Redsox11's Posts
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alphaNomega:Harmonics WHAT?? LOL. The word is confluence. If seniors are not reading, how you want newbies here to cope LOL. dboy365:Senior, how you gonna wait for C to break to enter sell in AB=CD pattern You TP at D, you sell at D.. not break of C. Ps: Again, use as confluence not standalone. |
I want you guys to start checking up on this for confluence. It doesn’t matter what system you're trading. This will only take you 15 seconds to look up. Added confluence to your already good system. You’re trading on; 1hour chart, look for AB=CD pattern on 4 hours chart for confluence 4hour chart, look for AB=CD pattern on daily chart for confluence. etc. Powerful tool to have in your arsenal as a trader. Ps: When I want to enter a trade and notice an AB=CD pattern confluence, I smile to the bank ![]()
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Recommended to be traded on GA and GJ or Slow pairs. GJ and GA chart.
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My EurGbp and AudNzd charts for reference.
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My band is called TMA. The non-repainting TMA not the ones that does repaint. Play around with the settings, I've 10 & 14 multiplier in mine (1min chart that is). Happy weekend. Cheers. |
deleted soon. after... |
Posted the link to this few days ago for newbies, to get them started on the right path. I'll delete images after few hours. After. |
Should you see this on EurGbp tomorrow, you know what to do.
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GbpUsd. Area of Interest with band confluence.
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Don't mistake the recommended indicator system for my scalping method. I post mainly my scalp aggressive trading here. Scalping in and out with higher lotz. Keeps me sharp. Ps: I'll get out of the NU and wait for it to come back up for re-entry. Pps: Hope someone out there got something out of this pages. Good luck guys. |
redsox11:Scalping...
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redsox11:Closest to what I do in my main live account. I don't have to use those indicators though, as I can see when the price is stretched and need to revert to the mean by looking at the price. But this indicator system is as close to what a newcomer or struggling trader need to start turning things around. Next is to work on good money management, don't be aiming to fly before learning to crawl . |
Short scalping NU right now. And waiting for 3 other pairs to short scalp today. |
For new comers , I'm going to help you start on the right foot. Please don't ask me questions here. Read it few times and get it going and thank me later. |
Would be nice to see AB=CD on AudCad for easy short trade on Monday but I doubt they will run the market that way because it would be too easy. I’ll look for short scalp trade on AU and NU. |
OlawaleBammie:Get a Driver's license or Intl Passport. |
Anyone here trading daily timeframe? Struggling trader preferably. |
AUD...
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Thin market. US bank holiday / US independence day, 4th of July. Take it easy. |
PATIENCE is key in this markets. The urge to be in a trade and FOMO(Fear of missing out) usually destroys many traders. With good practice, everyone can learn to. |
In line....
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Tianamen1:Great work boss. Keep it up, keep it simple. Consistency first , don't aim for too much just yet. Build on, block by block. |
Done with Euro pairs, took some more coins on it. Looking at UsdCad right now for a quick short scalp.
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Picked up some good coins. Now waiting for re-entry on some euro pairs as they have ran their respective ADR and need to retrace to mean.
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EG have been very predictable in recent up trend. It has been very good to me. My go to free pips. Mentioned it yesterday, that they might play the same pattern again.
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@Elizadath , I don't do any training, not even for money. I'm sorry. Page 1-3 I thought I'll lay down some forex foundation for total newbies in forex market. So as to have basic idea of forex and price structure. The thread is officially a journal from page 3 onward. I'll find a way to message MOD to change the thread name. redsox11:EurGbp just played the exact same pattern I drew up yesterday.
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maryjames9:I want to believe that, if I want to invest in FX, people here would be kind enough , to point out little things to look for, things like some proof of profitable trading and other pointers. Boss I'm sorry I'm not calling you charlatan or any one else that post on Nairaland. I'm sorry if I give that impression. I was merely talking generally and not to anyone here. How can I even dare call you that when I don't know you in person, you might be some top shot CEO that could even help me. So I'm truly sorry if I gave the wrong impression boss. |
Would be nice if EurGbp move this way. Would be some easy pips if I see that playing out.
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Don't trade everything that comes your way, do your analysis , pick the best set up. Don't be trigger happy. Keep grinding. Last 2 weeks history.
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reformedCute:Be careful out there, look for minimum of 3months of profitable account history. Live account that is, not some demo. Not entirely risk free, but helps to weed a lot of charlatans. bojbest:It's okay, I prefer he shares his insight than keep it to myself. No one should trade blindly anyways. His calls and Jamace are very close to mine. I see confidence instead of arrogance from his calls. meshpips:You're not entirely wrong but when I got in, there was obvious down trend in place. I understand market is constantly changing as intra-day trader. I just follow the price, when I'm wrong I get out of the market after retrace to minimize loss. Chart image of the GU attached.
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1 2 3 4 5 6 7 8 ... 10 11 12 13 14 15 16 17 18 (of 41 pages)
not standalone. 