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Quoting Pablosf7

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I got what looked like a valid buy signal according to the 5 Method — the candle closed above the 5 EMA, TDI showed a green/red cross up, and Stochastics was also pointing up. But price dropped shortly after. I’ve been reviewing the setup, and I’m wondering... Could the reason be that price had just broken below an ascending channel? Maybe the context made it a bad idea to take that buy, even if the indicators were aligned? I’d really appreciate your thoughts on this. (Attaching the chart so you can see what I mean.) Thanks in advance! {image}

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Quoting lynnc

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{quote}Si miras las velas h4 cuando realizaste la operación, estaban a la baja; H1 también había formado un mínimo más bajo, por lo que no habría comprado allí.

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Quoting emmanuel7788

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{quote} ... “Expecting the same system to work in all market types is the definition of insanity” ... Dr Van Tharp ...

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Quoting Pablosf7

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{quote} I've added all the indicators and set everything up as explained. Thanks a lot for the help — let me know if everything looks good or if I should tweak anything. I'm excited to start testing it! Thanks to you as well @signlapadana {image} {image}

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Quoting Pablosf7

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I got what looked like a valid buy signal according to the 5 Method — the candle closed above the 5 EMA, TDI showed a green/red cross up, and Stochastics was also pointing up. But price dropped shortly after. I’ve been reviewing the setup, and I’m wondering... Could the reason be that price had just broken below an ascending channel? Maybe the context made it a bad idea to take that buy, even if the indicators were aligned? I’d really appreciate your thoughts on this. (Attaching the chart so you can see what I mean.) Thanks in advance! {image}

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Quoting lynnc

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{quote}If you look at the h4 candles when you took the trade they were down, H1 had also made a lower low, so I would not have taken a buy there.

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Quoting Pablosf7

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{quote} Thanks a lot for your reply. I understood your point about the H4 candles being bearish, but I’d like to better understand what you meant by “H1 made a lower low.” In the chart I shared, I added a yellow label that says “Lower than?” to ask if that specific point is the lower low you were referring to. I'm just not sure what level you're comparing it with. Could you clarify that a bit more? Also, I’m often unsure what to do when H4 and H1 give opposite signals on the TDI. For example: If H4 shows a clear buy setup but H1 shows a sell signal…...

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Quoting emmanuel7788

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{quote} @lynnc Es bastante sencillo si has asimilado completamente estas publicaciones: publicación n.° 1, publicación n.° 11, publicación n.° 261 y publicación n.° 647... y luego la publicación n.° 2617. Es realmente así de simple y fácil SOLO después de haber hecho la Práctica Profunda... {imagen}...

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Quoting emmanuel7788

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{quote} Jun 05, Tokyo 10am JPY pairs remains volatile. My safer bet is to short USDJPY until the end of this week then we review our trade plans for next week. {image} ...

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Quoting Pablosf7

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{quote} Thanks a lot for your reply. I understood your point about the H4 candles being bearish, but I’d like to better understand what you meant by “H1 made a lower low.” In the chart I shared, I added a yellow label that says “Lower than?” to ask if that specific point is the lower low you were referring to. I'm just not sure what level you're comparing it with. Could you clarify that a bit more? Also, I’m often unsure what to do when H4 and H1 give opposite signals on the TDI. For example: If H4 shows a clear buy setup but H1 shows a sell signal…...

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Quoting lynnc

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{quote}Where you have marked "lower than?" that is what I was referring to. Sorry I am not on my desktop so I can't put a chart up at the moment. Also, if H4 and H1 are not in alignment I will not usually go against the h4. It is always easier and smoother to take a trade along with the bigger timeframe than trying to go against it. For example the trade you are showing now in your post, I would not take that one. I would rather wait for a buy signal on H1 than take the sell you have taken. The 4 hour is up, and by the way, so is D1 and W1, why...

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Quoting Pablosf7

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{quote} Thanks a lot for your reply. I understood your point about the H4 candles being bearish, but I’d like to better understand what you meant by “H1 made a lower low.” In the chart I shared, I added a yellow label that says “Lower than?” to ask if that specific point is the lower low you were referring to. I'm just not sure what level you're comparing it with. Could you clarify that a bit more? Also, I’m often unsure what to do when H4 and H1 give opposite signals on the TDI. For example: If H4 shows a clear buy setup but H1 shows a sell signal…...

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Quoting lynnc

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{quote}I am back at my desk so I have attached what I look at, on H1 its the simplest way to look at it I've found - understand we all look at charts in different ways, this is simply how I find the easiest. The first chart shows H1 at the time you took the buy. I take note of higher highs and higher lows if I am buying, hoping to get in at what I "think" will be the end of a retrace, but if price has managed to push lower than it did on the last retrace I will check the 4 hour first.{image} 1 glance at the 4hr would make me wait. {image}

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Quoting lynnc

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{quote}I am back at my desk so I have attached what I look at, on H1 its the simplest way to look at it I've found - understand we all look at charts in different ways, this is simply how I find the easiest. The first chart shows H1 at the time you took the buy. I take note of higher highs and higher lows if I am buying, hoping to get in at what I "think" will be the end of a retrace, but if price has managed to push lower than it did on the last retrace I will check the 4 hour first.{image} 1 glance at the 4hr would make me wait. {image}

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Quoting emmanuel7788

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{quote} @lynnc It is Friday London 7am now. Below is EurUsd Jun 06 4Hr and 1Hr charts You can make all comments now on what you see and NOT after the fact many hours later. {image} {image} ...

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Quoting eelfranz

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So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY./// Big E

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Quoting emmanuel7788

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{quote} @lynnc It is Friday London 7am now. Below is EurUsd Jun 06 4Hr and 1Hr charts You can make all comments now on what you see and NOT after the fact many hours later. {image} {image} ...

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Quoting emmanuel7788

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{quote} @lynnc It is Friday London 7am now. Below is EurUsd Jun 06 4Hr and 1Hr charts You can make all comments now on what you see and NOT after the fact many hours later. {image} {image} ...

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Quoting lynnc

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{quote}I have had you on ignore for a very good reason but I have had so many pm's telling me about your posts and /// ///

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Quoting lynnc

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{quote}I think you missed some of my post to him, when I commented on the sell he had on EU last night, nothing I have seen so far this morning has changed that view. I would not be buying or selling yet.

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