me posting via my mobile..
Sonic
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DislikedUCad: Entered long. Again, early entry as I did not wait for the current candle to go beyond the previous candle by at least a few pips. Also, not yet LS. FO/LO could pull this back. SL is mental. This is trade 3 long on this pair. I show TP1 because it is appropriate to the trade, but I probably will let this run with the other two trades until one of the earlier picked TPs is reached.Ignored
DislikedI took this thread before the news. There is expectancy. SL is the red line below. If I'm lucky I'd like to reach RDH as depicted on the chart. Remember...your R:R is the most important thing. If a trade goes in your favour and then without hitting TP1 goes against you... don't wait your SL to be hit. You exit at BE or with some pips loss. On the long term your R:R will become better and better and you'll be successfull. Take care.Ignored
Dislikedbtw, instead of thread I wanted to say trade. it's just i had too much alcohol today....Ignored
DislikedHi, TAH
Newbie here, still learning the rope of the system. Spotted this double-top failed to break the previous high. Do you think we'd better close the long trade upon the break of the neckline (which was already broken)? I observed one of the earliest posts where Sonic took profit upon seeing a Double-top.
Thanks.Ignored
DislikedNo doubt the M15 is the time frame chart we trade, and certainly PA rolling over twice (with the second time at a lower level) is a sign that an upwards breakout is being stopped. However, look at H4 (attached). It clearly shows a concentration of PA that is probably being kept in a tight range by the "powers" in the market while they load up (longs). It also shows that while the Dragon is moving up and down, it is doing so in an ever rising fashion. And then, there is that lower TL area......Ignored