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Highest Open / Lowest Open Trade

  • #13,341
  • Aug 16, 2018 9:53am Aug 16, 2018 9:53am
Another Bad trade

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  • #13,342
  • Aug 16, 2018 10:03am Aug 16, 2018 10:03am
Quoting kevin1959
Sold at 1.2736 locked in 10 pips regards Kev
out for ten pips
Reason is made it'sway around 50% of the previous 1 hour candle.
Against the rules but now buying
  • #13,343
  • Aug 16, 2018 10:11am Aug 16, 2018 10:11am
Quoting kevin1959
{quote} out for ten pips Reason is made it'sway around 50% of the previous 1 hour candle. Against the rules but now buying
out for 5 pips.
reason is resistance on the 5 min chart
  • #13,344
  • Aug 16, 2018 10:22am Aug 16, 2018 10:22am
Quoting Moly_Cam5
{quote} How should i get benefit from this? will be glad to know how ,,
I think you missed the sarcasm. I said that, it should be golden, while in fact, it isn't.

The often small reverse is actually more of a trap. If you are really quick, you can sometimes nab a little something but always be prepared to bail.
  • #13,345
  • Aug 16, 2018 10:24am Aug 16, 2018 10:24am
Quoting jaimeale
Another Bad trade {image}
I don't touch the CHF with a bargepole - in any combination. SNB manipulated.
  • #13,346
  • Aug 16, 2018 10:25am Aug 16, 2018 10:25am
Quoting kevin1959
{quote} out for ten pips Reason is made it'sway around 50% of the previous 1 hour candle. Against the rules but now buying
Reason is made it'sway around 50% of the previous 1 hour candle
  • #13,347
  • Aug 16, 2018 11:12am Aug 16, 2018 11:12am
Quoting lemercenaire
{quote} I don't touch the CHF with a bargepole - in any combination. SNB manipulated.

Excuse me lemercenaire, my english isn't very good, you say me CHF is manipulated and you don't trade it?

I understand well?

Thank you for your support
  • #13,348
  • Aug 16, 2018 11:23am Aug 16, 2018 11:23am
Quoting jaimeale
{quote} Excuse me lemercenaire, my english isn't very good, you say me CHF is manipulated and you don't trade it? I understand well? Thank you for your support
Yes, the CHF is notorious for being manipulated by the Swiss National Bank.
  • #13,349
  • Aug 16, 2018 11:25am Aug 16, 2018 11:25am
Quoting jaimeale
{quote} Excuse me lemercenaire, my english isn't very good, you say me CHF is manipulated and you don't trade it? I understand well? Thank you for your support
https://www.zerohedge.com/news/2016-...ipulation-2010
  • #13,350
  • Aug 16, 2018 11:29am Aug 16, 2018 11:29am
Quoting lemercenaire
{quote} Reason is made it'sway around 50% of the previous 1 hour candle
Hi Lem.
Thanks for your reply.
Just catching up with some videos
Thanks as always for your help.
Regards
Kev
  • #13,351
  • Aug 16, 2018 12:47pm Aug 16, 2018 12:47pm
Quoting kevin1959
{quote} out for ten pips Reason is made it'sway around 50% of the previous 1 hour candle. Against the rules but now buying

Excuse me Kevin i don't understand what mean 50% of previous 1 hour candle. Can you explain me please?

Thank you
  • #13,352
  • Aug 16, 2018 1:08pm Aug 16, 2018 1:08pm
Quoting lemercenaire
{quote} https://www.zerohedge.com/news/2016-...ipulation-2010
Thank you so much lemercenaire for your support.

  • #13,353
  • Aug 16, 2018 1:20pm Aug 16, 2018 1:20pm
Quoting jaimeale
{quote} Excuse me Kevin i don't understand what mean 50% of previous 1 hour candle. Can you explain me please? Thank you
If you have a solid move in one candle, then you will find that once that candle closes, price will tend to retrace back to around the 50% level of the previous candle before then turning again in the original direction. The bigger the original move, the more likely it is to happen.

We can use this knowledge to our advantage to set tp or add-in points.
  • #13,354
  • Aug 16, 2018 1:44pm Aug 16, 2018 1:44pm
Quoting lemercenaire
{quote} If you have a solid move in one candle, then you will find that once that candle closes, price will tend to retrace back to around the 50% level of the previous candle before then turning again in the original direction. The bigger the original move, the more likely it is to happen. We can use this knowledge to our advantage to set tp or add-in points.
Thanks Lem
I was trying to find a way of explaining this.
And secretly hoping you would jump in.
Regards
Kev
  • #13,355
  • Aug 16, 2018 4:47pm Aug 16, 2018 4:47pm
Quoting lemercenaire
{quote} If you have a solid move in one candle, then you will find that once that candle closes, price will tend to retrace back to around the 50% level of the previous candle before then turning again in the original direction. The bigger the original move, the more likely it is to happen. We can use this knowledge to our advantage to set tp or add-in points.
Thank you very much Lemercenaire, i don't know about this.

One trade in profit BE+1, USDJPY yeeeahhhhh
  • #13,356
  • Aug 17, 2018 2:18am Aug 17, 2018 2:18am
Is this an approved trade

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  • #13,357
  • Aug 17, 2018 2:36am Aug 17, 2018 2:36am
Quoting Newt
Is this an approved trade {image}
It's a bend in the rules. Price has set a new Higher H1 Open but has then just dropped away. So technically, there has been no m15 bar opening in the AoI. However, there may have been an entry on the m5.
  • #13,358
  • Aug 17, 2018 2:46am Aug 17, 2018 2:46am
Quoting Newt
Is this an approved trade {image}
You can see how the slight broker differences can play into things. My level is slightly lower and earlier at 72706 and this gave me an entry at 07:45 bar.

(Ignore the fact that it's a different indicator, I don't have the TS / Swingman variant in front of me on this computer. This one is -Tech but does the same thing).

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  • #13,359
  • Aug 17, 2018 2:48am Aug 17, 2018 2:48am
If you can stick up an m5 chart of the move, we can take a look see using your levels, Newt.
  • #13,360
  • Aug 17, 2018 3:11am Aug 17, 2018 3:11am
Quoting lemercenaire
If you can stick up an m5 chart of the move, we can take a look see using your levels, Newt.
Here is the different pictures from the timeframes

1h

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15 min

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5 min

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