moved SL to b/e plus some on the AUDUSD
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DislikedHi Sunshine and all, just to let you know I am here and do understand all that you have said and to thank you on behalf of all those who I'm sure are getting some benefit from your posts I know how hard it can be keeping up with posts while trading at the same time Nice JobIgnored
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PS: Daily still in Sell Mode.
Disliked{quote} correct and thks for your response..., u forgot to mention the time frame but i take u know...so here we go... as unreal as it seems, the Weekly TREND INDICATOR tf is still in Buy Mode...why ? bcz the LSH is still intact AND no new LSL is invalidated yet. now we please refer to the Signal Generating tf... the 4hrs. on the chart below, the green x indicate probes are in order, the purple LSH indicates a close above it confirm intraday buys, or u can enter now and put your SL below the lowest 4hr bar. please read the chart below....ofcourse...Ignored
Disliked{quote} correct and thks for your response..., u forgot to mention the time frame but i take u know...so here we go... as unreal as it seems, the Weekly TREND INDICATOR tf is still in Buy Mode...why ? bcz the LSH is still intact AND no new LSL is invalidated yet. now we please refer to the Signal Generating tf... the 4hrs. on the chart below, the green x indicate probes are in order, the purple LSH indicates a close above it confirm intraday buys, or u can enter now and put your SL below the lowest 4hr bar. please read the chart below....ofcourse...Ignored
Disliked{quote} I am in 2 trades on this one, where would I look to be taking profit?Ignored
Disliked{quote} at the moment deep retracement or resumption of downtrend in place, i don't know which...but don't panic, keep your SL and watch the effect of the LO..may change hopefully. the present hourly will definitely close red, so the next hourly bar will either reverse or take out your SL should it reverse then ride all the Green hourly Up bars and exit at the 1st Reversal bar OR ride the Green 4hr up bars and exit similarly, or preferred::: raise SL to b/e on one trade and take profit on the other. do the same if u [prefer to ride the 1hr bars....Ignored
if anything is unclear then please let me know.
on the charts u will notice, the LO & NYO as well as the 4hr LSH...all labelled in their respective line colours. the reason i have included those Open times is because gopips mentioned in his earlier post the importance of trading above or below that open times...but that issue i will address in his post.
DislikedHi Sunshine and all, just to let you know I am here and do understand all that you have said and to thank you on behalf of all those who I'm sure are getting some benefit from your posts I know how hard it can be keeping up with posts while trading at the same time Nice JobIgnored
Disliked{quote} Prime example yesterday... i was so busy focusing on replying and sending out possible trade directions for the day that i missed my AUDUSD trade completely...by the time i looked at the chart again, the optimum entry was gone forever. what happened was... ...i was waiting for a possible retrace to 7930 area and as such drew a line on the chart to alert me as price approached, ...i looked at the hourly tf and and saw the trade setting up with several red bars coming down, ...so to remind me next time i come back to that chart and tf, i inserted...Ignored
DislikedI just want to show how important the Monthly,Weekly and daily Open is in relation to your trading decision making. a good rule is if price is below open you sell or above you buy {image}Ignored
Now apply that specific price levels to selected charts and tf's such as the Monthly & Weekly and u will see that one can dispense with the much vaunted and celebrated "Price Action" altogether, including all the other chart cluttering mathematically derived indicators, and i literally mean ALL of them.
What am i saying ? i am saying to trade and invest successfully, only these 4 price levels are needed actually, depending which direction one trades, only two of these levels are needed. You probably already know this so before u reply, just do a little tafakkur, ponder, reflect and thinking on what i have just said....let it sink it or let it rise to the surface...both is correct.
once again, thank you so much for your participation on this thread.