Definitely not my best exits but decent trades and I need some sleep:
PS. I almost added another position at Monday low for EJ but too much risk.
PS. I almost added another position at Monday low for EJ but too much risk.
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DislikedDefinitely not my best exits but decent trades and I need some sleep: PS. I almost added another position at Monday low for EJ but too much risk. {image} {image}Ignored
DislikedNice trading...I took the same...exited EJ for 32 pips and GJ for 25 pips. My SL on GJ is only 29 pips...5 EMA of 5-day-ATR is 126 pips (rounded up) --> 20% is 25 pips + 3 pips (spread) + 1 pip = 29 pips How come you have 33 pips? I am short on the opening range breakout...let's see how deep it falls...Ignored
DislikedI had, at yesterday close on GJ 143.16 for the EMA so 28.6 rounded to 29 plus four for the spread. I missed the OR today. Might be a big mistake as there is 84 more pips to go to the low from last week. My exits are looking better now.Ignored
DislikedAh, ok. I finally found the difference....you use a 5 SMA (simple moving average) for the smoothing of the ATR and I used the 5 EMA. Correct? With the 5 SMA I get exactly your value of 143.16. My second mistake was to take the ATR value of the current day and not from the previous closed day.Ignored
DislikedYou are right. I have simple. I said EMA before. Sorry for the confusion. I set my values at midnight as I am setting my lines. I always get the value for the last five full days this way. If you use the current day reading it skews the value downward because of the small range of the partial day.Ignored
DislikedHi! Did anyone take the "yesterdays low" entry of GU? (for long) And if not then, is there a valid reason why not? ThanksIgnored
DislikedHi! Did anyone take the "yesterdays low" entry of GU? (for long) And if not then, is there a valid reason why not? ThanksIgnored
DislikedI didn't take that one as I had already gone short on that pair at 1.5230, yesterday's London close. I had just got out of that trade at +48 before it hit yesterday's low, so was not keen to enter another trade long at that point.Ignored
DislikedGood Morning. I have a question regarding Current EJ H1 Chart: • Yellow is Previous Week & Month Low. • Orange dotted is Pre London 3 hour range, which at the bottom is also current daily/weekly lows. • Blue Dotted is Previous Daily Low. Numbers 1, 2, 3, 4 indicate previous encounters with Previous Week & Month Low. √ 1st part of question is there too much going on here to consider a trade before leaving this 50 pip range? √ Next, I currently am placing emphasis on Prev Wk & Month Low (Yellow), as the key area. Does this...Ignored
DislikedI did not take it. My valid reasons: I was asleep I had already taken two trades for the night If I were awake and hadn't already traded other stuff I would have taken it and would now be waiting for a retest to short. ATR however could now creep in to be a problem for any shorts.Ignored
DislikedSometimes those weekly levels are very sticky. Other weeks the price may shoot off the level and never look back. I tend to look less at the level as it gets hit again and again. The daily levels are easier to play at this point as it gets tougher and tougher to figure out which way it wants to go. Do remember this is NFP week and there will be lots of positioning and book squaring leading up to the news so price tends to be squiggly. The range is often squeezed a bit during this week leading up to the employment figures.Ignored
DislikedI did not take it. My valid reasons: I was asleep I had already taken two trades for the night If I were awake and hadn't already traded other stuff I would have taken it and would now be waiting for a retest to short. ATR however could now creep in to be a problem for any shorts.Ignored
DislikedIt would be a loser if taken, isn't it? My indicator for Oanda MT4 taken "Sunday" Low and it is 1.5177. Do your indicator takes Monday or Sunday low?Ignored