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  • #881
  • Apr 29, 2020 7:10am Apr 29, 2020 7:10am
US500 slowly approaching baseline on M15. The last reaction at EOD was very nice, however today formed a lower high vs yesterday, so maybe a sign of weakening bull strength. We'll see what it shows us.

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  • #882
  • Apr 29, 2020 7:18am Apr 29, 2020 7:18am
Hi all,

I just need one clarification. Given all the entry conditions stated in post 1, can I enter every time the price is on the opposite border of the 8EMA channel (but in the same area of the 200EMA), or the valid entrance is given only when the 8EMA channel crosses for the first time the 200EMA? May thanks
  • #883
  • Apr 29, 2020 7:25am Apr 29, 2020 7:25am
Quoting whitesta
{quote} Hi Mik2012, Could you share the thought process of this trade. You got it done really well. Regards


Hello! Of course, I posted the above pdf file, which explains trading with Targets, one wonderful trader from Australia, who spent 40,000 hours (16 years) at the monitor and realized who controls the market. Its percentage of winning trades is 98% ... Do not believe me, read. He refers to trading as an art and an exciting journey. For six months I figured out how he sells because I learned about the topic at the very end of the discussion. After reading this file, you can trade in any, not necessarily like him, you will understand the real picture of the market. Laura’s theme fits perfectly into his style as well

Cheers Michael
  • #884
  • Apr 29, 2020 7:40am Apr 29, 2020 7:40am
Hi.
This is my first channel cross entry.
Thanks LauraT.
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  • #885
  • Apr 29, 2020 7:46am Apr 29, 2020 7:46am
Quoting septell
Hi. This is my first channel cross entry. Thanks LauraT. {image}
Well done
  • #886
  • Apr 29, 2020 7:52am Apr 29, 2020 7:52am
Hello Laura, could you give some advise? I had post on page 25 and 43, and you might miss it cause my post is slowed due to review before post by moderator...
Thank in advance.

Best Regards,
Jackwei
  • #887
  • Apr 29, 2020 7:54am Apr 29, 2020 7:54am
Quoting luca5594
Hi all, I just need one clarification. Given all the entry conditions stated in post 1, can I enter every time the price is on the opposite border of the 8EMA channel (but in the same area of the 200EMA), or the valid entrance is given only when the 8EMA channel crosses for the first time the 200EMA? May thanks
https://www.forexfactory.com/showthr...6#post12887436
  • #888
  • Apr 29, 2020 7:58am Apr 29, 2020 7:58am
Quoting jackwei94
Hi Laura, just curiuos, would you still enter the market if the trend is on sideways such as the screenshot there even the requirement (MTF, RSI, SMA, touched the channel, or did I miss anything else?) was met for the strategy? {image} {image}
Sorry, I missed your post previously.

Generally, no. When I see price action like that I usually just flip to another chart.
  • #889
  • Apr 29, 2020 8:00am Apr 29, 2020 8:00am
Quoting jackwei94
What if the MTF all green and the rsi is about 70++, but the channel still below the SMA200 (As the screenshot). Was thinking that: Should I go long immediately? or go long right after both EMA8 go beyond the SMA200? or go long after the channel beyond SMA200, and wait for the bar to touch the bottom band? Thank in advance.. {image}
In that scenario you would look to get long when channel had crossed the SMA and when price was inside the channel.
  • #890
  • Apr 29, 2020 8:00am Apr 29, 2020 8:00am
Nice scalp before bedtime
Cheers
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  • #891
  • Apr 29, 2020 8:05am Apr 29, 2020 8:05am
Quoting Nikl
Nice scalp before bedtime Cheers {image}
Now if I had waited a couple more minutes......
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  • #892
  • Apr 29, 2020 8:42am Apr 29, 2020 8:42am
Went long on AJ M5. Was waiting for it to bounce of the yesterday's high.
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  • #893
  • Apr 29, 2020 9:59am Apr 29, 2020 9:59am
Well that was some read 45 pages in such a short period off time, great trading system and thanks for sharing Laura, and the other thing i like is the way that you have answered everyone's question, and its been polite and not got shitty, Well done
  • #894
  • Apr 29, 2020 10:07am Apr 29, 2020 10:07am
Hi LauraT. Good trade today from ADR high - went all the way back to yesterday high. In the spirit of openness, also tried the same trade on EURCHF but results not as good. And thanks to hanover for the scanner/dashboard - much easier to see.
Attached Image
  • #895
  • Apr 29, 2020 10:14am Apr 29, 2020 10:14am
Quoting Barraka
US500 slowly approaching baseline on M15. The last reaction at EOD was very nice, however today formed a lower high vs yesterday, so maybe a sign of weakening bull strength. We'll see what it shows us. {image}
Note to self: It's pointless to post a setup, which goes my way a couple of minutes after, if I'm not actually going to take it. Was waiting for price to touch the SMA, like it did on the previous bounce, so switched chart, and boom too late. </babyrage>
  • #896
  • Apr 29, 2020 10:16am Apr 29, 2020 10:16am
DAX, not a perfect entry. Closed @ADR high and 2R
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  • #897
  • Apr 29, 2020 10:24am Apr 29, 2020 10:24am
Trades I'm currently in today:

Traded the channel failure in overall bearish market on EURAUD, still in and price is close to my 2R target.
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EURNZD, it was more of an anticipation of a reaction to yesterday's low. Still in. In hindsight my stop seems a bit large, doesn't give me a great R/R situation.
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AUDJPY, was being a smartass trying to get in a possible reversal when the overall context showed strength. Took my L.
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  • #898
  • Apr 29, 2020 10:50am Apr 29, 2020 10:50am
Quoting LauraT
Good morning traders Let's run through a few charts before the trading day starts. {image} I was asleep when this set up but, if anyone was awake and caught the channel entry on oil, you should be sitting on a very nice profit right now! Notice how the decline was originally halted by a 'locked' ADR low. Today I'd watch for a break of that ADR low, then perhaps a re-test before price falls further. Alternative scenario is that ADR low holds and price rises. Due to bias though, I wouldn't be looking to take any long trades.
Are there also numerous channel failures from the ADR high ?
every Saint has a past. Every Sinner has a Future
  • #899
  • Apr 29, 2020 10:57am Apr 29, 2020 10:57am
Quoting turnip15
{quote} Are there also numerous channel failures from the ADR high ?
I wouldn't say numerous but they do occur. More common will be channel crosses at ADR.
  • #900
  • Apr 29, 2020 11:25am Apr 29, 2020 11:25am
My trades for today 1 on EURCAD and multi entry on EN, exited EC when it was stalling, and later it dropped nicely and retraced back fully , EN could have let it run and it is still dropping..
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