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EURUSD only

  • #36,901
  • Aug 24, 2018 4:45am Aug 24, 2018 4:45am
The move to 1.20 should be accelerating shortly.
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  • #36,902
  • Aug 24, 2018 4:47am Aug 24, 2018 4:47am
Not keen to push things with some Powell commentary coming. Took +19 pips in this move up and back to the sidelines.
Appreciate the guidance from Ata.
Money is but a tool.
  • #36,903
  • Aug 24, 2018 4:47am Aug 24, 2018 4:47am
and also it had a 3rd stop...

gone, baby gone...
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If you don't know how to earn money, don't loose it.
  • #36,904
  • Aug 24, 2018 4:49am Aug 24, 2018 4:49am
a 5 min chart with those bus stops...
just my 5 cents...
out for the weekend.
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If you don't know how to earn money, don't loose it.
  • #36,905
  • Aug 24, 2018 4:50am Aug 24, 2018 4:50am
Quoting Ata-Turkoglu
H1 Status Update In case bulls take the full lead here I also put the bullish target: 1.1630 area roughly! In case it goes back down you already know the bearish target: 1.1498 No surprises here.. we trade what we see: which is bullish for now! The BLUE TL can still become a bull party killer. If it turns out that this is just a retest to H&S neckline. Candles have to stay below that BLUE TL to have first bearish signal. If candles close above that BLUE TL we can keep our longs with confidence. Stay Green {image}
Thank for your updates! Can i ask a ques ? in this case, you choose to join in long or wait for bear signal and short ??? thank you
  • #36,906
  • Aug 24, 2018 4:52am Aug 24, 2018 4:52am
Quoting Namelessman
{quote} Thank for your updates! Can i ask a ques ? in this case, you choose to join in long or wait for bear signal and short ??? thank you
I joined in long right after H1 candle closed slighlty above RED TL at: 1.1567 area by using M5 chart to enter precisely..

Stay Green
Focus only on what truly matters!
  • #36,907
  • Aug 24, 2018 4:54am Aug 24, 2018 4:54am
Quoting Ata-Turkoglu
{quote} I joined in long right after H1 candle closed slighlty above RED TL at: 1.1567 area by using M5 chart to enter precisely.. Stay Green
Question Ata, i also entered same price as you. I have sl set to BE but just wondering would you close trade right now? Like how do u know if thats the highest profit you can make and to close it
  • #36,908
  • Aug 24, 2018 4:57am Aug 24, 2018 4:57am
A slight retracement should happen now, though there is a strong bullish momentum. Load the new bars to this chart and please give me thumbs up, thanks: In The Channel
Risk Management is of utmost importance!
  • #36,909
  • Aug 24, 2018 4:57am Aug 24, 2018 4:57am
where could the correction jump in? i have two levels marked 1.1602 and 1.1621
  • #36,910
  • Aug 24, 2018 4:57am Aug 24, 2018 4:57am
a 4th bus stop would be more risky since were at bottom supply area...
so i would cut those longs entries and trail the profits.
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If you don't know how to earn money, don't loose it.
  • #36,911
  • Aug 24, 2018 5:02am Aug 24, 2018 5:02am
Quoting blaze1
{quote} Question Ata, i also entered same price as you. I have sl set to BE but just wondering would you close trade right now? Like how do u know if thats the highest profit you can make and to close it
You can't know and you shouldn't worry either. Letting your trades stopped out is best practice.

I trade the H1 chart. So, where to trail SL is the million dollar question. In our H1 case I look at LO Clone lines!!!

  1. You can either trail your SL 2 pips below previous LO clone line or,
  2. You can trail your SL line to the upper 1/3 section of previous H1 candle or,
  3. You can trail your SL 50% half way of total current profit (so that you profit at least 50% of total move before you get stopped out).

I can make a list of 100 more options but I think you get the idea: Trail and let yourself get stopped out!

Stay Green

Focus only on what truly matters!
  • #36,912
  • Aug 24, 2018 5:03am Aug 24, 2018 5:03am
Quoting Ata-Turkoglu
{quote} Waiting is safer if you don't want to face drawdown. But then you might never get into the trade. Not waiting and directly jumping in is more aggressive. Then you catch most of trades but you will often face drawdown. Pick one of these until I publish a video that gives more options to trade both of these scenarios the best way. Patience please Stay Green
OK. Thanks a lot. Think I should focus on my own system for now until you release the PDF or the video. I have taken enough beating already trying to follow what I don't fully understand. Thank you.
  • #36,913
  • Aug 24, 2018 5:04am Aug 24, 2018 5:04am
waiting for core goods orders i wont be long if the data is green i want to trade a system news inline with daily candle color
  • #36,914
  • Aug 24, 2018 5:04am Aug 24, 2018 5:04am
Hi ATA, thanks for your posts.

According with this setup, the target could be in 1.1645 area, whats do you think?

Thanks

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  • #36,915
  • Aug 24, 2018 5:07am Aug 24, 2018 5:07am
Marking 1.1592 as nearest resistance..

Stay Green
Focus only on what truly matters!
  • #36,916
  • Aug 24, 2018 5:08am Aug 24, 2018 5:08am
waiting to open LONG at 1.1565 tp 1.1645
  • #36,917
  • Aug 24, 2018 5:10am Aug 24, 2018 5:10am
Quoting EmmeLegend
Hi ATA, thanks for your posts. According with this setup, the target could be in 1.1645 area, whats do you think? Thanks {image}
Possible if you rely on candle wicks. I don't deny. But I generally prefer to use candle closing price and also care to average the extremes. Meaning: Sometimes I use the exact middle between closing price and wicks.

Stay Green
Focus only on what truly matters!
  • #36,918
  • Aug 24, 2018 5:14am Aug 24, 2018 5:14am
Quoting coolmakina
{quote} Hi Moty, how come you draw divergence if the top is not fully complet yet!.... how do you spot divergence?
Like that
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yes yes yes
  • #36,919
  • Aug 24, 2018 5:16am Aug 24, 2018 5:16am
Quoting MzansiObi
{quote} so you first wait for m15 to make cross then the m5 then when the m1 crosses you enter depending on trend direction?
CLOSE when m1 stoch when to below 30 and cross (only for scalping) or u can move to BE initial sl max 8-10 pip (trade duration from 2-5 min max to be in + or cutt loss)
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Self discipline It is a practice
  • #36,920
  • Aug 24, 2018 5:17am Aug 24, 2018 5:17am
Quoting Ata-Turkoglu
{quote} You can't know and you shouldn't worry either. Letting your trades stopped out is best practice. I trade the H1 chart. So, where to trail SL is the million dollar question. In our H1 case I look at LO Clone lines!!! You can either trail your SL 2 pips below previous LO clone line or, You can trail your SL line to the upper 1/3 section of previous H1 candle or, You can trail your SL 50% half way of total current profit (so that you profit at least 50% of total move before you get stopped out). I can make a list of 100 more options but I think...
But the question is how to draw London clone right which look like yours....different people could draw LO clone TLs with different angle...Could you please explain little bit in brief if you don't mind.
Regards
MRMALIK1
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