. Because I usually have more than one position open. But I can diversify positions at different major numbers. For example If I had more than one long position on eu on the ...

Trading Major Lines

here is a recap chart. when I stopped "wishing and hoping"in forex its the time when I started making money. my position (opened 3 weeks ago) went over 400+ pips profit then the market took 200+ pips back and I don't know if this is all yet. Its the ...

Trading Major Lines

Good morning everyone. There is a possible fakeout on the weekly if this weeks candle closes below the purple level.Maybe bringing us a bearish engulfing candle which might be taken as a short setup candle So if thats the case by the end of the week ...

Trading Major Lines

I'm waiting first week setup for short trades. I'm still biased long and have position from 1.3560. if you notice I used that bad shaped engulfing 4hr candle in the direction of my hindsight

Trading Major Lines

two attempts for today. one ended 3 pips loss.other moved to break even.

Trading Major Lines

You can use different set of timeframes like monthly,daily and 1 hr if you want.. but the reason why I only limit it to three time frames is that adding more timeframes will make you confused rather than making better entries. and I don't use ...

Trading Major Lines

Good morning everyone. Yesterday I tested this pinbar with a small entry cost me -8 pips and it failed to move up during the slow market hours. These entries are necessary to catch real and quick moves that happen not often but when it does it just ...

Trading Major Lines

major lines thousand pips apart (1.4000,1.5000) and median lines are just in the middle of the major lines (1.4500,1.5500)

Trading Major Lines

sometimes price starts moving without looking back. only way to find it out making small entries especially when the very first bar of the new 4hr candle is a breakout candle which it was in my case.But didn't work out so now I know its not a strong ...

Trading Major Lines

first attempt ended -8 pips loss. not keen to be trading at this time of the market

Trading Major Lines

well said Michael. I wish this was happening when european market was open... but I'll be watching it though.

Trading Major Lines

enter only when there is a good setup/reason.. if you show show some of your entries maybe I can help..

Trading Major Lines

its correct.. with this way of trading you'll stay out of too much noise and false price patterns. If the method you use starts becoming boring ,don't try to make it more exciting. when its too simple and clear ,things will most likely get boring ...

Trading Major Lines

depends on the setup. If we get a weekly bearish engulfing candle that makes a close below the opening price of the previous bullish candle or any other price action then the answer is yes.. posted earlier this plan url

Trading Major Lines

Sorry Nelton. I'm not sure what you asked me but if I get a weekly candle with close above 1.4000 level, I'll be looking in 4hr timeframe to go long and after that I look for low risk long entries on 5 min.time frame.. There are some good examples ...

Trading Major Lines

thanks winston.. I posted this while ago that can be answer to your question. url

Trading Major Lines

double tops/bottoms along with candlestick patterns (double bottom&engulfing candle in your example) are valid as well as pullbacks to fibs.. that could've been traded but as I said earlier we do not have a weekly setup candle signaling the move ...

Trading Major Lines

I forgot that one..thanks.

Trading Major Lines

this method needs a weekly setup candle for our hindsight. once we're biased in one direction then we look for a 4h price action and 5min entry off the 4hr candle. But currently we do not have such weekly candle signaling that price moving from ...

Trading Major Lines