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The Touch Trader Method

Buddy, Just open a monthly chart. Draw a line on high/low of just 2 months. Then drop down TF,you will see the price definitely bounces off of them. Or just draw the high/low of previous moth you will see when price reached there it bounced. If a ...

The Touch Trader Method

You are dead set Jmag. That was a good trade. I will take profit quickly on a counter-trend trade. They usually get exhausted at first S/R. While with the trend trade exit at second most important level. It all depends on your appetite i like good ...

The Touch Trader Method

You must have a monthly or weekly S/R to make it a great trade Jmag. I will usually see. A great area of S/R or PPZ. Two or three,atleast two fib on a single point. A MA. A Trendline. And voila a great trade. Regards Taz

The Touch Trader Method

Sentinel, I think your charts are great,the only reason this style of trading did not work out with you in the past was, i guess impatience and improper MM. Your right it is a good spot i saw the weekly chart it is a visible swing low. If i saw more ...

The Touch Trader Method

Hey G, You got the idea of confluence well enough. But let me tell you,the Trendline is good,but you should take Fibs from daily chart,that is 4 hr chart right,and take a bigger swing your probabilities will get enhanced. Use Weekly chart Use ...

The Touch Trader Method

No Problem bud, Those biggies will come to you. Hope to see more charts from your side. Regards Taz

The Touch Trader Method

If, i or you take any trade at a great location there is very less chance it will turn against me. If i set my trade and forget it,i will be better off,because sitting wont move the market in my favor in fact i will screw the trade if i feel ...

The Touch Trader Method

[quote=sentinel777;4186519] Hey Sentinel, I don't trade monday's so no trades today. The reply to all the responses is as below. I saw in your charts that you were actually trying to run every trade in the past,i believe you don't do it now and is a ...

The Touch Trader Method

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james16 Chart Thread

I think after many attempts to push price up,people were dejected and took profit,you can clearly see the many spikes at the top. Great Chart D image

james16 Chart Thread

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The Touch Trader Method

Hey Guys look what i found. 2 Confluences of Weekly PPZ and 38.2 of big Swing. Yes we have 150 EMA right at the top. Do we get a PA here i don't think so,this is Point type confluence. I will update about this later,let me contemplate this. Regards ...

The Touch Trader Method

People why don't you post potential touch trades here. Lets discuss the best one. And lets test them in front of all the people of forexfactory and tell them what a well defined trade is. By testing i mean we people test that trade what you think is ...

The Touch Trader Method

Hello newyear, Welcome to my thread. Any strong PPZ is a strong PPZ and will make a price bounce. As i already said a touch trade is a touch trade where you place your order and there is no pullback in towards your stop loss. So i don't think we ...

The Touch Trader Method

Great Stuff Dan, You nailed it bro. This is one of my favorite trades,we have a cause. A trend(mini) on 4 hr,price retraces and we have confuence. That was 50 % retrace and PPZ and some TLs too. And the kabboom what was your profit. A Quick one or ...

The Touch Trader Method

Hey Sentinel, You have got a very nice blog there. As i see your chart i see pure S/R and trendlines. Another thing i see heroism and lack of patience. Why would you break even a trade just because you feel a hero,i mean,every trade is not a ...

The Touch Trader Method

Great to know another touch trader Sentinel. And call me Taz it is fine. Biggest subject in touch trading is what is the difference between a touch trade and a normal PA trade. A Touch trade: In a touch trade the underlying mechanism is a single ...

The Touch Trader Method

Are we gonna have a round of Where is price going this weekend. I was dying to grasp some more knowledge of PPZ. I am waiting for someone to throw a challenge. Taz

james16 Chart Thread

What is Support/Resistance? Any previous High low on Chart on a bigger TF will act as support and resistance for price,and that is for sure. Visualize high/lows then draw a line or a box through them. What are fibs? I think i don't need to tell ...

The Touch Trader Method