- Search Forex Factory
- 304 Results
- Dra replied Jun 28, 2012
Indeed. Glad to see that you are finding your way trading it.
- Dra replied May 26, 2012
Yes it is, once the candle youre entering after is an engulfing..........
- Dra replied May 22, 2012
Thats one of the hardest part but in time you should be consisitent if you put in the work to get better....
- Dra replied May 21, 2012
Hello Traders — How's everyone doing? Hey MSN hope you are finding your way and improving on your trading.
- Dra replied Jan 5, 2012
Yes, the entry CF normally starts the bounce. So if you decide to enter at the 618 you would wait for a CF to form at the 618, not after it bounce at 618 then forms a candle.
- Dra replied Nov 20, 2011
Sounds like youre doing the right thing. The long term TL can be drawn from a higher time frame as well as you can zoom out/compress the chart to draw all trendlines possible then you determine the different lines. Below is a chart showing 3 diff ...
- Dra replied Nov 6, 2011
The system discuss here does have S&R entries with the use of candlesstick patterns, however what I showed in those couple pics is just another way to trade S&R.
- Dra replied Nov 1, 2011
Hey MSN, glad to know you find the info here useful. What I pointed out in my previous post with regards to S&R levels was just another way to trade these levels which I find very rewarding.
- Dra replied Oct 25, 2011
Hey Traders its been a while, how is everyone doing?
- Dra replied Jun 8, 2011
Yes that looks ok base on the system explained here. However the stops for both are pretty large you can go to 4H or 1H and look for similar setups at these reversal points.
- Dra replied Mar 29, 2011
The core system rules explained earlier in the thread hasn't changed, but what I've notice is that most who followed this system has added their personal touch to it. With regards to S&R, the entry method explained earlier in the thread stands(it ...
- Dra replied Mar 23, 2011
Trading H&S formations at S&R levels on 1H chart.. — Below is a eurusd 1H chart showing an entry at resistance. The present daily chart shows an engulfing bearish candle at resistance so my bias is bearish(short term). On the 1H you'll ...
- Dra replied Mar 21, 2011
Well not that often, just a few per year, thats why I devise an entry on the 1H time frame. I'll post a few examples later.
- Dra replied Mar 19, 2011
Trading H&S formations at S&R levels! — Below you will see exactly whats explained above on a recent GBPJPY chart, trend line was broken, swing low was also broken, then there was a retrace to form the right tip which was the entry at ...
- Dra replied Mar 16, 2011
Trading H&S formations at S&R levels! — Hey traders Dra here again. Hope you are all trading well and improving......... For those who trade S&R(I think everyone does) levels the following should help you make better decision at these ...
- Dra replied Mar 5, 2011
Well said Jedlanca, however I recommend using the daily to determine direction, you can glance the monthly and weekly occasionally but you cant go wrong using the daily to arrive at a bias. A combination of trend-lines, swing highs and lows is best ...
- Dra replied Oct 5, 2010
Shandy if you should draw the counter daily trend line, you would see that the market is now on the C-D leg up, chances are it will go all the way up to test that long term down trendline. Also the inner daily down trendline has been broken.
- Dra replied Sep 18, 2010
Maybe if you had check the daily by compressing the chart you wouldn't have entered short there. The bias was long after the bounce at support. I recommend you check the daily before trading the lower time frames. With a bounce at support there you ...
- Dra replied Sep 10, 2010
Yes I have both, my skype ID is "cadarkitek".
- Dra replied Sep 9, 2010
Is anybody there? Haven't seen any update notification email in a while, just wondering if anyone still follow or trades this system?