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Simplicity is the ultimate form of sophistication ( Elite )

image the last short continuation position of downtrending support brerakout, reached Fib 161.8% target, and broke the blue trend line for getting profit and exit. We have wait for a new consolidation to get an idea of where the new entries can be ...

Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment)

rsharpe, take a look in this thread, read it carefully, and if you have some questions to identify the market moods, pm or join the chatroom. url

Simplicity is the ultimate form of sophistication ( Elite )

you are welcome guys

Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment)

image we are still in the short position trailing it, and waiting for a new consolidation to get an idea of the further steps, greater changes will apear until monday

Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment)

image yesterdays consolidation ended 2 hours ago, it results with the midterm trendline and the resitance an descending triangle, good for a continuation. expecting a new ranging area, if reversalset stop to minimum profit target or trail stop, ...

Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment)

you have definitly all righ, stop loss at the top of the advertising candle, entry perfectly with the confirmation candle. The deal is just, as you mentioned, it was pretty sick before this entry, no smooth trending, it was ranging the candles up ...

Simplicity is the ultimate form of sophistication ( Elite )

image awaiting new consolidation and new materia formation for a valid signal

Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment)

Hi, to join the chat room you need to download url than connect to the network by typing this in the status window /server europa.ircforex.com and than again in the status window /join #Forex /join #Eliteforex to get into the channels

Simplicity is the ultimate form of sophistication ( Elite )

url

Simplicity is the ultimate form of sophistication ( Elite )

to continue the example, i will everyday post an analyse of GBPJPY, like the example we have in the tutorial... this chart is the continuation of the analysis image The downchannel had no breakout on the upper line, instead of this, the Major ...

Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment)

hello snarlyjack, excuse me to not answering you earlier... if you are not satisfied with the Fib levels, S/R targets, you can use the 89 SMA and the 233 SMA, to get targets, see rangings in stuck areas, and use them as S/R. , i have them myself too ...

Simplicity is the ultimate form of sophistication ( Elite )

hi morander, im very glad for you... for the trailing stop, i use 20 pips, giving the market enough space to retrace and breath. enjoy

Simplicity is the ultimate form of sophistication ( Elite )

new thread — url

Simplicity is the ultimate form of sophistication ( Elite )

you are welcome snarlyjack, yes sure you can use range price bars, personaly i choosed candlesticks to get an idea of price information, but if you know you are able to trade RPB's, go for it... take care of line charts, it gives only closed price ...

Simplicity is the ultimate form of sophistication ( Elite )

IRC Chat — Download url type in status window /server europa.ircforex.com type in status window /join #Eliteforex

Simplicity is the ultimate form of sophistication ( Elite )

guys, you don't join the chat i have mentioned, im all the time there, may idle, but in most important times of trading im will answer your questions at release, there are some realy good other traders there, who will help you and answer your ...

Simplicity is the ultimate form of sophistication ( Elite )

Apologize Babytrader, i just haven't the time the last days to answer, i will clearify it for you. No rules were changed, but just to watch at the 3 Ema, use the dots as a plus for entry, to be assured of the Confirmation candle, and entry signal. ...

Simplicity is the ultimate form of sophistication ( Elite )

you are welcome Sukusun... and thank you Clansman for your help, also Trader4Life for his recomandation of weak session targets, to share with others his experience

Simplicity is the ultimate form of sophistication ( Elite )