FXjake's Free Pips
- Thread starter FXjake
- Start date
I have two pending orders
The first is on the AUD/USD - if it trades lower than 0.7227 I will sell this pair, with the stoploss up at 0.7388
The other pending trade will be on the EUR/AUD, if it trades higher than 1.8346 I will buy with the stoploss down at 1.7972.
Both of these trades have great potential to go very far, so this is exciting.
Happy Trading!
The first is on the AUD/USD - if it trades lower than 0.7227 I will sell this pair, with the stoploss up at 0.7388
The other pending trade will be on the EUR/AUD, if it trades higher than 1.8346 I will buy with the stoploss down at 1.7972.
Both of these trades have great potential to go very far, so this is exciting.
Happy Trading!
Quote from charlie9:
What has happened to FXjake?
Sorry Charlie
I have (regretfully) neglected to post of late. I have a lot of platforms to enter each trade onto, but I have decided that I will post on here, as there are some people interested.
I promise I will remember to post here.......thanks for asking.
Happy Trading!
-FXjake
Pachoo:
I am flattered that you have asked. Would love to tell you how I trade.
Basically, I do this.
1) Draw weekly support and resistance lines. Only HORIZONTAL s/r lines. (Although they are lines on the chart, I prefer to see them as "zones.")
2) Do the same thing, but for the daily chart also.
3) Wait for price to reach these zones.
4) Once price hits the zones and shows weakness (when price hits the zone from below, i.e., hits "resistance") I sell.
OR
Once price hits the zones and shows strength (when price hits the zone from ablove, i.e., finds "support") I buy.
Simple as that.
