daily for living ...
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DislikedSo here is the first trade posted.
This one was set up as a pending sell stop and was based off of a "Fractal Down" break. The TDI was running lower although there wasn't a distinct cross at the time.
The TDI would have shown a cross as the trade triggered, but the candle did pull back.
Entered with two trades - SL set to 2XATR(7) which was 130 pips, so SL @260 pips. TP1 set to 260 pips. TP2 currently open - will wait to see how the trade progresses.
Currently this trade is +50pipsIgnored
DislikedEntered Short E/J at the opening of the 3rd short candle. Up 40pips now. I just moved my stop to TP at +10pips.
From what I learned from the Big E there are 2 things to consider with this trade.
1. I should have entered at the opening of the second candle not the third.
2. Most moves last 3 - 5 candle... So I locked in the 10 pips because there is only 7 hours left before the weekend and I don't want to hold this over the new year weekend.
Any thoughts, concerns or advice??? Please critique me...Ignored
DislikedI think you made a good move. The volumn is very low - take your profit and have a fun weekend. As far as when you got in - I like to have the green below the 50 line and get in. It looks like you got in one candle later - so what - you made pips bottom line - gongrats - no critique here. I do think eelfranz was referring to the H4 chart when he said 3-5 candle moves. Daily appears to be many more. As long as the green & red TDI line are below the 50 line it looks like, in my visual backtest, that you can stay with the trade.
DislikedI can see what you mean. There appears to be more than 5 candles on these daily moves.
Do I have my TDI set up wrong? Both the red and green line are below the 50 line on mine.
Just closed my position for +41 pips.Ignored