allisonmagic wrote:what do you guys think about nzd/chf ? the monthly candle is above the 2ma, 4h trying to close above the WR1
@ Bob or Steve,
An excellent thread & trading method, I hope to stick with it a bit longer this time around.
Suggestion, how about a separate thread with heading "NB 10.4 Trades" where we can post charts about potential trades, analysis, possible setup, entry & exit, with all associated questions?
Thanks, John
Snowman,
I think it's a Good Idea but then what is this current Thread that you and I are on for, I suppose it was meant for us to also show our Trade setups.
I was just thinking aloud.
Happy Trading Y'all,
xrismak
Well, I'm seeing a lot of questions of how to use the indicators and general method questions; I thought a thread just strictly for actual trades or trade setups, where we could find and follow each pair mentioned through the week would be good.
Now I see a thread for dummies, so what's the problem with having a trade thread devoid of all the extra questions?
mageous wrote:Is this AUDNZD setup a good one to be in?
Yes good trade. Price is below 240 and RSI 2 is on top. Also the Info page shows NZD as the strongest trending currency right now and the AUD still showing weakness. The gives you a good shot at a good trade.
NZD +.62 and AUD showing -.14 on the INFO trade so NZD is strong AUD weak but near balance. Conclusion NZD is stronger than AUD so sell the AUD/NZD.
Thanks Bob, for taking your time to explain your thought on the trade.
I wussed out on NZDUSD. After riding that spike down. Closed for a slight profit. Short term price action spooked me. Looking for something else. All you patient types can laugh in a couple days when you tag TP. I'm not on demo so know better than to stick around when it don't feel right
EURUSD Looks to have an early setup forming. I set the pending and also took my trigger happy entry with half size I can add to. Trade gets pretty if bears hold Mid S1 and I will enter on that break and possibly a test rejection of pivot.
Not super Vanilla. But the second entry will be.
240 a little too close for my taste. So I am using MR1 @1.3435 as SL.
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allisonmagic wrote:what do you guys think about nzd/chf ? the monthly candle is above the 2ma, 4h trying to close above the WR1
@ Bob or Steve,
An excellent thread & trading method, I hope to stick with it a bit longer this time around.
Suggestion, how about a separate thread with heading "NB 10.4 Trades" where we can post charts about potential trades, analysis, possible setup, entry & exit, with all associated questions?
Thanks, John
Snowman,
I think it's a Good Idea but then what is this current Thread that you and I are on for, I suppose it was meant for us to also show our Trade setups.
I was just thinking aloud.
Happy Trading Y'all,
xrismak
Well, I'm seeing a lot of questions of how to use the indicators and general method questions; I thought a thread just strictly for actual trades or trade setups, where we could find and follow each pair mentioned through the week would be good.
Now I see a thread for dummies, so what's the problem with having a trade thread devoid of all the extra questions?
Thanks, John
The Snowman,
I spoke too soon, please forgive my Jumping up and Down like a Blind Bat, it Appears very much so that your Idea has many many legs for us to Stand on as in a thread just strictly for actual trades or trade setups, where we could find and follow each pair mentioned through the week would be good.
Nice to know you're enjoying your vacation. Couple of us here have these questions and hope we catch your attn here. TY.
Q1 : Once you enter the 2nd trade it's a no-loss situation... , if there are a large number of first trades that end up in loss it may not compensate for the few no-loss situations. It seems that this point is not getting much attention and all the focus is on the occasions where you end up with a worst case scenario of BE.
Q2 : What is the relevance of rsi / stoch crossing the AO 0 line? Can you elaborate on the reasoning why the crossing of the RSI across the AO zero line has any value?
Thank you for the time. If missed, I'll repeat them again another time. Regards,
Depending how aggressive you are setting pendings you may have already sold this pivot. We are seeing massive exposure to GBP, so I have been patient on this one.
I'd like to see one more small bull run (Think 1HR rsi back to Overbought). Then I will set the pending and let it ride. Should be pure and simple 10.4. There is significant resistance right here, so I may not get my entry from above. I'll likely evaluate for an RSI move and possibly ao change and sell as close to pivot as I can.
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but then what is this current Thread that you and I are on for, I suppose it was meant for us to also show our Trade setups.
