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- trader.joe replied Feb 21, 2016
Nobody knows for sure where the markets are going so nothing is guaranteed. Btw, how do you know where my stop is located? You are one of the big boys coming for my stops? My stops are always far away enough but not that far. No 250 pip DD ...
- trader.joe replied Feb 21, 2016
Let's look at USD/CAD. Oil is bottoming. USD/CAD has gone too far too fast. Let's look for shorts. image
- trader.joe replied Feb 21, 2016
Where else do we see trends developing? Anybody? Shout em out if you know em ...
- trader.joe replied Feb 21, 2016
Long entry at 1.1150 on EUR/USD. traderjoe
- trader.joe replied Feb 21, 2016
kornrogers, good to have you here. Welcome!
- trader.joe replied Feb 21, 2016
Of course, that's why we stay selective with the ones we chose to draw and keep our charts clean. It's about how you drawn them. Sloppy technicals will lead to sloppy trades.
- trader.joe replied Feb 21, 2016
Fib are a form of S/R and most pros use the .50 because sellers and buyers tend to meet in the middle. That's its significance. Once you see price react over and over again to the .50 you won't stop using it. Try trading based on fundamentals ...
- trader.joe replied Feb 21, 2016
Enough line charts. Let's dig down even further. Price is bouncing off the .50 fib at 1.1098. Again, big boys are watching and using these same levels to trade and so will we. image Next we'll discuss some entry points.
- trader.joe replied Feb 21, 2016
200 MAs are special because the big boys use this number and have been for decades. It's become a known convention.
- trader.joe replied Feb 21, 2016
Ah, I should have mentioned this. We do not use them as part of a cross-over system that lags. For example, "take a short when the 20 MA crosses the 200 MA", and so on. We use them as support and resistance and to establish bias of the trend. Make ...
- trader.joe replied Feb 21, 2016
Ah yes, the weeklies. The problem is by the time your levels are broken and the weekly MA is broken, the bulk of the move is already over and you end up missing it. Also price is likely to slow down because once it gets to 1.1800+ you are facing a ...
- trader.joe replied Feb 21, 2016
Let's dig down a bit more, but just a bit. Sometimes your eyes deceive you and keep from seeing the simple things... Let's get focused. Price has pushed itself up through the 200 Day Moving average which the big boys use to determine the main ...
- trader.joe replied Feb 21, 2016
Exactly. More cash for the fat cats.
- trader.joe replied Feb 21, 2016
Insider, You sir get it. Indicators can waist your time heading a in direction that leads you nowhere, been there buddy. Being on the right side of the market most of the time is what this thread is all about. That's why a drop down, uncluttered ...
- trader.joe replied Feb 21, 2016
It only takes a few good trades to grow an account. Some more truths on trading I have gathered over the years... Don't over-leverage. Grow you account slowly & compound. Think about it, if you blow accounts by over-trading and over-leveraging those ...
- trader.joe replied Feb 21, 2016
As I said, we are at a major turning point in the EUR/USD. The only other range larger than the only on the right is the left of the trade. Our bias is long! image
- trader.joe replied Feb 21, 2016
Dr. Jack, welcome sir! Been at this game longer than I care to mention and do have some scars to show for it. Financial and emotional. But what doesn't knock you down makes you stronger. Went through many of the indicators that ended up only putting ...
- trader.joe replied Feb 21, 2016
Move long-term top down viewing: The long-term view give us our bias. This is so important for our success! Price on the EUR/USD has been moving side-ways for almost a year. You have to go back 15 years for find price moving side-ways for this long! ...
- trader.joe replied Feb 21, 2016
Hi yonnie, We are just getting started. Never said we would have only traded long from 2002. Have a look at what I wrote again. We don't look at the long-term view to find out what we would have done but what we will do right now! The ...
- trader.joe replied Feb 21, 2016
Looking at EUR/USD. Let's get back to basics. Nothing says basics like a clear, long-term line chart. It's so easy to get caught up in the candles, short-term news and action, talking head analysts etc. Let them talk.... I trust what I see on my ...