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- Ranagol replied Oct 16, 2013
That's true, my mistake. We'll actually close in profit equal to half our initial risk.
- Ranagol replied Oct 16, 2013
This was what I was curious about, thank you Alfonso. My dilemma is: 1. Put SL to BE at 2:1, but stay in the trade with the full position, then risk breaking even for a potential bigger profit. 2. Close 50% at 2:1 and leave SL untouched, letting ...
- Ranagol replied Oct 16, 2013
That's an interesting profit taking strategy Pro Trader. One question: when you close 50% of your position do you set the other half to breakeven?
- Ranagol replied Oct 4, 2013
Thank you Alfonso, I was a little confused by that. Small mistakes are good, they make you focus even more not to make any in the future.
- Ranagol replied Oct 3, 2013
Alfonso, may I ask why you put the distal line to the red candle's high instead of the blue candle as shown on the image? image Is there a specific reason for it or does this come with experience? Thanks Alex
- Ranagol replied Sep 27, 2013
Hi Alfonso! My broker doesn't have any data pre 2008 on the AUDNZD, so I'm working with what I've got. I was actually long from a weekly demand level below @1.124, but I didn't see any weekly lines on your chart. The trade was at 3:1 at one time, ...
- Ranagol replied Sep 23, 2013
I'll try to answer this, anyone feel free to correct me if I'm wrong. Breaking the trend line doesn't automatically mean a change in trend. As you've said in your example, price hasn't taken out any demand yet, so longs could still be valid. It just ...
- Ranagol replied Sep 18, 2013
Great advice, I'll keep that in mind. Btw I keep getting this strange similarity between trading and poker. SD zones are "tells" of the market, that above sentence is like if you "bet" (open a trade), then that money is not yours anymore, ...
- Ranagol replied Sep 18, 2013
Good morning Alfonso. Are you planning to ride out the MPC news on this trade and see if it works? I was triggered on the same exact H4 supply, but decided to close it ... only +0,5 R:R, but I guess that's always better than -1
- Ranagol replied Sep 17, 2013
Hi ar58, I wouldn't go short on GBPUSD for a number of reasons. image image 1. Due to the weekend gap, price took out weekly and daily supply which tells me demand is in control. 2. Thanks to this the weekly demand below is now valid, same goes ...
- Ranagol replied Sep 16, 2013
I'm also curious about this Alfonso. In the webinar you explained that the new fractal high, which Myst1z pointed out, made it higher by 1 pip and this was enough for you to validate that demand zone and take the long trade there on a pullback. Now ...
- Ranagol replied Sep 12, 2013
Waiting for the H4 demand below price to be violated (breaking trendline at the same time) on the CADJPY, after that I'll be looking for H1 entries to go short. TP at fresh daily speedbumb demand and possible long setups with confirmation there, ...
- Ranagol replied Sep 11, 2013
That's a real shame to hear Alfonso, I hope you can sort things out and this thread can continue on either here or somewhere else. At times like these I wish I really didn't take Youtube videos for granted...so if anyone had the habit of downloading ...
- Ranagol replied Sep 4, 2013
He always does: video
- Ranagol replied Sep 4, 2013
Hi Sebkor, where did you put your TPs for EURNZD and EURCAD, next daily demand? You said you put your SL to BE after 2:1 but what happens after that? I doubt anyone lets i.e. a 5:1 R:R go to BE because he wants his TP of 10:1 to be hit, so when do ...
- Ranagol replied Sep 4, 2013
My take on that TP placing on GBPUSD: The original and fresh D1 demand is in control (though not fresh anymore due to first bounce) vs. a H1 supply with the 4th retracement (so pretty much used up already). Fresh and original H1 supply above it plus ...
- Ranagol replied Sep 3, 2013
Thanks Sebkor and Alfonso, you are right, too much trading in the area, too many wicks. I'll be looking out for those form now on.
- Ranagol replied Sep 3, 2013
Hi Sebkor, I missed that trade because for me it's the daily demand in control with that 89 pip level on my chart (130.176-129.285). Why didn't you consider that zone as demand? It took out supply (131.371-131.919) even if that was only a reaction ...
- Ranagol replied Sep 3, 2013
Yes, for manual zones the rectangle color is always picked manually.
- Ranagol replied Sep 3, 2013
Hey B.Valk! I'm guessing those zones are manual zones, so you need to change the color for supply/demand manually. The lower zone changed its color from blue to dimgrey so no problem there. The upper zone is supply so you need to manually change the ...