EJ 1hr candles, 7 quick scalps +33.9 pips, trades on non-MT4 ECN platform lots of work for small pips
Entries and exits on lower t/f's.
Entries and exits on lower t/f's.
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Disliked{quote} Hi Phx62, Can I check with you more on the PCRF trade. You mentioned it was based on strong PA, what exactly do you mean by that? And besides the pinbar/TDI, are there anything else you look at before determining an entry? Because if I was looking at the chart, I wouldn't have entered due to the really close resistance nearby. Hoping to hear your thoughts on this, thanks.Ignored
DislikedI trade mainly 4 hour charts but I have been back-testing the 1 hour again using the MTF lastingwell has added!! I traded short on EJ, there was a double top and green crossed red on the hour! Risk 20 pips TP 50 pips R:R 2.5:1 {image}Ignored
DislikedToday NY session ej H1 , PA was consolidating below 200ema and at the 50% fib of last H4 swing, TDI mbl was rising, red and green were heading down, I entered the trade with an initial 15 pips SL, and monitored it closely, took profit at 141.10 where I saw previous support for +40 pips {image} {image}Ignored
DislikedToday NY session ej H1 , PA was consolidating below 200ema and at the 50% fib of last H4 swing, TDI mbl was rising, red and green were heading down, I entered the trade with an initial 15 pips SL, and monitored it closely, took profit at 141.10 where I saw previous support for +40 pips {image} {image}Ignored
DislikedToday NY session ej H1 , PA was consolidating below 200ema and at the 50% fib of last H4 swing, TDI mbl was rising, red and green were heading down, I entered the trade with an initial 15 pips SL, and monitored it closely, took profit at 141.10 where I saw previous support for +40 pips {image} {image}Ignored
Disliked{quote} Dear Lastingwell, Could you pls explain that h1 bearish divergence by image. I only got +30 pip today & i missed new york trade because I could not find a setup. Thanks Helanka {image}Ignored
DislikedToday NY session ej H1 , PA was consolidating below 200ema and at the 50% fib of last H4 swing, TDI mbl was rising, red and green were heading down, I entered the trade with an initial 15 pips SL, and monitored it closely, took profit at 141.10 where I saw previous support for +40 pips {image} {image}Ignored
Disliked{quote} Helanka you're doing good, but if I may say so, your last couple of trades were a bit late. The setups were good nonetheless, but maybe if you entered before the candle closes you could improve your RR a lot keep up the good work thoughIgnored
Disliked{quote} Thank you WDays, I wait till break yesterday High to enter that trade,Pls advise what is the correct Place I should enter. And also advise What is the RR. Thanks HelankaIgnored
Disliked{quote} Hi Greenb, You highlighted a potetial trouble area. Very crowded area with recent resistance, fibo 50%, and the famous D 10EMA. That previous H4 candle is WRB so that should flash a red light in our mind. If I want to enter the market now, I would look for a Fib38/50 of that WRB for a better entry price. Looking at it right now, I would prefer to look in lower timeframe H1 and M15 for an entry so long the price action is above 141.17. The potential TP is 142.50 and we see a breakaway trend, there is 143.00 which is 60% of the average weekly...Ignored
Disliked{quote} I sold just like you (along with some other jpy pairs) but I'm still in, even if price pulled back by 10 pips and after candle close it left one of those half-body half-wick APB, so not a great hope of continuation. We'll see I guess. Your TP is logical, but could you tell why you didn't stay in for more? Did something in particular make you think that only such a "small" move would occur (unlike me), or is it just your plan to head for that safest TP1? EDIT - seems like the move continues after all, but still very interested in your opinion...Ignored
Disliked{quote} Like Phx62 said, support and resistance is subjective. Usually, when there is momentum, on lower tfs i.e intraday, price can go through levels easily, but a higher TF candle may close below the S/R if it is strong enough. This hardly concerns us, I guess... I mean in a sense it does, because it's a new setup opportunity, but as far as our first trade goes, if the setup is correct, price will most likely reach TP regardless of S/R levels. In this particular case, the entry was on the break of the pinbar's high. Everything I look for was there...Ignored