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  • #761
  • Apr 28, 2020 3:34am Apr 28, 2020 3:34am
Quoting LauraT
{image} First trade of the day. Exited around yesterday's low.
not according to script but ive shorted off the retest of yesterdays low
Its all just one persons opinion
  • #762
  • Apr 28, 2020 3:37am Apr 28, 2020 3:37am
Quoting axecap
{quote} not according to script but ive shorted off the retest of yesterdays low
That's fine. Once those levels break, a retest is worth a nibble
  • #763
  • Apr 28, 2020 3:39am Apr 28, 2020 3:39am
Quoting LauraT
{image} Channel cross. Exited around yesterday's low.
almost same trade
  • #764
  • Edited 4:08am Apr 28, 2020 3:47am | Edited 4:08am
These are the setups I'm looking for
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  • #765
  • Apr 28, 2020 4:11am Apr 28, 2020 4:11am
Quoting thisara1
{quote} thank you sharing system very useful {image}
Hi Thisara

That VSA middle term trend looks really good with this system. Where did you get that from?

Thanks
  • #766
  • Apr 28, 2020 4:11am Apr 28, 2020 4:11am
Quoting haul
some of my trades from yesterday and today, spot the amazing loss where I picked the bottom perfectly. {image}{image}{image}{image}{image}
Some nice trades there! Did you close CADJPY meanwhile?
Trading S/R with PA only. No indicators anymore!
  • #767
  • Apr 28, 2020 4:15am Apr 28, 2020 4:15am
Two entry on NZDCAD -sell. Hoping it tanks now

Attached Image (click to enlarge)
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  • #768
  • Apr 28, 2020 4:23am Apr 28, 2020 4:23am
Quoting optitrader
Two entry on NZDCAD -sell. Hoping it tanks now {image}
yes...Im in based on 15min chart
Its all just one persons opinion
  • #769
  • Apr 28, 2020 4:23am Apr 28, 2020 4:23am
Quoting LauraT
Channel cross. Exited around yesterday's low.
Dropping fast now, ADR would be the target
It takes a lot for me to IGNORE you, but you can try.
  • #770
  • Apr 28, 2020 4:25am Apr 28, 2020 4:25am
Quoting Erebus
{quote} Dropping fast now, ADR would be the target
Indeed. Turns out my exit was a little on the early side lol.
  • #771
  • Apr 28, 2020 4:32am Apr 28, 2020 4:32am
Quoting optitrader
Two entry on NZDCAD -sell. Hoping it tanks now {image}
i think if it breaks 0.8450 level, it goes south, and i will go short.
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  • #772
  • Apr 28, 2020 4:38am Apr 28, 2020 4:38am
nobody wants to buy oil after correction?
  • #773
  • Apr 28, 2020 4:47am Apr 28, 2020 4:47am
Attached Image (click to enlarge)
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Profit target reached for GU. Notice how there was an even better buying opportunity when price dipped to test Yesterday's High before shooting upward.
  • #774
  • Apr 28, 2020 4:54am Apr 28, 2020 4:54am
Quoting LauraT
{image} Profit target reached for GU. Notice how there was an even better buying opportunity when price dipped to test Yesterday's High before shooting upward.
I entered indeed later on.
Attached Image (click to enlarge)
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I didn't wait until the ADR High from my broker was reached.
Trading S/R with PA only. No indicators anymore!
  • #775
  • Apr 28, 2020 5:16am Apr 28, 2020 5:16am
Attached Image (click to enlarge)
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Dax trade from Yesterday's High.
  • #776
  • Apr 28, 2020 5:16am Apr 28, 2020 5:16am
Quoting LauraT
{image} Channel cross. Exited around yesterday's low.
Hi LauraT,

Just been following your trend on the side while working. Can you advise i have the method correctly thought out please.

Wait for channel/price to cross clearly the 200SMA.

For a LONG trade: Price and channel crosses above 200sma, Wait for price to extend out of the top of the channel and then touch the bottom of the channel and then take the LONG trade providing the RSI is also above 50 and the MTF all are Green.

Vise Versa for SHORT''s of channel below 200sma, RSI below 50 and MTF all RED.
  • #777
  • Apr 28, 2020 5:17am Apr 28, 2020 5:17am
I miss the early DAX entry but waited for a test of the YH to enter long. Caught a ripper.
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  • #778
  • Apr 28, 2020 5:20am Apr 28, 2020 5:20am
Quoting mUrfo
I miss the early DAX entry but waited for a test of the YH to enter long. Caught a ripper. {image}
Well done - the runners are fun
  • #779
  • Apr 28, 2020 5:23am Apr 28, 2020 5:23am
Quoting mUrfo
I miss the early DAX entry but waited for a test of the YH to enter long. Caught a ripper. {image}
Should mention that I took small positions off the table as we went higher.
  • #780
  • Apr 28, 2020 5:23am Apr 28, 2020 5:23am
Quoting rtradern
{quote} Hi LauraT, Just been following your trend on the side while working. Can you advise i have the method correctly thought out please. Wait for channel/price to cross clearly the 200SMA. For a LONG trade: Price and channel crosses above 200sma, Wait for price to extend out of the top of the channel and then touch the bottom of the channel and then take the LONG trade providing the RSI is also above 50 and the MTF all are Green. Vise Versa for SHORT''s of channel below 200sma, RSI below 50 and MTF all RED.
Hi

Wait for channel to cross SMA200, yes. Or, if trading a channel failure, wait for channel to partially cross SMA200 and then go back under/over.

Once you have the entry criteria, you don't have to wait for price to touch other side of channel. You can enter when price goes inside the channel.

MTF dashboard doesn't have to be all green for longs. Aim for at least 2 of the timeframes relevant to your trading timeframe to be in agreement with your bias. So, M1-M30 for short-term trades and H1-W1 for longer term trades.

Hope that helps clarify.
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