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Arfer Daily replied Apr 22, 2010It really blasted through today but looks like it could be retracing a bit now. I may consider taking a long if the 4 hour shows very clear price action when it meets that trendline again but to play the break of the top of the breakout is too much ...
Silent Service Method
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Arfer Daily replied Apr 22, 2010Here's the weekly chart, similar in a way to usdjpy. The long term trend is down. The intermediate term trend is up. When it's reached the longer term trendline the upwards momentum hasn't been checked, it's showing signs of carrying on. To trade it ...
Silent Service Method
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Arfer Daily replied Apr 22, 2010Usdchf is breaking a weekly trendline upwards. I'm keeping an eye on the 4 hour chart. The only thing is that there is resistance not far away at 1.09 which means it may only grab 150 or so pips but the risk should be pretty small. I think it's ...
Silent Service Method
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Arfer Daily replied Apr 21, 2010It's simple. All you have to do is hold the bells. They'll drop in after the cherry sequence. (did the fast show make it that far?) video
Silent Service Method
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Arfer Daily replied Apr 21, 2010That's an interesting chart considering that gbpusd is about to meet resistance at 1.55.
Silent Service Method
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Arfer Daily replied Apr 21, 2010There are two ways of looking at this I suppose. I know I have trailed some stops way too closely in the last month but then I've had plenty of trades that have reversed and I'm glad I did trail the stop more quickly. It's about striking a balance I ...
Silent Service Method
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Arfer Daily replied Apr 21, 2010I've got a few more lines on this one! That longer weekly trendline definitely acted as support for a while but that one has been broken. That next one could be the bitch but I'll be at break even by the time it reaches anyway. My concern with this ...
Silent Service Method
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Arfer Daily replied Apr 20, 2010Chris (or anyone), gft are advertising they carry "more than 120 pairs". Is there any advantage to trading with this many pairs? I've got 25 setup on my metatrader (I don't trade eurchf). I can see that you MAY get more opportunities to trade but ...
Silent Service Method
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Arfer Daily replied Apr 20, 2010The best thing you can do is to learn a few patterns like this "ross hook" which is just a standard reversal pattern to anyone else. The trendline break is a classic pattern (best traded on the 4 hour chart), break, retest the underside of the ...
Silent Service Method
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Arfer Daily replied Apr 19, 2010Audusd looking like a no go. Maybe a buy opportunity from support? Any thoughts? Usdjpy looks like a possible buy and euraud a short?
Silent Service Method
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Arfer Daily replied Apr 19, 2010"Hope mode" has some negative conotations though! I like these trendline breakouts because you can set your trade in place and if it doesn't trigger there's no loss. My chfjpy stopped out for +50 pips, I may have trailed it too aggressively? I put a ...
Silent Service Method
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Arfer Daily replied Apr 19, 2010Nice trades. This'll go either one way or the other and if it goes our way hopefully it'll be a move with force.
Silent Service Method
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Arfer Daily replied Apr 19, 2010Here's the audusd trendline break. Broke, retested, if it breaks lower it should go a fair way down. Chfjpy floating around 95 pips up.
Silent Service Method
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Arfer Daily replied Apr 19, 2010All this would tie in with the big drop in the aud.
Silent Service Method
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Arfer Daily replied Apr 19, 2010Euraud, audusd and audnzd breaking their trendlines perhaps? Audusd may be the most tradeable with the lowest spread too. I'll keep an eye on it. Is 90 the most obvious level for a bounce on usdjpy? Chfjpy at break even now with the trade currently ...
Silent Service Method
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Arfer Daily replied Apr 18, 2010Good to know the person behind the posts. I'm just glad I found this thread way before 6 years into my trading career! I hope you get the indicators set up as you want them. Like you say they would be useful for your style of trading and suit your ...
Silent Service Method
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Arfer Daily replied Apr 17, 2010Don't think I'm being negative but why bother? Surely you can spot a pin bar or any other candle shape with just one glance at the chart? I've drawn the s/r from the weekly chart, trendlines on the weekly/daily and refined on the daily and 4h and a ...
Silent Service Method
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Arfer Daily replied Apr 16, 2010Put a trendline on that move up and 44 looks like a candidate for a long? (I just had a laugh at an ad on the sidebar... Execution matters... Yeah right, a tick here or there will kill me)
Silent Service Method