DislikedGood to check the rsi on upper time frame.Good example here. Ranging but worked out. {image}Ignored
Nice set up here with all rules applied. 7 pip spread isn't the best but still worked out with covered position(s) at one pip above entry candle.I seen
a few 5 candle setups that bottom out below the 20 level of the 5 rsi with a top-low 25% close entry that would have worked out but just didn't fall in my sweet zone so i just passed.
a few 5 candle setups that bottom out below the 20 level of the 5 rsi with a top-low 25% close entry that would have worked out but just didn't fall in my sweet zone so i just passed.
- #352
- Jan 14, 2019 10:51am Jan 14, 2019 10:51am
Danc or anyone tell me where this entry is ? This entry even has confluence...which isn't necessary but makes probabilities even better imo.This pair has
a 4 pip spread.I can look at this one without drawing anything and tell you where the entry is. Only thing i had to do was look at my daily rsi and it was up.This is close as a text book trade as you can get. You should be in the money.
a 4 pip spread.I can look at this one without drawing anything and tell you where the entry is. Only thing i had to do was look at my daily rsi and it was up.This is close as a text book trade as you can get. You should be in the money.
- #355
- Jan 14, 2019 11:36pm Jan 14, 2019 11:36pm
- Joined Jun 2009 | Status: Trader | 7,795 Posts
Humm is there a trade here ? Remember i don't charge anything ...it's free education{image}
{quote} not looking at the chart as close as i could to the close of the hier lo candle come back later trading 5 mi UDJY at mo
Another nice one .All rules applied.Ok Danc i explained more detail on the top 25% candle entry.You can place your cursor using your mouse or whatever over the candle and it will tell you the high-low-close. I'm using Oanda mt4 platform and does there. Should be in the money and all position(s) should be covered.
- #358
- Jan 15, 2019 12:19pm Jan 15, 2019 12:19pm
Nice one on nzd pair....Remember we can take an entry on the lowest low of the last 5 candles or the next one after it if the risk is at least a
a 1 to 1 to pivot high to left. This one liked a a few pips of being a 1 to 1 to pivot high but still price went to exactly a 1 to 1 because price went over a few pips over
pivot high. You should have been covered anyway at half your risk.I Think i'm pretty much done with trading this week. Try not expose too much risk at one time especially with several trades on. As that ole saying goes quit while your ahead ...stay humble. I'll still look at charts though.
a 1 to 1 to pivot high to left. This one liked a a few pips of being a 1 to 1 to pivot high but still price went to exactly a 1 to 1 because price went over a few pips over
pivot high. You should have been covered anyway at half your risk.I Think i'm pretty much done with trading this week. Try not expose too much risk at one time especially with several trades on. As that ole saying goes quit while your ahead ...stay humble. I'll still look at charts though.
- #360
- Jan 15, 2019 11:04pm Jan 15, 2019 11:04pm
Your doing fine Danc...just be patient and don't get frustrated. I have the oanda mt4 platform.Load up the demo first and only trade the pairs without high spreads not over 7 pips or so...and not some off the wall pairs with 15 or 20 pip spreads...probably around 15 to 20 pairs i would think. If anyway possible try to get your signals between the london open and us open . US open is where you have london and US traders overlapping with potentially good liquidity.
Danc before long you'll be spreading your wings and be a trading machine
Danc before long you'll be spreading your wings and be a trading machine