SAFE - KISS

Quoting okrim

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Looking better at BTCUSD, i think the yellow trendline is better than the red one, I say that because if you see the "point 1" on the chart, the first swing where i should put the trendline was too low, and making the red trendline too steep. I hope I am explaining my idea well, sorry I am not english tounge, that why i like to use screenshot with arrows and nice stuff. So, if we base our analisys on the yellow trendline, if hypotetically speaking the daily candle close above the yellow trendline, we still don't enter long, because the actual candle...

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Quoting Ralffe

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{quote} Well done Once price moves below the current low at 147.90 you could move your SL to BE safely.

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Quoting Ralffe

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{quote} You should read my posts from post 203 about trading or hedging pull-backs on the 4H

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Quoting Ralffe

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{quote} No. That will not happen unless price continues to higher highs. Hopefully not. Note the bounce came exactly where it should have albeit higher than I would have liked. We are now waiting to add on to shorts if price comes down & continues down. {image}

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Quoting okrim

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{quote} Hi Ralffe, thanks, i will do for sure. But due to my lifestyle, i cannot guarantee my self the possibilty to follow H4. I will stick to daily TF, and i will trade H4 if and when I can. So, said that, based only on daily TF, are my analisys correct? Thanks, Mirko

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Quoting Ralffe

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{quote} Yes you are on the right track & going well.

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Quoting MrGreen95

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Just playing... eurjpy h4, is the trendline hinged good? {image}

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Quoting okrim

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I make a question about a situation that can occour many times, see the attatch screenshot. Thanks! Mirko {image}

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Quoting Ralffe

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{quote} Very strong resistance there for sure. I traded the retrace on the 4H But I would not be going long again until the high at is broken & confirmed. I do not expect to see this. Waiting now to add shorts. Probably tomorrow. We need to see price hesitate going down (could be doing that now) to set the next line & add a short.

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Quoting okrim

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{quote} Thanks for the answer, so generally speaking even if we have the signal for a long trade but we are below a resistance we avoid to enter, and if we have the signal for a short trade but we are above a support, we avoid to enter. Right? Thanks again, Mirko

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Quoting Ralffe

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The expected pull.backs are in motion & as I said they are best played on the 4H. If played they will be hedges to the original trades. I usually look for a 50% retrace on these trades. So long as they don't break the Daily lines they can only be regarded as pull-backs. {image}

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Quoting Ralffe

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{quote} One would be foolish to go long today. Super strong resistance. Even a candle over the line would still have me waiting to see Monday's action. Safety first always.

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Quoting okrim

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{quote} Hi Ralffe, could you speak about money menagement? I would like to know those things: 1) When you enter a trade, do you calculate your lot size according to the distance of the initial SL to have a fix percentage of risk? 2) How do you menage to calcolate the maximum percentage of risk, knowing that you can have more than one open trade? How many trades do you allow yourself to be in simoultaneously? 3) I see that some pair you follow have great correlation, like nzdusd and gold for example. If you are in both them, aren't you too exposed?...

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Quoting Seabreeze

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Hi Ralffe Would I be right in thinking that we would place a buy trade on EURUSD lf the current candle does not cross back into the red line. sorry if its a dumb question i'm just trying to learn. {image}

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Quoting Ralffe

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{quote} Normally yes but I smell a huge bull trap. I would not be making that decision today.

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