RplusT wrote: Sat Jun 11, 2022 12:48 pm
Don't get annoyed Pumba. We all learn from other people's approach and trades. I'm sure you had your reason to place that trade.
I don't trade FX but opened the chart out of curiosity i.e. thinking what would have I done.
It is obvious that the GBPUSD is constantly moving South. Thus I'd have a Framework like this on the 4H/D1 TF and my consideration of shorts would be at the 1.26 level.....moving to the 1M chart to place my entries with low risk. Placing a short down near an S/R level would be a no, no for me. Of course such level can be broken (as it did, but much later)....but that's hindsight at this stage. Just my 3 Cents.
This Thread is called "BeatlemaniaSA's XU-Hybrid Trading System" I believe and the entry shown was based on the new template Beatle has shared (I looked at my own for confirmation) and took the trade based on that.
I personally dont care about S/R Levels, nor do I care a lot about Trendlines.
I know you love your Trendlines and great that it works for you, but I am doing well without them.
My FX approach is Systematic. I get alerts on my phone when my System is giving me an entry signal, I then open my charts, take a quick glance and take the trade.
Simple as that. It´s working.
If you want to learn from other people´s approaches the go ahead and do that, but dont go around criticizing other peoples trades without any reason whatsoever.
Everyone trades differently. Respect that. If you dont like the trade I took or take then go to your own thread and mind your own business.
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew