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  • #801
  • Oct 29, 2018 2:53am Oct 29, 2018 2:53am
Quoting coolbreez
GBPAUD WEEKLY CHART BUYING SETUP. WHAT YOU SAY GUYS? {image}
In time frame day, it looks much better. The possible entry. I am with you.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-29 GBP-AUD D1.png Size: 24 KB
  • #802
  • Oct 29, 2018 2:57am Oct 29, 2018 2:57am
The usd vs chf, offers this week the best possibility of all. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-28 USD-CHF D1.png Size: 31 KB
  • #803
  • Oct 29, 2018 4:38am Oct 29, 2018 4:38am
Quoting cesar8
The usd vs chf, offers this week the best possibility of all. What do you think? {image}
Agree.
coolbreez Return Today: na
  • #804
  • Oct 29, 2018 9:12am Oct 29, 2018 9:12am
Quoting richadi36
{quote} Patterncode, it is my above explained view on the chart... (blue dots - price swing moves (exactly how I see the market move)). {image}
Hi Richadi,
Basis your chart which candle would be our trigger candle for long and for short. Both trades do not have a trigger candle. Do you enter irrespective of the candle signal.
Cheers
  • #805
  • Oct 29, 2018 11:45am Oct 29, 2018 11:45am
Quoting novice198
{quote} Hi Richadi, Basis your chart which candle would be our trigger candle for long and for short. Both trades do not have a trigger candle. Do you enter irrespective of the candle signal. Cheers
Hi Novice198,
trigger candles you can find in lower timeframes when daily candles start swinging, for instance in H4 and H1...

profitable trades,
richadi36
profitable trading does not mean trading everyday
  • #806
  • Oct 29, 2018 4:36pm Oct 29, 2018 4:36pm
CADJPY

Entered long after a bounce of a daily/weekly trend line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 17 KB
Click to Enlarge Name: CADJPYH4.png Size: 16 KB
Click to Enlarge Name: CADJPYH1.png Size: 15 KB
  • #807
  • Oct 29, 2018 7:58pm Oct 29, 2018 7:58pm
Quoting mtharwat
CADJPY Entered long after a bounce of a daily/weekly trend line. {image} {image} {image}
Hi mtharwat. My point of view. In time frame dia, last week gave a long entry when price reached bullish direction. This entry should only be taken if the price has respected at least two points above the guideline. An advantage of taking this type of trading is that you can place a very tight stop loss, which can represent a ratio risk benefit of 1 to 3.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-29 CAD-JPY D1.png Size: 36 KB
  • #808
  • Oct 29, 2018 8:16pm Oct 29, 2018 8:16pm
Regarding its long entry, the H4 chart shows that it is wasting taking more pips, because when you are sure that the price is bouncing over a support area, you must enter the market when the price reaches support area, and like the previous daily entry, a tight stop is placed to improve the risk-benefit ratio.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-29 CAD-JPY H4.png Size: 23 KB
  • #809
  • Oct 29, 2018 9:12pm Oct 29, 2018 9:12pm
Quoting cesar8
Regarding its long entry, the H4 chart shows that it is wasting taking more pips, because when you are sure that the price is bouncing over a support area, you must enter the market when the price reaches support area, and like the previous daily entry, a tight stop is placed to improve the risk-benefit ratio. {image}

Hello

You are absolutely right. Price has already moved 60 pips since the immediate bounce (attached H4 chart with an arrow). I missed this setup or it may have been during the EU/Brexit and FOMC week...something like that.

Generally speaking, I always want to trade as close as possible to the immediate anticipated bounce. (I invest all my time on this). I won't put pending orders though because I want to make sure of my stop loss level and make sure of the level (could be a trend line or S/R zone). some other traders would put pending orders at important levels without much thinking of LTFs.
I pay attention to patterns and TLs same as S/R on HTF

With the above CADJPY, it is a continuation trade..the wagon already moved.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH4.png Size: 18 KB
  • #810
  • Oct 29, 2018 9:17pm Oct 29, 2018 9:17pm
I went to M15 chart to see if I could have possibly entered earlier and found that I would have entered at the same level (but back in time). I would not have entered closer at all.

I found a strong divergence (for confirmation purpose) and a break of TL. This is normally where I would enter even if I missed those 60 pips. I need confirmation.

Hope my charts are clear.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 21 KB
  • #811
  • Oct 29, 2018 9:39pm Oct 29, 2018 9:39pm
I went long as well with EUR CHF

This is the post Post #487

I do not know if there is a feature to copy/paste all content with photos from one post to another with same order.
  • #812
  • Oct 29, 2018 10:40pm Oct 29, 2018 10:40pm
Quoting mtharwat
{quote} Hello You are absolutely right. Price has already moved 60 pips since the immediate bounce (attached H4 chart with an arrow). I missed this setup or it may have been during the EU/Brexit and FOMC week...something like that. Generally speaking, I always want to trade as close as possible to the immediate anticipated bounce. (I invest all my time on this). I won't put pending orders though because I want to make sure of my stop loss level and make sure of the level (could be a trend line or S/R zone). some other traders would put pending orders...
Hi mtharwat. As I see that your trading is based on S & R and TL, just like me. I found an indicator that helps a lot in the drawing of lines faster than the human eye. You can modify the quantity of S & R by graphic and colors.
Attached File(s)
File Type: ex4 Sopor y Resis U_MTF_SRTrend1.ex4   23 KB | 551 downloads
  • #813
  • Oct 29, 2018 10:50pm Oct 29, 2018 10:50pm
Quoting coolbreez
AUDJPY DAILY waiting for price to pull back and retest support level to enter in buy. {image}
Just think they now go up last pullback candle test area and confirm it's
So now only slow up
velolthomas@gmail
  • #814
  • Oct 29, 2018 11:32pm Oct 29, 2018 11:32pm
Quoting cesar8
{quote} Hi mtharwat. As I see that your trading is based on S & R and TL, just like me. I found an indicator that helps a lot in the drawing of lines faster than the human eye. You can modify the quantity of S & R by graphic and colors. {file}
Thanks Cesar8

Use your eyes my friend. When you check weekly and daily, you have plenty of time for your eyes!
  • #815
  • Oct 30, 2018 6:01am Oct 30, 2018 6:01am
To @Not-KPMG, @ cesar8, @richadi36, and anyone else I missed, I thank you so much for taking your time to help me with my trade and giving advice. I took note and combine all you said, to make better trades next time.

- Patterncode


Quote
Hi pal. Good post, great questions. Let me help.It appears both days, A and B are Mondays....Crazy things happen. . Do you see the doji very next days? That's good sign trend (say short term) is changing. So you exit trade at zero loss, reverse.

I see LOL. I guess i should have got out, when i saw that green doji/pinbar.


Quote
I hope you have made me understand and apologize for my English of google, since it is not my official language in my country Colombia.

Its clear, thanks


Quote
I see from your words that you're frustrated that the trade didn't work... emotion is the #1 enemy in trading
Do you have one? Have you tested your method in different market conditions? Have your all trading method criteria met when you took that trade?...

Quite a bit frustrated.
Yes I do have trading rules & a system I abide by, this looked so much like a perfect trade, I really thought the price was gonna go down to 1.13, which it eventually did, yay. But after taking out my stop loss.
  • #816
  • Oct 30, 2018 2:05pm Oct 30, 2018 2:05pm
Well friends, ready the artillery, the dollar pound is coming to an important support.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-30 GBP-USD D1.png Size: 24 KB
  • #817
  • Oct 30, 2018 2:19pm Oct 30, 2018 2:19pm
And the Dollar vs. Swiss Franco not to mention. I come to the critical point. It's time to go hunting.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-30 USD-CHF D1.png Size: 30 KB
  • #818
  • Oct 30, 2018 11:58pm Oct 30, 2018 11:58pm
Hi Richad, Cesar8 and othe fellows
Can you guys describe your entry style and what kind of candles do you watch to get in?
If trading in daily or H4 time frame what time frame you look for confirmation to enter in a trade?
Thanks a lot.
coolbreez Return Today: na
  • #819
  • Oct 31, 2018 2:55am Oct 31, 2018 2:55am
Quoting mtharwat
CADJPY Entered long after a bounce of a daily/weekly trend line.
Same here.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181031-154705.png Size: 46 KB
  • #820
  • Oct 31, 2018 3:28am Oct 31, 2018 3:28am
Quoting Melch55
{quote} Same here. {image}
Hello Melch

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