Thanks, I believe I will hold for today as I think this has room to fall into 1.3100Originally Posted by ;
Thanks, I believe I will hold for today as I think this has room to fall into 1.3100Originally Posted by ;
Its through the 1.3125 level today so next surge is 1.3100 but guess it will return up and retest the old support at 1.3130 if it divides through I'm out for sure. No I will take profit then.
But hopefully I won't need to till 1.3100 gets analyzed.
By how do you trade the 25 pip levels too?
Oh well there you go price decided to split out the top instead this time.Originally Posted by ;
Hi could u please tell me what's BE?? I dont get ur green vertical line....how can I receive it???Originally Posted by ;
thanks
Hello Roof, great thread, I Am a total newb so for Now I'm going to sit and watch but this thread Is a Superb resource for me
Thank you for the comprehensive description of your transactions (btw, congratulation for the nice trades!) . Is there a special rule you derive your own lines to exchange from?Originally Posted by ;
Well to be fair you can't foresee a fashion change or reversal you merely have to keep trading with the trend until it ends. Just assume it's likely to go on forever and keep taking the entrances.Originally Posted by ;
However there are a few egies to find it has finished, such as if it's downtrending then it'll be generating LL LH's one after another so as soon as you find a HL or HH its possible it's going to finish. These are called 123's and lots of traders will enter from the opposite direction as soon as they see one. The opposite is true in uptrends.
Another manner particularly on 1 second charts is to start looking for major support or resistance levels where price may reverse. Big numbers are just another area where you could expect reversals on reduced timeframes for example 100 levels.
You can take a bet and just enter if price slows down or await the bounce and subsequent 123 signal and enter. But best choice is to just stand apart until price is trending in the opposite way.
This place where price is turning generally goes for a while and causes traders to lose their cash. Always , always best to only trade when you're able to observe a clear powerful fashion. Unless of course you've got the abilities of Roofx who trades minor reversal all day long.
So basically just trade the trend as though it is not going to finish, but be cautious because it means support/resitance amounts or big Nos.
Oh and you asked about my green traces well its tiny indior I use to indie 0800hrs Green and 2100 Red which are the beginning of the London open and finsih of New York session, just a guide as to greatest trading interval. Indior attached under.
Only set Begin 1 to 08:00 and finish 1 to 08:01 and Begin 2 to 21:00 and End 2 to 21:01 for 1 minute charts. If using larger time charts then place as candle width 5min for 5 min 15 for 15 min etc
https://www.forexforum.co.za/attachm...7332068936.mq4
Morning guys,
I'm most likely not likely to be trading today. I hate days like today, with lots of news, Ecofin and Draghi speaking then FOMC afterwards, nowadays usually are tough for me personally.
TraderJF, many thanks for the link. I'll read through with my lunch. You are my friend, you never stops learning. And even when we become profitable we have to keep looking at new ideas because nothing ever stays the same from the markets and when we don't keep improving and adapting we will wind up right back to where we came out, struggling to make pips.Originally Posted by ;