Definitely not an easy day to trade.... Almost all candles have wicks on both sides with just 59 pips of range....
Moving from the playing field to the sidelines...
Moving from the playing field to the sidelines...
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DislikedHello guys
Here is an explanation about the concept i was talking about some days ago: Building a case for entry.
In the following charts you will find an explanation about how to think before your entry.
Basically you have to prove to yourself that you have enough reasons to enter the market.
As i mentioned before, you can even start scoring these arguments.
It cant get simpler than what we had today....
Happy green pips to all of you!
Munir
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DislikedCouldn't agree more. Price moves up to Y's high/low of 5 and 6 Nov support becomes resistance. Ihr upper wicks + divergence, didn't want to go up for 4hrs. Mrs V took entry from 15 min, divergence + head and shoulders pattern. Her target exit next W pivot at 2726 for about 45. We'll see if we make it.Ignored
DislikedBTW, I noticed that you have a Money Manager EA, is it free or proprietary?Ignored
DislikedI still have a long way before the things become so simple to me...
I noticed but disregarded the first pullback candle as being too far from London session to have influence, I did not noticed the pinbar, I did not noticed the Resistance area, I noticed the second pullback candle and considered it more like an inside bar, indecision candle, not really a signal candle. When the TDI cross become clear enough to me the price was already almost 20 pips below the candle Open Price and I was afraid that is too late to entry, so I stayed sideline......Ignored
DislikedHi Vantage
3 questions to you:
- Who is Mrs V? Its your wife? She is a trader as well?
- Whats lwma that you usually refer to?
- How do you integrate Pivots in your trading plan? Why would you exit at W Pivot? because of confluence with fibs, SR or other?
thanksIgnored
Dislikedhi guys,
i dont know if it's just my luck or i am finally getting better and better but I have made lots of money in the past few days
i circled all of my profits in the screenshot. Yesterday I also entered the trade when there was a big sell at 1.2732 but was stopped out at 1.2741 (so lost about -11 pips, including spread). I paid them off with all my profits. I made 28 pips during US election and 90 pips during Euro big selloff the same day. Today I also made 30 pips. I should have entered after the first M15 candle in Frankfurt (was...Ignored
DislikedHi guys and gals (I know that at least we have one lady among us - Mrs V )
I have been learning a little bit about inside bars.
Could some of you clarify how do you interpret and trade them?
Can you easily see them using HA candles?
thanks for the help
MunirIgnored
DislikedA couple of EU H1 trades...one on Wed and the other today. The one today is basically a bounce trade off the 38 fib following the Wed move down. I also had a couple of M15 trades also posted this week.Ignored
DislikedThis chart will help you better understand the big picture of trading.
Trading can become as simple as this....
Combine it with divergence, moving averages, fibs and you will have the "holy grail" in your hands...Ignored
DislikedThis is only to show how we should prepare our charts everyday in order to find good trading opportunities.
The real deal is not to be surprised by the market and be prepared for all scenarios.
Have a nice trading week.Ignored