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Attachments: Learn&Earn
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Learn&Earn

Quoting Inthebox
{quote} i personally keep the 14 n 100 throughout all time frames. you can also see on post 2 there was an entry on m5. why? for me it's mtf. when i see a set up in say m30, i can go to m5 for entry without changing the setting. or make the entry in m30.
Thanks. I suppose it doesn't matter what the CCIs show when you look at 5 min chart for an entry. The fact I'm looking for an entry means the 15 min CCIs have given the confirmation anyway.

Tomorrow I'll post any trades I take, see if I can get some feedback here. I know I need to take less trades - FOMO is a difficult beast to tame!
watching
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ITB - Seeking Orderliness amongst 'Randomness'
a fast reversal of momentum to the upside.
shows that charts are more important than currency strength indicator. always analyse the charts first before trade entry.
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ITB - Seeking Orderliness amongst 'Randomness'
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how do you use currency strength indicator to help you in your trade entry?
we need participation.
ITB - Seeking Orderliness amongst 'Randomness'
tp at yesterday's low
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So I just took this on GA. 37 pip S/L (below 3 candles previous) so a 37 pip TP, so a smaller than normal position. Any feedback?

UPDATE: after 1 hour in the trade (trade was underwater the whole time) prince has come back up and re-tested yesterday's high, before being swiftly rejected and now sitting on BE. If it breaks through yesterdays high with any momentum, I'll move S/L to BE and let it run.
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2nd trade today. GN re-tested then broke yesterday's high, with double CCI confirmation. This required a 48 pip SL, so again only a small position. Would you have taken this trade?


3rd trade of the day is the CHFJPY image below. Any good?
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Quoting bluepanido
So I just took this on GA. 37 pip S/L (below 3 candles previous) so a 37 pip TP, so a smaller than normal position. Any feedback? {image}
nice. higher high higher low with momentum.
now facing resistance. see whether price holds above the trend line and cci 100 holds above zero.
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
{quote} nice. higher high higher low with momentum. now facing resistance. see whether price holds above the trend line and cci 100 holds above zero. {image}
Thanks. How long do you let these trades run for? As we're trying to catch breakouts, should we exit the trade after a certain time period if price hasn't 'broken out' of the area where the trade was entered?
Quoting bluepanido
{quote} Thanks. How long do you let these trades run for? As we're trying to catch breakouts, should we exit the trade after a certain time period if price hasn't 'broken out' of the area where the trade was entered?
depends on your risk tolerance and experience.
per example above using the trading time frame m15, one can exit trade when price closes below trend line.
or when cci 100 closes below zero line. since cci 100 closed above 100 showing momentum, when closes under zero it loses its momentum.
one can even hold longer if higher time frames favor it.
however in this case, i think it is not so when looking at d1, h4, h1.
ITB - Seeking Orderliness amongst 'Randomness'
most of gbp pairs caught in a range.
ITB - Seeking Orderliness amongst 'Randomness'
Quoting Infassen
{quote} It is important to focus on keen selection of the currency pairs to trade. With the right currency pairs, your chances of making profits are much higher. The currency pairs that you trade can be determined by several factors such as your trading style and experience level. Trading psychology lessons will help you know how to manage your risks and overcome greed
I agree with you one hundred percent that a good understanding of trading psychology is necessary. As Whatever pointed out we don't have to be in a trade as there will always be another - and probably better - opportunity just around the corner.
gbp weakest at the moment
ITB - Seeking Orderliness amongst 'Randomness'
Quoting Inthebox
gbp weakest at the moment
Indeed! Both my GBP trades got stopped out
Hi,

Okay, CCI below -100 on M15, H1 and H4. And the 14SMA is below the 100SMA on all three time frames - which I believe is the same information. There was a very definite breakout below yesterday's daily low so I took a position with a twelve pip stoploss. Let's see how it goes...

Cheers,
pipShine
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Quoting pipShine
Hi, Okay, CCI below -100 on M15, H1 and H4. And the 14SMA is below the 100SMA on all three time frames - which I believe is the same information. There was a very definite breakout below yesterday's daily low so I took a position with a twelve pip stoploss. Let's see how it goes... Cheers, pipShine {image}
beware of coming d1 support
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ITB - Seeking Orderliness amongst 'Randomness'
GA heading back up to test yesterdays high...again

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From tiny pips mighty oaks grow
Quoting Inthebox
{quote} beware of coming d1 support {image}
I saw that and that was actually my target. But I never made it...
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