but cant the triangle end on the bar after that bull support?
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Disliked{quote} Just got to the PC so I can answer this. I have said that the second entry is the most dangerous as this has twice the risk of the first entry. The third and final entry has the same risk as the second entry because the first and second have made some profit.Ignored
Disliked{quote} Hi Alan, Thanks for sharing a remarkable trading method plus all the time you have put in to help people. Re Money Management: As I understand it, - each of the 3 entries are placed with a 10 pip stop-loss. - each of the 3 entries are placed with a (hopeful) 40 pip take-profit. - the first entry is brought to break even before the second entry (@ twice the risk) is made. - the second entry is brought to breakeven before the third entry is made (this would be 3 times the risk but the profits from the first 2 entries reduce the risk to about...Ignored
DislikedThere are going to be days when much more than 40 pips is on the table, such as yesterday. A look at the average charts clearly identifies these. It is the average we are interested in and what does price have to do achieve these averages. {image}Ignored
Disliked{quote} true, great eyes you have but cant the triangle end on the bar after that bull support?Ignored
Disliked{quote} So it was easy to see on the bright chart that we had some distance up to the next MA pivot. What to me is still unclear is how to trade a situation with conflicting 1H signals. On the way up to the next level, there were numerous H1 inferences with a bearish bias. At what point do you accept/determine that the bulls will continue? {image}Ignored
Dislikedhello nala66, i have a question , as you have taught that we should take trade in the direction , so does the price have to be near the ema when we want to trade as today price is very far away from ema, that is why i don't know which side i should trade todayIgnored
DislikedThe 1H is trading above the EMA heading for the 2727, so, on the 5 min chart go long on the dipsIgnored
Disliked{quote} Hi David. It is hard to be so specific about the stop distances because the actual trades vary a tad. However having said that you have a good understanding there of the best practice. It could well be the case that even additional entries can be made in a relatively safe manner. The main point is to construct a fiscal plan which plots the road to glory and you can track your progress as you work through the plan. For example here is the Polly Plan from the previous post above( 3626 ). You can see that even making small increases every 20...Ignored
Disliked{quote} true, now we have rsi/rsi bear div m5, bear div h1, i sold the cross off the m5 ema, too early?Ignored
Dislikedbull looking for support after testing the ema and failing with bulls div...{image} Dangerous cause also bear div... dont know if i should hedge at D...Ignored