Nirvana,
Nice chart - congrats on your success. One question for you. Do you set SL to BE at TP1?
Thanks,
Sandy
Nice chart - congrats on your success. One question for you. Do you set SL to BE at TP1?
Thanks,
Sandy
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DislikedNirvana please note next Monday is Labor Day in the US so US banks are closed.
SandyIgnored
DislikedNirvana,
Nice chart - congrats on your success. One question for you. Do you set SL to BE at TP1?
Thanks,
SandyIgnored
DislikedThanks,
The only fixed SL I implement is the initial "other side of the range SL"
However if I see some profit and then price move back to the BE area, I may close the trade depending on price action, and how the chart looks in general.
The best trades seem to be when the price takes off and never looks back,Ignored
DislikedI noticed, Like I said, I didn't place any trades this week due to the bank holiday,
But if you want my opinion I would stay in the trade for now (G/J)
Price is in a mini uptrend on the 5min chart, But the overall trend is down and price was nicely rejected from 151.38
Good luckIgnored
DislikedWhen it enter the box it will continue uptrend until bounce back .... but if the price pass the side of box it can be huge uptrend for a weeksIgnored
DislikedWho knows Everyone will have a different opinion. The truth is, if we could really predict the market so well, we wouldn't need any boxes to show us how to trade
Good luck w your tradeIgnored
DislikedI still use the 4H box system. we don't trade inside the box or put other breakout on the same box side. only 2 position per week. i'm just follow the rule.Ignored
DislikedI still use the 4H box system. we don't trade inside the box or put other breakout on the same box side. only 2 position per week. i'm just follow the rule.Ignored
DislikedIf you were following the rules you wouldn't have closed your short trade yet
Hehe, sorry, I'm just kidding. I think it's important to do whatever you think is right
And you are totally correct. Some aspects of the chart look bullish, especially if the box breaks to the upside. I love how this system gives you a second chance.Ignored
DislikedI still use the 4H box system. we don't trade inside the box or put other breakout on the same box side. only 2 position per week. i'm just follow the rule.Ignored
Dislikedwe are now short, do you mean that if the price breaks the box upside (SL), after that we should BUY ?Ignored
DislikedI believe those to be the rules.. Although I re-read the Ace's first post and there is no mention of it!
I'm certain that is correct though, Either that or I'm losing my mind
(For the record I have never done this. I call it a day after the first trades have been closed)Ignored
DislikedIf you follow the rules you would still be in your short with a loss. In your post #2947 you said you exited your short with profit.Ignored