Disliked{quote} Hi pipShine, IMHO and bearing in mind I am still learning this system I think you should have entered much earlier, see pic. ATB Boo15 {image}Ignored
- #242
- Mar 26, 2019 11:38am Mar 26, 2019 11:38am
{quote} That does look like a much stronger - and fresher - entry than mine. I trade the NY Session so I would have been sound asleep when that first set-up occurred. But thanks for the feedback - the entry you're pointing out is a good one for me to memorize for the next time it comes around!
From tiny pips mighty oaks grow
- #245
- Mar 26, 2019 8:33pm Mar 26, 2019 8:33pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #246
- Mar 26, 2019 9:41pm Mar 26, 2019 9:41pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #247
- Mar 26, 2019 10:14pm Mar 26, 2019 10:14pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #249
- Mar 27, 2019 5:13am Mar 27, 2019 5:13am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #250
- Mar 27, 2019 5:32am Mar 27, 2019 5:32am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #251
- Mar 27, 2019 5:45am Mar 27, 2019 5:45am
Newbies please do not get mistaken by the easy m1 entry. There are other things that come into play with experience. Things like support and resistance, day open line, size of candles, time of day ......... etc. The most important is to have the patience to wait for the setup. Patience ..... wait ......patience .......wait ........ most of the time.
You are doing great! Keep going
- #252
- Mar 27, 2019 6:17am Mar 27, 2019 6:17am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #253
- Mar 27, 2019 6:29am Mar 27, 2019 6:29am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #257
- Mar 27, 2019 7:43am Mar 27, 2019 7:43am
Let's take a look what we have on Gold today.
First signal (red) - it's better not to trade before session's open! Especially 15 minutes before LO. New session often gives reversals and new moves.
Second signal (green) - nice signal, but you have to understand that this is inside box signal. When you take trades inside the box you have to note what levels are around. We see the level from which price have bounced twice (yesterday and today on Asian). So our target should be around that level. And we see that price have come to that level eventually and our target is reached.
First signal (red) - it's better not to trade before session's open! Especially 15 minutes before LO. New session often gives reversals and new moves.
Second signal (green) - nice signal, but you have to understand that this is inside box signal. When you take trades inside the box you have to note what levels are around. We see the level from which price have bounced twice (yesterday and today on Asian). So our target should be around that level. And we see that price have come to that level eventually and our target is reached.
- #259
- Mar 27, 2019 8:28am Mar 27, 2019 8:28am
Very clear situation we have today on EUR/AUD. Good trend with smooth moves - that's what we all love.
It was a good point to enter right on London Open. Stop Loss was very tight - so we had small risks in that trade. Then we could hold our trade in BE and let the profit run, or we could exit and re-enter later on continuation with the trend direction after few small retracements.
It was a good point to enter right on London Open. Stop Loss was very tight - so we had small risks in that trade. Then we could hold our trade in BE and let the profit run, or we could exit and re-enter later on continuation with the trend direction after few small retracements.
