[quote=fxgroup;5103950][quote=Milton;5102140] Yes, fxgroup. But waiting for the weekly candle to close above the S/R line, would have ended in a loss also. Because I would have entered at the candle with the arrow (the first candle, after the week ...

Beyond the Candles

[quote=fxgroup;5099457] In the area, at which my arrow is pointing, price reached the resistance line of the monthly RM. So, we switch to the daily. Here price breaks through (on the daily), closes largely above, comes back to retest the BO line and ...

Beyond the Candles

Would you agree?

Beyond the Candles

[quote=fxgroup;5091873] Thank you for the explanations, msmarple and fxgroup.

Beyond the Candles

[quote=fxgroup;5087891] Hi fxgroup and msmarple. Fxgroup, I think with your chart in this post, you really answered my question. You showed a DAILY S/R line and NOT the M and W level. As I only looked to the M and W levels before, I missed a good ...

Beyond the Candles

OK.

Beyond the Candles

Hello FXgroup! I have an important question to you. Look at my first chart. It is the eurusd daily. There is a monthly S/R line at 1.3965 (from the open of november 2010). Price stopped at this line 3 times and retraced (3 arrows). Then it went up ...

Beyond the Candles

Hi FXvenom! You did a nice trade there. But your entry has nothing to do with hmaoui's method. First there has to be a trend on the 5m with spreading MA's, then a pullback, then we switch to the 1m chart and look for an entry on a pullback also + ...

A "new" simple system based on MA

Along these lines, we see price action, telling us, what buyers and sellers are doing.

Beyond the Candles

Hi Good Lookin! Thank you for your response. I discovered this thread only yesterday. And as I trade this system (monthly and weekly S/R and entries on daily pinbar and outside bar), but drawing the lines through the highs and lows, I played around ...

Beyond the Candles

Hi Fxgroup! First, thank you for this good thread. I have a question concerning S/R lines. On the attached chart, the big blue lines are monthly and weekly levels. The fine dotted lines are the daily Range Market lines, as you can see. The 1.0228 is ...

Beyond the Candles

Hi Phx62. I will start to look at the charts the way you do. Thanks for the help.

Trading Made Simple

Thank you antantnz, dean, wannaberich and Loooit. You all helped me. Perhaps unconsciously, I want a surefire trading method, that will free me of my own work and responsibility.

Trading Made Simple

Thank you for the response, Dean. But, if you look at Phx62's trade, you can see, that 4 out of 5 were simply no trades by a conservative and correct approach, because: no more entry at the 3d candle, as the cross happened only at the 2d candle. But ...

Trading Made Simple

I want to ask all the experienced traders here, not only Phx62. As I'm interested in learning from profitable traders, I had an exact look at the 5 trades on Phx62's picture and I saw, that only the 3d trade was in accordance with the rules. For me ...

Trading Made Simple

Closed first half eurchf with + 32 pips, S/L BE. Closed first half usdchf with +28 pips, S/L BE.

Trading Made Simple

eurchf short at 1.1323 usdchf short at 0.7868

Trading Made Simple

No problem dean, it was in the demo account. I have learned my lesson. You know, I entered because the first red candle had so big momentum versus the small ranging candles before. But like antantnz and some other said, a breakout of a trading range ...

Trading Made Simple

Dean and 33drifter. Lesson learned: gbpusd short -100 pips (I entered with 2 lots, that is 2 x-50 pips).

Trading Made Simple

Hi spitfire852. See posts 5274 and 6861 from adeforex.

Trading Made Simple