its a camel standing up. weekly open? it was below some shit and now its above some shit but it looks like it wants to go right back to sleep; or refuel on water for the next leg up?

General Trading Chat / Ideas

take a look to the left, immediately there you will see an area of demand. In my opinion, its best to wait for that area to be cleared, tested, rejected and then when the indicators line up you take the short.

Trading Made Simple(r)

Hi RobinHood, Personally, I haven't changed much from the original post and have been extremely happy with its success. Of course, I've been on here for close to a decade that I've picked up ways to read patterns that most newbs might not read but ...

Trading Made Simple(r)

closed with a small loss. went out for a walk with the dog. didn't know where else to post this conundrum, I don't think I've ever fallen asleep on a trade. Ah well. Thanks for the responses guys. Hope you are all clear in the head and ready for ...

Share your results from today

What do you guys do when you miss an exit because you fell asleep.... do you try and recover or just close with a small loss? crud. image

Share your results from today

we moved 50% of the previous low to high in one day..... I'd be a little more patient and wait for 1.3280-ish. At least thats where it broke down for me last and what had previously held as support/demand. I am finally happy to be out of it!

USD/CAD

I hope your view is accurate and that it gives us another opportunity to short. I've been holding underwater for a few weeks until today. Thought it would turn around like the last few tests of this level. Seems to be holding now so will be looking ...

USD/CAD

Im all for growing and learning but maybe close this thread down and start “TheSpoof’s journey to simplicity,” because originally this thread was a play off of RH’s thread. In my opinion, it is just rather confusing for noobs to see a journal named ...

Spoof's Trading Made Simple(r) Journal

It’s stale at best. Been patiently waiting for a move in any direction at this point- just do something.

USD/CAD

Can’t they both be right if we’re talking about two different timelines? for me, I believe we go 1.30970-ish and then back up again. Weekly is ripe for a new low but anything Can happen and so take with a grain of a salt and an entire tequila bottle. ...

USD/CAD

Thanks for the prompt response. I’m not over leveraged and have a stop in place. I still feel confident in the trade and don’t believe one spike invalidates the trade. Longer term break of the rising TL is broken and figured there would be a retest, ...

USD/CAD

Hi Neil, hope you are doing well. I jumped the gun back on August 6 with a small position and have stacked orders all the way up to the 61.8% fib retracement level. Im curious to see what kind of a timeframe you believe your TP’s will get hit? This ...

USD/CAD

Hi Emmanuel, A few days ago you posted about EUR/CAD. Asked about the daily and how we should prepare for that. Did you get into this trade after all? Took some drawdown but wasn't sure about the entry and so I used for the first time the multiple ...

Trading Made Simple(r)

You're not understanding the fundamentals. A low win-rate with excellent money management can return more than a strategy with a high win-rate and crappy money management. Numbers are subjective and relative only to the person its important to. I ...

Trading Made Simple(r)

true, timing is everything if you live in a utopian world. fact of the matter is, we do not. RH trades his indicators, not the start or end of a session. There may be preferred times to trade but a signal is a signal. The constant theme next to ...

Trading Made Simple(r)

yeah, absolutely right. I just figured it was an entry regardless of what's going on (fundamentally speaking). Correct me if I am wrong, but I believe RH ignores news. Follows price action and trades what he see's. It's now a risk free trade so if ...

Trading Made Simple(r)

I know its a downtrend but after a tapping out near 1.589 area and the indicators turning it looks like a valid entry. What do you guys think? image

Trading Made Simple(r)

thank you for the prompt response. seems like the 3-unit idea for money management would go well for a 50% retracement (given all conditions are met, as discussed). I think longer term it will turn but I am just getting a feel for the application of ...

Trading Made Simple(r)

hello everyone! I'm not in front of my computer and I know the weekly candle hasn't closed yet but is anyone else looking at attempting longs around this level for AUD/USD? I've attached a screenshot from metatrader 4 iPhone for review. image ...

Trading Made Simple(r)

Is anyone else watching this? I think there may be one more push up before we get all conditions met but I am keeping my finger on the pulse. Curious to see what other folks are looking at. Best, image

Trading Made Simple(r)