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- shahroor replied Feb 2, 2014
Have we seen this price action in silver before ? I think we have , Check out these charts ! Bullish short to medium term in my opinion
- shahroor replied Jul 9, 2013
ok guys , based on our strategy principle that markets likely to continue higher if it makes new high ie continue the trend . in this scenario: following our exit market did close above both MAs again however it didnt make new highs and it didnt ...
- shahroor replied Jul 8, 2013
issue 2 weekly in uptrend 1- we enter long as price closes above both MAs 2- we exit at day 30 candle as no reversal candle within our range 25-30 so we run the trade to the full 3- market dips to the no trade land (between MAs) but price manages to ...
- shahroor replied Jul 8, 2013
Issue 1 assume weekly shows a downtrend (price < 50 SMA) 1-we enter a short as price closes below both MAs 2-Day 10 candle shows first reversal, as per our rules we should be looking to exit around the recent lows within our range 10- 15 candles ...
- shahroor replied Jul 7, 2013
this exit strategy is applying support and resistance principles. however we are not trading historical S&R , we trade them as they form . ie strong momentum move for days then strong rejection at a particular level, this is a warning signal , if ...
- shahroor replied Jul 6, 2013
here is an example 1- we enter long as price closes above MA 50 and 20 2- this is the first reversal candle after a strong momentum move, this level now is a resistance level ie profit target Day 10 is our earliest exit, Day 14 is our latest 3- ...
- shahroor replied Jun 28, 2013
I have been trading this triangle on GBPJPY, exited long (150) at top of triangle and went short at 151
- shahroor replied Jun 27, 2013
By the way guys some of you might think I am talking rubbish but just in keep in mind that I am not new to system development , its hard work and takes a lot of time , the things that you see here is part of the process but what you are not seeing ...
- shahroor replied Jun 27, 2013
Now have a look at the daily chart and tell me what you think
- shahroor replied Jun 27, 2013
going back to this chart, I didnt get many comments so I assume you didnt spot anything useful on that chart relating to our exit, but the good news is that I did see something very promising If you look at the highlighted areas on the weekly chart ...
- shahroor replied Jun 27, 2013
Here is the bounce I was waiting for on indices I had 2 limit orders filled on SP500 1611, and Dax 30 7985 based on broker support
- shahroor replied Jun 26, 2013
Will this yellow support level stop Gold meltdown
- shahroor replied Jun 26, 2013
Long GBPAUD at 1.6570 SL 1.6490
- shahroor replied Jun 26, 2013
GBPJPY once again on support zone went long 149.85, SL 149.50
- shahroor replied Jun 25, 2013
AUDUSD has been consolidating for few days now since the break of weekly support I am looking to go short half position now and add on if market retraces further up to that broken support level, if market moves straight down will add to position too ...
- shahroor replied Jun 25, 2013
Guys have a look at this EU chart for example and pay attention to the highlighted areas, these represent swings high and low ie price dropped or bounced significantly after touching these levels. Do you notice something that could help us with our ...
- shahroor replied Jun 25, 2013
Thanks Turveyd. based on this strategy we would have been out of the trade at a very early stage when the market was only consolidating as you can see on the chart, it happened not only once but many times , any other suggestions
- shahroor replied Jun 25, 2013
OK guys I am looking at our second issue which is Exit although I have an idea in mind , I would like to see your views before I commit to it Have a look at this chart based on our entry rule, price closed below 20 and 50 SMA with a red candle ...
- shahroor replied Jun 25, 2013
sp500 did bounce back to broken support, however this bounce might stretch up to the broken trendline, in which case it would be a better short entry with tighter stop
- shahroor replied Jun 25, 2013
another bounce off our support level on GBPJPY , this level is great for scalping