Support, Resistance & Chart patterns

Post by **hannele** » Wed Feb 10, 2016 8:16 pm

Nice one slipshod

cheers
hannele

Post by **slipshod** » Wed Feb 10, 2016 11:53 pm

It did work beautifully, but unfortunately the trailer was taken out with the rebound after I'd gone to sleep, the pivot point proved far too strong today & simply was not going to be broken to the downside.

There was actually an excellent long signal there, had I been awake to see it...

20160211 gbpusd 3.png

20160211 gbpusd 4.png

Post by **slipshod** » Thu Feb 11, 2016 1:00 am

Here's a quick look at AUDUSD...

20160211 audusd 1.png

20160211 audusd 2.png

And a view on M15 for scalping purposes...

20160211 audusd 3.png

Edit: flowing on from the previous M15 chart above, an update showing an exercise in loss minimization...

20160211 audusd 4.png

Post by **slipshod** » Thu Feb 11, 2016 8:36 am

I took a bad day to go out shopping during the (usually quiet) Asian session - some excellent entries here that were clearly tradeable, but which I just wasn't around to take advantage of.

Oh well :\

20160211 gbpusd 5.png

20160211 nzdusd 1.png

20160211 audusd 5.png

In 20/20 hindsight, GBPUSD, AUDUSD and NZDUSD all made 40 pip pushes up into resistance zones during the early asian session, for no apparent reason - no news, nothing, it just did it. The early asian session (it was the hour that Tokyo opened) rarely moves like that, and when it does it nearly always gives it back again.

It looks to me like the banks just wanted to take advantage of the quiet session to push the price to the ideal zone from which they could load up on sells - which is why I should have been all over it & looking to join them.

Post by **slipshod** » Thu Feb 11, 2016 12:03 pm

And here's a successful trade today...

20160211 gbpusd 6.png

Post by **slipshod** » Sun Jun 19, 2016 8:45 am

I haven't posted here in a while, mainly because I don't find forums to be the best medium for sharing & discussing chart analyses & trading methods. Its just not interactive enough for my liking - I prefer to talk and point at things rather than type words on a screenshot

However, I've just started a new youtube channel to discuss the methods I've described in this thread, and once I have all the method-related videos online I'll start posting daily (or close-to-daily) chart analyses highlighting potential trade opportunities.

The channel can be found here - https://www.youtube.com/channel/UC439pu ... 6p8M1niYzw - only one video up so far, and its an introduction to forex for beginners (I had to start there in case new traders stumbled across the channel). The subsequent videos will focus on trading methodology, and I'll be posting them here as well.

[youtube]https://www.youtube.com/watch?v=XUy_o6GpLyc[/youtube]

windorz · Post by **windorz** » Sun Jun 19, 2016 9:18 am

Subsribed!

Post by **slipshod** » Thu Jun 23, 2016 11:41 am

[youtube]https://www.youtube.com/watch?v=Qbty_Qeqwqw[/youtube]

bitbybit · Post by **bitbybit** » Thu Jun 23, 2016 10:43 pm

I'll follow along with your videos. Thanks for posting.

Post by **slipshod** » Wed Jul 06, 2016 3:05 pm

[youtube]https://www.youtube.com/watch?v=C36CHQz0yIo[/youtube]