Sitting crowd? Careful with that tinfoil hat. I’m part of no conspiracy.
No shooter, part of no crowd.
I’m a noob here, newer than you.
My problems with a former member had nothing to do with his methods.
They are proven, and effective.
I don’t take kindly to being called wrong, especially when I know I’m right.
Ironically, most of the time we were saying the same thing.
His propensity for entering “debates” uninvited, and causing a ruckus over it was what got him booted, not his methods. Wouldn’t that stand to reason since his thread is still up?
We CAN peacefully co-exist, you have some really good posts.
Back to your regularly scheduled program. Cool thread.
It becomes even more applicable when you take into the fact that the word “currency” originated from the root word “current”. Put “liquidity” into the equation as well.
Yep me too. ‘youre learning’ and ‘its all an illusion’ damn near could have throttled the guy. Dont mind an opposing view… thats healthy debate… I’m no ORICLE thats for sure. Just dont P*ss down my back and tell me its raining… were all right in here arnt we? :D:D
On your Euro why did you draw your trend line off that candle? Was it because that was the high for the day? I used the most recent Swing H/L, my charts to come later.
There is no right or wrong way to draw a trend line. As long as the trend line connects more highs on its way, i consider it move effective and reliable (Thats how i see it). I could have used “N” number of ways to connect high of today to any of the previous day’s candle. However, the way i drew it looked reasonably ok for me. Again I may be right or wrong. I will wait to see how you drew yours and hope to get some more reasoning out of it. The end result was good on euro though. Going back to my cable trade, i think my stops were too tight ??? Price action did go the way i was intending it to go. Cable continues to look dangerous and unpredictable to me :rolleyes: I look forward to expert comments from other readers here as well to help me out to perfect this art of trendline drawing and trading.
No trade for me yet on the Euro, I am waiting until 8am London time before I make trades.
I am drawing my trendlines off what I would call the “best fit” swing high/low. Of course, all trendline drawing is an art. Just trying to understand your thinking.
For the Cable my chart looks the same as yours, and I am currently long. Chart to come after I close the trade.
Ok Good luck with your trade. Btw my trend line was connecting 1000 hour candle of yesterday’s to today’s high(two candles after where you had drawn on your chart marked “muthu”)
Hi everyone, 'm quite new to this tread, infact i’m new to the entire forum. Just wonna say you people are doing a wonderful job. Its so great to know that so many people are committed to the success of others. Special thanks to Muthusa2000 for doing this every morning. You are the man.
Now to biz, Muthusa2000, i think you exited you trade on EUR/USD for 2day too early. right now price just bounced at 1.43330. And the GBP/USD is 1.59761
Think we might have something really great here, keep it up bro.
Thank you and welcome to this thread. Price is still struggling to break that area. Lets see how it goes as London opens up and NFP to follow, looks like today is action packed. Better stay away from the rest of the day i think
My cable breakout for today.
The blue line is the Daily Pivot Point, the black lines are the high/low of the Asian session. I use the 60MA as a guide to momentum.
Took half off at +20pips, the rest is running for the moment.
[B]Edit: +20, on 50%, +50 on 50% = averaged out to 35pips total.[/B]
Closed due to NFP report later and PA at R1.
‘youre learning’ and ‘its all an illusion’ damn near could have throttled the guy. Dont mind an opposing view… thats healthy debate… I’m no ORICLE thats for sure. 
Just dont P*ss down my back and tell me its raining… were all right in here arnt we? :D:D
