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- tmoney5474 replied Oct 31, 2012
Nailed it! Great trade guys! I hate to say it or even care, but I really wish more people would get involved with this thread and I wish more people would vote. But, thats just my ego talking again. Hopefully some of your are learning a few things ...
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- tmoney5474 replied Oct 30, 2012
Yep, 1.5005 looks like a good area also because we got some supply in that area. you can wait for the shift area if you want so the stop isnt so wide. I like the 5040-5050 area to hold. A little rally should help our gbpusd position also.
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- tmoney5474 replied Oct 30, 2012
On the GBPCHF we never officailly got a trade because price didnt retrace back to the "trend shift" or a supply zone. EURGBP was close enough to Demand and did retrace somewhat back to the shift area. I was confident enough in calling it as a valid ...
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- tmoney5474 replied Oct 30, 2012
GBPUSD hit 1H supply at around 1.6080. This pullback might go down to around 1.6050 or so.
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- tmoney5474 replied Oct 30, 2012
I use 10, 0. The reason is becasue I want to catch all true swing highs and lows. Remember, its trend 101. Higher Highs, lower lows. The indicator isnt perfect but its good. I use my eyes to spot trend reversals also but the indicator with those ...
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- tmoney5474 replied Oct 29, 2012
GBPCHF setting up for a short. Look to short 1.5030, SL 1.5070, TP 1.4950.
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- tmoney5474 replied Oct 29, 2012
If your wondering what a perfect trade setup looks like, take a look at the picture. Daily uptrend, under the mid line, big move after the "trend shift" and a strong move back into the trend shift right into demand! I LOVE IT! Long GBPUSD1.6035, SL ...
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- tmoney5474 replied Oct 28, 2012
NZDJPY channel did shift higher at the open. Its no longer a valid trade because its above the Midline. Mine looks like yours now. It looks like your GBPUSD chart is showing the 4H channel. Change the timeframe of the channel to 1440 with 240 bars.
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- tmoney5474 replied Oct 28, 2012
GBPUSD looking to set up! Look to buy at 1.6035, SL 1.5935 (really wide but hopefully we can get a higher pivot to raise the SL), TP 1.6135. NZDJPY - Long at open 65.45, SL 64.60, TP 66.30
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- tmoney5474 replied Oct 26, 2012
I want to make clear that the 50% retrace entry is based on a 50% retrace of pivot -3... not 1-3. If we get a 50% retrace of 1-3 a lot of times that indicates the trend was broken with a close lower or higher then pivot 2. So again, its a 50% ...
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- tmoney5474 replied Oct 26, 2012
Thanks for the kind words Imagine. I speak with a lot of traders each day, some extremely successful and some not so successful. The one thing I always go back to is trading is "Art - Not Science". So the answer to your questions is. All of the ...
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- tmoney5474 replied Oct 23, 2012
Example of NZDJPY at demand with daily uptrend and 4H zigzag uptrend. Perfect trade. Long at 64.75, SL 64.50, TP 65.30.
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- tmoney5474 replied Oct 23, 2012
For example, EURUSD, in a daily downtrend, trading above daily channel mid line (in downtrend) and just confirmed a 4H zigzag downtrend. Now waiting on a pull back to 1.3010 to trigger a short with a stop of 1.3085 and profit of 1.2905. take a look ...
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- tmoney5474 replied Oct 23, 2012
Your right ART! And the breakout is only 1 of the 3 entries I use. I prefer entry #2. The confirmation of the "trend shift" forms solid supply and demand levels a lot of the time (not always), thus, it increases the chance of success on each trade. ...
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- tmoney5474 replied Oct 23, 2012
It's really not all that important... Its just an ego thing you know. I hate to say it but I still have one unfortunately. But, really it doesnt really matter. Trust me. I hob nob with some of the best traders in the world DAILY. I've made and LOST ...
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