The market came within a few pips to TP1 before returning to the upside and stopped out for a loss of -60pips. My initial stop should have been at say a 1:1.5 or 1:2 r/r which would be met.
The market is now testing the uptrend line it previously break. My entry is base on that test which is also at the fib. 61.8.
Entry: 84.20
SL: 84.70
TP1: 83.15
TP2: 82.10
See chart below.
that chfjpy was a nice crown formation trade, u must be an MTI graduate. nice job Boy!
No i’m not but I have seen his stuff.
This pair is showing a Bullish Gartley formation and also fib. convergence of the 61.8 and 78.6 at the outer up trendline.
Entry: 1.2478
SL: 1.2419
TP1: 1.2581
TP2: 1.2733
See chart below.
Both trades stopped out for a total of -100pips.
There was another entry on chfjpy up at 84.50 there about which is similar to my entry posted that went for a 100+. Chart posted below.
The market has rallied to a daily TL on my chart, also it has reached the 161.8 fibs extension from the last retracement and its now at the 61.8 from the last down swing.
Entry: 1.4612
SL: 1.4662(50pips)
TP1: 1.4406
TP2: 1.4243
See daily chart below.
I will going long on this pair down at the 61.8 fib. retracement, also theres theres past resistance now support down at that level right at the up trendline. See chart below.
The market has rallied to a daily TL on my chart, also it has reached the 161.8 fibs extension from the last retracement and its now at the 61.8 from the last down swing.
in this same trade. timely entry boy!
show we where the mkt has been, am gonna show u where its heading to… MTI fx-chief.
u must have gotten some access to his videos no doubt!
Good going man. Get your eyes out my charts…lol…:rolleyes:
Just so you know the chief did not “create” this method, its the oldest form of trading commonly known by most older folks/traders.
Good going man. Get your eyes out my charts…lol…
Just so you know the chief did not “create” this method, its the oldest form of trading commonly known by most older folks/traders
thenu must be one of the few old folks alive! cool, lets get making money , old folks! i aint gonna address u as boy, even if u are, this method belongs to old folks so u must be an OLD OLD folks.
am Damion from Texas, nice meeting you
Not an “old” folk, but my mentor is.
Are you kidding, we share the same name, also similar spelling.
TP1 was manually close at 1:2r/r @1.4473 for a +130pips gain, the market then rallied to stop out target 2 for a -50pips loss.
My entry was triggered at the test of the fib. 61.8.
Entry: 1.6562
SL: 1.6512
TP1: 1.6720
TP2: 1.6880
My entry was triggered at the test of the fib. 61.8.
Entry: 1.6562
SL: 1.6512
TP1: 1.6720
TP2: 1.6880
u crazy man! oop! am still waiting for nice CF!:rolleyes:
u trade like those old folks really…
Long at the test of the 61.8 of the last swing.
Entry: 1.4572
SL: 1.4516(56pips)
TP1: R/R 1:2
TP2: 1.4779
After coming within a few pips to my stop the market then rally and hit TP1 @ 1.6720 for 140+pips gain. TP2 is move to b/e.
A quick run up to target1 for 110pips profit however it returns to close out TP2 for -56pips loss. The market is now resting on the 78.6 fib. Its possible we could see another bull run to test previous highs.
This pair is now retracing from the last swing (4H Chart), I’m looking at a possible entry at the test of the past resistance which would now act as support at the trend line…
See chart below.
