Dup

Mastering the Art of Trading

Hope this thread isn't dying Some nice set ups today on the USDCHF and EURNZD daily charts

Mastering the Art of Trading

Nice Jim. I will trade smaller swings than that as long as they have the nice V shape and particularly if they are in the direction of the trend. In fact I find those set ups to be highly effective but unfortunately relatively rare

Fail Better

I would wait for the higher line ad I don't like the way price meandered up t that level previously I know it didn't make it up to the level but it looks to me like to wants to break it and is the 3rd time back now

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Yes it was thanks mate Regarding the EURUSD post above, the SFP would be sweet but Eurotrash is right about it being resistance last, so the RR isnt valid

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The problem is that the level isnt good enough for a rounded retest entry sadly..

Fail Better

Awesome analysis, way too much for my little brain to handle though lol When you said 'did you see the news', what was it specifically you were referring to as there were huge moves on loads of pairs overnight

Fail Better

This obv looks super nice but I think Tom would say that it is now the 4th time back so there is a good chance there wont be enough orders left and the level will be broken.

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hell yeah

Fail Better

If you mean the level at 4419 then I have orders set for that, it has all the right characteristics 3 clean bounces lines up with 61.8 perfectly obvious stop point (I usually put it behind the little pocket prior to the breakout rather than the ...

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Im in it as we speak think its gonna be a looong trade lol

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With the UC if I was going to trade it I would prob put the stop where the red line is so it is 'protected' by the little swing low image

Fail Better

Good work on the thread im with you on that one! Im not sure what to do when the stop is like that so I just move on to the next one. The EURAUD is so sweet in comparison thats what I look for and do my best to ignore the 95% good ones. I feel like ...

Fail Better

Yes sure I will do some when I get home from work. I hope you didn't think I was being out of line with that comment. The level to me just seems all over the shop and when you compare it to the EURAUD you just posted it is a totally different game ...

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This one seem sway better but the stop size sucks

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Sorry to say but this was def a very poor level

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This isnt a valid trade imo because of the way price didnt respect the level before the breakout. See how it spiked through and then came back down again, im 99.9% that makes it a no trade sadly..

Fail Better

This triggered for me on Friday, you in as well?

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Look at the way it took out that low for the 2nd time before going parabolic, textbook!

Fail Better

It depends on your average R/R and hit rate. Even a low (ish) hit rate can be ok with good R/R and if you have an edge, then the more trades the better regardless of weather is comes through a high hit rate or bigger R/R. It is finding and ...

james16 Chart Thread