Disliked{quote} Hi Strat So we should close the trade at hammer(blue box) then open other short trade at doji(blue arrow)? Like what you did today with the EURO Futures. Thanks {image}Ignored
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Disliked{quote} Hi Strat So we should close the trade at hammer(blue box) then open other short trade at doji(blue arrow)? Like what you did today with the EURO Futures. Thanks {image}Ignored
DislikedYou are exiting BEFORE the candle CLOSES - Also, watch PA relative to your entry candleIgnored
DislikedIf you are going to be so aggressive (stupid) and counter trend trade then you have to get in EARLY - your entries are too late - enter on PASR - see blue boxes. You also ignored the area identified by my thick black line {image} 5/10 - would have been 7/10 if you had not taken the counter trend tradesIgnored
Disliked{quote} It all comes down to your trading style and particularly, Risk and Trading Management. I trade several contracts on each position and PASR Set Up. I am not good at seeing my profit being eaten away (draw down) and in an effort to maximise profit, will close out a position on obvious Reverse PA which, in this case, was that Hammer. I entered short again on PASR - BEOB at resistance. Others with a different trading style and greater tolerance for draw down might switch to M5 and hold the trade longer.Ignored
DislikedEURAUD M5 Hi everyone, at "0" i put one position after candle closed, "1" i closed my position beacuse of these doji's and BE, after candle "2" closed i put two positions with a tight stop ( high of previous doji). First position out at "3" for 2RR and last position "4" out at bond hammer for 0.8RR because i'm tired and i have to sleep.Any thoughts? {image}Ignored
Disliked{quote} Trailing SL too aggresively is a real problem for me. Today I got myself out of a good trade too early. MUST BE FEAR ISSUE. {image} {quote} Yes, I know, so you take only SR levels from higher TFs like M15/H1. You do not watch PA on those TFs and it does not influence trades taken on M1/M5? {quote} Understood Strat, I will come back with more no-brainers - good PASR setups. 5/10 is poor result, I will try my best next time. When it comes to black line, I see I was unnecessarily banging with my head against it. BTW I'm still digesting your...Ignored
Disliked{quote} “Trailing SL too aggresively is a real problem for me. Today I got myself out of a good trade too early. MUST BE FEAR ISSUE.” Hi Baniu If you fear of losing profit then open trade using 2 positions strategy. Close first position when price reach green box move stop to break-even on second position then wait for price action, when price close below the green box move stop to top of small exhaustion candle(blue arrow). Hope this helps {image}Ignored
Disliked{quote} Thank you Swiftman your comments are really helpful. This is smth I will consider and test it as a potential scenario in my trading - what would happen with my PnL if I closed 1/2 trailing very aggresively and leave 1/2 to close on reverse PASR. BUT I WOULD PREFER to be patient, wait for a candle close and learn what each and every candle after my entry is telling me. I would like to SEE candles and beyond candles and act on that rather than on my emotions. I act like I act because I do not SEE yet. I believe that I will start to...Ignored
DislikedHi Strat In future trading the volume is real so why you are not add it to your trading chart? ThanksIgnored
DislikedHi Strat, I have been studying your trades and have come across interesting chart from 16.06.2022 EURO trading session. I have 5 questions. 1. There is no TP of short from 1.05170. I guess that you took profit above doji marked by me. Am I right? 2. Does some indicator plot red lines, which are on the chart? Sometimes they go from candle high/low, sometimes form the candle close, what is logic here? I assume it helps to identify S/R and it is not good to trade when there is no space between entry and these lines. Long from 1.05485 was from the BUOB,...Ignored
Disliked{quote}2. Does some indicator plot red lines, ALL lines are drawn manually - there is no indicator that draws lines where I see SR and if there was I would never trust it.Ignored
Disliked{quote} Thank you. I was wondering if those line were plotted by indicator, because I do not even know how to put horizontal (in MT5), so that it goes only from swing high/low to to the right and not through the whole screen. I assume that in this case red lines were minor SR and blue ones were major SR levels.Ignored