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Shermenator replied Feb 4, 2009Well I am happy you think outside the box of the normal trader....congrats keep on trading.
No Brainer Trades
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Shermenator replied Feb 4, 2009Yep....sell when retail buys and buy when retail sells its as simple as that...it works on every market
No Brainer Trades
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Shermenator replied Feb 4, 2009Oil — Here is my current short on oil easy money... image
No Brainer Trades
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Shermenator replied Feb 4, 2009I have made 90 pips heavy and letting the rest run with 10 percent only since its a counter trend trade and its got stop at break even
No Brainer Trades
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Shermenator replied Feb 4, 2009EURUSD — Here is my current long .... eurusd image
No Brainer Trades
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Shermenator replied Feb 4, 2009When trying to choose levels from the 1 hour ...I would suggest that you confirm it from the 4 hour chart...meaning if it looks like a level a higher timeframe will also trade and then you would increase your chance at being correct.....
No Brainer Trades
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Shermenator replied Feb 4, 2009yep its 38.2, 50,61.8 and I am not long yet it just show me the market conditions
No Brainer Trades
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Shermenator replied Feb 4, 2009EURUSD — Pay attention to the eurusd for longs near support... image
No Brainer Trades
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Shermenator replied Feb 3, 2009It sucks I have it...it has nothing to do with the system but just teaches some candle formation and the thinking part and money management...
A,B,C,D - 1,2,3,4 System
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Shermenator replied Feb 2, 2009USDCHF — Once price hits my lower support I will take partial profits and move rest to break even lets see how we play out... image
james16 Chart Thread
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Shermenator replied Feb 2, 2009USDCHF — Hope I get enought sellers to keep on pushing down.... look at the wicks at the top and look at the resistance to the left... image
james16 Chart Thread
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Shermenator replied Feb 2, 2009Look at the market structure look at the wave forms ...look at how price makes new highs just to hit buy stop ....look at the background the market is giving look at price as a whole and not as just one candle...its all one story
james16 Chart Thread
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Shermenator replied Feb 2, 2009Well Look to the left of my sell order (resistance) look at the candle itself and wick the market is giving at the top side meaning their is selling pressure....
james16 Chart Thread
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Shermenator replied Feb 2, 2009USDCHF — Here is one of my current shorts...keep in mind its a scalp trade since its against the rythem in the chart... image
james16 Chart Thread
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Shermenator replied Feb 2, 2009Well I look at halve and full numbers as magnets to the market but primerly support and resistance is everything in the market and the 50, and whole whole numbers is simply a factor that passes thrue my head before taking the trade..I primerely ...
james16 Chart Thread
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Shermenator replied Feb 2, 2009Well what I meant in the example is that simply once in it price did not move as I whanted to and that is price action ...so I decided to cut the trade short and simply look for something else that offers a high probabilty setup....I trade how price ...
james16 Chart Thread