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  • #461
  • Feb 26, 2019 2:27pm Feb 26, 2019 2:27pm
Quoting tex123
Can anyone tell me where the signal is on the aud/chf ? Very close to the 1:1 money now. Ask yourself : Do we have the lowest low of the last 5 candles ? 2. Do we have at least a 1:1 RR to pivot high to left compared to our risk ? 3. Are we in our sweet spot of rsi 4hr ? 4 .Is the daily rsi going up at the close of the 4hr entry ? 5. Is this a descent time for entry ? 6. Is this the first or 2nd pullback ? 7. Are we trending ? 8.Do we have a top or bottom 25% close on entry ? Then you decide if it's worth taking this trade .
Based on the rules I took the trade. Removed my risk and second one still running. The 1:1 RR was quite sharp though..

Lets see: 1. entry was the candle after the lowest low 2. a few pips off, so no 3. yes 4. i believe so yes 5. NY open 6. first pullback, and it may break a two week resistance 7. looking at the weekly charts I would say ranging for the last 4 weeks 8. yes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2019-02-26 20_58_41-613322_ ICMarkets-Live05 - [AUDCHF,H4].jpg Size: 99 KB
Click to Enlarge Name: 2019-02-26 21_25_49-613322_ ICMarkets-Live05 - [AUDCHF,H4].jpg Size: 145 KB
  • #462
  • Feb 26, 2019 7:16pm Feb 26, 2019 7:16pm
Quoting Brabo79
{quote} Based on the rules I took the trade. Removed my risk and second one still running. The 1:1 RR was quite sharp though.. Lets see: 1. entry was the candle after the lowest low 2. a few pips off, so no 3. yes 4. i believe so yes 5. NY open 6. first pullback, and it may break a two week resistance 7. looking at the weekly charts I would say ranging for the last 4 weeks 8. yes {image} {image}
Good job Brabo! When i determine the risk or distance from the high of entry candle to pivot high i don't figure in the spread...being off a few pips is
ok i believe.I know some pros factor this in when they take a trade ...at least a 1 to 1. To see if the daily rsi is up just go to vertical lines on your platform and place it or drag it over the 4 hr entry candle....and then switch to daily charts. Your catching on very fast.
Attached Image
  • #463
  • Feb 27, 2019 12:35pm Feb 27, 2019 12:35pm
Aud/usd
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 45 KB
  • #464
  • Feb 27, 2019 12:40pm Feb 27, 2019 12:40pm
The cad can can be a buger at times to trade. Very close --2 pips from being a 1 to1 --from the bottom of entry to pivot low---so we'll see how
it comes out.We are allready covered to break even.I meant LL and HL...
Attached Image (click to enlarge)
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  • #465
  • Feb 28, 2019 12:37pm Feb 28, 2019 12:37pm
Quoting tex123
The cad can can be a buger at times to trade. Very close --2 pips from being a 1 to1 --from the bottom of entry to pivot low---so we'll see how it comes out.We are allready covered to break even.I meant LL and HL... {image}
Ok ladies and gents, Stopped out at break even on the cad ---that is ok we are protecting our money. No a bad week --3 winners and one break even if you happen to
get them all.I'm done for the week and you all have a great week ! Take care
  • #466
  • Feb 28, 2019 2:56pm Feb 28, 2019 2:56pm
chf/jpy, took it yesterday. Second one still running almost 1:3 now

Have a nice weekend
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-02-27 14_40_35-613322_ ICMarkets-Live05 - [CHFJPY,H4].jpg Size: 126 KB
  • #467
  • Feb 28, 2019 3:31pm Feb 28, 2019 3:31pm
Quoting Brabo79
chf/jpy, took it yesterday. Second one still running almost 1:3 now Have a nice weekend {image}
Nice one Brabo ! Yes i got some e-mail alerts on this one and i passed because of the risk to pivot high . This was a good time when liquidity was strong and also it bottomed out on the rsi and then closed in the sweet zone. Now sometimes you can take the lowest low of the last 4 candles if it's smooth.After that entry we had a 4 candle retrace which was nice too...and the risk was good also....i just wouldn't make a habit of trading 4 candles lows imo.If your patient trades will come and we don't have to trade everyday...dry spells do come.

I'll give you 2 more tips which i've allready mentioned on this thread allready i think. Anytime you see a candle or bar that the close and high is 1 pip or less that is strong close...especially on the entry candle.We don't need a bunch of candle formations ...harmonic patterns,bosses,moon,stars etc etc SR is subjective.All we need is price.If price lands in the SR zone even better.
2. This is very simple tip.When your trading buys make sure you don't have LL and LH's coming down--vice versa for sells.
Very good week for you Brabo ...proud of you.Have a good week my friend.
  • #468
  • Mar 1, 2019 11:18am Mar 1, 2019 11:18am
Didn't quiet go below the 50 rsi but acceptable if trading on friday morning.Risk was good.Everything else lined up.
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  • #469
  • Mar 1, 2019 4:10pm Mar 1, 2019 4:10pm
Quoting tex123
Didn't quiet go below the 50 rsi but acceptable if trading on friday morning.Risk was good.Everything else lined up. {image}
Target achieved
  • #470
  • Mar 7, 2019 3:44pm Mar 7, 2019 3:44pm
If you traded this one on a sell --more than likely got stopped out on a 2 pip spread.Price did break the lower low and then it went
a little side ways then back up. We had small spike candle that went above the entry candle which was the #2 entry--good close though . Also the spike candle was like 1.8 pips from the highest high candle(stop loss) #1 candle...and the spread was 2 pips.Price eventually did come on down more after that.It wasn't a A+ plus set up because of the sideways action.Also was at the 3rd pullback too. Take care.
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Click to Enlarge Name: NZDUSDH4.png Size: 43 KB
  • #471
  • Mar 20, 2019 1:34am Mar 20, 2019 1:34am
eur/jpy and chf/jpy were good setups....somewhat rangy but still worked out. Take care
  • #472
  • Mar 21, 2019 6:24pm Mar 21, 2019 6:24pm
Ok eur/jpy 1:1 chf/jpy 1:4 Last but not least the nzd/chf 1:1 below Have a good weekend ladies and gents !!
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  • #473
  • Mar 21, 2019 6:55pm Mar 21, 2019 6:55pm
Every now and then i'll trade a daily pin. I liked this set up on cad and got filled. Pivot high to the left plus a spike high off the pivot high equals a double touch. I'll go ahead
and cover to break even now. ...I want at least 1:2 RR here.You can see my buy limit at 50% of pin bar.The disadvantage of this set up sometimes never get filled....and normally around a 50% hit rate.I never placed my TP when i placed my order the first time. Ok i'm done
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  • #474
  • Mar 22, 2019 11:03am Mar 22, 2019 11:03am
The above Cad chart reached my target of 1:2 before the weekend Have a good friday
  • #475
  • Mar 25, 2019 11:09am Mar 25, 2019 11:09am
nice and smooth--
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Click to Enlarge Name: EURAUDH4.png Size: 46 KB
  • #476
  • Mar 25, 2019 2:48pm Mar 25, 2019 2:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 43 KB
  • #477
  • Mar 26, 2019 10:52am Mar 26, 2019 10:52am
The #2 chart above eur/aud you should be sitting at around a 1:7 RR now if you stayed with it depending on your postion/s
  • #478
  • Mar 27, 2019 10:43am Mar 27, 2019 10:43am
Some took this trade---and worked out. Good time 8 gmt. Too rangy for me.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 40 KB
  • #479
  • Mar 28, 2019 10:34am Mar 28, 2019 10:34am
Not a bad week Spring time(fishing) is here now and posting will likely slow down unless i get some requests. Everyone
should be in good shape and in the positive as for as all the trades i posted.
  • #480
  • Apr 4, 2019 10:20am Apr 4, 2019 10:20am
All rules applied 16:00 gmt entry. Eur/nzd good signal. Chf/jpy was rangy but descent signal.
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