Thank You for Your comment, Yes it is GOLD chart H4 time frame. My idea is, that i upload the charts via an image uploader, so if you click on it, you can see it in much bigger resolution.
I think i find the right uploader site, so i make now 5 posts, that i can insert links to my comment. I had a hard week, had some troble with my bank. I was transfering money from my European account to my US acc. and the money was lost. They find it after 5 weeks [I]“somewhere in New York”[/I]. So now i transfered it again, lets see what the results are.
If somebody want to request a check with fedex, that works great!
So, i’ve uploaded the pictures in HD too!
Soon, i upload P3 too!
So, let’s see a little bit TA:)
For today EURUSD and EURHUF.
11.15.2011 EURUSD
We had the back test at Fibo61.8, after this level the price was folling down, and now if this small support level falls, we can try a short trade at 1.3200. the only question is, Can we find a good SL place?We’ll see…
Link: http://kepfeltoltes.hu/111115/EURUSDD1_www.kepfeltoltes.hu_.jpg <- Click here for HD picture!
Link: http://kepfeltoltes.hu/111115/EURUSDH4_www.kepfeltoltes.hu_.jpg <- Click here for HD picture!
11.15.2011 EURHUF
The Hungarian Forint is by a historic low point. So if this resistance level falls, we have to be carefully, because we’ve often fals signals. So better we wait for the first back test, and entry after that.
Link: http://kepfeltoltes.hu/111115/EURHUFW1_www.kepfeltoltes.hu_.jpg <- Click here for HD picture!
Link: http://kepfeltoltes.hu/111115/EURHUFH4_www.kepfeltoltes.hu_.jpg <- Click here for HD picture!
I agree with your EU trade take.
The problem today has been finding valid Stop Losses.
Was hoping that prices retrace higher before falling. Alas that did not happen.
Yes, you better wait for the next back test, and if we have good SL, just entry there if RR let it.
[I]“Was hoping that prices retrace higher before falling. Alas that did not happen.”
[/I]
Lot of traders use Fibonachi levels for exit, so we have to be carefully by the Fibo levels. The most popular Fibo exit levels are in backtest Fibo50 and Fibo61.8 in trend way Fibo161.8!
Today i upload a picture about the next signal:
Forex P3 Signal
The Forex P3 signal is almost the same like Forex P1 signal, but we use this signal only in a sidle trend. If the price breaks out of the trendline, we can entry. SL is under the lowest/highest point, TP is where the trendline beginns, so the top or the low of the sidle trend channel. This is a really safe signal, but often hapens, that the price halt by the half of the channel.
Link: http://kepfeltoltes.hu/111116/754652387p3_signal_www.kepfeltoltes.hu_.gif <-Click here for HD!
