Recent content by whizpar

Audcad Keeping an eye on the AUDCAD on the daily and weely TF. Price has touched a resistance level (8824 - 8791) which has held since last september. The level is also confluent to a 61.8 Fib retracement. I am looking for price to retest the level and or a IB. Happy Trading to all.

Hi Omni, What do you base your entry decision on? certain types of candles? or Indicators? etc. Hope you don't mind the question.

Price has gone through 0.655 slightly annoyed as I was long on this today @ 0.6432 but got stopped and only took around 40 pips. Oh well. Happy Trading :)

I am keeping an eye on AUDUSD there could be good shorting possibilities. 0.655 has been a good resistance level.

Brilliant trade Paul71

Hi Addisor, Another link that talks about support and resistance Forex Support and Resistance Trading: Chart Plotting System

You might want to add support and resistance lines. As there physological areas in most markets where price reacts. This thread has a good amount of info on looking for potential trading set-ups near S/R, it is quite a long read - but it is worth it...

I believe a breakeven stop is a stop loss order that is placed at the same level of the original price (which includes the spread)

I "think" the usdyen will be moving down soon but I have a short term (next week) bias for usdyen to get around 100/101 once the price is around here I be waiting for the right set up to take a short position. Happy Trading :)

The gap will get filled one day. But you need to bear in mind that the current trend is downwards and your buy order is over 500pips in the other direction. So it depends how long you want to wait for it to be filled. I am not sure what your strategy is but if I was looking to play a gap fill I...

Hi Omni, Thanks for your advice. I won't lie I currently risk between 3-10% per trade. How much I risk depends on how good the set up looks and how much I am comfortable to lose. Being comfortable with my risk is a big thing for me - I think appreciating that you could lose is key. I plan to...

Hi TD, I agree with you. I have been using the strategy that you have taught for approximately 3 months trading on the daily TF. I have started small sometimes doing 30/50p a pip I rarely do over £1 a pip but I have moved my account from £500 to almost £700. This may not be a huge amount but I...

Hi All, I am whizpar I have been reading and taking in a lot of info from the threads on T2W. Decided it was about time that I introduced myself. I have been trading for just under a year focusing predominately on forex, I am now starting to look at commodities and indices. My strategy is...

Good trade tom