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- MattW replied Feb 3, 2010
Hey Mike, When taking outside bar plays at swing highs (or indeed as consolidation breakouts) do you only take those that can offer 1R or better? Or will you take it even if first resistance is 0.5R?
james16 Chart Thread
- MattW replied Feb 1, 2010
Hi Chris, I'm just revising my S+R lines and would like your opinion. On USD/JPY I've got 94 and 88. I'm considering 92 as a line as well - is this one you'd add or would you consider it too weak for your charts?
Silent Service Method
- MattW replied Feb 1, 2010
Hey guys, any of you still trading this? Today is my first take on this method - I'm looking to spend the next 4 weeks forward testing with a 1% risk per trade.
The DIBS Method... No Free Lunch continues
- MattW replied Jan 31, 2010
I'm not sure about the 365 either - as there isn't actually 365 trading days in a year! Most charts show 5 day weeks, or 6 day weeks but usually not 7!
james16 Chart Thread
- MattW replied Jan 31, 2010
EUR/CHF, On March 12th price shot up and on June 24th price shot up, so surely we are expecting price to head up (EUR strength, CHF weakness)?
james16 Chart Thread
- MattW replied Jan 31, 2010
So are we likely to see the 1.500 line in the sand revisited? Possibly as new resistance?
james16 Chart Thread
- MattW replied Jan 31, 2010
Ok Chris, here's a chart of where I'm at - it's a 4hr of the AUD/USD. Entry was at the blue arrow (break of the IB), stop was at the red arrow (high of the day's range). Stop has now been moved to 9115.
Silent Service Method
- MattW replied Jan 30, 2010
Yeah I have a feeling that rising interest rates for the coming year will cause gold to break south. But others seem to be looking to Long it. At the moment I'm feeling a lot of markets are showing TA and fundamental analysis that don't agree with ...
james16 Chart Thread
- MattW replied Jan 30, 2010
Great video Chris. I'm currently holding a short on AUD/USD and I'm wondering what your gut feeling is on this? What kind of percentage likelihood would you say to seeing support broken?
Silent Service Method
- MattW replied Jan 30, 2010
A technical question guys, admittedly showing my ignorance here! What directional affect does an interest rate hike have on a currency? The Aussies are expected to raise their rate on Tuesday so will that mean AUD/USD will rise, or fall? I'm ...
james16 Chart Thread
- MattW replied Jan 30, 2010
Hi Mike, When you're looking at OBs in this way (straddling a BRN) what tf are you looking at? 4hr or 1hr? (or both?!)
james16 Chart Thread
- MattW replied Jan 28, 2010
Quick reply to the above: I saw that too - it's a potential breakout to the upside - especially with that Bullish outside bar within the consolidation. IMO that would be a good trade but I've not looked at the bigger picture - someone else hopefully ...
Silent Service Method
- MattW replied Jan 27, 2010
Ah I get you. You want the continuation OB to also break the range thus indicating the breakout and resumption of the trend.
james16 Chart Thread
- MattW replied Jan 27, 2010
I know you like to see some different charts now and then Chris, so here's a FTSE100 Future (Jun 2010) chart from my broker. We're on a clear S+R zone and printing a nice pin. I wont be trading it, as I already have exposure to shares, but it does ...
Silent Service Method