DislikedNice chart. There should be an inner TL which you didnt draw, until that inner is broken and tested I wouldn't go long. If it was far away say 200 pips away I would consider it but its right there.Ignored
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DislikedPosted below is the audnzd trade we took yesterday, We got stopped out, but it was a "good" entry. By reviewing it I'm seeing where we could/should you use a higher stop, say a stop above the first high, reason I said this is because it seems we are in a rage or heading into a range. The high we took the trade on was within 20 pips of the previous high, that should be considered as the same level on a 4H chart. Look out for these type of setups in the future and study them.Ignored
DislikedI would have thought you can't really have C lower than any previous high. In my eyes the previous high would be C but you were waiting for an entry which is where you did enter. So you really entered not on the true C but on a bounce of the TL after C. This is fine I think judging from your rules but I agree, the stop loss should have been beyond that true C.
Correct me if I'm wrong though...
(This is for the pic back two not the one you just posted)Ignored
DislikedPosted below is the audnzd trade we took yesterday, We got stopped out, but it was a "good" entry. By reviewing it I'm seeing where we could/should you use a higher stop, say a stop above the first high, reason I said this is because it seems we are in a rage or heading into a range. The high we took the trade on was within 20 pips of the previous high, that should be considered as the same level on a 4H chart. Look out for these type of setups in the future and study them.Ignored
DislikedPosted below is the audnzd trade we took yesterday, We got stopped out, but it was a "good" entry. By reviewing it I'm seeing where we could/should you use a higher stop, say a stop above the first high, reason I said this is because it seems we are in a rage or heading into a range. The high we took the trade on was within 20 pips of the previous high, that should be considered as the same level on a 4H chart. Look out for these type of setups in the future and study them.Ignored
DislikedHi Dra,i've been reading through your thread for about a week and think you have done a fantastic job with your explanation of the entries.You obviously have been exposed to MTI and you are doing a good job,keep it up.Ignored
DislikedHi Dra,i've been reading through your thread for about a week and think you have done a fantastic job with your explanation of the entries.You obviously have been exposed to MTI and you are doing a good job,keep it up.I would like to comment on this particular entry.I saw the entry myself but didnt take the trade because the outer TL was broken which should have been respected.Please tell me what u think and keepup the good work.Ignored