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- Dra replied Dec 16, 2009
This thread will be locked. — I will be asking the admins to close this thread. I hope it did bring some amount of success to all those who were a member or a passer by and that you continue to do well. Any questions/queries anyone might have ...
A,B,C,D - 1,2,3,4 System
- Dra replied Nov 8, 2009
Thats not my trade journal Mike, its just another site where I share a trade or two per week.
A,B,C,D - 1,2,3,4 System
- Dra replied Nov 1, 2009
Its pretty much the same. However you will notice that there's a number of reversal candle patterns on the charts (eg. pin bars), you can use the ones you find to work over time.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 31, 2009
The amount of positions you trade concurrently is solely up to you/your MM rules. However, over trading and bad MM practices can be disastrous. Yes I hold positions for days/weeks.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 31, 2009
They could also be drawn on the 4H, theres no other TL on both charts.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 29, 2009
Two good entries but your charts are a bit off. None of those lines are trend lines. The fibs are valid but thats not how we identify the C. Theres has to be a wave before a TL is drawn. What happened on both charts was a bounce off the back side of ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 29, 2009
Welcome and all the best in your trading. Your chart looks ok except for that the down trend line is invalid, theres no established low on the swing down, you have to wait until the market waves before you draw a TL.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 28, 2009
Yes Shand thats the candle with the arrow above. The market already dip below that down trend line you speak of. Yes I would have taken it if I was looking for a pull back at the 382, thats why I see it as a better fill to the 4H but I was looking ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 27, 2009
Maybe if you had taken a look at the daily you wouldnt go long there. The wave up on the daily is now complete shown at the fib. extension, so its possible we might have a reversal. Also we have a double top formation at a level where past support ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 27, 2009
GU — Shand on the GU post, if you were planning on using the 382, a better fill was on the 1H. It was also a Gartley pattern.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 27, 2009
Good post Shand however by drawing the fibs from the higher swing the extension target would be incorrect. We would draw the two fibs if trading fib convergence but the extension target would be that of the last swing.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 27, 2009
Your fibs are ok. nice trade, 1H had also had a good one earlier.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 24, 2009
Yes it is, I dont have much time to post these days but if you any queries just post it and I'm sure at some point me or any other trader of the method will respond to you.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 5, 2009
Guess you miss the 1H entry last night.A nice break and test of a 1H trend line. The huge ES formed last week is sign that it might trend lower
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 22, 2009
No I dont, you will see that I stated the entry was from the tweezers on the 1H. I'm just pointing out that basically any time frame can have an entry once the other requirements are in place.
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 22, 2009
Gbpchf Long* — Similar to GU Gchf was showing bullish sign on the daily. Bullish engulfing formation above the trend line at fib. number. So I had a long bias as well. image After the formation I draw counter TL on lower time frame/4H, ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 22, 2009
Eurcad Short — The daily chart is showing a break of the up trend line and also it shows a current down trend line, we are both south of the down TL and the up TL, this gives us a short bias. Daily chart forms tweezer bottoms at the 38.2 fib. ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 22, 2009
Another EU Long — On the EU 4H we had a counter trend line that was broken and tested which gave another entry at the fib.s 38.2. Remember our bias is long all the way so these were good set ups after the daily confirms the direction. image ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 22, 2009
Eurusd Long — Similar to GU on EU we had engulfing bullish formation at the up trend line and at fib. 78.6 as show in the 1st chart below. image image As soon as it form we start thinking long. This was a comfortable stop however we could ...
A,B,C,D - 1,2,3,4 System
- Dra replied Aug 22, 2009
Another GU entry — The market then gave another entry from the 1h chart. It retrace to test the 1H up trend line at the fib 78.6 and formed a bullish engulfing candle. The arrows on the chart below shows the two GU entries respectively. The ...
A,B,C,D - 1,2,3,4 System