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#Post#: 162--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 9, 2017, 11:57 pm
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it's a thought AUD/USD 4 hour chart
#Post#: 163--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 10, 2017, 12:01 am
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Pennies maybe all of us can work together and add and
subtract-to get to the best trade-able system--i believe LESS IS
MORE as they say-don't want to add TOO MUCH GARLIC to the
pot-but gotta have the right amount of seasonings
#Post#: 164--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 10, 2017, 12:16 am
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Ok Jav, I'll use your AU 4 hour chart as an example of what I'm
looking at. It's pretty straight forward.
Here it is step by step...I forgot to note it on the chart but
the remaining 25% of the trade at Step 5 would be set to TP at
the 3rd box level. With the stop loss set to break even +1 pip,
there's no more risk in the trade at that point plus you've
already booked 75 % of the profits already.
#Post#: 165--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 10, 2017, 12:34 am
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Boy gotta look at that in the morning-looks like you have some
darvas in there too-lol will have fresher brain in the
morn-looks good thanks
#Post#: 166--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 10, 2017, 12:37 am
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lol i see you have used "YOUR CRAYONS" on my chart --we've got
to hone in on this--SIMPLE but effective-As i said i'll look at
it better tomorrow
#Post#: 167--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 10, 2017, 12:38 am
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Here's another potential setup as well Jav. This is the UCAD 15
minute chart...time frame or pair makes no difference using this
system...it's cut and dried.
Waiting on the 2nd breakout as a confirmation keeps you out of
bad trades. Remember I also mentioned a trend following
system...using this method will keep you in a trade until a
potential real reversal of the trend is setting up, rather than
getting scared out of the trade on a dead cat bounce.
This chart gives a perfect example of why we should wait on
confirmation before taking the opposing possible reversal trade.
There's a new potential reversal setting up now but no
confirmation yet.
UCAD 15 Minute Chart...
#Post#: 168--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 10, 2017, 12:43 am
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Also you and Simple brought us that box movement-3 box max
#Post#: 169--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 10, 2017, 12:49 am
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Pennies i am partial to the 15 charts-this shows me i can still
trade them-i will be copying your placement of swing spots-on
usd/cad-well this old dog gotta go to bed-thanks so much-let's
all work together
#Post#: 170--------------------------------------------------
Re: TA Forex Trading
DIR By: jwilsontrade1878
Date: January 10, 2017, 1:01 am
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Yep, Simple introduced it and showed us how to modify the fib
tool to place the boxes automatically instead of stacking them
manually. Heavy also brought up the box texhnique a while back
on the board. When good techniques like these are coupled with a
solid understanding of pure price action, it helps us stay out
of bad trades and only take the ones with odds stacked in our
favor.
Sent from my LGL62VL using Tapatalk
#Post#: 171--------------------------------------------------
Re: TA Forex Trading
DIR By: javalin
Date: January 10, 2017, 11:48 am
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i remember that now-will try to find his post-seems also i wrote
it down someplace
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