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  • My Trade Analysis

    Hi friends,

    I want to share my trade analysis based on what i've learned in this great forum...

    USDCAD

    1. there is support line at 1.2430
    2. next support is 1.2350
    3. a 1-2-3 buy pattern at H1, at first support level

    Trade action : buy at 1.2430 tp 50 pips...HIT

    USDCHF

    1. support at 1.1080
    2. first resistence 1.1210
    2. next resistence at 1.1280
    3. bullish divergence and inside bar at H4

    Trade action : buy at current price tp 50 pips...HIT


    EURUSD

    1. resistence at 1.3310
    2. support at 1.3070
    2. inside bar at H4, previously an uptrend move

    Trade action : sell at current price, tp 50 pips...HIT

  • #2
    Re: My Trade Analysis

    Hi there Pasavento.

    Nice to see your signal here.

    Could you care to explain how do you get those support & resistance lines? Is it manual drawing or do you take scalp / master candle / any special method?

    Also, what are the stop losses?

    Regards,

    Comment


    • #3
      Re: My Trade Analysis

      Originally posted by William
      Hi there Pasavento.

      Nice to see your signal here.

      Could you care to explain how do you get those support & resistance lines? Is it manual drawing or do you take scalp / master candle / any special method?

      Also, what are the stop losses?

      Regards,
      Hi William,

      I'm not providing signal, just my simple analysis using support resistence...yes, its manual drawing. I'm intraday trader. Maybe i will explain more details how it get the snr on my next analysis... :mrgreen:

      stop losses? hmm...actually i use mental stop loss = money mgmt..

      Regards

      Comment


      • #4
        Re: My Trade Analysis

        Nice.

        Will be waiting for your next analysis.

        Regards,

        Comment


        • #5
          Re: My Trade Analysis

          RU using price action with pivot as SNR as in James16.Appreciate yr wonderful share.

          Comment


          • #6
            Re: My Trade Analysis

            Originally posted by doddy
            RU using price action with pivot as SNR as in James16.Appreciate yr wonderful share.
            Hi doddy,

            yes i'm using all elements of price action, the less indicators, the easier the trade(work for me)...main tools are the support and resistence...

            keep it simple n smart..KISS :oops:

            Comment


            • #7
              Re: My Trade Analysis

              Let us share our trading analysis, shall we?

              EURUSD

              IMHO, trend is still downside, so, find opportunity only for sell...
              1. current price testing 1.2800 support, whether it breaks or bounce..
              2. 1.3000 - 1.3050 will be strong resistence zone, support by 1-2-3 sell pattern and psycho levels

              Trade Action :

              If breaks, i'll wait for the price to retest 1.2800 before enter sell
              If bounce, 1.2900 will be my entry for sell


              GBPJPY

              1. Major trend is downtrend, however lower tf shows changing of trends..
              2. there is a 1-2-3 buy pattern at H4
              3. price is testing resistence zone of 129.00 - 131.00

              Trade action :

              conflicting signal...best action is stay away, lets the price leads the way first..
              If break resistence, confirm break signal, will enter buy
              If bounce, confirm with reversal signal, will enter sell

              Anyone like to share analysis..? :">

              Comment


              • #8
                Re: My Trade Analysis

                GBPJPY it have high swing

                hardest pair to trade in forex

                what u think

                Comment


                • #9
                  Re: My Trade Analysis

                  USE EMA100 / EMA200 H4 ( 4 hourly ) usssually Supportt to buy in Buy Trend ..

                  Comment


                  • #10
                    Re: My Trade Analysis

                    Frankie: Why did you say thank you very much dear friend? Who were you referring to?

                    It looks like this is a dead thread. LOL

                    Is anybody going to revive it?

                    Regards.

                    Comment


                    • #11
                      Re: My Trade Analysis

                      Thank you for your trading strategy by trading support & resistance line.

                      When it break the support line, waiting for the price retracement & retest it on the previous support line which is become resistance line & vice-versa for the price break the resistance line.

                      Comment


                      • #12
                        Re: My Trade Analysis

                        plz share some strategy & picture........ little bit confused just imagine what masters share

                        Comment


                        • #13
                          Re: My Trade Analysis

                          Originally posted by klkoo
                          Thank you for your trading strategy by trading support & resistance line.

                          When it break the support line, waiting for the price retracement & retest it on the previous support line which is become resistance line & vice-versa for the price break the resistance line.

                          Agreed. There's a lot of trading strategy at the critical levels of snr. Role reversal (classical support resistence) is one of the method. Either you're in when price breaks or wait for pull back, its all up to your personality...how to confirmed breakouts, or how to measure pullbacks, only experiences can tells you...in short, no sets of stone rules..

                          There is one tips to know price action, stay ONLY at one timeframe that you preferred, purpose is to understand the price movement (behavior) on the timeframe when price reaches critical levels of snr..

                          hope this small info helps... :">

                          Comment


                          • #14
                            Re: My Trade Analysis

                            Originally posted by crepoking
                            plz share some strategy & picture........ little bit confused just imagine what masters share
                            I agree with the comments by crepoking , remember a picture says a thousand words.

                            Comment


                            • #15
                              Pasavento, the use of only a Mental Stop loss will eventually get you and anyone else into financial trouble. You've Got to be Kidding... No Wise Professional will be in a trade without a stop loss to protect their Capital.
                              Good Luck!!!
                              Originally posted by pasavento View Post
                              Hi William,

                              I'm not providing signal, just my simple analysis using support resistence...yes, its manual drawing. I'm intraday trader. Maybe i will explain more details how it get the snr on my next analysis... :mrgreen:

                              stop losses? hmm...actually i use mental stop loss = money mgmt..

                              Regards
                              Last edited by maddman; 14-11-11, 11:32.

                              Comment

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