hay i wanna see some charts posted
oh cool my posibility of test of the 22.6 is happaning now, looks like a tail forming around that level head as touched twice on the fib…this could be, i repeat could be the test of the important resistance line marked from the daily
lol iwanna post 2morow all the live
but right now its kinda whipsawish on usd cad so i havent got to a trade yet ill post all of it 2morow ok
Guys i did some research on a tip of from Skuldz , apparantly IFund Traders company has been accused of being involved in a ponzy type scheme................This does not make Olivers teachings invalid, however only Kamakazi entries and Elephants are we using as described by Oliver Velez and those are proven techniques which are not his. So in summary, not an issue for our trading methods. However do not ever part with cash to his company. There is an SEC case ongoing.........................................................................shocking, we got to be carefull out there....This is about traders helping traders, hence i have to bring the above to your attention......lets move on
dennis14685,
during which hours do you trade?
(cause of my day job, I will be only able to trade 1500 - 1800 EDT)
mostly uk open and close, sometimes usa and asia depends but mostly UK…Mate the most important thing for you right now is to go through the thread in detail and get yourself current…i believe any questions you may have can be answered by anyone of the people posting…please put your input, not sure if you are current on our concepts…basically we are all here to help…
yes it tested that the 22.6 …consolidating around expect break up to to be contained at 0 fib prior resitance area
Hi Dennis,
I’m looking at the EURCAD right now and it looks like a good place for long at the 20ma, however, do you enter when the bid line touches or the ask line, in general?
Thanks
Hey Skuldz…I see some elephant type bars on the GBPNZD & GBPAUD…what do you think?..and now the AUDJPY…where are you…sleeping?!
Hay SP. just waking up now hehe…
bid…
Hey Dennis I just logged on the computer now, thanks a lot for that thorough reply, ok i’l start using S&R lines from the Daily, 4H, and 1H, and also channels. I’l post some live trades in London, and we can bounce ideas off each other
PUTTING IT ALL TOGHTHER:
I want everyone to take what they have learned and now for the extra edge mark of the supports and resistance from the daily chart for the extra edge…the big white line on the hour chart in my post #446 is the major resistance from the daily chart.
On your one hour chart you all should have now the following:
20 sma
200 sma
13 sma
4 hour channel
1 hour channel
Daily chart major support and resitance horizontal lines
FIBS STANDARD OR MY CRAZY PROJECTED FIBS
The horizontal S&R Lines taken from Daily chart will give you a major edge on SQ, BC ENTRIES, THE S&R WORKS LIKE A CHANNEL LINE. PROJECTS ENTRIES SL AND TARGETS.
DEMARKER, OR SOMETHING LIKE IT OPTIONAL
IF ANYONE HAS QUESTIONS ON USING S&R LINES DONT HESITATE
Hi there C, those S&R from the daily will help you determine entries combined with all the other stuff…powerful tool
ok cool, there doesn’t seem to be any squeeze opportunities at the moment unless EURCAD 20 goes flat but there’s a bit of a Resistance maybe turned Support on the daily so looking for other opportunities
I went long on EURCAD… coming up from below the the 20, entered at the 20…so far +9ish…
cad has met our target and penetrated resistance 0.98579 so that puts 0.99133 in play over the coming days..................this isa very important resistance line penetrated............the cards are on the table..........this could be the sign of all signs for a massive run long soon. The market is anticipating Bullish overall as CAD is still to rich. It is one of those exciting forex moments <img src="//babypips-discourse-media-production.s3.amazonaws.com/original/3X/0/0/0002a567334c641b950f0d63bceb17142481b6a7.jpg" width="690" height="327"><br/>
yes be long on anything with the name CAD on it for the short term at least , coz cad is being hammered everywhere…well done cool people, big money day i feel it…
I thought we were supposed to let that candle close first. Looks like its going good though.
C that S&R from daily is good entry one way or the other…re-look re anylise price action around that area