Capitals:

MrStan11:
Its a new method I'm seriously planning to switch to. Though I'm still demoing.

Its from a guy called Robinhood from forexfactory. Read his thread it will help a lot.

Shevychen2:

Demo it a lot more before you switch. If you ask me though, I will tell you to look for strategies that are based purely on the numbers. Raw market data. Most of the charts from experienced traders here are based on it or some variation.. Haven't you wondered why they don't use these christmas light pointy arrow indicators abi na only you dey see am?

You may find success with these indicators but the number of failures with it are far higher.

All those Forex factory threads go the same way: someone posts a system filled with indicators.. Then others join and introduce even more indicators to "filter". A few months after, *crickets*.

voraz:
@thatebonyiboy.....

currentprice:
still on d sideline watching...

price yet to decide whether to sell from 1st level or cross to the 2nd level to sell.

i am still watching on d side line. i expect one more leg up toward the level 2 to trap buyer there before selling, with this i will have little SL to risk. though i will still use my normal 100 pips SL but in my mind i know my jumping out levels is little

patient is d key

Shevychen2:

Capitals:


Worse case, its a loss and I can deal with that

mmmnaija:
gbpusd sell on 4hr tf

mmmnaija:
gbpusd sell on 4hr tf

wamiikechukwu:


no offense bro but your chart reminds me of Christmas...

currentprice:
i will be entering trade at my side in few minute time. 1pm candle

58.50 or level 2 will do for me

fingers crossed

infofirst:

You want to dare oil bull with em consecutive bull daily candle. Patiently watching.

currentprice:
i will be entering trade at my side in few minute time. 1pm candle

58.50 or level 2 will do for me

fingers crossed

currentprice:


bro except price move above 58.75. it a sell for me

and am selling before this 1pm candle close in few seconds

Viking007:
Forex trading. A skill I wish I had.

currentprice:


it 1.59pm Trade taken

sold oyel with SL

trade not safe until price move below the whity but any attempt to move above upper whity level i will close this trade

Goodluck

AXYZ:


Never too late!

meshpips:


Guys, this trader knows what he is doing. I recommend that less experienced traders can follow his lead. Excellent stuff he has written here about crude.

I like the part about the September 5 high 'cos that's where the last line of defense is for sellers. Please note that it is possible to see a NEW HIGH (this is the usual practise) but the buying would not be sustained and we would very likely see a BEARISH ENGULFING candle that follows. Once this is done, the intent of sellers has been made public.

I strongly recommend a sell from the Supreme M5 untested resistance formed on September 5 (57.63). The trade can be held until possibly 53.30 support level from where we might see renewed buying interest.

Sell limit at 57.63 (make room for spread plus one pip).

Target 53.30 (add spread plus one pip)

Stop loss: I recommend using the one day average range. It could be tighter though.

All the best!

Viking007:
How do I start?

AXYZ:


You can use investopediaDOTcom/slide-show/beginner-forex-steps/

and

babypipsDOTcom/learn/forex

to learn the basics. You can just be trading live and making profit before the year ends, if you are very careful and/or disciplined.

Capitals:

Seconded, Joining in...
Good luck

voraz:


this is why i have broken even on EU....just incase
then i'll sell at the top again

Capitals:


Fingers burnt, reverting to the sidelines on Crude...

currentprice:


u must hav use tight SL

price is really given the upper levels turf fight but i will keep trade unless it breaks out

failure to break is likely to send oyel downward

fingers crossed

currentprice:
Lol... see what 5pm just did