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- Custos replied Dec 9, 2009
you for sure can do that, but I would suggest you to take off some of your position when you reach the original retracement trendline. Cause there is no guarantee that it will go through. Best is always to take off some when you reach a potential ...
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- Custos replied Dec 9, 2009
oh, okay, now I see it. well, I personally don't like when my S/R levels get breached a lot recently. For me that means that they might lose significance. But that's personal risk preference I guess. I think eur/usd has a little bit of a better S/R ...
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- Custos replied Dec 9, 2009
Can you please tell me, where you find a good S/R level for audusd H1?
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- Custos replied Dec 7, 2009
I think at the start of the asian session we are gonna see the jpy pairs moving. So, I would especially pay attention to those pairs at that time.
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- Custos replied Dec 7, 2009
I see it the same way, most yen pairs are breaching their H1 up-trendline right now potentially changing the trend, but gonna wait till the MA's line up for entries to the short side.
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- Custos replied Dec 7, 2009
Cadjpy setup — I think cadjpy H1 is setting up for a long trade, just broke my retracement trendline, and enough room to next Resistance level. Waiting for bpc now. best regards
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- Custos replied Dec 7, 2009
hm, I would say that they are quite similar. However the learnforexlive course is maybe a little bit more advanced, since it also incorporates candle stick patterns and counter trend trades. best regards
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- Custos replied Dec 7, 2009
nzdjpy entry — This was a little bit of an advanced setup. First chart (D1) showing the overall picture with the blue trendline pointing down and price banging against that trendline. Second chart (H1) we see that the green trendeline was ...
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- Custos replied Dec 6, 2009
I agree, most jpy crosses are now sitting at the resistance levels. I think it's gonna push through or bounce off those levels in the next few days.
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- Custos replied Dec 6, 2009
Hi Brixton, yes, that's correct. in general, you want to see a breakout of the retracement trendline, then a pullback back to retracement trendline (to test it as support), and then a break above the high of the breakout bar (which is then your ...
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- Custos replied Dec 6, 2009
ah, sorry, haha, I confused adr with ATR, since you talk about adr, it's probably always applied on the daily
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- Custos replied Dec 6, 2009
Hi NightMoves, As far as the ADR is concerned, do you place your target according to the setup chart's ADR, or is it always the daily ADR? best regards
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- Custos replied Dec 6, 2009
Hi Brixton, you should have entered once price broke above the area you circled ("price breaks out of retracement"). best regards
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- Custos replied Dec 5, 2009
Hi NightMoves, thanks for the info, makes perfect sense. I also think that the ADR is quite key for TP levels. I actually sometimes also use trailing stops, which my broker allows me to use. best regards
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- Custos replied Dec 5, 2009
Hi NightMoves, so, if I may ask, can you shed some light on which techniques you added to his system? best regards
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- Custos replied Dec 4, 2009
Hi NM, From what I see, almost all jpy crosses hit a resistance now on higher time-frames. At least for me taking any yen long trade on the H1 or lower is far too risky until we clear the resistance area. Attached is the chjpy H4 with the possible ...
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- Custos replied Dec 3, 2009
Thanks for the welcome, and thanks for the hint about the resistance level. I was planning on cutting my profit target short, and only gonna get in, if the bpc allows me to have a 1:1.5 risk reward ratio for that trade. cheers
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- Custos replied Dec 3, 2009
AUDNZD H4 — Hi, as you can see on my post count, I normally just read through the threads and don't post on this forum. However, since I also use hector's method as my main method of trading (with slight variations), and this is the first ...
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