{quote} Nice.. but just to be sure.. cross and retest of which MA? And also what chart is this (Pair/timefra) ?
I am writting from my mobile so excuse me for the short reply
You are allowed to fall but you are imposed to get up!
- #14,986
- Feb 13, 2020 11:18pm Feb 13, 2020 11:18pm
This one was lucky, 1st touch 10 ema, closed for +8 pips (13 pip SL). Was in the trade for 10 min or less @arha thanks for posting that EA, it really helps for 10ema touch trades, rather than me watching and pulling the trigger too soon (which I tend to do), you can set it and let it trigger on its own. {image}
You are allowed to fall but you are imposed to get up!
- #14,987
- Feb 13, 2020 11:21pm Feb 13, 2020 11:21pm
I dont know why I alaway think market will go my way, it lead to big drawdown and when I can get out I want more so I dont close trade It turn out very bad. This mindset make me blind I can not flexible with the market catch the new trade. Hope every one have a good day.
You can post your mistakes here so we can try to help you and make things more clear for you.
You are allowed to fall but you are imposed to get up!
{quote} Your setup is a classical dance trade: 1st 2-bars retrace to steep EMA 10 and all TFs pointed down. You did a good job as a new dancer. Yes that is constraiment, small bars under EMA 10, but it happened after the 4th MA10 touch, and it approaching NY close, we need at least one market (EUR or USD) open and active for this setup to break out. Hope this help.
Thank you
MTN
- #14,991
- Edited 9:22pm Feb 14, 2020 7:14pm | Edited 9:22pm
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #14,992
- Feb 15, 2020 10:47pm Feb 15, 2020 10:47pm
{quote} My friend, "Trade what you see not what you think"
- #14,996
- Edited Feb 17, 2020 1:15am Feb 16, 2020 11:27pm | Edited Feb 17, 2020 1:15am
{quote} My opinion is that because of this strong move many buyers want to gain some of their profits,so they sold at that point and push the price down for a while till the monthly resistance and then buyers took the control again and continued rallying.What other traders have to say?Has my opinion a good point?
GrTrade80 explained very well what you should do but Kosta I think you don't have to analyze the market this way. Actually the main thing we should keep in mind is that market creates waves within a wave all the time. This happens because traders use different timeframes. Most retraces that we use to enter a trade in Choros, occure because some of those traders close their entries to take profits and that is the time when we come to help those who keep following the trend
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You are allowed to fall but you are imposed to get up!
- #14,998
- Edited 2:29am Feb 18, 2020 1:38am | Edited 2:29am
I hope to get half with a fast tp1 and with the other do a trailing.
My first operation. Please, I would really appreciate someone telling me the mistakes at the trade.
UPDATE: It has been quick and painless, half tp1 and rest BE. Let's see if I catch another one.
My first operation. Please, I would really appreciate someone telling me the mistakes at the trade.
UPDATE: It has been quick and painless, half tp1 and rest BE. Let's see if I catch another one.
Hi all, Been having a look at this system in the strategy tester and decided it was time to dip my toes in. So far only read about 200+ pages, so slowly but surely getting there. Thanks for all the thorough, detailed input you have contributed over the years. Took my first trade today, AUD/CHF, at the end of the Australian session, and rolling into Frankfurt. - M5, M15, H1, D1 all trending down. -M15 steep angle, first touch on the 15EMA, 35/50 parallel and close, waited for candles to close to confirm direction. Entry -M5 Steep Angle, broke through...
You are allowed to fall but you are imposed to get up!