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[jimmytube717]

whats your stop loss and take profit and why ?

[tradingmajic]

@jimmytube717

Stop loss should always go above the swing high for shorts and below the swing low for longs. Take profit at first sup/res because 70% of the time a market will bounce or reverse off sup/res on the first test. Therefore, take profit at first resistance if long and fist support if short. If the market should then breakout, you then reenter in the direction of the breakout it's not until after the breakout that the market has estatblished new sup/res. What method do you use?

[jimmytube717]

@tradingmajic I use candlesticks for support and resistance on a 30 min chart, i look for large candles to appear on the euro/usd pair and when price retraces halfway up or down the candle I enter the trade with the stop loss above or below the candle depending if i am long or short, works well.

[tradingmajic]

@jimmytube717 Ah yes, the range bar tecnique. I can vouch for this technique. A long range bar is the equivilent to a 3 bar swing in one bar. Thus, the concept of swing sup/res is at play on a range bar. The top of a bear range bar is swing risistance and the bottom of a bullish range bar is support. readers should be advised that your approach is an excellant one. Not in my opinion because I have none. It's what the charts say as far back as we can look. And this looks good...

[detoxx3215]

hahahahahaaa u must be high

[tradingmajic]

Yes I am. High on pips. I'm not hiding. I make trade calls everyday for subscribers

to my services. by the way, I gave you that thumbs up as a thank you for giving me an excuse to talk about my results without appearing to be bragging. See, cause I don't advertise. Those like you do it for me. Cause when they come to my site to see the joke, they will really be laughing, but I gurantee you, they won't be laughing at me...

[ishhhiii]

can i ask u why u want to teach people? not trying to be annoying but i try to keep my mouth shit about everything i know.. i did all the hardwork

[aleksbenk]

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