Hm it looks like I saw the right signals to go long on GBPJPY and EURJPY. But they bounced around a little with the prize.
Buit what is a decent stoploss than, 50 pips?
Buit what is a decent stoploss than, 50 pips?
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DislikedHm it looks like I saw the right signals to go long on GBPJPY and EURJPY. But they bounced around a little with the prize. Buit what is a decent stoploss than, 50 pips?Ignored
DislikedWell I thought I am the only one that get stopped out in this thread, so your post is very welcome yaysayer : )Ignored
Disliked{quote} H1 long looks healthy H4 has found a bottom, an H1 retrace (short) will happen when the H1 finds a top............but the daily is beginning a BBS, I would not trade this long for very far or at all. the GBPUSD H4 looks to have a CROSS forming, once completed I see further downside for the pound................Ignored
DislikedUSDCHF - monthly - short week short to nearing a bottom......... Daily nearing a bottom........ H4 still short, ADX expansion full short - DS and RSIma have turned back down............all sto's below 20 line H1 sto's nearing a bottom, ADX expansion is short soon to rest, RSIoma and ds nearing a bottom............Ignored
Disliked{quote} that's the nasty part of the multi TF equation i'm afraid : until we get more proficient at lining them all up at the right time, we have to expect fakeouts. Say you get a setup on D and H4, a divergence indicating an approaching top for example : you wait until a move short starts on the lower TF and jump in. The move short on H1 could still be a tiny retrace short on the last push long (D/H4), and this will get you stopped out, and even worse, make you doubt your analysis and potentially miss the real start of the move short that you expected...Ignored
Disliked{quote} Cross seems to have confirmed or would my entry here still be 1 candle to early Alien? It's an overnight trade so i put SL at last H4 swing high and TP at just above 1.66 for almost 1:1 RR. {image}Ignored
Disliked{quote} I will see if I can clarify fake outs and how to avoid them....................Ignored
Disliked{quote} M1 topped out , M15 was nearing a top, H1 shows price divergence to come back down, we must look at MTF's ..............to stay safe.......Ignored
Disliked{quote} Is it best to just ignore setups like this near tops and bottoms then? I was aware of the top but thought all those signals would help push it through. On a side note, I sold EURJPY and GBPJPY earlier this evening, up 20 pips on both so far...Ignored
Disliked{quote} Cheers From what I've observed the longterm trend changes when all 3 stochs rise from <20 or drop from >80, and trendchange is confirmed when 100-stoch switches side. The fakes that get me is when the 100-stoch crosses the 20/80 line but drops again almost immediately, giving the active trend one final rush. Dropping down helps with catching a move when it starts, but before that i often end up in the shorter retraces from the highTF move, like i described in my post. I hope I gave enough detail to show my thinking, I'm either missing...Ignored
Disliked{quote} The green sto is the direction of trend and price............ The black sto is the heartbeat of the market and travels long and short as the trend moves along............Ignored
Disliked{quote} I will see if I can clarify fake outs and how to avoid them....................Ignored
DislikedGood day, looks like long move is preparing on UJ Please, comment {image}Ignored