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- ponchofx replied Oct 15, 2014
FXAction, I would like to ask you about the psychological aspect of trading. Being so accurate and almost a 100% profitable on your trades you could trade multiple lots. Does the position size affect your judgement and trading decisions in some way ...
my system of 20 pips
- ponchofx replied Oct 15, 2014
AUDCHF at important level image On 1H PA is compressing. If it taps the lower tl at 0.83 wouldn't that be a 3 tap? FXAction is better to wait for the price to break out of triangle? image
my system of 20 pips
- ponchofx replied Oct 14, 2014
Look at the similarity of pattern. I expect it to up to the nearest TL. image
my system of 20 pips
- ponchofx replied Oct 14, 2014
FXAction, would that be a valid hook set up if PA confirms? image
my system of 20 pips
- ponchofx replied Oct 13, 2014
I will strive to develop the skill of chart reading because I really don't understand. You entered in the middle of a cluster on a no PA candle above recent Support area + BRN 0.87. This is really out-o- the-box thinking which apparantly is rewarded ...
my system of 20 pips
- ponchofx replied Oct 13, 2014
By the way, I am watching the current level (AUDUSD).
my system of 20 pips
- ponchofx replied Oct 13, 2014
FXACTION, Man, how do you enter your trades? I've seen it before with your examples and now with the Aussie. This hook could have gone lower. I was waiting for the hook test the 0.87 S/R level and to long it from there. You entered before even the ...
my system of 20 pips
- ponchofx replied Oct 13, 2014
Do you guys think this could be traded on the way up to test the untested S/R (there is a gap there too) or wait till it gets there and short it? image
my system of 20 pips
- ponchofx replied Oct 10, 2014
FXACTION, Thank you for your nice comment. I've been trying to learn PA trading (I PM u regarding that matter) but I have a long way yet to go. Higher TFs are stronger and suitable for people with jobs but require a different mentality and a hell of ...
my system of 20 pips
- ponchofx replied Oct 10, 2014
I am sorry I got carried away with my last post as it was a little off topic with this thread.
my system of 20 pips
- ponchofx replied Oct 10, 2014
FXACTION, Nice to see some higher TF charts from you. I've been also watching GBPCAD and have similar outlook but may be it's not safe yet to short it because we don't have higher TF confirmation. Markets dynamics are a little complex on this pair- ...
my system of 20 pips
- ponchofx replied Oct 9, 2014
Hi, Yesterday I took 2 successful trades with Cat's approach. Now, since I've just finished reading the thread and I have not digested it all I will post a chart with highlighted trading zone as I understand it and I would ask the experienced ...
my system of 20 pips
- ponchofx replied Oct 8, 2014
I'll put a buy order at 137.20 if it gets there again, TP 137.40
my system of 20 pips
- ponchofx replied Oct 8, 2014
Hi, First post here. I've been reading the thread but I have not digested everything yet. Right now I think 1.2640- 1.2660 zone should be paid attention to. Am I correct?
my system of 20 pips
- ponchofx replied Oct 6, 2014
I took a small short on USDCAD. Candles changed color yedterday, cross at 68 zone, good slope, flat TSL, RSI is at 55(on 4h TF already crossed the 50). Since this is a countertrend trade I am setting a target of 7ATR (90pips) which is pretty much ...
Trading Made Simple for Day Charts
- ponchofx replied Oct 6, 2014
Here is another pair that I find interesting image image TDI lines have already crossed a few days ago but no bullish momentum so far. But break above(happening now or so it seems) the triangle will fuel the bullish trend and give us ...
Trading Made Simple for Day Charts
- ponchofx replied Oct 6, 2014
CADJPY is in similar situation P retraced to 21 MA, TDI lines about to cross at the 50 mark but on retracement in a trend I think it is acceptable. Will watch price evolution as candles change color image And this is the longer term outlook. If we ...
Trading Made Simple for Day Charts
- ponchofx replied Oct 6, 2014
I would like to offer my thoughts on some pairs AUDJPY added to watchlist TDI lines about to cross near 32 area, TSL flat above the 50 mark and price paused just above the 200 MA. Waiting for color change and adequate bullish PA image Weekly chart ...
Trading Made Simple for Day Charts