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- Cheng replied Jul 22, 2016
First time posting my trades and hopeful to learn from all gurus here Entered EA short just above R78. Long wicks and confluence with bearish AB=CD harmonics pattern image
- Cheng replied Jul 20, 2016
Hi Davit, Why would u want to short near the pivot and not buy the zones around S61 or S78? What makes you have a strong bias that AU will retrace up and come back down again? Is it because of fundamentals? image In fact i bought at S61.. Any ...
- Cheng replied Jul 15, 2016
Opps, here it is. image Okay understood. Pardon me, what is ME/ME? And thanks Davit for your inputs appreciate your insights on Yen. Will read more on fundamentals.
- Cheng replied Jul 15, 2016
Pivot setting help: This is what I see last week. I have changed the broker candle and display start and end lines to false but whenever I open the settings again it's back to square one and the pivot would changed to blue color. Do you guys click ...
- Cheng replied Jul 15, 2016
Hi Davit, I understand you don't trade yen but taking it as an example in the case of a strong trending market would the price ever return to the weekly pivot? Thanks. image
- Cheng replied Jul 9, 2016
The previous yellow pivot was because i reset and reload my pivot file. It looks like this in the picture whenever i tweak the settings... image
- Cheng replied Jul 9, 2016
Hi Davit and everyone, Thanks for the wonderful system. It's amazing how the price respect such levels or areas of support and resistance. However, I have some issues with the pivot setting, I have changed the broker candle and display start and end ...
- Cheng replied Jul 16, 2013
I see price being pumped above the upper 3/4 SR (0.92275) up to 4 to 5 times followed by increased trading above the level. PVSRA = bears
- Cheng replied Jul 3, 2013
I see MMs bull on GJ. Reason being high volume below the 151.5 price level and increasing volume as price is falling on the M1 and M15 charts. Am I right TAH? Thanks for your time.
- Cheng replied Jun 28, 2013
I'm very new too. But TAH let me try to answer this one. The high activities at the lows are probably the MMs stopping the drop by not lowering the price too much. I see candle sticks with long upper wick suggesting strong selling at the top. They ...
- Cheng replied Jun 28, 2013
Hi prof TAH, This is my analysis on the GJ on the M5. Please correct me if I'm wrong. Increased activity above the 151.000 price level. Two candle sticks with a long upper wick indicating the MMs are 'pressing' the price down. Conclusion MMs are ...
- Cheng replied Jun 22, 2013
I agree with followtr, seems like there are increase activities at the lows (below the price 0.9200). Can I say it only makes sense the MMs are starting to build on longs now since the price has fallen so much? However, I noticed 5 tops hitting the ...
- Cheng replied Jun 20, 2013
GU: What exactly are the MMs doing now? Trying to trick people into longs before the USD existing home sales news?
- Cheng replied Jun 17, 2013
Thanks for the reply. I wish I could read charts like how you read them. What if there are increased activity both at the lows and highs? in this case should i use a different TF to analyse? or should i zoom out of the chart to look at the bigger ...
- Cheng replied Jun 16, 2013
Hi Prof TAH, I'm just practicing to read charts. The chart below has the following signs: 1. Increasing volume of trades with decreasing price (does it mean MM are bears? Since they are preferring lower price) 2. Increasing volume when price hit the ...
- Cheng replied Jun 12, 2013
Hi all gurus, Currently I have 3 losing positions still open, two on GU and one on EU. And I am down 50% on my draw down. My questions are, should I have put stop loss of 100 pips instead of just adding position without SL while the trade is still ...
- Cheng replied Jun 11, 2013
Thanks for the reply steve. I'm still very new to the analysis. So I was pretty unsure if the MMs have started their run for profit. Looks like they are indeed taking profits now. But I have already closed my trade..
- Cheng replied Jun 11, 2013
GJ starting their run for profit?
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