No losing trades today, lovely. Haven't looked at charts all that closely but I don't think there were any losing set ups at all.
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DislikedMorning V. I took this exact E/J trade although I didn't enter until FO. Been burnt too many times with an abrupt reversal right at FO. Out too early (as usual) at only +18.
Also took the cable trade at about the same time and out for +14.
Today I started out trying to trade E/U, E/J and G/U but 3 pairs are too much for these old eyes. Think I'll focus on just E/J and G/U.
The bad news is I then took the second LH on cable - late entry on my part and finished up -12. Ouch..... Not sure what Roystons indicators read at that point in time, so...Ignored
DislikedNice trades O.
Attached the gu 2nd trade you took.
OK at the time the top line would have shown red arrows down for a negative but still open candle 1hr candle, the 1hr candle now showing green boxes as it has subsequently closed positive. The 15 min candles middle line also showed solid red. Bottom line red so we are below the 1hr 8lwma. A perfect 5 minlh.
As mentioned its only
(1) FH reversal time that kept me out and
(2) Mrs V (back sick again going to Dr this pm) is FIRMLY of the opinion that FH has 1 and 1 tradeable move only. She would...Ignored
DislikedMrs V (back sick again going to Dr this pm) is FIRMLY of the opinion that FH has 1 and 1 tradeable move only. She would have been seriously ticked off if I'd have lost money on a 2nd move in FH. I'm not gonna argue with her.
It will be wrong at times but its saved losses on numerous occassions. Trade 1 move and 1 only in FH.
1st 2 trades you mention, nice.Ignored
Disliked
The bad news is I then took the second LH on cable - late entry on my part and finished up -12. Ouch..... Not sure what Roystons indicators read at that point in time, so I'll use Snapshot for a while to understand them a little better.
Anyway, thanks for the 2 good trades.Ignored
DislikedWhat you are saying about reversals, and trades available during FH is very interesting Vantage. I am always wary of that time of day, but have never formulated a strategy to cope with it. Respect to Mrs V, that's what I say, lol.... and when you trade EJ, do you alter lot size or stops? (It seems to have much bigger swings than other pairs)Ignored
DislikedI'm still catching up on the thread, so pardon me while I ask what FH stands for?Ignored
DislikedPlease pass my regards and thanks on to her.
Royston - E/J has been very "jumpy" lately ............... in my opinion you need a 20 pip S/LIgnored
DislikedNice trades O.
(2) Mrs V (back sick again going to Dr this pm) is FIRMLY of the opinion that FH has 1 and 1 tradeable move only. She would have been seriously ticked off if I'd have lost money on a 2nd move in FH. I'm not gonna argue with her.
It will be wrong at times but its saved losses on numerous occassions. Trade 1 move and 1 only in FH.
Ignored
DislikedI've come to a similar conclusion over time. On occasion, I used to try to get on the move with the next HL or LH if I missed the first one in Frankie's Hour. This proved to be a poor allocation of funds and often didn't have the best R/R even when I did get a good move. In addition, if you do catch a good trend mid-way through the Frankfurt move, you will have to be very careful about taking your pips because we so often see a quick pullback leading into London Open that can quickly wipe out your profits.Ignored