GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
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DislikedGoing long when red line broken and 1hr closes above it, is it correct?Ignored
DislikedHello Pipskidnapper,
Just trying to understand one thing here - do you base your trading on the indicators or is it purely based on the price action and the S/R, trendlines, etc.?
I believe we all have a lot to learn from your style - that sure is one heck of a style!
Thanks for being around...
-A.Ignored
Dislikedyep .............that is right
that means we need three conditions to be:-
1- the 1h candle must close over the trend
2- retreat from the trend....
do you know why ......???????????
because the trend which you see is the trend of 4h frame........not for 1h
we need that....
i couldnt sacrifice the 4h frame by 1h frame....
if the price didnt retreat.... leave your plan dont enter the market.....
it is better to leave your dealIgnored
Dislikedthe indicators are your mirrors in the market... not your mind ....
my tools you will find it in your pc.
moving average.........stochastic............ets
that means.....we need firstly use them then make our analyzation ....Ignored
Dislikedthe indicators are your mirrors in the market... not your mind ....
my tools you will find it in your pc.
moving average.........stochastic............ets
that means.....we need firstly use them then make our analyzation ....Ignored
Dislikedyep .............that is right
that means we need three conditions to be:-
1- the 1h candle must close over the trend
2- retreat from the trend....
do you know why ......???????????
because the trend which you see is the trend of 4h frame........not for 1h
we need that....
i couldnt sacrifice the 4h frame by 1h frame....
if the price didnt retreat.... leave your plan dont enter the market.....
it is better to leave your dealIgnored
DislikedIt might be very clear but still I want to see if I got it right:
1 You dont enter long after the 1H closing above the downwards trendline at the start of the next 1H candle, you are also wating for the next candle to go up then you have confirmation of a succesul breaking of the trendline.
2 you said there are 3 things that have to happen, what is the third?Ignored
DislikedThe 1hr bar has now broken the red falling trend line and is moving away from the 4hr trend line, on close of this bar at 7:00pm GMT long trade should be taken.
Is this correct according to your analysis?Ignored
DislikedAccording to his analysis I think the conditions are:
1- 1hr bar breaks the falling trend line
2- 1hr closes above the trend line
3- 1hr bar is rejected by the 4hr trend line
and we should enter on open of the next bar, I do not think there would be any more waiting.
Of course pips will correct me if the above is not rightIgnored
DislikedThanks for the advice, but I may come back to you with more questionsIgnored