Disliked{quote} Now I got a closing position of yesterday entry. A +40 pips trade. {image}Ignored
Hi bmgsoares ,
Your trade is ok! You got in at the right place as well as your profit target , that was a good plan. Nice profit there!
Yvon
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Disliked{quote} Now I got a closing position of yesterday entry. A +40 pips trade. {image}Ignored
DislikedLast week was a difficult week to trade. Lost pips and trades UNEXPECTEDLY. I thought I have done my analysis before trading. I took trades that were moving away from 21ema supposedly the high probability trades but they went against my analysis, that's why I say Unexpectedly. Did any of you expert here foresee the volatility of the market before it went volatile? Is there a way to tell this is coming? Would appreciate if some of you experienced traders here can help me with this. Thank you. Desperately searching for answers, NicholasIgnored
Disliked{quote} I got a close position from the yesterday entry: + 32.8 pips. {image}Ignored
Disliked{quote} No problem Nic I hope it helps you to time you entries better like it does with me. You should see it pop up more and more The Gbp/Usd is a good one for why the market rhythm is important. If you look at the 30 min chart the break above the 89sma, break below 89sma and then move up to the 200sma is very messy. Take away the moving averages and it is going to be very difficult to workout the wave count. But put up the macd system and like magic it will show you! We know from the rules price will tend to break above the 89sma (this must...Ignored
Disliked{quote} Not sure if I have understood you correctly, did you mean that this is a risky trade even at
d? Your quote: "But we know in the 4h chart it has pulled back to the 21ema and so now, as per rules, is likely to head down from here. Meaning anyone buying at that point, even though the short term 30min trend is up (even at its peak), is actually going counter trend." Since in H4 price has pulled back to 21ema and is heading down, this is a trade that could be taken. And the probability of price going down is high because it is moving away from...Ignored
DislikedI had a lot of distractions lately and I have still some dots to fill! But let’s say I got short again in GBPUSD (about 56 pips going my way)---25 pips secured EURUSD: some 38 pips---15 pips secured NZDUSD; some 17 pips ---free rideIgnored
Disliked{quote} Were these trades taken today? 1. I traded EURUSD. Was making about 12 pips and I set SL to BE, being cautious that GBP Red news ahead. But of course it retraced and stopped me out and I never had the guts to re-enter. 2. Please share how you entered GBPUSD . I thought it was going downwards, which it did but again I did not pull the trigger not knowing if this was for sure. Besides I have a 1.67026 as a temporary resistance close by the entry. 3. NZDUSD, I did not trade either. Why? Because at the point where price was moving away from...Ignored
Disliked{quote} Hi Nic, "2. Please share how you entered GBPUSD . I thought it was going downwards, which it did but again I did not pull the trigger not knowing if this was for sure. Besides I have a 1.67026 as a temporary resistance close by the entry." A bit soon, but was expecting the pull back earlier than when it happened, sometime I am too quick on the trigger {image}Ignored
Disliked{quote} Hi Nic, "2. Please share how you entered GBPUSD . I thought it was going downwards, which it did but again I did not pull the trigger not knowing if this was for sure. Besides I have a 1.67026 as a temporary resistance close by the entry." A bit soon, but was expecting the pull back earlier than when it happened, sometime I am too quick on the trigger {image}Ignored
Disliked{quote} Hi bmgsoares , Your trade is ok! You got in at the right place as well as your profit target , that was a good plan. Nice profit there!Ignored
DislikedNic, About the EURUSD: I got in after convincing tails (yellow circles) again I was expecting a move down but it came later. When I saw a return at the original entry price, I sold it again {image}Ignored
DislikedNIC, NZDUSD: It is nice entry on the 4hrs chart, but just look at the daily, just for the kik of it: {image} {image}Ignored
Disliked{quote} Ok, and can you help me to clear the air on this, please. (from earlier post) NZDUSD, I did not trade either. Why? Because at the point where price was moving away from 21ema, all 3 moving averages (21,8 and 89) were together. And I remember Nel saying if the MAs are close together, this could indicate volatility. Is this correct and should this largely be a concern?Ignored