EUR\JPY
Closed the trade as London big boys coming up. Will keep my profit ..
Suranga
Closed the trade as London big boys coming up. Will keep my profit ..
Suranga
Focus, Patience, Discipline, Determination and Perseverance
Strat's PASR Long Term, Stress Free Trading
{quote} What I found with the lower TFs is that even if you have some years of experience under your belt and a reasonable discipline that will keep you from blowing your account is that when you start trading lower TFs than you are used to, overtrading can sneak in. Let us say you were trading H1 or M15, going to M1 can result in tons of bad trades if you are not careful. It happened to me before and it is something I want to avoid at all cost in future, because it can drain your account even if you are using reasonable RR ratios.
{quote} Hi If you are on M1 M5 , never argue with the strat shadow on M15 and H1and try to catch the trends this might help
Sadly this was a trade on daily/4hr. Took it into support, then got the idea in my head it was definitely going to break so added on when it went against me. I even had the opportunity to get out with a slight profit, but moved my take profit.
My original target would have been hit and no haircut....
EUR\JPY Closed the trade as London big boys coming up. Will keep my profit .. {image} Suranga
Nice work!
- #12,163
- Aug 22, 2019 2:39am Aug 22, 2019 2:39am
EUR\JPY Closed the trade as London big boys coming up. Will keep my profit .. {image} Suranga
So my decision to exit the trade payed me back..with some pips... see what London boys have done..
P.S. Credit should go to where it should. ....STRAT..thanks a lot coach.
Focus, Patience, Discipline, Determination and Perseverance
- #12,164
- Aug 22, 2019 4:30am Aug 22, 2019 4:30am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts | Online Now
- #12,166
- Aug 22, 2019 9:16am Aug 22, 2019 9:16am
AUDCAD
Hell I was in this trade today, But mistakenly closed the trade with out knowing. I was using Mt4 Scripts and when I close EURJPY trade using that script ..it closed this trade also. seams a bug in that script.. any how trade is good
Entry is based on H4 Demand trend line break. and subsequent price structure in lower time frames.
M15
Suranga
Hell I was in this trade today, But mistakenly closed the trade with out knowing. I was using Mt4 Scripts and when I close EURJPY trade using that script ..it closed this trade also. seams a bug in that script.. any how trade is good
Entry is based on H4 Demand trend line break. and subsequent price structure in lower time frames.
M15
Suranga
Focus, Patience, Discipline, Determination and Perseverance
- #12,171
- Aug 23, 2019 8:44am Aug 23, 2019 8:44am
STOPLOSS LEVELS Hey guys, When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision. https://www.xm.com/forex-trading is it the same for you guys? Suranga
They are gently asking you to try another broker
- #12,173
- Aug 23, 2019 9:45am Aug 23, 2019 9:45am
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
- #12,175
- Aug 23, 2019 7:35pm Aug 23, 2019 7:35pm
Been away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread.
USDJPY
Daily: I like to take signals as close to the 20EMA as possible. Engulfing candles are very reliable in such cases.
H4: A break of the Strat Shadow gives me more confidence of momentum to the downside.
EURAUD
Daily: After a retracement, Price was sitting around the Strat Shadow with indication to the upside(See those wicks/rejections which indicated buyers willing to protect their position). The candle on 22nd August basically confirmed that Price is going to move up again.
H4: If you are a H4 trader, this candle should be the one to enter. (Break of Strat Shadow, Price structure going higher, Bullish candles are bigger than Bearish candles)
AUDJPY
Daily: Same Engulfing candle, but a little far away from the Strat Shadow.
H4: Instead, I took this signal off the H4 chart, which looks much better. Could have entered on the second arrow but I was sleeping.
- #12,176
- Edited Aug 24, 2019 9:38am Aug 23, 2019 7:48pm | Edited Aug 24, 2019 9:38am
Some other Trend PASR signals on the H4, some of which I took.
XAUUSD H4
Such a good signal, but I was in bed! (Failure of descending triangle, that is why we don't trade patterns here!)
EURGBP H4
Something must be going wrong in my mind when I set my TP at 200ema..!
EURNZD H4
Price well supported by Strat Shadow, trend still intact. Missed the second entry unfortunately at work.
GBPNZD H4
Only took the last candle, but there were other signals that could be taken as well.
GBPUSD H4
Missed the second entry at work..!
Edit: Wrong chart for EURGBP..
XAUUSD H4
Such a good signal, but I was in bed! (Failure of descending triangle, that is why we don't trade patterns here!)
EURGBP H4
Something must be going wrong in my mind when I set my TP at 200ema..!
EURNZD H4
Price well supported by Strat Shadow, trend still intact. Missed the second entry unfortunately at work.
GBPNZD H4
Only took the last candle, but there were other signals that could be taken as well.
GBPUSD H4
Missed the second entry at work..!
Edit: Wrong chart for EURGBP..
- #12,177
- Aug 23, 2019 8:07pm Aug 23, 2019 8:07pm
And the not so good news...
EURCAD
Price is already showing more momentum to the upside, not to mention the BEOBs are not wokring out as I expected. Will take some small losses from this trade.
AUDNZD
Already banked some profits at resistance, but seems like Price is retracing now after that huge Bearish Engulfing candle. it is pretty far away from the Strat Shadow. Will close the trade on Monday.
EURUSD
A little mixed on this one, support is pretty strong there. A second failure to break support, but I doubt that ~1.5 years of downtrend will end here. Will exit with small profits on Monday.
Not to mention, my GBPAUD, AUDJPY and EURJPY from before also took some small losses.
EURCAD
Price is already showing more momentum to the upside, not to mention the BEOBs are not wokring out as I expected. Will take some small losses from this trade.
AUDNZD
Already banked some profits at resistance, but seems like Price is retracing now after that huge Bearish Engulfing candle. it is pretty far away from the Strat Shadow. Will close the trade on Monday.
EURUSD
A little mixed on this one, support is pretty strong there. A second failure to break support, but I doubt that ~1.5 years of downtrend will end here. Will exit with small profits on Monday.
Not to mention, my GBPAUD, AUDJPY and EURJPY from before also took some small losses.