Dislikedyesterday night was great.i did enjoyed.
tommorrow night i have to spend all the money i made this week.(valentine)Ignored
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Dislikedsorry it was late yesterday night.i tried but ff was offline.
but here you go.
see the chart.
after first trade if you made 20 pip i made 40.
2nd trade is a loss about 10 pip.
same with 3rd trade another 10 pip loss. alltogether 20 pip loss and 20 pip profit.
eventhough i was right less than 40% my profit is same as you 20 pip and you were right 100% your profit is 20 pip as well.
trade no 4.if both of us take the same trade my profit will be lot more than you with small stop loss.
because i will enter...Ignored
DislikedJust had my eyes opened. I see what is happening. I had been focusing on reactions off the keltner lines rather than reactions off previous resistance turning into support within the keltner channel. I think placing buy stops just above the old resistance area would be the lowest risk for sure with small stop just below. If stopped out, Reload and fire at the next lower level.
Sho, question, how far would you have let the price retrace in the last chart before you would have considered the long entries not valid?
You are correct as I would...Ignored
DislikedSpent evening reading the thread from beginning. Some really great stuff in here and seems like a friendly place to hang out. will be here on monday for sure. better go now before the wife throws computer at my head!!!
oh, for those that struggle with posting charts look up 'jing' on google. download free software. its good and simple to useIgnored
DislikedHi Sho,
Take a look at the trade taken on Feb 2.
The momentum was apparently UP, and I thought I should look to only take a long entry, and entered long. But the result was a loser.
You would take a long entry at the same bar as I took, shown as Entry?
If so, you would cut loss when the price drops 1 pip below the signal bar?
Thank you for your patience and time, and enjoy your holiday!Ignored
DislikedHi Sho,
Take a look at the trade taken on Feb 2.
The momentum was apparently UP, and I thought I should look to only take a long entry, and entered long. But the result was a loser.
You would take a long entry at the same bar as I took, shown as Entry?
If so, you would cut loss when the price drops 1 pip below the signal bar?
Thank you for your patience and time, and enjoy your holiday!Ignored
DislikedHi Sho, you mentioned round numbers but do I don't see any pivots plotted on your charts. Do you use these or not?
ThanksIgnored
Dislikeda question for post 357 you say you lose 10 pips 2 times but then you win 40 pips and 70pips ? how do you get out of them winning trades i dont see you have a hard profit target because the first one is 40 and the second one is 70 pips and i dont see divergence ?
best regardsIgnored
DislikedHi Sho,
Take a look at the trade taken on Feb 2.
The momentum was apparently UP, and I thought I should look to only take a long entry, and entered long. But the result was a loser.
You would take a long entry at the same bar as I took, shown as Entry?
If so, you would cut loss when the price drops 1 pip below the signal bar?
Thank you for your patience and time, and enjoy your holiday!Ignored
DislikedTrade-price, you would do better to learn price action at James16 thread here at FF. Keltner channels do not provide support and resistance, you are misguided.
RegardsIgnored