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  #21 (permalink)  
Old 11-27-2008, 08:21 AM
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mphpopular is on a distinguished road
On smaller TF. Breakout + Retest
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  #22 (permalink)  
Old 11-29-2008, 12:45 PM
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mphpopular is on a distinguished road
NzdUsd

The purple TL broken, and it doesn't retest again.

For me, now the market trading in a rectangle, I wait for Breakout + Retest again.
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  #23 (permalink)  
Old 11-29-2008, 01:23 PM
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mphpopular is on a distinguished road
USDCAD h4.

Pay an eye on Ascending Triangle
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  #24 (permalink)  
Old 12-05-2008, 03:50 AM
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Lugner is on a distinguished road
This is extremelly useful knowledge. This technique should be studied by all traders. It complements most any strategy.
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  #25 (permalink)  
Old 12-05-2008, 04:55 AM
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Dave137 is on a distinguished road
Cool

I used to follow patterns like these, but in the end, I ended up contributing to the brokers pockets. While these patterns work pretty good, they can also bite you in the buns when the currency does not do what you anticipate it is supposed to do. It is still gambling!
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  #26 (permalink)  
Old 12-05-2008, 01:10 PM
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mphpopular is on a distinguished road
USDCAD Broken + Retested.
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  #27 (permalink)  
Old 12-05-2008, 03:03 PM
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I always use this technic with fibonacci and it is good for me..
Your post is good, we think the same thing..
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  #28 (permalink)  
Old 12-05-2008, 03:27 PM
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mphpopular is on a distinguished road
Nice retest.
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  #29 (permalink)  
Old 12-05-2008, 03:31 PM
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From time to time, I miss tons of pips bcoz waiting for retest of broken.

In fact, I doesn't know should I always wait for retest.

Trade breakout, how?
1) Once the price break the TL, direct enter trades without waiting for candle closed.
2) Enter trades after candle closed.

Anyone who trade based on breakout and wish to share their opinion? You are welcome.
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  #30 (permalink)  
Old 12-05-2008, 06:17 PM
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Currently on view. But guess this trades wont get executed since market gonna closed soon.
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