- Search Energy EXCH
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stevepatt replied Dec 8, 2014Hi Purec; This Post 5,646 explains my view point on EUR/AUD. I wouldn't have consider going Long until the Market broke and closed above 1.47 RN because it had been acting as short term Resistance from the 16th October.
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stevepatt replied Dec 8, 2014Hi kholid; Anyone using Indicators, to lead them into Trades, still needs to understand Market Structure - Support/Resistance etc. We need this information to make sure the Indicators, we use, are leading us into Trades at the Optimum Levels. In ...
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stevepatt replied Dec 8, 2014Hi kholid; So you use Indicators to lead you into Trades and not just for confirmation of what you the Market is telling you? Personally, I only use Indicators for confirmation of what I can already see in the Market. By trading this way, I have far ...
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stevepatt replied Dec 8, 2014Can you post a Chart and explain exactly what you are seeing because I don't see a Bearish pullback to take a Bullish Trade.
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stevepatt replied Dec 8, 2014Hi braciola; It depends how aggressive you want to be with your trading. There is a Short Term Resistance Level right where you would be taking a Long Trade. Personally I would want to see Momentum Break and Test this Resistance Level before looking ...
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stevepatt replied Dec 8, 2014Hi kholid; Can you tell me how you can be so confident that it's going up this week? Where is the confirmed buy? I see only hesitation at previous Support. It might well go up from here but there's nothing confirmed about it. You can definitely ...
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stevepatt replied Dec 8, 2014Hi kholid; Personally, I stick more or less to the majors the spread on this pair, with my broker, is 9.5 pips. If you want people to follow your trades you need to post the results as well as your entries.

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stevepatt replied Dec 7, 2014Hi demateo; BE=Break Even Take a look at the chart below it explains one means of Trade Management
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stevepatt replied Dec 7, 2014Hi Purec; I don't want to start giving anyone advice about Trade decisions, that should come from the individual trader. But I usually find if a Trade doesn't feel right it's usually better to exit. The image below shows what I would be expecting ...
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stevepatt replied Dec 5, 2014Hi forexday; I try to make my explanations as clear as possible because nothing used to annoy me more, when I was starting, than someone not explaining something clearly and just assuming that who ever was reading would figure it out. As long as you ...
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stevepatt replied Dec 5, 2014Hi piprader; It took me a long to time to make sense of the Market Primary Trend-Momentum-Pullback-Support/Resistance-BRN/RN-PA is how I made sense of whatI was seeing. The way I see the Market isn't going to work for everyoneand so everyone must ...
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stevepatt replied Dec 5, 2014Hi Piprader; It's important, for the continuity of a thread, that anyone posting trades should show the trades outcome win or lose. By doing this anyone, reading the thread, can get a far better idea of what can be expected from the method being ...
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stevepatt replied Dec 4, 2014EUR/USD D1 The spike after the ECB News Conference took me out of this trade at BE +2 pips. EUR/JPY D1 Trade in this Post 5,576 turned into a loser. I was unexpectedly detained today and got caught out by the EUR spike. If the ECB press Conference ...
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stevepatt replied Dec 4, 2014Hi Purec; I think the ECB Press Conference at 1.30 GMT caused the EUR to spike like that. Chances are it will settle down and normal service will resume but we have NFP tomorrow so I would not be looking to get into any new trades this week.
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stevepatt replied Dec 4, 2014Hi kam; Take a look at the post above. You want to be aware of both the D1 and W1 Trend when they are both in the same direction your EDGE becomes that much stronger. Look for the pullback on H4 to get you into Trades that is going with both the D1 ...
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stevepatt replied Dec 4, 2014Hi kholid; I don't trade GBP/CAD, but looking at the charts I wouldn't be looking to go long yet. When making Trading decisions take the higher TFs into consideration. Trade with the Primary Trend if you are Trading H4 and you are Trading with the ...
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stevepatt replied Dec 3, 2014Hi Purec; This can be very frustrating when Trading the lower TFs this is one of the reasons I moved to D1 trading because even Trading H4 I was still missing Trades whilst I was sleeping. Heres what I am expecting EUR/USD to do, the higher the TF ...
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stevepatt replied Dec 3, 2014Hi demateo; This shows the power of entering a Trade at a Strong Level of Support/Resistance, getting your SL to BE and allowing the trade to develop.
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stevepatt replied Dec 3, 2014Pulled this Buy Stop, market broke above the 1.57 RN looking too Bullish at the moment. Kholid, you might be onto a winner if the Bullish Momentum continues remember it's Counter Trend.
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