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- the_wizard replied Oct 22, 2015
The key difference is that I usually do not wait for price action on the H1 but rather enter an order, ahead of time, at what I perceive to be excellent areas. A quick note on your Fibs - the 50% is a decent enough area to look at when you have ...
- the_wizard replied Oct 21, 2015
That general area will be good although it is a long way off! If we start to approach it, we will refine the level further.
- the_wizard replied Oct 21, 2015
Hi Banco, Can you post a chart as I am not sure exactly what you mean? -Tom
- the_wizard replied Oct 21, 2015
Hi Siamceltic, Sorry for the delay in responding. EUR/GBP The EUR/GBP trade was a decent enough level. However, I have attached a chart showing what I consider to be the last high pre-breakout on the H4 chart (0.7216) which is slightly lower than ...
- the_wizard replied Sep 28, 2015
Hi SiamCeltic, I will give you some feedback on each of these charts but before I do, do you want to fill me on on whether you took the first four (I notice the last three haven't hit your engagement levels yet) and if so, what the result was?
- the_wizard replied Sep 28, 2015
Thank you for the kind comments and I hope you enjoy the webinars. Regarding the trade you outlined above, remember: whenever you take a trade you must ask yourself whether you are taking it to make up for something else (the previous trade you ...
- the_wizard replied Sep 28, 2015
Hi Mark, Sorry for the late response but yes, that does qualify as a shooting star formation. Where these formations appear is vital. This one appeared at an excellent area of prior support lows that also offered confluence with the 61.8% Fibonacci ...
- the_wizard replied Sep 19, 2015
Hi Mark, What, exactly, did you do in the AUD/USD?
- the_wizard replied Sep 16, 2015
A quick update on the EUR/GBP that I posted yesterday. Note the importance of your entry when it comes to lack of follow through in the anticipated direction. If you entered at A (as discussed above) you have the option to take profit at the next ...
- the_wizard replied Sep 15, 2015
Thank you! Glad to be back. Mind you, with it being so long since the last post, I wonder if we can get this going again?!
- the_wizard replied Sep 15, 2015
Now what I was ideally looking for was a quick drop into this area on Monday. In actual fact what you can see happened is that we based on Monday at the upper level (marked with the green arrows) but just couldn't find much strength there and it was ...
- the_wizard replied Sep 15, 2015
Going back to the first post I made today - the reason I prefer communicating via webinars is because it is usually easier. To give you an example, here is the trade above, covered in 2 minutes and spoken about before it set up: url
- the_wizard replied Sep 15, 2015
Coming down onto the 60m chart, we will see the former resistance level marked with the green horizontal line at 0.7326. This is the area that you wanted to be watching closely at the beginning of the week but the most precise entries are usually to ...
- the_wizard replied Sep 15, 2015
To refresh memories or to serve as an introduction to others, I thought I would post a setup from today. This is EUR/GBP - not a pair that I trade often or that I particularly like but this one allowed for a serious precision entry on the long side. ...
- the_wizard replied Sep 15, 2015
I just noticed I had unsubscribed to my own thread! Suffice to say, it was unintentional. Still, I have been absent from this thread for a long while now. There are a few reasons for this. The main one is that once the strategy is largely taught, ...
- the_wizard replied Dec 30, 2013
You are very welcome :-)
- the_wizard replied Dec 30, 2013
mtrader, did you take this trade? -Tom
- the_wizard replied Dec 29, 2013
I would like to wish all the readers of this thread, health, happiness and success for 2014. Since many like to make New Years resolutions and give themselves goals, I'll leave you with the words of Larry Elder: "A goal without a plan is just a ...
- the_wizard replied Dec 23, 2013
To keep things simple; If there is significant price action on the daily TF, I use that TF to pinpoint a target and then drop down to the H1 to enter. When this situation occurs it offers trades with potentially fantastic risk/reward scenarios. ...
- the_wizard replied Dec 23, 2013
I always check the daily TF first as that enables me to answer the question of how far to run the trade.