i put an order on usdchf
edit:it missed my order with 4 pips, this is 3'rd order missing today for me
edit:it missed my order with 4 pips, this is 3'rd order missing today for me
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Disliked....just combinated with 5min strategy, moced SL to 65 then entered with second lot and now got total closed 1st entery +30 pips second +20.............Ignored
DislikedI wanted to post my reply early but I was busy. I took that trade on the E/U because on the 11th of March I was looking at a similar trade but then I didn't take it because it scared me the huge red candle and now when I saw the same thing I took it. On my chart the price closed above the 21EMA just like on the 11th March. The same thing happened on the U/J on 11th of March and now. To me it look like similar setups. I have attached the chart.
As for the rule most of the time is the market rythm and emotion that determine you to take or not take a TC.
This is just my opinion and I am quite new to this system.Ignored
Dislikedluckytiger:
You will see from the past charts that when the rhythm is strong and if something has happened in the past and the same set-up is happening now, the result has a good chance of being the same. This is all contingent upon the rhythm being 'there'. I've taken a lot of 1hr trades based on the 4hr rhythm with the 1hr being in a channel, support/resistance area and the same thing happened over and over because of the 4hr rhythm. It's key to pick up on this like you have mentioned.
EU looks 'tricky' right now, might have a re-test below the 21....Ignored
DislikedI missed the GbpUsd zerobreak 04:00 candle but 89 was to close
MACD TC/Zero Bounce short signal. Price went up and test the top TL finding resistance then came down with TC signal
Entry1.5701
SL 1.5738
TP 1.5623 and if it runs then bott TL Will take 50% after 25pips
Edit 1
50% closes after +25pips. SL to BEIgnored
DislikedHello Phillip, nice trade on the euro. I have a question please, i see on your chart that price had closed just above the 21, were you concerned that price might find support here, because i have skipped trades before bec of that reason which is price closing just above a moving average.Today on my chart it closed above the 21.
But if i look at the entire motion and set up i can see that there were more signs indicating a short move raher than supposrt and move up. such as price forming a 3rd lower high
price going back above the 21 but failing ot make a higher high,. the move was perfect according to the rules except that i wait for the candle to close below the 21 which is the next candle. But that closed right on a trend line,.I understand the candle emotion is too obvious to favor a short move,.
Then i waited for a retrace since that is a 100 pips candle.
i am not triying to look for reasons not to trade but weighing every possibility before pulling the trigger.i am passing on this trade because now it is too late to enter but would like to hear from you. i would appreciate a reply . i hope you understand my question, thankyou.
nadia.Ignored
DislikedThat tail and the fact that the news of a rate cut indicated a down move more than an upmove. The odds was more in my favour to go short then long and the fact that the tail tested previous support trendline. That was my reasons. In an uptrend with no real news it is good to wait for the price to close below 21 unless their is strong emotion(candle and patterns) that show possible direction. Then take the odds on.
PhillipIgnored
DislikedThankyou,
That is what i thought it was about as well, Weighing the odds and if they favour a certain direction more than the other then take it on,. Thanks again for answer.
Naida.Ignored
DislikedLooks like three little sisters. I wonder will we have a pull to the 21 or it will go straight to the 89. I personally wait for a pullback.Ignored
DislikedTook G/U short today, based on the close below 89 and MACD TC, but was closed at breakeven by the tail (look at the 1 hour chart). Maybe should have re-entered, but didn't want to chase the market.Ignored
DislikedOur rule says-
1) After the price crosses the 89sma it tends to pull back to the 21ema before it carry on its direction if it is a trend direction change.
2) Otherwise it tend to test the 89sma again and then it runs over and across the 89sma till it finds direction
3) And then it pulls back to the 21ema before proceeding on its path.
Looking at this gbp/usd chart, it looks like it has full filled the conditions 1 and 2. Now are we expecting the condition 3 to be happend?
I know this has been discussed over and over, but this is the most important part of the system and we need to understand very clearly.
Thanks.Ignored
DislikedTook G/U short today, based on the close below 89 and MACD TC, but was closed at breakeven by the tail (look at the 1 hour chart). Maybe should have re-entered, but didn't want to chase the market.Ignored