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Disliked{quote} Nice trading again Laura, caught the DAX move myself. Just wondering, are these trades posted when you enter in the journal page? CheersIgnored
Disliked{image} Exited both trades at red x, maybe a bit premature but happy with the pipsIgnored
DislikedHere's a DAX trade from earlier this morning. Price was stuck in a range between SMA and Daily Open so tension was bulding up with bullish bias. I exited near Yesterdays High which was broken right after {image} Here I split my postion in order to target two different levels (Daily Open and Yesterdays Low) on EC. As soon as as the first target was hit I moved my SL for the remaining position to BE. {image}Ignored
Disliked{image} UJ. seems like a good place to short especially price starts rejecting adr high. +25 to yesterday low {image} UC. shorted this pair too too bad this didnt work out. price spiked up to my tight SL then move south. -5 pipsIgnored
DislikedHi Laura, just been reading through your journal. Can you help clarify a question I have on your advanced type trades: The four advanced strategies are: 1. ADR Failures - When the EMA channel gets partially across the ADR line but then returns to the previous side. 2. Previous Day High/Low Failures - When the EMA channel gets partially across the high/low line but then returns to the previous side. 3. ADR Counters - When an instrument has completed the Average Daily Range I consider entering to capture a reversion to centre ground. 4. Previous Day...Ignored
Disliked{quote} yea that was my careless mistake. i couldnt be infront of pc to monitor how price react should it revisit the ADR high, so i placed a SL 1 pip above the adr high. anyway, better be safe than sorry haha. plenty of opportunities even i missed this one out.Ignored
Disliked{quote} Hi No, not the same. It's the equivalent of a channel failure and a channel cross but for ADR lines and Yesterday's High/Low lines. Does that make sense?Ignored
Disliked{quote} Umm not sure. Surely a 'failure' is the same as a counter because if price returns to previous side, it is also reverting to mean?Ignored
Disliked{quote} I'm doing a bad job of explaining it so I'll try with a live chart. {image} If I had gone short at the first orange blob, that'd be an ADR Counter. At the second orange blob, there is a potential ADR failure setting up (if channel goes back under the ADR line).Ignored
Disliked{quote} I'm doing a bad job of explaining it so I'll try with a live chart. {image} If I had gone short at the first orange blob, that'd be an ADR Counter. At the second orange blob, there is a potential ADR failure setting up (if channel goes back under the ADR line).Ignored
Disliked{quote} 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...Ignored