hi hugh,
i see setup buy at gu...
buy stop at 1.5716...
any opinion is appreciated...
regards.
i see setup buy at gu...
buy stop at 1.5716...
any opinion is appreciated...
regards.
Peace Yo!
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Dislikedhi hugh,
i see setup buy at gu...
buy stop at 1.5716...
any opinion is appreciated...
regards.Ignored
DislikedI didn't want to get too indepth and derail your thread or anything but very nicely put and my thoughts exactly as far as how I look at it...Ignored
DislikedYes Hugh your right. Im still looking at indicators (cci and Stochs ) to much, vs looking at the overall trend and PA
This is where have discretion comes into play not just blindly looking at indicators.
I was really hoping to have a more mechanical approach, using indicators to help make the decision but this has to change.
hes a chart what Im looking at considering going long with the up trend.
The problem here thou is the indi's show a short trade but the trend is still up...so ignore cci and Stochs ?...:{
SRIgnored
DislikedSo given the above scenarios, maybe look for PA to reach a TL on the 4 H chart.
Drop down to either 1H or M15 and using Stochs/CCI when they cross in same direction as 4H trend initiate the trade...
Any thoughts there Hugh ...Ignored
Dislikedupdate:
gu open buy at 1.5716....
target tp is 50 pip..
update1:
eu open at 1.3131..
tp 50 pip..Ignored
DislikedI wouldn't put you off either of those trades, I think they have the potential to work out. Why are you using a 50 pip tp? What if the trade goes 200? I think you are using a 50 pip stop loss as well right? If that is the case then there is nothing wrong with a 1:1 risk to reward as the probability of these entries is quite good but I prefer to let these trades run as far as they can. That's the big benefit to using heiken ashi candles.
Good luck with your trades.Ignored
Dislikedhi hugh,
could you eleborate more on "have the potential to work out"...Ignored
Dislikedupdate:
gu open buy at 1.5716....
target tp is 50 pip..
update1:
eu open at 1.3131..
tp 50 pip..Ignored
Dislikedsummary...
enter trade follow trend....
gu currently pussing up... hit my sl first before going up again...
credit to hugh for today lesson... (trade follow trend)...
nite...Ignored
DislikedIt seems as though the up move is now totally exhausted and market might make one final push up with the sunday gap but may sharply reverse as price is hitting critical points on the higher time frames as far as support/resistance or tops/bottoms whatever one wishes to call it...but according to this strategy I suppose that one would have to wait for the down move to establish itself before jumping on board...but daily stochastic seems to have topped off at these critical points on eu gu au nu....of course I do still have a bullish sentiment for...Ignored
DislikedWell I try not to form opinions about what's going to happen next as I have a habit of being wrong!
I would say that for a while now the general direction for xxxusd pairs has been down and eurusd and gbpusd do seem to have had a good pullback. Audusd and nzdusd are rocketing up the page with no sign of stopping. Usdxxx is acting in a similar fashion so we can tell it is a weak dollar that is pushing all this along. The only question is when is USD going to kick back in and start pushing these pairs back with the overall trend, if at all?
I'm...Ignored
DislikedIgnored
Dislikedhi hugh,
is this mean that you will using renko chart instead of heiken ashi to decide an entry? or you will use both?
any different between this 2 chart? any pro n con?
thanks...Ignored