GBP/USD Update. Price moves in it's logical way. Morning analysis was clear and definitely right.
- #68
- Sep 22, 2018 2:27am Sep 22, 2018 2:27am
Thanks for sharing your systems Whatever.Can I ask how you determine when to get out of a breakout/CCI trade?
- #69
- Edited 9:34am Sep 22, 2018 6:48am | Edited 9:34am
Divergences are the second very powerful tool in your trading. Learn them, note them on your chart, train your eyes to see them and test how to use them. Find out what works better for lower and higher TFs. It will be a big helper in your trading.
Just last week EUR/USD, but how many possibilities. Easy, right? Sure, if you know what to do. Do you use Divergences in your trading?
Just last week EUR/USD, but how many possibilities. Easy, right? Sure, if you know what to do. Do you use Divergences in your trading?
{quote} I have told about my exits a little bit in this post, but sure - exits are very personal and hard predicted thing. I trade M15 and my targets are moderate and SLs are tight. Often exits depend on candles and support/resistance levels. Original TP is always set in 1.5 bigger than SL. Also i put my trade in breakeven after it reaches about 50% of my TP. Main rule - never make your profitable trade to become loss, so don't be greedy.
- #72
- Sep 24, 2018 4:27am Sep 24, 2018 4:27am
What monday brings?
EUR/USD. Early short signal with both CCI confirmations. Nice one, but i didn't take it because of timing, it's early for me, so i missed it. Then we see how price works with main level (let me call it so). It moves back, retest this level and gives a great fast move with a great momentum breaking Double Top. That was the point to enter. CCI(100) didn't confirm that still, but it was on it's way, crossing 0 line already. Situation is great for such moments - retest gives us confidence, breaking of DT gives us point to enter.
GBP/USD. Simple London Breakout. CCI gave not full confirmation, so such signals are a bit risky. Sure, when both CCI give confirmation - that's "+++" grade signals. Current signal we can use like "++" signal, but we see how price moves on LO recently and we can use it. London Open often brings us good quick moves, so we should use that to take our profits. Another good confirmation here is BO of asian range.
EUR/USD. Early short signal with both CCI confirmations. Nice one, but i didn't take it because of timing, it's early for me, so i missed it. Then we see how price works with main level (let me call it so). It moves back, retest this level and gives a great fast move with a great momentum breaking Double Top. That was the point to enter. CCI(100) didn't confirm that still, but it was on it's way, crossing 0 line already. Situation is great for such moments - retest gives us confidence, breaking of DT gives us point to enter.
GBP/USD. Simple London Breakout. CCI gave not full confirmation, so such signals are a bit risky. Sure, when both CCI give confirmation - that's "+++" grade signals. Current signal we can use like "++" signal, but we see how price moves on LO recently and we can use it. London Open often brings us good quick moves, so we should use that to take our profits. Another good confirmation here is BO of asian range.
- #75
- Sep 24, 2018 3:28pm Sep 24, 2018 3:28pm
- Joined Jun 2014 | Status: Invisible | 1,471 Posts
What monday brings? EUR/USD. Early short signal with both CCI confirmations. Nice one, but i didn't take it because of timing, it's early for me, so i missed it. Then we see how price works with main level (let me call it so). It moves back, retest this level and gives a great fast move with a great momentum breaking Double Top. That was the point to enter. CCI(100) didn't confirm that still, but it was on it's way, crossing 0 line already. Situation is great for such moments - retest gives us confidence, breaking of DT gives us point to enter....
- #76
- Sep 25, 2018 3:11am Sep 25, 2018 3:11am
Morning ones. EUR/USD was the hardest (CCI didn't give full confirmation, so trade was a bit risky), but there was a lot of time to exit at least at BE. Another two worked well with CCI confirmation on entry candle or next candle.
Hi Whatever,
Long time lurker here but never really been successful with Forex...
I really like your system as it's very simple and the chart is not crowded... just not really quite sure about the entries.
In this particular case, for example, when and where did you place your buy? Was it even before the breakout happened or did you wait for a retracement?
Thanks in advance.
Long time lurker here but never really been successful with Forex...
I really like your system as it's very simple and the chart is not crowded... just not really quite sure about the entries.
In this particular case, for example, when and where did you place your buy? Was it even before the breakout happened or did you wait for a retracement?
Thanks in advance.
Another one on EUR/USD for today. This time fully confirmed with CCI. {image}
- #79
- Sep 26, 2018 4:10am Sep 26, 2018 4:10am
Hi Whatever, Long time lurker here but never really been successful with Forex... I really like your system as it's very simple and the chart is not crowded... just not really quite sure about the entries. In this particular case, for example, when and where did you place your buy? Was it even before the breakout happened or did you wait for a retracement? Thanks in advance.
If we talk about retests of the level and retracements, so i can take my re-entries after this. But also if there is another confirmed BO. Few examples of such trades were on this thread already.
Hope that helps!
- #80
- Sep 26, 2018 4:12am Sep 26, 2018 4:12am
Only one trade today so far. It finished BE. Not long move with low volatility and narrow range on the pair today. Reasons to take the trade: London Open move and half CCI confirmation - CCI(14) confirmed fully and CCI(100) crossed 0 line.
