Hi ninjatai
Have a look at post#114 on page 12 of the thread it explains this for you…Thanks
[QUOTE=ninjatai;344823]Nice. I understand what this thread’s teaching, but I can’t seem to find a good place to get in on a trade. I can’t decide. Nothing looks too good to me. I guess I’ve got a limited understanding of it right now though.[/QUO
Look at my current chart I posted on the Eur/Usd short for a place to enter
You have to look at the larger timeframes such as the daily on this one to see this trade properly, I used the 15 to try and make it more visible for everyone…
Hi StephA
You are spot on when you say you only need a few good trades a month, using the higher timeframes such as Weekly, Daily and H4 chart help you to define the trend but also identify REAL areas of Support & Resistance.
You know that with these significant areas that you will see the market react off these levels but also generate greater moves…
Re you comment Steph A , I agree with SR player but a fringe benifit that I have found from SR’s methods is they are not as time consuming to trade, they are often more powerful and predictable move of the higher timeframes too so win win and win in my eyes !
I agree with you nickopip. This method also suits me because it’s not so time consuming… I am in a learning phase at the moment and from the systems I studied this is consistently producing results. Let’s thank SR player for this even posting almost online trades which shows confidence and willing TO share IN THE most honest and tansparent way. I am flying back home and hopefully next week i could post more than this week.
Thanks for the kind words Psalda, much appreciated
its nice to see ur in this trade am also targeting 1:3 i must confess its not easy holding on to a trade lol but its worth it
but again am determined
WELL DONE njokie, you gotta a much better entry on this EURO than me, great trade… I missed the resistance zone you took, I took it off the other one I highlighted earlier. Its going well.
Yes it is difficult but it only gets easier, its worth it! Managing the trade is the key to success…
thenx for that am gaining abit of confidence thenx to u and ur strategy u said managing the trade is key to success do u mean in the case of the strategy we r using managing a trade means taking a trade and not touching it ?not adjusting the sl or tp or whatever? just letting it go the way it wants?.this is s newbie question but hey am a newbie ps i think u shd be called a honorary member not a newbie lol
SR Player,
Love watching the trades but do you have a checklist of the rules you follow to tell you to take a trade. I am one of those who really needs rules of a setup to tell me to trade. Any chance of getting a checklist…
TraderMom
Absolutely right. You can spot a potential trade setup unfold way in advance and take your sweet time to get your limit order setup and wait for things to unfold.
Hey njokie , I’m sure sr will be reply soon enough , I reckon that bloke lives on his computer lol! But in the mean time for what it’s worth I don’t think managing your trade always means a rigid definition of set and forget , nor does it always mean if x happens do y … It an mean that but to me it’s more interpreting what’s happening during a trade and making similar , consistent logical decisions … And that can mean a lot of different things depending on your trading style … Very keen to see SR’s opinion on this one too but those are my humble thoughts …
hi nickopip well just checked and seen the gbp/usd trade has hit tp of 150pips with sl of 50 well am not sure of what it means but i think closing partial and moving to breakeven can be a zero sum game e.g if i had closed break even on the gbp/usd trade it would have been hit by a spike that drove prices down well i dont know but its the first time am being serious with the risk reward ratio let me see how it takes me.
i like the fact that if u win 1 trade it will take 3 loosing trades to wipe out that profit sori i didnt get what u meant by "I reckon that bloke lives on his computer lol! " SR is a she lol
just wanted to ask are u traying out this strategy as well?
i saw this yesterday i didnt take the trade but am sure someone could be in it looks like its gona be a good short
Sure am njokie, simple and effective there was a couple of traders talking about SR in a trading room that i spend a lot of time in… its easier for me to follow in there because they can help interpret in live markets but i still keep an eye on this this thread too.
Nickopip, what trading room do you participate in? Been looking for a good one to watch so live talk in.
loving this thread guys - keep up the great work for the newbs like myself… making it so easy to understand…
would love it if there was a ‘trading group’ where we could all trade live together … wouldnt that
be fun 
Hey 43, the one i am in at the moment is run by TradingIt.com, to be honest i wouldn’t ordinarily recommend trading rooms mainly because I’ve been in some very expensive and very ordinary rooms but this one is free for starters and has helped me probably more that the others that i was having to pay a small fortune for. The only fine print is that you need an Axi trader account to be in there long term … that only took me a few hours to sort out so no biggie… been in there a few months now and to be honest if they asked me to pay i would. I think they do open days on wed or thursday each week but not 100 % sure … scope their website if ya can’t find the info you need ill ask in the room next time I’m in there…
Dang, I did look into that but they will not open accounts for USA residents. Any idea how to get around this so I can get into the room?
am in the trading room too am trying to grasp the range strategy well Dr B ia awesome
the starter of this thread SR player recommended it