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Shermenator replied Nov 27, 2008Yea my friend...its been a bitt sideways today ....so what I did was take a long from the 4 hour chart and made some pips...but now I am done with that and even zooming out to the daily to ignore all the noise in small timeframes and shoot in the ...
Cable Update (GBPUSD)
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Shermenator replied Nov 27, 2008GbpUsd — GBPUSD.....A break of yesterdays low should give a nce short apportunity back to support levels...Its a preety high probabilty trade....remeber we might have waves up in the smaller tmeframes before reaching into the support levels so ...
Fibonacci Trading with Bobokus
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Shermenator replied Nov 27, 2008GBPUSD.....A break of yesterdays low should give a nce short apportunity back to support levels...Its a preety high probabilty trade....remeber we might have waves up in the smaller tmeframes before reaching into the support levels so most likely ...
Cable Update (GBPUSD)
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Shermenator replied Nov 24, 2008USDCAD — Alright here is my order wish me luck... Buy limit at 1.2450 Stop 1.2425 (20 pips pluss pread) Limit 1.2510 Once in profit 20 pips I move stop to break even.... Then once in profit 40 pips I move stop to secure 20 pips.... Then It ...
No Brainer Trades
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Shermenator replied Nov 24, 2008USDCAD — Here is a good setup coming up very soon... image
No Brainer Trades
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Shermenator replied Nov 21, 2008Here is another short I have a sell limit looking for 60 ... image
No Brainer Trades
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Shermenator replied Nov 21, 2008[quote=libb;2366742]Attachment doesn't work sherm.... EDIT, never mind. Thanks
[/q cool...Rmeber try and take only the best setups and you will do great....I only take 2-3 setups a week since that all I find myself putting my money into ....but ...No Brainer Trades
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Shermenator replied Nov 21, 2008This is one of my few hunts for the night.... GBPUSD shot at 1.4899..... My stop is 20 pips and my target is 60 pips.... image Very nice tears of resistance ....we have a nice 61.8 fibb being the white fibb long and we have the 38.2 fibb of the 4 ...
No Brainer Trades
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Shermenator replied Nov 20, 2008Try and stay away from your charts at this time of the day...the volume decreases and your odds decreases ....trade when the stakes are high if your going to trade intraday charts being the 1 hour timeframe....let the market come to you not the ...
Fibonacci Trading with Bobokus
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Shermenator replied Nov 20, 2008Bud i came from the perspective that if the S/R looks questionable it might be because the level is not clear enough and not perceived as important from the majority. So if there's uncertainty about the level it might be because the level really is ...
No Brainer Trades
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Shermenator replied Nov 20, 2008Yep I do agree with you in the fact of different timeframes... Every time the market moves its reacting to a fibb of such...I trade many timeframes but something must occur in the smaller timeframes to confirm the movement ...for example I will show ...
No Brainer Trades
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Shermenator replied Nov 20, 2008Their is no true definition to this ....a 1 hour fibb is a longterm fibb for a 15 min chart trader...a longerterm fibb is based around the idea of time consumption ,the longer the fibb takes to be created the longer it is and the more power it holds ...
No Brainer Trades
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Shermenator replied Nov 20, 2008to many swings have taken place after that meaning mostly many traders have removed their attention from it...meaning that less limit orders are there....second simply because you are asking the question on it that means it should not be traded. If ...
No Brainer Trades
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Shermenator replied Nov 20, 2008Taking a break of a low or a high is never so safe....the reasons why is because after a move down like this price might still be trying to find a bottom...meaning that move down was still part of a whole...even if it collapeses you need to remeber ...
Fibonacci Trading with Bobokus
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Shermenator replied Nov 19, 2008lol your doing this from school lol......and yea measure the whole move on the daily chart....hit me up on skype when your back on
Fibonacci Trading with Bobokus
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Shermenator replied Nov 19, 2008Well preety much I only trade 3 pairs ....since I dont like jumping around currency to currency since I will create setups that dont excist. I let the trades to come to me.... Alright in the eurgbp....this are the only 2 levels I would conside ...
No Brainer Trades
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Shermenator replied Nov 19, 2008Also prie is coming from making a series of lowerlows...meaning lower probabilty when attempting to take longs at the moment....so you might whant to step aside and only look at that levels as resistance if price makes a run down
No Brainer Trades
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Shermenator replied Nov 19, 2008Based on the picture the attempt at support was already taken ...you missed trade already....I place limit orders at the main levels...this is amazing system with very high hit rate....if anything your probably building up sell stops below this level ...
No Brainer Trades
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Shermenator replied Nov 19, 2008That support has no build up...it has not been tested twice yet....no enough attention has been build around it
No Brainer Trades
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Shermenator replied Nov 19, 2008Yea my friend I took a short before the explosion up took place in gbpusd....I had a sell limit at 5088 and got out with 60 pips ....after that I whent to sleep lol
Fibonacci Trading with Bobokus