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- Dra replied Oct 15, 2008
Nice charts. Alot of possibilities/trades this week. Seems the market is back in order. Hope yall catching its every move.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 10, 2008
Its been a great week trading FX, most will say it was overdue due to the happenings over the past couple of weeks. The markets started out slow but by Wednesday it picked up giving several entries. Have a great weekend all. PS: Theres a G7 meeting ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 9, 2008
USDCHF - Crown — I'm anticipating a reversal on usdchf. The 4H chart posted below showing a crown. Also the TL is broken and tested. My entry shown on the 1H was typical of trading the break of a TL.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 9, 2008
It was, it started out slow but the last couple a days were great.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 9, 2008
Correct. Could be closer but they will appear like this at times.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 9, 2008
Gartley — Base on my knowledge of Gartleys I wouldn't agree with Mike's post. Thats not a gartley in my book.(I could be wrong). I have Gartley as a fibs and TL based pattern. A gartley is formed at a point where a Fib extension say from a ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 8, 2008
eurchf — Below is a trade on the eurchf, typical bounce then entry after formation.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 8, 2008
usdcad — The first chart below(usdcad) showing a weekly TL that has been broken and tested then gives an entry after the EBl formed. So now our bias would be bullish on the 4H/1H. The following chart showing an entry on the 4H(EBl). The 3rd ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 8, 2008
EURGBP — The chart below showing the market breaking then testing the down TL, then gives on entry after the EBl formed. Please note that it wouldnt be a valid entry if the previous low was higher the last low(the level where it bounce). The ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 8, 2008
The TL on your chart showing a break above which is incorrect, thats because it should be at the high of the candle it passes thru.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 7, 2008
As you state the answer is in the thread. That market moves in patterns at times thats why we trade patterns. Trading patterns are just as good as trading at the TL. Also a bounce off a TL is just one criteria, not "all you really need as ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 7, 2008
Thanks. You remember, guess you still have my chart.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 7, 2008
Correct. The yellow TL is still valid because its not yet been broken(read the thread for info regarding TLs break).
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 6, 2008
euraud — Posted below is an entry on the euraud that went for over 1500pips. Buying the EBl on the bounce of the TL.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 6, 2008
You did the right thing by staying away because the weekly TL was in sight. Even tho your short would have worked out the probability of the trade was low. At times these will work out but you will get burned alot.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 6, 2008
You avoid those by staying away. Reason is the up TL that was previously broken is now resistance and also the down TL is support. So this is confusing because we have no clear direction of where the market will go. What you need to here is wait ...
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 6, 2008
Good post, that should make things clearer for those who refuse to read the thread from the start and understand TLs.
A,B,C,D - 1,2,3,4 System
- Dra replied Oct 5, 2008
Quite a few "interesting" post here. Good to see you guys doing well.
Powerful Fib Based System - by DAZfx