sympathy » 11 Sep 2015, 14:49 wrote:one thing you guys have to know about fx is dat setups dosnt come everytime, if you begin to force trade bcos other people are trading you loose your money. i dont take trades everyday like today. my pairs didnt complete there levels before dropping so i didnt take them. so thats how it works.just take is easy nd slow things down.
Please do not laugh at this chart (I know that is funny), but it helps me to see levels at higher TF
(Haiken Ashi, MA 1 Low, MA 1 High) Once CJ proposed to look at the linear graph but then we lose information about the price of High and Low.
However, it helps me litte bit.
So the question is: In this particular case (GBP/USD) , we are at Level 2? yes or no?
If answer is "Yes" we are looking forward to Level 3
If answer is "No" we ar looking for Short
For me is L2
Enclosed is how it looks on H4 and H1
from my little experience of watching charts such two-day non stop movement were counted as 1 level
here is gc chart, the most recent i remember. so considering GU we may see 1 more level to 1.555
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sympathy » 11 Sep 2015, 14:49 wrote:one thing you guys have to know about fx is dat setups dosnt come everytime, if you begin to force trade bcos other people are trading you loose your money. i dont take trades everyday like today. my pairs didnt complete there levels before dropping so i didnt take them. so thats how it works.just take is easy nd slow things down.
Please do not laugh at this chart (I know that is funny), but it helps me to see levels at higher TF
(Haiken Ashi, MA 1 Low, MA 1 High) Once CJ proposed to look at the linear graph but then we lose information about the price of High and Low.
However, it helps me litte bit.
So the question is: In this particular case (GBP/USD) , we are at Level 2? yes or no?
If answer is "Yes" we are looking forward to Level 3
If answer is "No" we ar looking for Short
For me is L2
Enclosed is how it looks on H4 and H1
if you believe your indicator helps you in your analysis there is no problem ok. from your chart everything is ok but we have one more pushup to level3 . i was fighting against going shorting EU/GU because i know every move of any pair, so its good to know were you are in the level. weldone bro.
Last edited by sympathy on Fri Sep 11, 2015 5:08 pm, edited 1 time in total.
sympathy » Fri Sep 11, 2015 12:49 pm wrote:one thing you guys have to know about fx is dat setups dosnt come everytime, if you begin to force trade bcos other people are trading you loose your money. i dont take trades everyday like today. my pairs didnt complete there levels before dropping so i didnt take them. so thats how it works.just take is easy nd slow things down.
Sympathy, that is one of the lessons that I'm learning - and I'm learning it the hard way with my money. When you learn like that you learn pretty quick. Since I stopped wanting to be in the market everyday I've started to make much better trades.
Closed shorts on gchf and uchf. According to 4H they can go further but 1000 pips is much more than enough for me. Waiting for Monday.
Also there could be 3rd level on eurusd and area of interest on this pair so we can have got turn around on eurusd so usdchf as well. Also 1H support on gchf and uchf. One more... canldes with wicks 2 hours before close do enough reasons to close those trades and bank profits.
On monday we could have got nice reversals on those pairs or a continuaion move on gbpchf to 1.46000 area and on uchf to 95.500 area.
Yes, i loaded shorts at that M but as i had no time to nurse the trade put tp at previous low. To me it was a textbook example of fox daily activity: asian accumulation-london stophunt, buyers trapped-M and reversal to true direction.
Everything is possible
Tomorrow morning should watch and wait for a second chance to enter.
On the left we have only air and nice pin, 4 years ago + round numer 1.1000 = very attractive area to make "boom".
ech poss.png
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+ round numer 1.1000 = very attractive area to make "boom".