Pipsbasketing:

- Good success, Good work bro, more good success, like I once said that the line is never expected to be linear.
- You are right that long term trading is the best, you have time for yourself and other several things in your life...I can never return to trade below the daily TF....Good work too

For the bolded, I need to be sincere here, if you do long term trade and want to prove a point to him. I do not think about 3 weeks trade will be enough to prove the point but say about 3-6 months (I stand to be corrected though). Why not just leave the explorer public so you can actually prove the point to him in the long term...........

Above all, I do not think it is necessary to do a business, open an account, trade it only to prove a point and closing it in June after you achieve your target like you said. Trading should be a lifestyle......Just saying, forget about him and enjoy your trade

You got me laughing hard

So sorry about that bro, it happens in all threads.

One Love

Profitsgalore:

I think you misunderstand me. This account is for short term trades which are very aggressive. My money management is controlled by my broker leverage rules. I have other accounts which i trade long term. I only opened this account because some traders here pissed me off. Believe it or not, i have been in this business for 20 years and a member of this thread since season1, and only wanted to share my experiences and got clowned for it.

Edd1e:
Picking Tops and Bottoms is a fast way to burn your account especially when you don't know how to do it. It's just like support and resistance trading where traders just take trades hoping a particular S/R will hold without any confirmation of taking the trade.

Scenario 1: "You see a strong Resistance with nice 3 touches and you thought, wow, this res. is going to hold and price is going to move down, it looks like the best trade of the year only for price to spike and take ur stop loss and then continue in your said direction".

What went wrong with the " scenario 1" above?
Lack of Good entry strategy, Traders not waiting for confirmation of the said resistance holding before taking a trade


Scenario 2- Price hitting a nice strong resistance like the scenario 1 above.. This time, market decides to move down to your predicted direction like 80 pips below your entry and then "puff", price shot up, took ur stop loss and continue moving up breaking ur so-called strong resistance.

- What went wrong with Scenario 2? Lack of confirmation before taking the trade.


These Two Scenarios do happen to most Traders over and over again and they still continue to make same mistakes because they want to get into trade early. Trying to pick 'Tops and Bottoms"

If you are a forex trader and you still find yourself trading like this, then it's time to find a solution to ur ENTRY STRATEGY"

Peace

Profitsgalore:


I think you misunderstand me. This account is for short term trades which are very aggressive. My money management is controlled by my broker leverage rules. I have other accounts which i trade long term. I only opened this account because some traders here pissed me off. Believe it or not, i have been in this business for 20 years and a member of this thread since season1, and only wanted to share my experiences and got clowned for it.

Feshizzy:





@jline good to have you back too.

currentprice:
some time when it touches the levels and turn to your direction for like some pips as you said and keep on small ranging. check your trading calendar the speed to break the levels is waiting for the news to be announce soon. the news may be next day or anytime soon

_{^{indirectly trading toward the trend still a win win situation}}

Edd1e:
Picking Tops and Bottoms is a fast way to burn your account especially when you don't know how to do it. It's just like support and resistance trading where traders just take trades hoping a particular S/R will hold without any confirmation of taking the trade.

Scenario 1: "You see a strong Resistance with nice 3 touches and you thought, wow, this res. is going to hold and price is going to move down, it looks like the best trade of the year only for price to spike and take ur stop loss and then continue in your said direction".

What went wrong with the " scenario 1" above?
Lack of Good entry strategy, Traders not waiting for confirmation of the said resistance holding before taking a trade


Scenario 2- Price hitting a nice strong resistance like the scenario 1 above.. This time, market decides to move down to your predicted direction like 80 pips below your entry and then "puff", price shot up, took ur stop loss and continue moving up breaking ur so-called strong resistance.

- What went wrong with Scenario 2? Lack of confirmation before taking the trade.


These Two Scenarios do happen to most Traders over and over again and they still continue to make same mistakes because they want to get into trade early. Trying to pick 'Tops and Bottoms"

If you are a forex trader and you still find yourself trading like this, then it's time to find a solution to ur ENTRY STRATEGY"

Peace

currentprice:
some time when it touches the levels and turn to your direction for like some pips as you said and keep on small ranging. check your trading calendar the speed to break the levels is waiting for the news to be announce soon. the news may be next day or anytime soon

_{^{indirectly trading toward the trend still a win win situation}}

Feshizzy:


I really do apologise on behalf of such member.
I was nice of you to share your experience and still wonderful that you are still doing that.
You input is highly appreciated. After you commented, I remembered you and you have been around the block a long time.

It would be wonderful to have you here back fully.
Don't worry, no one can clown you or your good work. In the end, the joke would be on the member.

I did see the reason you are still shorting EJ, on the D1 TF, the bulls got nothing on the beers yet.
My believe is the bulls might be short lived.
BTW I already made my 20 pips out of buying EJ, I leave the rest in your care.
Cheers Mate!!

Happy Pip Season.


@jline good to have you back too.

mrikay:

Much Gratitude sire.

fxbomovi:
bro, u are the one he's trying to prove a point too. Isnt it pippimp. But theres realy no need for that.

currentprice:
^^^
space number 1 at the front fully booked

pippimp:


I didn't even look at the moniker. Sometimes this thread can be exasperating.

fxbomovi:
bro, u are the one he's trying to prove a point too. Isnt it pippimp. But theres realy no need for that.

pippimp:

I didn't even look at the moniker. Sometimes this thread can be exasperating.

Feshizzy:




To be honest, It was never my intention,
I am truly sorry that my comments has brought about such reaction. Please accept my apologies.

Regards,
EF

Feshizzy:




To be honest, It was never my intention,
I am truly sorry that my comments has brought about such reaction. Please accept my apologies.

Regards,
EF

Feshizzy:




To be honest, It was never my intention,
I am truly sorry that my comments has brought about such reaction. Please accept my apologies.

Regards,
EF

mrikay:


Oga CurrentPrice,

Eyes on EurNzd for potential buy?

Edd1e:
I might post some charts on how I trade "support and resisistance" or how I pick "tops and bottoms". (My own Method) Stay Tuned

Pipsbasketing:
Yea bro, that was an H1 analysis which I was showing him but I only trade D1, and according to my D1 analysis below, there is no clear direction as of the moment, but it is at its turning point to buy, though the turn is not yet confirmed, and after it is confirmed, it has to be locked in.

Obviously, I can never sell GJ throughout this week but will be looking for only buy and that is if its turn and lock-in is confirmed.

jorel1:
I hope those itching to buy this pair found a sell entry in this current retracement

Edd1e:
N.B the above is just for information purposes only and an excerpt of what I consider to enter my trades.
I use other tools like EMA, Heiken Ashi candles and Trendline.

Now for those itching to buy GBPJPY, With my analysis I will only buy if price does some thing like the chart below using the previous support and resistance trading method.

From Daily chart, Price is approaching a support area, To buy this pair and for confirmation of the support holding or not. I will switch to the next lower tf and look for change of trend formation, price forming HH and HL on H4