- Search Crypto Craft
-
Magic Trader replied Aug 26, 2009S/R levels — For those of you trading off the M5 or M15, I have S/R levels at: .8227, .8233, .8263, .8291, .8315, .8343, .8385, .8407, .8430, .8453, .8473. These levels can be traded for 10-15 pips at a time. Or they can be used to confirm ...
AUD/USD
-
Magic Trader replied Aug 26, 2009I like M5 charts also but TP should be 10 units, 20 max. Whereas M30 charts can have TP of 20 units, 40-50 max.
my trade
-
Magic Trader replied Aug 25, 2009just a few trades recently, the EU. haven't seen a lot of trading opportunities. Keep posting your trades on here. I like reading them!
my trade
-
Magic Trader replied Aug 24, 2009your charts are colorful this week ben! Yes, definitely be bullish on the AUDJPY.
my trade
-
Magic Trader replied Aug 23, 2009Yes Ben, I am unsure of your strategy. Please share with us how you trade the synthetic pairs.
AUD/USD
-
Magic Trader replied Aug 21, 2009EURUSD +10 — Here is another trade I just took for +10 pips. The risk was also 10 pips. Nice action that would have gone for a +18 max. The chart explains reasons for taking the trade.
A study in Support/Resistance levels
-
Magic Trader replied Aug 21, 2009yes, the big spread on the kiwi is tough for scalping. but if you have a good read, play it. i'm out of the market the last day or two, not feeling PA. But I'll study more on the weekend. Good luck Ben!
my trade
-
Magic Trader replied Aug 20, 2009i'm looking at your chart and seeing a poss short bounce from 1.7145
. I've been researching the EU a lot and the AU a bit. The USD pairs seem highly correlated this week. Are you reading chart patterns on the M1? I'm really focusing on the M5 and ...my trade
-
Magic Trader replied Aug 19, 2009Hows the USDCHF trade working out? Hope you were able to average out of it. I took a trade in the EU and got 30p out of that one. it was a tip from wisdomfx. his levels are quite good.
my trade
-
Magic Trader replied Aug 17, 2009.8252 looks like strong resistance. will try shorting if it gets there soon.
I've been following the EU most of today. Same price action on EU, AU, GU today. Follow them and you'll know where the AU is going
maybe!AUD/USD
-
Magic Trader replied Aug 16, 2009Nice one Biz! I'll study it some more. Even if I don't trade strictly off it, I can use it to confirm what I'm seeing on the naked charts. By the way, I assume you would have traded it at the time it was happening? I don't show it in the chart, but ...
A study in Support/Resistance levels
-
Magic Trader replied Aug 16, 2009Second chart — This next chart was from the same timeframe as the other. The tradeable S/R level is the white line. Two things told me this was valid: 1) Along the blue trendline up, PA spiked at A. 2) The two candles directly above "B". The ...
A study in Support/Resistance levels
-
Magic Trader replied Aug 16, 2009Thanks. Can you post some charts if you have time?
A study in Support/Resistance levels
-
Magic Trader replied Aug 16, 2009First chart — When price make a sharp move up or down, as along the blue line down, there are often places where it hesitates before resuming its move. This is exhibited either in opposite-color candles, or long shadows on candlesticks. Later, ...
A study in Support/Resistance levels
-
A study in Support/Resistance levels
Started Aug 16, 2009|Trading Journals|8 replies
I'm starting this thread as a place to study and learn about Support and Resistance levels. My ...
-
Magic Trader replied Aug 16, 2009ready to shake it up this week ben?! it's getting harder to get a read on the AUDUSD. I might try the GU this week. Had really good luck predicting S&R with it last week. Good luck to you!
my trade