Yes but with a lot of the necessary real time experience we can get to the point where spotting these real life set ups becomes easier and easier for us...
M_J....thanks again for the beautiful Indie that you've provided so far so good...it alerts me and I just get right on the computer and analyze the situation and determine if I want to actually get in or not..But like I said I haven't had any issues so far based on the little notes you gave on it giving me a heads up of everything to expect...trade now...two lots in at first like usual with one lot being my trailing lot and the other I enter looking for different exit options to get out so I exited the first lot for about 40 pips but added another lot before exiting that lot with a smaller lot size at the very nice pull back of the 5 minute above the 50 level with the rest of the stochastics oversold which is an ideal scenario so I couldn't pass on this...and at this point I changed my stop loss on the trailing lot to +16...closed out two lots at the 1hour bottom of the channel for about 38 pips and 27 pips...with my trailing lot still going at this point currently up about 62 pips but I will let the market decide what I do...I'm thinking about closing that position since the aussie is at about 200 pips for its daily range today which is very very high...ok as we speak the aussie just reached the -250 fib level...so instead of being greedy I'm going to go ahead and close this position even though I do feel like there is much more down move to go but that 67 pips should do it for now...oh and in the pic I forgot to add the second vertical line for the next pull back but you can see where the 5 minute crossed back down after rising above the 50 level...situation with the stoch rope at vertical line...htf stochs were fully converged with
ltf stochs heading back down and creating a wall of its own on the way back down so with everything else considered this seemed like an ok scenario although the second entry looked better as far as the rope and even the snap back is concerned...but you never really know with the five minute snap backs...
Paul
M_J....thanks again for the beautiful Indie that you've provided so far so good...it alerts me and I just get right on the computer and analyze the situation and determine if I want to actually get in or not..But like I said I haven't had any issues so far based on the little notes you gave on it giving me a heads up of everything to expect...trade now...two lots in at first like usual with one lot being my trailing lot and the other I enter looking for different exit options to get out so I exited the first lot for about 40 pips but added another lot before exiting that lot with a smaller lot size at the very nice pull back of the 5 minute above the 50 level with the rest of the stochastics oversold which is an ideal scenario so I couldn't pass on this...and at this point I changed my stop loss on the trailing lot to +16...closed out two lots at the 1hour bottom of the channel for about 38 pips and 27 pips...with my trailing lot still going at this point currently up about 62 pips but I will let the market decide what I do...I'm thinking about closing that position since the aussie is at about 200 pips for its daily range today which is very very high...ok as we speak the aussie just reached the -250 fib level...so instead of being greedy I'm going to go ahead and close this position even though I do feel like there is much more down move to go but that 67 pips should do it for now...oh and in the pic I forgot to add the second vertical line for the next pull back but you can see where the 5 minute crossed back down after rising above the 50 level...situation with the stoch rope at vertical line...htf stochs were fully converged with
ltf stochs heading back down and creating a wall of its own on the way back down so with everything else considered this seemed like an ok scenario although the second entry looked better as far as the rope and even the snap back is concerned...but you never really know with the five minute snap backs...
Paul
No man is free who is not a master of himself. -P.M.-