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munirpt replied Sep 23, 2013Hi ScorpS Hope that these charts clarifiy my thought process.
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munirpt replied Sep 23, 2013I have 2 ways for defining TPs: 1 - Technical levels (Support, Resistance, Fib retracement and extension levels , ABCD completion) 2 - 2X ATR(7) The EJ trade was activated while i was sleeping. I had a pending order below the 4H MC.Once the trade ...
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munirpt replied Sep 23, 2013Thanks for the explanation. Still finding my way around 4H charts....
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munirpt replied Sep 23, 2013Hi emannuel Could you explain your XAU trade? Im really lost trying to understand the rationale for the trade.... I see a morning star pattern on the 4H which indicates long. Also on the 1H i see some bulish divergence with green and red pointing up ...
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munirpt replied Sep 22, 2013GJ Week of 22nd September Last week we didnt have a clear picture of what could happen. We are at the moment definitely in a bull market. Expect price to reach 163.0 in the near future. So where can we get involved? I identified 2 main levels where ...
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munirpt replied Sep 22, 2013GU Week of 22nd September Last week we identified a potential completion of 3 drives pattern with 3 possible levels for taking profits. We did complete the 3 drive pattern and reached all our 3 targets identified. Once we reached our last target, ...
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munirpt replied Sep 22, 2013AU Week of 22th September Last week we previewed a move to the upside, after some retracement. The retracement didnt happen and instead of that we had a gap up followed by an upmove due to FOMC. In the last session of the week the market fell ...
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munirpt replied Sep 22, 2013EJ Week of 22nd September Last week I was expecting an upmove to the complete the ABCD pattern. The move completed with the help of FOMC news, breaking structure to new highs. At the moment my bias is bulish, looking at entries around 133.35 for a ...
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munirpt replied Sep 22, 2013EU Week of 22nd September Last week I was expecting a down move. Due to the week open gap, that changed my view of the market. Price gapped up, never giving us a short signal. Market was very slow most of the week and finally at FOMC the breakout ...
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munirpt replied Sep 20, 2013Thanks for the answer. will start paying more attention to such details
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munirpt replied Sep 20, 2013Hi Phx Great trades as usual... Only one question : on your third trade (the one with +22) , we had a break of previous structure. What made you close the trade at that particular point? Green was above red and yellow and 50, without being ...
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munirpt replied Sep 20, 2013Since i wasnt able to capture the entire move (100 pips) on the first leg, decided to re-enter when i saw a pin bar at 10 ema on the 15TF. this time went to the optimal target. More 50 pips locked in. a good 100 pips trading day....
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munirpt replied Sep 20, 2013Hello to all have been very busy lately so only one quick scalp today. Im testing using the principles of Mother candle combined with TMS to take advantage of some setups. Here is my trade today. could have made 100 pips, but since i wasnt ...
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munirpt replied Sep 19, 2013You are right. thats the next logical level i see on a long term basis
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munirpt replied Sep 19, 2013Hi Scorps I have my ABCD drawn a bit differently Price is about to reach a potential target. 50% retracement often leads to 141% extension. Great profit targets can be identified when you have confluence of these levels with SR levels. In this case, ...
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munirpt replied Sep 18, 2013Article on how to trade Symmetrical triangles for those who are interested to learn : url
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munirpt replied Sep 18, 2013Mother candle and inside bars found this interesting article explaining the concept and how it can be traded : url
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munirpt replied Sep 18, 2013Hi Emmanuel to be sincere, i dont know the name of the pattern, but would like to learn. could you point me to some book/website/reference where i can learn more about these patterns and how to trade them?
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