FX Trading Ideas...
- Thread starter TayOO
- Start date
Welcome to ET, TayOO.
Based on the first charts you posted, it seems like your strategy is very similar to mine. I'm impressed with the way you're managing your TLs also.
Do you mind giving us some background on you and your trading style?
Also is that 1.41950 line an S/R level, pivot, other?
Greg
Based on the first charts you posted, it seems like your strategy is very similar to mine. I'm impressed with the way you're managing your TLs also.
Do you mind giving us some background on you and your trading style?
Also is that 1.41950 line an S/R level, pivot, other?
Greg
What is your approach - price action? Breakouts? S/R? Others? For example here you use 1.4185 as a dividing line - what is "above" or "below" when the price changes constantly?
Hi Greg,
Itâs very possible that your strategy is very similar than mine... Even in a complex market like Forex, different people can look the market in the same way, or almost same...
Well... Do you want to know a little about me...
I am trading since the summer of 1997, initially start in equity market... In 2002 I found the Forex in a financial forum... I since that I never more stop to look on it!
To be honest the first year in fx, was a very bad nightmare but that was good because I found that I did need something else to become successful in this complex and hard market!
I started to use TA and money management, and after that I start to become profitable...
But, I never stop my research in the fx market, and I will never finish it... I believe that market is always open to new ideas and concepts!
A little bit about my strategy...
Well... Like I posted here is based on TA, S&R Fibo levels, pivot point and intraday S&R levels and some indicators (essential the basic oscillators like DeM, RSI or Stochs).
Before I start the trading day I look the charts and try to identify the possible intraday direction of the market... After that I look for the S&R levels and identify the pivot point (that will be the reversal intraday point - or not...)
After wait or place my trade if is appropriate to do it...
Seems simple? Maybe, but of course is not so simple... Is easy when you know what you do and want to do...
Sorry Greg, I had a look on my previous posts but unfortunately I didnt found that "1.41950"... Can you please specify?
Regards,
TayOO
Itâs very possible that your strategy is very similar than mine... Even in a complex market like Forex, different people can look the market in the same way, or almost same...
Well... Do you want to know a little about me...
I am trading since the summer of 1997, initially start in equity market... In 2002 I found the Forex in a financial forum... I since that I never more stop to look on it!
To be honest the first year in fx, was a very bad nightmare but that was good because I found that I did need something else to become successful in this complex and hard market!
I started to use TA and money management, and after that I start to become profitable...
But, I never stop my research in the fx market, and I will never finish it... I believe that market is always open to new ideas and concepts!
A little bit about my strategy...
Well... Like I posted here is based on TA, S&R Fibo levels, pivot point and intraday S&R levels and some indicators (essential the basic oscillators like DeM, RSI or Stochs).
Before I start the trading day I look the charts and try to identify the possible intraday direction of the market... After that I look for the S&R levels and identify the pivot point (that will be the reversal intraday point - or not...)
After wait or place my trade if is appropriate to do it...
Seems simple? Maybe, but of course is not so simple... Is easy when you know what you do and want to do...
Sorry Greg, I had a look on my previous posts but unfortunately I didnt found that "1.41950"... Can you please specify?
Regards,
TayOO
EURUSD
LONG positions above 1.383 with targets @ 1.3925 & 1.3975.
Alternative: The downside penetration of 1.382 will call for a slide towards 1.379 & 1.3745.
GBPUSD
LONG positions above 1.5935 with 1.6105 & 1.6155 as next targets.
Alternative: The downside penetration of 1.5925 will call for 1.585 & 1.5775.
LONG positions above 1.383 with targets @ 1.3925 & 1.3975.
Alternative: The downside penetration of 1.382 will call for a slide towards 1.379 & 1.3745.
GBPUSD
LONG positions above 1.5935 with 1.6105 & 1.6155 as next targets.
Alternative: The downside penetration of 1.5925 will call for 1.585 & 1.5775.