We had #2 entry on this pair at 8:00 gmt.Close to a 1 to 1RR.good momentum --no heat.
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DislikedOk this was a descent entry and set up not quiet a 1 to 1 to pivot low. Red arrow lower 25% entry even qualified for an engulfing candle also.The stop can go above the engulfing not the #1 candle.I would go ahead and cover now.We had a small SR zone to left that the entry touched so it was ok trade.Engulfing candles are ok but not as frequent as the lower and upper 25% close entries.Engulfing candles can be traded in parabolic and pull backs. If i ever get time i may give some tips on engulfing set ups.These lower and upper 25% closed entries have...Ignored
Dislikedodd time of day but very good entry. 55 pip risk from top of green candle to the bottom of red entry (25% lower close candle ). 58 pip distance from bottom of entry candle to fractual or pivot low . Time to cover now . This could be the starting of a range since price did not break previous low. Take care.{image}Ignored
DislikedOk i got in this one late with a buy limit and hoping it gets filled. If price goes to cover price without my fill i will negate trade.This was my 12:00 gmt time start of the us open. {image}Ignored