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- Gerry replied Jan 15, 2013
Hi C-12, Sorry to hear you had a tough lesson. I've been reading some of your stuff and know you're a good trader. You've probably done this calculation... if you make 1% per day, starting with $5K equity, and you compound daily (micro account), for ...
GLJ
- Gerry replied Jan 14, 2013
You are right about 3231. I'll use charts next time. Thanks.
Looking at SD on 5 min charts
- Gerry replied Jan 14, 2013
GL, on the first trade, do I understand that you sold at second line, went into negative, then closed when it returned to BE. Then you entered the same trade at the same level again? And second one was 10 pip winner.
The 5 minute TF S&R trading system
- Gerry replied Jan 14, 2013
I appreciate your input Rolland. I am trying to see the bigger levels on the bigger timeframes and trade with the long or medium term trend, but finetune the entries on the 5 - 30 min. I particularly like it when a smaller timeframe like the 15 or ...
Looking at SD on 5 min charts
- Gerry replied Jan 14, 2013
I think I understand. Please confirm that I'm applying the above correctly here: EUR Daily shows me uptrend, supply near 1.3406, from where one could expect a pullback, potentially to 1.3231 - or see 1H demand below. 1H shows short downtrend in ...
Looking at SD on 5 min charts
- Gerry replied Jan 14, 2013
PS: Thanks for the great the series of charts you posted on Friday. Some people thought a train had hit them and others were waiting for it to pass. I have one or two questions around how to handle significant levels like that, on both sides of the ...
Looking at SD on 5 min charts
- Gerry replied Jan 14, 2013
Hi, Please can you help with this query? I have looked at a particular demand level on EUR on 5min, 15min and 30min (approx. 1.3265). I can see the level on all three time frames. It's even present to a lesser extent on the 1H. My question is this: ...
Looking at SD on 5 min charts
- Gerry replied Jan 9, 2013
Hi good Lookin, I've been working through the material you suggested. I see different people looking at different timeframes, which makes sense, but I wanted to ask this: assuming one is trading on 5 min and 15 min SD levels, how far back should one ...
Looking at SD on 5 min charts
- Gerry replied Jan 8, 2013
Okay, thank you. I see what you mean about the non-fresh zones. With the 3rd one I had an order deeper into the zone, so that triggered after the reaction, resulting in a loss. I'll stop trading for a few days and just do some more reading. Chat ...
Looking at SD on 5 min charts
- Gerry replied Jan 7, 2013
Hi Good Lookin, I wanted to give you an idea of what I know in case you can spot major gaps in my knowledge. I am still in early days with SD and will continue the education process. I’ll post charts for commentary by you and that will hopefully ...
Looking at SD on 5 min charts
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Looking at SD on 5 min charts
Started Jan 7, 2013|Trading Discussion|21 repliesHi, I've created this thread in order to continue asking questions around SD, mainly on the 5 ...
- Gerry replied Jan 4, 2013
Snail, you're incorrigible
you said good-bye ages ago! I hope you all have a good weekend. Thanks for help todayThe 5 minute TF S&R trading system
- Gerry replied Jan 4, 2013
yep, thanks. I agree (now I get it)... there must be room for movement to target, else no trade. The basic charts that other people supplied earlier had 123 the wrong way round, so I was just trying to guide that on the charts they supplied... I ...
The 5 minute TF S&R trading system
- Gerry replied Jan 4, 2013
Hi forhisglory, Actually I never even looked at the 'reality' of it. I was just trying to correct the original chart (about 3 charts ago) that I thought were all wrong... but maybe I'm wrong... I'm going to do the same below for Hycel. Anyone ...
The 5 minute TF S&R trading system
- Gerry replied Jan 4, 2013
Only saw this now... A new high was formed, indicating reversal to uptrend. Excuse my art.
The 5 minute TF S&R trading system
- Gerry replied Jan 4, 2013
Thank you, think I got it. So, look out for previous resistance turning into support or v/v that will interfere with target. That makes sense, thanks. Another question around this please, do you only look at the immediate previous ...The 5 minute TF S&R trading system