Nothing exciting dragging alongThis time of year momentum could start slowing down.Anyway this is a 5pip spread.If your stops are covered by now everything should be ok.{image}
- #163
- Edited Jun 28, 2018 12:34am Jun 27, 2018 3:10am | Edited Jun 28, 2018 12:34am
This one happened late in the day( right at daily candle close) --momentum finally pushed down.Everything lined up well.Daily rsi down-lower 25% entry. The distance between the entry and pivot low was at least a 1 to 1. Another rangy one. Trading Conservatively is a small loss-Aggressively meaning taking it down to the pivot would have been a winner and possibly more. 
Anyway this is an example on exits ....i've had some traders ask me about it. First of all exits is the most difficult part of trading imo...it can really work on the emotions.If your trading a quiet a few pairs that means more risk ...so really don't won't to overextend yourself imo.On this particular entry you can see price going up and down after the entry. Sometimes i use discretion on covering. During the slow times of the day the momentum slows down.So during the london session if i'm awake or the US open i'll wait for the candle to close at half way point of my risk before covering unless i see a pin bar spike or something.....or you can take some small losses along the way in case price hits the covered point and goes down. 
I would never trade this pair because of the spread.Anyway this is a good example how the buyers come in 2hours after after the london session.You can see
how price and momentum shot up with no heat on the next candle. The little zone on the left doesn't hurt.We had plenty of room for risk because our pivot high was up on the left (red line). I will more than likely be taking some time off charts but i'll be back later.I have some projects to take care but will be glancing from time to time at the charts.Hopefully i have helped some of you.Have a good weekend. 
how price and momentum shot up with no heat on the next candle. The little zone on the left doesn't hurt.We had plenty of room for risk because our pivot high was up on the left (red line). I will more than likely be taking some time off charts but i'll be back later.I have some projects to take care but will be glancing from time to time at the charts.Hopefully i have helped some of you.Have a good weekend.
- #168
- Edited 10:49am Jul 6, 2018 10:26am | Edited 10:49am
I've been pretty busy but i will go over a couple of setups that qualified per rules.The EY was obviously ranging here and the next candle after entry candle(red arrow) did not get filled after entry so personally i would have negated trade. A more of an aggressive trader would have done fine.The daily rsi was up. 
Another rangy one -and depending on the exits either break even or winner.Not a good trend. You can see pin bar created at the pivot high to the right of price.This was a good exit confirmation.Not saying price won't keep going up. No one knows. I'm just trading probabilities and trying to be consistent. 
- #172
- Edited 4:12pm Jul 18, 2018 10:51am | Edited 4:12pm
This pair nzd/cad (3 pip spread) not too bad. Nice pull back here . Look at the momentum after nice signal top 25% close candle...small green pin.We look to the left and see are pivot high to the left versus are risk (entry candle). Not a perfect setup for me but acceptable . The reason i say not perfect is because the rsi 5 did not quiet go below the 50 rsi but very close,otherwise great setup. One position should be in the money if trading conservatively .If other positions traded should be covered now.When counting the 5 candle low and highs it doesn't have to be consecutively--just start at top or bottom depending on trend. I thought i would get into more detailed info since i had a little time.Another point i want to make is we want to get in the meat or middle of the trend-not tops and bottoms. Hope this helps. 
- #176
- Jul 19, 2018 11:42am Jul 19, 2018 11:42am
This is just trend -price action.Look to the left of your chart --RR is good before entry.Seasoned traders look at their risk before engaging.Look where price bounced off the pivot high to the right.Top 25% closed entry candle with the close and high less than one pip.Ok guys and girls hope ya'll have a good
weekend.I still have some projects i'm working on and if i see some interests and likes i'll continue to posts when time permits . 
weekend.I still have some projects i'm working on and if i see some interests and likes i'll continue to posts when time permits .
