You are most welcome!
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Here is the important use of post#1 and my use of a 50 pip stoploss. Initial order was made and then stupid politicians talking about EU Sumit spike the markt from the ''Rainbows and Lollies'' speeches.....Once the markt sugar rush goes away the markt returns to fundementals and initial drivers giving me a ''Double Down'' moment (see post #709) and I add to my sell position at a higher level than inital sell order...
trying to join history in the making both in EU and EJ, still in the short entries bounce off of DP and S1 accordingly!
S3 i hope fufufufufufufufufufufufuufufu...... . gonna have pimples tomorrow
EDIT: the retracement hit my trailing stop... sigh... another day tomorrow i suppose.... green pips to all of you!Ignored
I am not sure but this morning I believed to have seen a your post replying to my question about news.
Was I drunk or did you cancel the post?
Some time 1 pip can make the difference in this business.
I took the same trade this morning but my SL has been taken; fortunately I could recover in the afternoon with the second trade ... day closed in BE.
Let me add that I think to have made a mistake going in the first trade because the stoch H1 was overbought and PA had not enough force to come over the previous low (pictures H1 and M5 + red vertical lines are entry/exit point).
Probabily RJ make the most conservative choice with the first entry.Ignored
I have to ask.....on the second chart, why did you let the PA run all the way to the SL? Did it not occur to you pretty soon after your short entry that stoch was climbing and exiting with a small loss might be the best plan of action?Ignored
Yelena always deletes most of her posts afterwards so if you want to keep the answer, copy and paste it somewhere else.Ignored
Good question RJ,
unfortunately I am not yet a full time trader;
I am a "quite old" aeronautical engineer for living and yesterday morning I had a working meeting therefore I decided to get in with only 1/2 ARS short to reduce the risk and placed my SL few pips above previous resistence.
I can assure you that if I had been in front of the chart I would take my exit and reversed immediately
I know I should trade higher TF but they don't fit with my personality.
ps: you explained it clearly few posts ago ;-)Ignored
Should have waited for the trendline to break ;/
Keep the trade or cut looses? Take L? What should I do ?Ignored
Thank to RJ I discovered HA bars which integrated with matrix are a powerfull tool.
If from one side these bars filter very well noises and increase your feeling about the trend/reversal unfortunately from the other one they hide the PA because cover the traditional Japanese bars.
After many research I found out the enclosed indi which allows you to visualize HA in a separate window.
I started to use it in the stoch window (see picture below) and I think it could be interesting
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