Quote:
Originally Posted by ammar486
Nice chart and nice trading.. But what signals you to get in or out ? Is it the candlestick pattern ? or what ? and whre do u place ur stop?
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Ammar the signals are the lines themselves, hence the trendline thread. The big red guy is a Support line that dated back weeks and was also used as Resistance. I knew it would bounce cuz it usually does, and that it wouldn't hold the second time cuz it was too soon for it to be retested and hold, just a matter of hours.
I love candles, but they still are a trailing indicator, cuz you have to wait for them to close to know what they look like.
The same trendline or S and R line will project into infinity, and depending on it's importance, will generally hold at least once.
As far as the stops, the nice thing is that they can be close due to the 'line in the sand' factor. You are either right or wrong and there is very little middle ground. I do a min of 30 pts.
Better than a quick post here, google BRV no brainer trades and read it all.
I will post later, but right now the EUR is making a wedge that I really like-- kinda like the last time when she jumped a few hun pts.
Keep right.
Blizzard
