S/R + PA (By PeterFM)

Gain : +1.24%
Drawdown 1.55%
Pips: 187.6
Trades 9
Won:
Lost:
Type: Demo
Leverage: 1:100
Trading: Manual

S/R + PA Discussion

Feb 04, 2010 at 20:18
1,760 Views
10 Replies
Member Since Sep 05, 2009   90 posts
Feb 10, 2010 at 20:32
AUDUSD Trades 9/10 Feb 2010

https://peterfmsr.blogspot.com/2010/02/audusd-trades-910-feb-2010.html
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<a href='https://www.myfxbook.com/files/PeterFM/audusd_Feb._09_2010.jpg' target='_blank'><img src='https://www.myfxbook.com/files/PeterFM/audusd_Feb._09_2010.jpg'/></a>

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All I need is Support and Resistance
Member Since Sep 05, 2009   90 posts
Feb 11, 2010 at 14:29 (edited Feb 11, 2010 at 14:31)
Last Aus trade closed with 74 pips profit. I thought at one stage we would hold above the most recent significant Daily close line at .8868 (shown in blue in this image) but price just took us out on the dip below that level.

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<a href='https://www.myfxbook.com/files/PeterFM/audusd_Feb._11_2010.jpg' target='_blank'><img src='https://www.myfxbook.com/files/PeterFM/audusd_Feb._11_2010.jpg'/></a>

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All I need is Support and Resistance
Member Since Oct 02, 2009   53 posts
Feb 11, 2010 at 18:30
what s/r indicator are you using?
Member Since Jan 05, 2010   92 posts
Feb 11, 2010 at 18:39

doshur posted:
    what s/r indicator are you using?

He's not using any indicators, support and resistance levels are determined by pure price action.
Patience is a virtue.
Member Since Sep 05, 2009   90 posts
Feb 11, 2010 at 22:45 (edited Feb 11, 2010 at 22:46)
doshur posted:
    what s/r indicator are you using?
PipCollector is correct. Support and Resistance levels are easily determined by looking at the charts. My way is not unique but is based on a method that I haven't seen explained fully anywhere else. Here's a copy of a reply I posted to another message. I'm not touting for business as such but if you look at some of the videos there are clues there. Of course, like anything else in FX, having the ability to mark a chart up is no use unless you have a solid method of trading the levels. That you'll have to find out for yourself.

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There's a bit more info about me on my blog https://peterfmsr.blogspot.com/

I've got some students I'm mentoring at the moment but I should be free in a week or so. If you are still interested then send me a message on the email that's in my profile and I'll send you a brief outline of the course. I can also supply you with a testimonial should you need it.

You need to understand that I don't have a system or specific method as such but what do I teach can be used as the building blocks for any method you want to create around it or apply to it.

Unfortunately, I can't do this for free any more as it very time consuming if done properly. Let me know what you think about this and if I don't hear from you again I will fully understand.

Pete
All I need is Support and Resistance
Member Since Sep 05, 2009   90 posts
Feb 16, 2010 at 10:57 (edited Feb 16, 2010 at 11:00)
AUDUSD add-in trade 16 Feb 2010
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https://peterfmsr.blogspot.com/
All I need is Support and Resistance
Member Since Sep 05, 2009   90 posts
Feb 16, 2010 at 21:30
Trades closed in profit and a new one opened. Here's a video outlining some thoughts on trade management.

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https://peterfmsr.blogspot.com/2010/02/audusd-16-feb-2010-trade-closed.html
All I need is Support and Resistance
Member Since Oct 02, 2009   53 posts
Feb 20, 2010 at 10:45 (edited Feb 20, 2010 at 10:46)
i have develop a indicator which draw s/r line automatically, try and tell me how is it.
https://codebase.mql4.com/6376
Member Since Sep 05, 2009   90 posts
Mar 12, 2010 at 11:42
Details of the last AUDUSD trade. If you have any questions then please get back to me.

https://peterfmsr.blogspot.com/2010/03/audusd-trade-3rd-march-2010.html

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<a href='https://www.myfxbook.com/files/PeterFM/audusd_Mar._12_2010.jpg' target='_blank'><img src='https://www.myfxbook.com/files/PeterFM/audusd_Mar._12_2010.jpg'/></a>

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All I need is Support and Resistance
Member Since Oct 24, 2009   10 posts
Mar 30, 2010 at 00:55
Glad to see you back in action Peter.

Persistence with no other options
Member Since Oct 17, 2009   10 posts
Apr 29, 2010 at 16:45
Hi Peter.
Hope you're well. You might remember we had a private discussion via email towards the back end of last year re brokers and managed accounts..etc

I still have a lot of people interested in my services and as yet, have not found anything I would consider concrete as a home for those funds.

I was wondering if you had any joy on that front.

Many thanks

Darren
Low risk, low emotion.
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