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- Dra replied Oct 2, 2008
Posted below are two trades taken this week. Both break the down TL, retest then gives the CF entry. The cadjpy was good for 1:1.5 r/r. The stop of the gbpjpy was 200 pips it moves 200 pips in profit then retrace and stops out. Overall its been a ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 30, 2008
Welcome to the thread. Its good that you find it useful. Yes we have a trading room, I will PM you the details.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 30, 2008
Yes I was in the NU trade I was also stopped out. It was a good entry. My entry posted below.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 30, 2008
Yes it is. Theres also an Evening Star on that chart.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 30, 2008
Tweezers are candles/dojis with small body and long wick, the length of the wick should be a minimum 60% of the body. On the previously posted gbpaud chart you will see tweezer tops and on the the chart posted below you will see tweezer bottoms. ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 30, 2008
gbpaud — Posted below is a trade we took from the 1H TF on gbpaud, the first chart(4H) showing the test of the up TL so the expectation was a crown formation, then on the 1H we saw those tweezer tops which validates our entry.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 29, 2008
audchf — Posted below is a setup of audchf which was a "text book" entry. Test of the down TL then a perfect evening star formation. Entry after the close of the ES.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 29, 2008
The market gave a good "head start" for the week, up to 6 possible trades today from the system, all were for major pip gains. The euraud gave the biggest gain for 400+. The trends are back into place after sideways movements/consolidation marred ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 29, 2008
Yes its valid if the trend line is correct/drawn properly.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 26, 2008
A slow week for trading it has been, looking forward to the week ahead. Have a good weekend all.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 25, 2008
The charts has been really testing this week to see how patient one can be. Theres isnt any clear direction on most pairs because they are consolidating, when this happen sit back and relax until the market starts making higher highs/lower lows. Or ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 23, 2008
There is/was an EBr on the 1H(7 bars ago). Theres no entry on the 4H as the tweezer tops didnt form.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 23, 2008
Good analysis, thats also a crown forming. I like it myself BUT the stop is 200+ pips. If you are going to enter wait until the candle close as tweezers, you dont want to get in early and then the formation change.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 23, 2008
On the weekly chart its showing tweezer bottoms on the up TL, also it break the 4H downtrend TL. At the moment its choppy, my bias is Long so I'm staying away until I see clear confirmation to go Long.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 22, 2008
Posted below are two trades we took today, the first showing gbpaud breaking the trendline then retest and forms a Ebr giving us confirmation to enter. The next showing audchf pulls back from the TL also forming a EBr, this was also at a fib ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 22, 2008
I like your analysis, good job man. Also the part about sitting out and waiting is great, I like a trader who is patient.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 20, 2008
The Week Ahead — I'm seeing a possible trend reversal on most of the pairs for the week ahead. Check your weekly/monthly charts and you will see that most are showing reversal formations at the long term TLs. So trading the long term ...
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 19, 2008
This was an average week trading FX, I see where most pairs are reversing/correcting, especially the majors bouncing off Long Term TLs. As yall know the trend is our friend. Have a good weekend all.
A,B,C,D - 1,2,3,4 System
- Dra replied Sep 18, 2008
Actually I entered this morning on the 1H after the first test on a Morning Star. Nice insight.
A,B,C,D - 1,2,3,4 System