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Daily Chart 3-Candle

  • #221
  • May 11, 2018 8:58am May 11, 2018 8:58am
Quoting birdland
and i have another question regarding th UJ H4 chart: 1) the BRL arrow pointing to the start is on the correct place? 2) the SRL (selling rejection level) is correct? 3) can the second BRL line (108, 901) also be a correct SRL? thx for answer! {image}
I would say Zone more than an exact line or level, for me both are correct...
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  • #222
  • May 11, 2018 9:02am May 11, 2018 9:02am
Quoting birdland
and i have another question regarding th UJ H4 chart: 1) the BRL arrow pointing to the start is on the correct place? 2) the SRL (selling rejection level) is correct? 3) can the second BRL line (108, 901) also be a correct SRL? thx for answer! {image}
Hi birdland,

I am off today. Just saw the post.

Yes the BRL is correct. I am not seeing the second BRL so well. The lower SRL is correct as well. That would be the best place to take profit on the short trade.
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  • #223
  • May 11, 2018 9:04am May 11, 2018 9:04am
Quoting J1mm
{quote} I would say Zone more than an exact line or level, for me both are correct...
Yes J1mm,

It really is a zone but we have to watch a price level to know whether and where we should enter and in what direction.
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  • #224
  • May 11, 2018 9:04am May 11, 2018 9:04am
i am waiting for a "reversal price rejetion" on UJ H1
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 86 KB
trading is like dancing, don't think and just listen to the music!
  • #225
  • May 11, 2018 9:05am May 11, 2018 9:05am
Quoting birdland
{quote} great trades yesterday again! thx to show. a question to the EJ H4 chart: is my blue arrow correct to point the start of the buying rejection line (BRL)? {image}
Yes it seems correct birdland, I am going to updating post #1 to further explain rejections. But if you look at EJ it also had a SELLING REJECTION LEVEL that it dipped to and bought. So it was a tricky pair to trade.
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  • #226
  • May 11, 2018 12:38pm May 11, 2018 12:38pm
UC had a nice move, but the stop was too far away
and UJ is around the trigger line and tries zu reject from there
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 84 KB
Click to Enlarge Name: USDJPYH1.png Size: 87 KB
trading is like dancing, don't think and just listen to the music!
  • #227
  • May 11, 2018 2:45pm May 11, 2018 2:45pm
Hello guys.
Did someone already backtested this strategy over a decent period of time (2 to 5 years)?
What is your performance?

Nice good job you are doing all here.
Regards
  • #228
  • May 12, 2018 3:15am May 12, 2018 3:15am
Quoting Merka
Hello guys. Did someone already backtested this strategy over a decent period of time (2 to 5 years)? What is your performance? Nice good job you are doing all here. Regards
no, because backtesting a strategy which is discretionary, does not work in my eyes.
and this are good news! otherwise we would have people who suggets to make an EA out of it.
trading is like dancing, don't think and just listen to the music!
  • #229
  • May 14, 2018 6:01am May 14, 2018 6:01am
Hi everyone,

Hope you all had a good weekend.

Some nice trade setups today. Long USDCAD. Daily chart showing SELLING REJECTION and H4 Showing Bullish 123.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USCADD.png Size: 62 KB
Click to Enlarge Name: USCADH4.png Size: 93 KB
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  • #230
  • May 14, 2018 6:08am May 14, 2018 6:08am
Gold rejection buying at daily BUYING REJECTION LEVEL and H4 showing 2 consecutive bearish 123 setups. So I am short Gold.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDDAILY.png Size: 91 KB
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  • #231
  • Edited 12:11pm May 14, 2018 6:14am | Edited 12:11pm
My first crypto trade.

So the LTCUSD is setting up bullish at the H4 SELLING REJECTION LEVEL. So I am Long the LTCUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: LTCUSD.png Size: 99 KB
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  • #232
  • May 14, 2018 6:36am May 14, 2018 6:36am
Bullish 123 setup on USDJPY H12. Buying and paying attention to the BUYING REJECTION LEVEL just above.
Attached Image (click to enlarge)
Click to Enlarge Name: USJDAILY.png Size: 93 KB
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  • #233
  • May 14, 2018 6:59am May 14, 2018 6:59am
i will take the GJ H1 short
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 64 KB
trading is like dancing, don't think and just listen to the music!
  • #234
  • May 14, 2018 7:29am May 14, 2018 7:29am
Quoting simoneg
Hi everyone, Hope you all had a good weekend. Some nice trade setups today. Long USDCAD. Daily chart showing SELLING REJECTION and H4 Showing Bullish 123. {image} {image}
looks like we are seeing soon a H1 buying signal with UC.
the PA suggests this
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 67 KB
trading is like dancing, don't think and just listen to the music!
  • #235
  • May 14, 2018 9:11am May 14, 2018 9:11am
EURUSD just hit H4 & H12 BUYING REJECTION LEVELS.
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  • #236
  • May 14, 2018 9:11am May 14, 2018 9:11am
Quoting birdland
{quote} looks like we are seeing soon a H1 buying signal with UC. the PA suggests this {image}
stopped out, but i try it a second time...
GJ also did not work...these crosses are difficult
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 73 KB
trading is like dancing, don't think and just listen to the music!
  • #237
  • May 14, 2018 9:16am May 14, 2018 9:16am
Quoting birdland
{quote} stopped out, but i try it a second time... GJ also did not work...these crosses are difficult {image}
Hey birdland, I didn't want to mess with your trade, but if you look at the GJ daily you will see it just did a bullish 123 and SELLING REJECTION. So be careful with selling it.
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  • #238
  • May 14, 2018 9:24am May 14, 2018 9:24am
Quoting simoneg
{quote} Hey birdland, I didn't want to mess with your trade, but if you look at the GJ daily you will see it just did a bullish 123 and SELLING REJECTION. So be careful with selling it.
yes thats true, i ignored that.
so better to analyse timeframe up to down and bigger are dominating. W1, D1, H4, H1,...
trading is like dancing, don't think and just listen to the music!
  • #239
  • May 14, 2018 9:26am May 14, 2018 9:26am
Quoting birdland
{quote} yes thats true, i ignored that. so better to analyse timeframe up to down and bigger are dominating. W1, D1, H4, H1,...
Yes, respect the bigger timeframe setups first unless it is a scalp trade. GJ is also at the H12 BUYING REJECTION LEVEL so tricky at this point.
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  • #240
  • May 14, 2018 9:52am May 14, 2018 9:52am
Quoting simoneg
EURUSD just hit H4 & H12 BUYING REJECTION LEVELS.
EURUSD Short running.
Attached Image (click to enlarge)
Click to Enlarge Name: euTRADE.png Size: 91 KB
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