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Forex ideas
- Thread starter ivica
- Start date
Quote from jasonjm:
yah but dude, 56 to 58 is like the 20 year low point
im trying to guess where big money might make an appearance
you know big money isnt watching the 4 hr CCI
I watch 4 hour CCI but setup is not based on on that chart. I use it for possible direction and looking for setup on smaller time frame. I still didn't see it. I just told that I like that possibility.
For now, imo, charts are very extended and all markets are very nervous and uncertanly
Ivica,
I have a few questions. I am making the switch from minis to forex. Now I was a scalper but like forex a lot better. Its funny it actually helps me respect my stops more when I trde forex and makes me search for quality setups do to the way it trades instead of scalping all day off a 1 min chart. I use a 15 min chart. I think anything higher for my personality will be tough. But I need some guidance maybe in weeding out setups. I trade using s/r pin bar and dt/db and inside outside bars. I use the setups that i mentioned when its near s/r or retracement of a trend to enter the way of the trend. I am having trouble getting in to early and sometimes getting out to quick as well. I guess its just me getting used to the time frame. I have been looking at your charts for a while that you post and while I can obviously see them in hindsight its hard to spot as it is going on. Also when you draw support resistance lines, do you get your numbers from a source or basically just bounce points from the days or previous days trading? I am just trying to get a clear picture so I can put my trading plan together for myself. Its not an easy switch i thought it would be a little easier, but I was dead wrong. I know these past 2 weeks have been especially choppy but also with some good trends like eurjpy and audusd. I trade mainly 5am to 4pm est. So if you can please help a forex newb( been trading futures and equities for about 8 years. Maybe I am looking at the wrong plan to start , I am looking for a good solid way to trade off the 15 min charts. I am not looking for your strategy or the holy grail so please no that. I just want to use price action like I have in the past with other instruments. So I am just trying to put that to use on forex. So any guidance would help so much. You can PM me if you would like. I actually tried to PM you but for some reason it didnt go trhough
Darren
I have a few questions. I am making the switch from minis to forex. Now I was a scalper but like forex a lot better. Its funny it actually helps me respect my stops more when I trde forex and makes me search for quality setups do to the way it trades instead of scalping all day off a 1 min chart. I use a 15 min chart. I think anything higher for my personality will be tough. But I need some guidance maybe in weeding out setups. I trade using s/r pin bar and dt/db and inside outside bars. I use the setups that i mentioned when its near s/r or retracement of a trend to enter the way of the trend. I am having trouble getting in to early and sometimes getting out to quick as well. I guess its just me getting used to the time frame. I have been looking at your charts for a while that you post and while I can obviously see them in hindsight its hard to spot as it is going on. Also when you draw support resistance lines, do you get your numbers from a source or basically just bounce points from the days or previous days trading? I am just trying to get a clear picture so I can put my trading plan together for myself. Its not an easy switch i thought it would be a little easier, but I was dead wrong. I know these past 2 weeks have been especially choppy but also with some good trends like eurjpy and audusd. I trade mainly 5am to 4pm est. So if you can please help a forex newb( been trading futures and equities for about 8 years. Maybe I am looking at the wrong plan to start , I am looking for a good solid way to trade off the 15 min charts. I am not looking for your strategy or the holy grail so please no that. I just want to use price action like I have in the past with other instruments. So I am just trying to put that to use on forex. So any guidance would help so much. You can PM me if you would like. I actually tried to PM you but for some reason it didnt go trhough
Darren