EUR/USD Weekly PBS

This topic has 3 voices, contains 4 replies, and was last updated by  deborah.peterson 17 days ago.

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February 2, 2012 at 2:01 am #1554

arturszweda

We were talking about it, waiting for it, and structured it in the class. It rolled over, pulled back and gave another chance to enter the trade (because I missed the first one :) Weekly setups does not happen often, so how do you guys like this PBS?

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February 2, 2012 at 3:23 am #1556

Aaron

Hey artur… Looks alright, can’t say exactly because I wasn’t in that class, but my question would be did you enter the trade based on more than just one (weekly) timeframe setup? Could you have tweaked your entry by dropping down a timeframe or two, say to the Daily or H4? Did you get in at that price because you were afraid of missing a move?

  • This reply was modified 108 days ago by  Aaron.
February 2, 2012 at 9:59 am #1558

arturszweda

Hey aaron, weekly was my setup Time Frame, it works well with H4 where the price action was in the double top area. If I would use H4 as an entry TF on ATM it would cut most of the potential profit so i dropped down to the H1 and spot lower swing high reversal. It hesitate there a bit but finally dropped down. You could even go to M15 and trade brake down but it is all because of setup on W and double top area on H4. That means lower capital risk. Otherwise I would not mix weekly with hourly or m15.

February 13, 2012 at 11:41 am #1612

arturszweda

So who thinks that Weekly PBS is still on? we got reversal pattern on H4 but is it a moment to jump in?

May 3, 2012 at 9:52 am #1629

deborah.peterson

How did it ever turn out? Did you make a lot of Pips?

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