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  • #1,561
  • Jul 17, 2019 2:31am Jul 17, 2019 2:31am
Quoting paroucia
{quote} H4: {image} D1: indicators are downside. {image} i opened in 5M chart. why do you think it's wrong?
Thank, but the set up was 2 candles before, right?
  • #1,562
  • Jul 17, 2019 2:34am Jul 17, 2019 2:34am
Quoting paroucia
{quote} Morning Marcus i'm still short EURCAD by yesterday and also short AUDUSD right now. i keep an eye on AUDCHF too.
Hi paroucia,

I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 74 KB
  • #1,563
  • Jul 17, 2019 2:43am Jul 17, 2019 2:43am
Quoting marcara
{quote} Thank, but the set up was 2 candles before, right?
1 candle before.
Quoting Jan81
{quote} Hi paroucia, I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents. {image}
it's a good point and think you're right. i entered soon. i need to be patient and wait all indis cross 50 line.
Thanks buddy
  • #1,564
  • Jul 17, 2019 2:46am Jul 17, 2019 2:46am
Quoting Jan81
{quote} Hi paroucia, I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents. {image}
Perfectly explained, thanks.
  • #1,565
  • Jul 17, 2019 2:54am Jul 17, 2019 2:54am
Quoting gj7rwt
Anyone considering this as a valid continuation trade? {image}
How did you add two stochastic and RSI in one chart window in Trade interceptor mobile setting?
Share your setting details.
  • #1,566
  • Edited 4:33am Jul 17, 2019 2:57am | Edited 4:33am
NEWS DATA management.
I am struggling how to manage the set ups and data news.

Example GBPUSD two days ago. Graph is Japanesse Candles in order to see better were the price was.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_9.png Size: 91 KB


1.- SET UP was candle from 09:00-13:00 (candle just after NY open).
2.- Then there are 3 candles (JPY and AUD session) that the price remains at the same place.
3.- Next candle, important GBP data news is coming, see attached image. So the price will react depending on he data.

Attached Image (click to enlarge)
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Any comments will be welcomed.

Thanks
  • #1,567
  • Jul 17, 2019 2:59am Jul 17, 2019 2:59am
Quoting Jan81
{quote} Hi paroucia, I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents. {image}
It's a crossover trade it's a little different entry levels but RH has explained this b4.. just like my other charts when u all said I entered to early.. it's an early entry method by RH a little advanced for the newer traders I think
  • #1,568
  • Jul 17, 2019 3:04am Jul 17, 2019 3:04am
Just entered a eur/cad continuation trade
Attached Image (click to enlarge)
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  • #1,569
  • Jul 17, 2019 3:11am Jul 17, 2019 3:11am
Quoting PhillipmC
{quote} It's a crossover trade it's a little different entry levels but RH has explained this b4.. just like my other charts when u all said I entered to early.. it's an early entry method by RH a little advanced for the newer traders I think
Thanks Phillip Can you explain or point out the post of these early entry method?

thanks
  • #1,570
  • Jul 17, 2019 3:11am Jul 17, 2019 3:11am
AUDCAD H4continuation trade.

D1 is not confirming but it is clearly in a down trend and the last three daily candles seem unable to cross the last swing
  • #1,571
  • Jul 17, 2019 3:13am Jul 17, 2019 3:13am
Quoting PhillipmC
{quote} It's a crossover trade it's a little different entry levels but RH has explained this b4.. just like my other charts when u all said I entered to early.. it's an early entry method by RH a little advanced for the newer traders I think
Hi Phillip,

I didn't say anything about your entries being too early, but those 2 trades you posted were continuation trades and not crossover trades. To my knowledge the rules aren't different concerning the Stoch and RSI; you do need them below 50 for a short and above for a long. I am curious what different entry levels you talk about? Maybe I have missed them.
  • #1,572
  • Jul 17, 2019 3:16am Jul 17, 2019 3:16am
Quoting marcara
AUDCAD continuation trade
Tempting, but the RSI hasn't crossed below the 50 line yet
  • #1,573
  • Jul 17, 2019 3:18am Jul 17, 2019 3:18am
i think Phillip was talking to me : ))
you're right Phillip. sometimes have a little kid in the house makes you distracting
  • #1,574
  • Jul 17, 2019 3:35am Jul 17, 2019 3:35am
continuation trade on the GBPNZD taken a few hours ago,
5m 4hr and daily,
Attached Image(s) (click to enlarge)
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Just trying to put a kiss on the cheek of success
  • #1,575
  • Jul 17, 2019 3:54am Jul 17, 2019 3:54am
Quoting marcara
AUDCAD H4continuation trade. D1 is not confirming but it is clearly in a down trend and the last three daily candles seem unable to cross the last swing
Agree. Entering Short AUDCAD at new 4H Candle.
  • #1,576
  • Jul 17, 2019 3:58am Jul 17, 2019 3:58am
Quoting paroucia
i think Phillip was talking to me : )) you're right Phillip. sometimes have a little kid in the house makes you distracting
Haha tell me about it kids wife yelling at u.. all while trying to trade hahaha
  • #1,577
  • Jul 17, 2019 3:59am Jul 17, 2019 3:59am
Quoting pet3250
continuation trade on the GBPNZD taken a few hours ago, 5m 4hr and daily, {image} {image} {image}
Hi on which chart is it a continuation trade?
  • #1,578
  • Jul 17, 2019 4:04am Jul 17, 2019 4:04am
Quoting martbac
{quote} Hi on which chart is it a continuation trade?
Its a continuation tade on the 5 minute TF whilst being in a confirmed downtrend on both the 4HR and Daily
Just trying to put a kiss on the cheek of success
  • #1,579
  • Jul 17, 2019 4:07am Jul 17, 2019 4:07am
Quoting pet3250
{quote} Its a continuation tade on the 5 minute TF whilst being in a confirmed downtrend on both the 4HR and Daily
Ok Thanks, just trying to understand what and why people do things as I am very new to trading.

Regards,

Mart.
  • #1,580
  • Jul 17, 2019 4:08am Jul 17, 2019 4:08am
Continuation.
looks good on daily and weekly
Attached Image (click to enlarge)
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