DislikedOne of my first few contracts. bought the gbp / usd H4. Any ideas.Ignored
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- Aug 9, 2011 10:45am Aug 9, 2011 10:45am
- | Joined Aug 2008 | Status: Member | 3 Posts
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DislikedOne of my first few contracts. bought the gbp / usd H4. Any ideas.Ignored
DislikedI normall set my S/L above the previous High or Low. However, I am always aware of the PA. GU, EU, AU are actually stagnant, if EU gets above the 1.4290 area, I may be closing.
FSIgnored
DislikedHi Fitness09. TDI is flat now (=exit rule). I have S/L at BE. If it retraces, I'll have no loss.
edit: just stopped out: 0 pips. It's ok.Ignored
DislikedI suppose, you mean the high/low of the previous candle (not the swing high). So, when the next candle opens, do you move your S/L to the high of the last candle?Ignored
DislikedThere are several good free options for webinars on the market.
Any volunteers to set up a room where all these conversations can happen in real time?
This would cut down on the congestion here on the thread and help people learn the system.
What do you think?Ignored
DislikedHi Milton - I did not take this trade but went back to evaluate it... did you enter at about 8am est when the previous candle closed. judging the FF posting times and your price it would seem so...
One observation that may help future entries is if indeed you entered at 8am est you could save yourself some aggrivation by waiting to enter when the lower TF 5m or 15m has a TDI down cross as well in concert with the Signal TF in this case the 1 Hr down cross. Using this method would have got you in about 50min later and may have kept you in the trade...Ignored
DislikedMy Stop really depends on the PA and Trendlines and stuff. AU has a wedge, so a break above that TrendLine, will get me out. GU is doing wonderfully
I actually don't move to BE unless a new retrace or consolidation occurs 30+ below my Short Entry.
This is just how I do it.
FSIgnored
DislikedHi FX-Trader. Thank you for your help. Indeed, looking at the 5m/15m for an entry after 1h signal is an interesting possibility. I checked my GBPUSD trade, it was ideal to look at the 5m chart for entry.Ignored