Unfortunately no because i want you to learn so later you will be reliant on no one)You can,t learn trading by following others.Hope you will understand)
what do u think of this EUR/CHF weekly bearish PB? rejected 1.2400, although there is a HH, but the bullish 2bars reversal that occured on the HH was not really that commanding.
[QUOTE=âTkMpZ;508947â]what do u think of this EUR/CHF weekly bearish PB? rejected 1.2400, although there is a HH, but the bullish 2bars reversal that occured on the HH was not really that commanding.
The senior guys in this thread tend to not trade eurchf as it is very heavily influenced by the Swiss national bank, if you look at daily you will notice a massive range where there was pretty much no movement what so ever
EURUSD Weekly chart, formed a BUEB on the support line, I did set a pending on the top of the candle, since there is a resistance line , I would not set exactly on the high of the bar, so I set higher breaking through the resistance line.
USDCHF Weekly chart, formed a very strong and big BEEB but the problem is, my resistance line was too far from it, this will be my only doubt to whether should I take this trade. Still need more opinions from you guys about this.
USDJPY Weekly chart, formed a 2 bar reversal with the resistance line across it, as Johnathon said, as long as both of the bar acted as a pin bar, then it will be a good signal, both of these bars combine to formed a bearish pin bar, just that the body is too small, having a tail (not very long) rejecting the resistance, there will be a problem area at 97.201, maybe that will be the first TP , 2nd TP at 94.387.
EURCHF weekly chart, formed a pin bar rejecting the resistance line, but the previous swing low showed that the movement of price was too large, most of the candle having very long wick, I think it can be counted as choppy here? SO I will pass this trade.
I hope to get more opinions from you guys. Whether my analysis is correct or not. I am still learning ><"
Nice size signal right on the BRN of 0.8800 which i had marked for several days now.
Price closed above the SR level at first but moved down the day after taking along stops as it went down.
Closed below the BNR of 0.8800
The next resistance level i spotted was around 0.8700 which wasnât too far from the entry.
Entry: 0.8765 (pending order)
SL: 0.8975
TP: 0.8610 (just above the next BRN where price found support in the past)
How i managed the trade:
I only had 1 position (due to MM rules in my trading plan, even though it is demo) so i aimed to move my SL to BE + 4 (to account for spread) as soon as price reached 0.8704 which it did.
On friday price moved lower and hit my TP at 0.8610 as planned.
Nice size signal right on the BRN of 1.4000 which i had marked for several days.
Price closed below the SR level at first but moved up the day after and closing past the previous high.
Price was now sitting directly ontop of a small support around 1.4164 but with a entry +10 pips above the high it would have to break through it before i would be entered into the trade.
(as you can see price did move down (before triggering my entry btw) before going up and past the level).
How i managed the trade:
Again only 1 position on this trade so i aimed to move my SL to BE+4 when price reached 1.4235 which it did. On friday price hit the TP and the trade was closed down.
Trade closed down with a profit of 217 pips.
Looking forward to seeing your responses about my reasoning on these 2 trades.
Im in euraud too, I moved my positions to BE + little profit when price hit recent highs and im still in it i think there is a lot to earn becouse next trouble area is like 1000 pips away so I wait
Sweet and Solid Bro! Just one thing to take note though, dont open two trades on two forex pair consist of same Currency. For this particular trade, that is AUD. When you lose, you may lose both. But indeed a nice trade and logic in analysing it! I wanted to take the AUDCHF though but did not in the end.
Continue with this type of trade n i think , in my own opnion you can open live with small account soon! (Y)
Your are getting ripped off and need a new broker.You should be paying 2 or 3 pips for those pairs. They are not exotic pairs and that is daylight robbery! It makes it very hard to make a profit when you start to far behind because your broker is robbing you blind. :38:
First make sure that , that charge is usually when there is strong breaking new out. Most brokers if not all will take advantage of you and charge as much as they want. That is the reason why some traders donât trade news events. However , if this broker always charge that amount of pips , then you are getting ripped off, agreeing with Forex School Online.
A lot talk about EURUSD weekly EURUSD BUEB so made a post about it. A very solid BUEB when you look at it by itself however when put in the price action story the one major worry is the very solid resistance it is trading into.
The chart below shows the resistance I am talking about and taking the BUEB would mean trading straight into this area.
The flip side to this is that if price can break this resistance then we would look for it to hold as new support and traders could use this in their trading and with their stops. Traders could use this with their stops and use this level as a barrier between price and their stop. In other words if price does break higher they could look for this level to hold as support and hold their stop underneath.
The USDCHF is pretty much just the inverse of this weekly chart so make sure to keep that in mind. Whilst there are clearly differences there are also some pretty clear similarities like the trading into support/resistance.
If price can move higher through the first level the next resistance comes in around the high of the recent weekly BEEB at 1.3850.
