The ideas that I trade by:

[MightyOne]

A simple BOx trade in the direction of profit:

Step 1:

Step 2:

[MightyOne]

Step 3:

[MightyOne]

Step 4:

Go back to the HTF and consider your trade and what you might do to make it even better.

[jmag4]

So I found a HTx on GBP/USD weekly, let me know if I'm seeing this correctly



fib drawn from 25 pips from the top of the weekly HTx


So I can short anywhere in the fib area? for 0.75%?

edited

[MightyOne]

So I found a HTx on GBP/USD weekly, let me know if I'm seeing this correctly



fib drawn from 25 pips from the top of the weekly HTx


So I can short anywhere in the fib area? for 0.75%?

edited

Your risk would be ~(0.75 + 0.5%) because you added 10 pips (0.5% risk) to the 15 pip min. space.

When you fade a strong trend, on a large chart, you want the end result to be a wickdoll pattern.
Your next hope is that bodies show the way down

Remember: Bodies show the way by closing over 'something' & wicks show the way by not closing over something.

It would be an aggressive trade, but aggressive trades often pay off in several easy doubles.

[forextrading]

So I found a HTx on GBP/USD weekly, let me know if I'm seeing this correctly



fib drawn from 25 pips from the top of the weekly HTx


So I can short anywhere in the fib area? for 0.75%?

edited

Your graph showing the trend is rising - in my opinion long search

[forextrading]

Your risk would be ~(0.75 + 0.5%) because you added 10 pips (0.5% risk) to the 15 pip min. space.

When you fade a strong trend, on a large chart, you want the end result to be a wickdoll pattern.
Your next hope is that bodies show the way down

Remember: Bodies show the way by closing over 'something' & wicks show the way by not closing over something.

It would be an aggressive trade, but aggressive trades often pay off in several easy doubles.

Exactly. Risky move, the trend is upward.

[jmag4]

So I found a HTx on GBP/USD weekly, let me know if I'm seeing this correctly



fib drawn from 25 pips from the top of the weekly HTx


So I can short anywhere in the fib area? for 0.75%?

edited

Your risk would be ~(0.75 + 0.5%) because you added 10 pips (0.5% risk) to the 15 pip min. space.

When you fade a strong trend, on a large chart, you want the end result to be a wickdoll pattern.
Your next hope is that bodies show the way down

Remember: Bodies show the way by closing over 'something' & wicks show the way by not closing over something.

It would be an aggressive trade, but aggressive trades often pay off in several easy doubles.

So I should probably wait for some sort of momentum downwards before taking this trade as it is currently too risky.

This was just at a quick glance at charts to see if I could find an example to understand where I place my fibs etc.

So once I get into the trade and it is going my way, I look for another WDx/BOx to add to my position?

[forextrading]

Sandra,

This is a 2 day extreme. As you can see sometimes works as S / R.

http://www.mql5.com/en/charts/2097590/e ... rski-banku

[forextrading]

+ 8 pips today.

Body shows the direction. Play in the direction of the body.

http://www.mql5.com/en/charts/2097657/e ... rski-banku