Agree with that down spike and as you can see I haven't taken that into consideration while drawing 0.7550 S line. You can redraw the fib from close, but that will take 61.8 to 0.8950 and I don't see any S around that area except 2004 whereas 0.8800 ...

Strat's Long Term Stress Free Trading

A Good Setup — As I promised, I'll do my best to contribute and post possible setups here. Not sure if anyone following this pair but I see a very good potential setup on AUDCAD. Attached is daily chart. Price is making HL-HH since October ...

Strat's Long Term Stress Free Trading

Dan, Basically your position is square. Because long USDJPY and short USDCHF positions give you long CHFJPY. But on the other hand, you have extra short CHFJPY position. So as long as your USDJPY and USDCHF trades go in your favour, you'll continue ...

Strat's Long Term Stress Free Trading

Agree on that. There was a pin bar from 2 daily bars, 3/26 and 3/27, but my weekly chart starting from 1991 shows strong resistance between 0.5950-0.6050. Since recent up move didn't reach those levels, I am still waiting price to hit those levels ...

Silent Service Method

Just trying to identify those three areas: Area 1: Support zone and PA (hammer in this case) indicating possible swing low, but downtrend is still there, so it is safer to be selective when picking PA bars for trade entry (I mean using most reliable ...

Strat's Long Term Stress Free Trading

Weekly pin bar at short term R at 0.8650-0.8700 (0.8800 resistance is more important). Long term support at 0.8500. 27/3 bar is a bearish engulfing and you could either take short below that bar or below weekly pin bar and targeting 0.8500 at first ...

Silent Service Method

Appreciate for this. I believe this the best post on FF re. PA. Adding long term S/R lines on this chart and then trade them with this kind of PA proves how powerful this method is. From now on, my committment to contribute to this very valuable ...

Strat's Long Term Stress Free Trading

AUDCAD — There is a major S/R line around 0.8500 level, IMO, price hit that zone twice yesterday and then an evening star has formed on H4. What do you think about a Short entry at 0.8415 with stoploss at 0.8520 and TP is at 0.7800?

Silent Service Method

Until we learn how you are drawing S/R lines, nothing. No one came even close to the solution, because I believe no one saw 97.52 and 96.20 support levels on the chart. Thanks for your time and insight in this thread. Regards

Strat's Long Term Stress Free Trading

Can you please give us a specific description for each "Grade" trade? Thanks.

Silent Service Method

Can you please describe your stoploss and take profit strategies for this trading method?

Pip Milking Strategy

FJ, you cannot know and confirm if that low was a higher low until previous swing high at 1.2510 passed. So if you use PA to exit this losing trade, the best exit you could take was the close of 6.30 bar @1.2515.

"vForce" the revolution

Thanks for sharing. Can you please describe your stoploss and take profit strategies for this trading method?

Pip Milking Strategy

You know your risk, but you cannot know your reward since we don't know where the remaining 20% of the position will be exited.

"vForce" the revolution

Engulfing pattern means the second real body must engulf the prior real body. So you should look at the real bodies (open-close). It need not engulf the shadows. In Clock's chart, if you look at the bullish engulfing bar, its real body engulfs ...

Silent Service Method

His/her chart is correct mate. Because that chart is exactly the same as the one FJ posted on #11.

"vForce" the revolution

Thanks a lot FJ, it is clear now.

"vForce" the revolution

FJ, sorry but it is not clear. Let's say entry price is 1.2600 and low of blue candle is at 1.2540, now initial stoploss is at 1.2530. Assuming price went up to 1.2610, am I going to move stop to 1.2540? If this is the case, we are not trailing stop ...

"vForce" the revolution

Thanks FJ. Re. the trailing stop, you say " a stop 10 pips below the blue candle and a trail stop of 50 pips. Take 80% profit at 20 pips and let the rest ride till stopped out." After we exit 80% profit at 20%, we still keep our stoploss for the ...

"vForce" the revolution

Thanks for sharing. I have two questions: 1- How do you put "10 pips marker" on the chart? 2- Re. recent long signal at 3:45am IBFX chart, why do I get a green candle after 8 bars? Thanks

"vForce" the revolution