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- Dra replied Sep 4, 2008
If you should draw an Inner TL you would see that it match out requirements. The inner TL(not shown on my chart) was broken, test and forms the crown. The Long term TL which is bullish is a good distance away, so trading the crown here was a high ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 4, 2008
eurusd — Here was an entry on the EU, hope yall catch it. I see i'm missing out on alot of good moves today but rules are set to follow. I wont break my own rules.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 4, 2008
Possible setups. — Posted below are the possible entries that i'm seeing on my charts. I'm finish trading for the week so i wont be entering any of these. First one is euraud forming a Crown, next is usdchf seems to be forming an EBl at the TL ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
Correct, entry after a valid candle formation. The chart below shows the candles formations.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
Adding Lots — Audcad went in the direction of the trade as expected then retrace to the TL giving another entry. Whenever this happens you add addition lots to the trade.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
Lol. you and those weird pairs. doesnt matter anyway, a chart is a chart.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
The trendlines confirms the trend. No indicator is necessary, draw all TLs and i'm sure you will eventually see the current trend.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
Its a morning star yes, but remember we only trade in the direction of the trend. So thats not a valid entry for this style of trading.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
Stop Loss — The usdjpy is a good example of why I dont use a "set" SL. All those who entered this trade yesterday, I know you were a bit worried seeing the market retracing above your entry. What it was doing is testing the previous high, ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
Thats an evening star on your chart. An evening/morning star can have more than 3 candles, the two at the ends are the deciding bars. The candle to the right must be 60% or more of the length of the candle to the left.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
Lol. Kool. It's not the chief, add "ef" to your name and you would be the "chief".(lol) I'm watching 22 pairs.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 3, 2008
I think its called an IB-inside bar. In fact thats what it is.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 2, 2008
Whenever I'm awake. (lol) Thats it, I trade anytime of the day I get a valid formation. I trade what I see so the time doesn't matter. I wont be trading after London close on Thursday until Monday. You all know why.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 2, 2008
To the left sorry and yes the audcad was a valid entry.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 2, 2008
Only trade of the day — Well nothing much happen on my charts today. Posted is my first trade for the day(eastern) on audcad. Chart below. Break, test TL then forms EBr.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 2, 2008
What formation you entered on? I'm not seeing any, did you enter on the 1H?
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 2, 2008
Lol. Yea an evening star maybe, I was just discussing it with a friend. My chart showing a possible EBr, different 4H bars a guest.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 2, 2008
Lol. I like the spirit, trade all things that are tradable, its possible with this style of trading, they all are just charts.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 2, 2008
I like the entry in that it test the TL and pulls back, but sorry to say thats not an evening star. The white candle had to be 60% or more the length of the bull candle that forms the "star". In a morning or evening the star the final candle has to ...
A,B,C,D - 1,2,3,4 System