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learningfx

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Posts posted by learningfx

  1. Hi FxFxFx,

     

    I had being following this thread for sometime.

    Only recently started to work on it and here is one

    simple question to check with you or anyone who

    can help to clarify my understanding.

     

    According to my understanding, any break of previous high is a uptrend

    as show in the 4hr TF.

    However, in the D1 TF, the current candlestick is hitting previous resistance level

    and not yet close.

     

    In this case,

    a. Even though D1 & 4H TF are both uptrend, but as D1 had not close &

    break the previous high, we should wait for it to confirm & break higher than

    previous high before any long setup is valid.

     

    Is my understanding correct ?

     

    Thank to fxfxfx & other for sharing and helping

    each other.

     

    USDCAD 4Hr TF, Uptrend

    http://img836.imageshack.us/img836/4495/20110912usdcad4hr.gif

    Uploaded with ImageShack.us

     

    USDCAD D1 TF, Uptrend

    http://img88.imageshack.us/img88/9483/20110912usdcadd1.gif

    Uploaded with ImageShack.us

  2. Hi

     

    Thank to all for sharing this course.

    I have gone through the course but still

    not able to capture the key points as my demo

    result still bad in the 4hr time-frame.

     

     

    Maybe all using Fibo from this course can share

    the key points.

     

    In the meantime, I share what I learn here

    if I miss any important points, please correct

    me.

     

    1) Look for trend in the daily chart using the EMA10/EMA20

    2) Look for daily chart that are sloping, refer with EMA wide apart. NOT flat slope.

    3) Any price retractment in the daily chart, then look for setup in the 4hr setup.

    4) Only Pt A & Pt B that have oversold or overbrought stochastic level are valid to me.

    5) Only price retractment that lies within 38.2 - 61.8% are level that I look for entry

    6) When price retracted at the key level with stochastic at overbrought/oversold level

    + with reversal candlestick pattern. I will look for entry at the next candlestick open.

    7) In addition, frank paul also mentioned the triple screen concepts,

    he ensure all weekly/daily/4hr stochastic level are below level 50 for short position,

    and above level 50 for long position.

    8) 1st target profit is the 100% (pt B) and 127% for 2nd target profit.

    9) Stop loss will be key level of fibo + confluence of any daily pivot levels

  3. Hi gfx2007

     

    Thank for sharing your info on VSA and your experience.

     

    I like to know whether is it possible to use MT4/MT5 platform without using tradeguider software ?

     

    Plus, have you read up these 2 books, THE UNDECLARED SECRETS THAT DRIVE THE STOCK MARKET & Master the market by Tom williams. Heard that they valuable in helping us understand

    VSA

     

     

    and

  4. Hi gfx2007

     

    First, thank for your comment on VSA.

    I also looking at VSA but not sure where to start from. Heard

    it is overhelming at first, so looking for some course where it can

    simpify it.

     

    Mind to share the following

     

    1. where you learn VSA from.

    2. Does your course need to use any special software for the strategy like tradeguider VSA software.

    I know other using VSA can also use the MT4/MT5 platform.

    3. have you look at the VSA tradeguider video, how is it compare to your course or understanding.

     

    thank you

  5. Hi

    Interesting discussion on Fibo retractment.

    I also trading based on Fibo, but mainly on the break of 76.8% level.

    As mentioned, lot of people trade based on the 38-61.8% depend on their

    strategy.

     

    Personally, I think there is no best retractment, how is well we

    able to determine which of the retractment is A+ setup to give

    us a higher level of probability.

  6. Hi,

     

    While waiting for this course, maybe we can discuss on our strategy here.

    Let me start first.

     

    Currently, I only trade the breakout of 78.6% of the fibo with SL at 50% and

    TP1 at 127.7% and TP2 at 161.8%. However, most of the time, the RRR (risk reward ratio) is not good.

     

    There are other who trade at 38.2%, 50% & 61.8% with equal success, but I only trade

    with this method as it working fine, will look at other soon.

     

    Hope other using it will share and maybe advise how to reduce my RRR.

     

    Thank you

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