Beauty ---great momentum ! Entry above #1 candle and filled. 
If you did trade it congrats and i'm sure some did. . This is one of those should've or could've trades if you know what i mean. There was some very strong points about this trade technically. We had a small zone to the left and the close was a strong top 25 % close.It did bounce off the pivot high to the left but did not close half way to risk until the next candle...we are looking for a green close on the half way point which would be 16 pips above entry candle which did happen after the bounce candle off the pivot high....so there you covered and would have been a winner.
The reason i didn't trade because of time 00gmt entry candle and my first target would have been above the pivot high about 10 pips.This is a good example that we never know what price is going to do during the low volume times of the market.This can and will happen sometimes. Have a good weekend. 
The reason i didn't trade because of time 00gmt entry candle and my first target would have been above the pivot high about 10 pips.This is a good example that we never know what price is going to do during the low volume times of the market.This can and will happen sometimes. Have a good weekend.
Protect your capital ! Had an entry on 8 gmt my time which is 2 hours after london session.Buyers come in strong with a spike and planted a good top 25% close candle in my rsi sweet spot zone and shot up.All my positions are covered now. The worst scenario is break even which i can live another day to trade. Allways make sure you have at least 1 to 1 RR before taking an entry and here i did 
- #231
- Sep 20, 2018 11:36am Sep 20, 2018 11:36am
Half postion in green now with a 1 to 1 and covered now. 1. top 25% close entry candle above red arrow. 2.Got filled on next candle. 3. Lowest low of the last 5 candles. 4. 8:00 gmt good time. 5. Sweet spot rsi between the 50 and 60. 6. 2 pip spread not bad. 7. Looking to the left of entry we had at least a 1 to 1 to pivot high. Not a bad week ....have a good weekend !
- #234
- Edited 11:58pm Sep 27, 2018 6:32pm | Edited 11:58pm
There were a couple of odd time trades and(pairs) that were winners but i wanted to look at times where the buyers sellers are strongest the probabilities are higher imo. Here is a beauty with no heat and quick and strong momentum.
1.lowest low of the last 5 candles.
2. top 25% candle close for entry plus a strong close 1 pip and less from close to high.Not necessary on the strong close but the probabilities are better imo.
3.daily rsi up ---sweet spot on 4 hr chart between the 50 and 60.
4.We have a small zone to the left where the entry was taken place which helps on probabilities some.
5.We have at least a 1 to 1 from entry to closest pivot high.
6.At least a 1.5 when trade closed out. If more than 1 postion time to cover.
Hope this helps have a good weekend !!!
1.lowest low of the last 5 candles.
2. top 25% candle close for entry plus a strong close 1 pip and less from close to high.Not necessary on the strong close but the probabilities are better imo.
3.daily rsi up ---sweet spot on 4 hr chart between the 50 and 60.
4.We have a small zone to the left where the entry was taken place which helps on probabilities some.
5.We have at least a 1 to 1 from entry to closest pivot high.
6.At least a 1.5 when trade closed out. If more than 1 postion time to cover.
Hope this helps have a good weekend !!!
Danc this is an example...You can see how price is over the 20ema and 50sma.This is something we are looking for on the 4hr chart.....then once we see a signal we go to the daily chart and see if the rsi 5 on the daily is up.Another words we are looking for a closed(signal) candle on the 4 hr chart.What ever platform you are using place a vertical line over the closed candle - then click on daily charts to see i if rsi is up.I'm using Oanda mt4 and seems to work ok.With oanda you have plenty of pairs to choose if you desire...and place your order with other brokers if you want and just use oanda as a signal chart. We are looking for confirmation on the higher time frame.
I can eye ball this chart and tell you it's not between the 50 and 60 sweet spot on the 4 hr chart but it did workout.Some of the oversold trend traders traded this one.It's an odd pair for sure.
I can eye ball this chart and tell you it's not between the 50 and 60 sweet spot on the 4 hr chart but it did workout.Some of the oversold trend traders traded this one.It's an odd pair for sure.