Recent content by novice198

As a newbie I did demo trades but using various systems / methods. Thereafter changed over to live account and was up 25% in 3 months. then a couple of loosing trades got me into panic mode and since then the trading is going downhill. Maybe no more trades till I get my confidence back in the...

Thanks for your input. Initially, my entry was supposed to be above the 1.3800 RN, however, after seeing the small PB on 1H TF and CC's views I changed my mind and entered earlier. In hindsight the 1H PB was not even worth looking at, let alone taking action based on same. I am definitely...

Thanks for the analysis, which is much appreciated. I did draw the Fib and the 61.8 was at 1.3893 and my resistance was at 1.3863 and as such I had planned to take profit at 1.3850. Pic attached. Alas it seems there is wide gap between my understanding of S&R and the way the PA is behaving...

Thanks for the analysis. This week already chalked up another loss on live account EUR USD. I preferred to go long on EU instead of EG as EU paired the stronger currency with the weaker. Enter long @ 1.3777 with 35 pips SL. Within one hour trade was over with 1.5% down the drain. So far 80%...

Hi CC, I got burnt in the GBP/ CHF short trade last week. Twice the sell order got triggered and both times the price reversed immediately and took out my SL of 50pips (1st trade) and 70 pips (2nd Trade). Somehow, my winnings are small and loosers are big and as such overall I am in negative...

Thanks for your analysis, which is clear. I should be looking at the longer TF for the trend. TA equals Technical Analysis

Thanks for the Analysis Jimbo. In other words we can say that maybe the PA retraced on the 4H TF for another downward moment at a later stage and as such we should not pull the long trigger. Ofcourse if the PA keeps going above the 60SMA on the 4H TF for a longer period we can start looking for...

Hi Traders, I have come across the following situation and would request your guidance:- GBP / CHF chart, 4 H TF the PA has cut above the 60 SMA. personally I would like to wait for this candle to close above 60 SMA. 1H TF and 5 M TF the PA is already above the respective 60 SMA. Therefore...

As patience is a virtue in this game, I will wait patiently for the ebook from CC. Cheers

Hi Andy and senior members, Thanks for all the info in this thread. Can I have the E Book for this system inorder to read more before trading. CC I have sent a mail to you for the ebook, however if others can provide the book then no need to trouble CC for the e book. Seems fairly straight...