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  • #1,221
  • May 5, 2020 4:04am May 5, 2020 4:04am
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM5.png Size: 40 KB


Posting this trade to highlight confluence.

You will see that I went short after price had broken Yesterday's Low and then returned to test it. Notice also that Daily Open Line and SMA were both close by overhead.

When you get confluence like this, it provides a little more reassurance that resistance might hold. Of course, this is trading and anything can happen, but we can only look to stack probabilities in our favour.
  • #1,222
  • May 5, 2020 4:12am May 5, 2020 4:12am
This one would have been a beauty, but unfortunately the trade got taken out, due to unexpected news.
Stop placement was slightly above today's high (around 20 pips from entry), TP was set 1 pip above range low.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 127 KB


LuXing
Wisdom begins in wonder
  • #1,223
  • May 5, 2020 4:18am May 5, 2020 4:18am
Quoting LuXing
This one would have been a beauty, but unfortunately the trade got taken out, due to unexpected news. Stop placement was slightly above today's high (around 20 pips from entry), TP was set 1 pip above range low. {image} LuXing
yes, the court ruling came at a very unfortunate time!
  • #1,224
  • May 5, 2020 4:20am May 5, 2020 4:20am
Here is a EJ trade I took
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 100 KB

Entry Fine tuning:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 71 KB
Trading S/R with PA only. No indicators anymore!
  • #1,225
  • May 5, 2020 4:25am May 5, 2020 4:25am
Quoting LauraT
{quote} No. Apologies if I've confused matters further but what I was saying was that, for me personally, I will continue to take entries inside the channel. There is no need to wait to buy at the low of the channel. However, I'm also leaving it up to the discretion of you all as to whether you consider a bar closing above the channel to be a sign you should enter long.
Thanks for the clarification and your precious time at this is deeply appreciated.
  • #1,226
  • May 5, 2020 5:29am May 5, 2020 5:29am
Update
Interesting position, ADR show a little more room for a new Daily High or Low ?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1f.png Size: 85 KB
  • #1,227
  • May 5, 2020 5:37am May 5, 2020 5:37am
AJ M5 Channel Failure entry
1) Retest of Daily High
2) M1-M30 (at least three green)
3) RSI over 50 (52)
Attached Image
Be Greedy
Dices Return This Week: na
  • #1,228
  • May 5, 2020 5:54am May 5, 2020 5:54am
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 39 KB


This trade eventually reached my target (ADR Low) but I almost closed it when it started moving sideways.

Lesson being, let the market action take you out, not your emotional reaction.
  • #1,229
  • May 5, 2020 6:01am May 5, 2020 6:01am
Quoting LauraT
{image} This trade eventually reached my target (ADR Low) but I almost closed it when it started moving sideways. Lesson being, let the market action take you out, not your emotional reaction.
Excellent, leading from the front as usual, great result.
Thank you
  • #1,230
  • May 5, 2020 6:18am May 5, 2020 6:18am
Quoting AKCodingEye
AJ M5 Channel Failure entry 1) Retest of Daily High 2) M1-M30 (at least three green) 3) RSI over 50 (52) {image}
I love how you listed the "why' behind the trade execution.
  • #1,231
  • May 5, 2020 6:27am May 5, 2020 6:27am
Morning campers.
The attached one minute chart.
Have I got yesterdays low drawn at the correct level. - if so, a nice bounce upwards ?
Attached Image (click to enlarge)
Click to Enlarge Name: DowLow5May.png Size: 254 KB
every Saint has a past. Every Sinner has a Future
  • #1,232
  • May 5, 2020 6:31am May 5, 2020 6:31am
Quoting turnip15
Morning campers. The attached one minute chart. Have I got yesterdays low drawn at the correct level. - if so, a nice bounce upwards ? {image}
Yes, it really was that perfect
  • #1,233
  • May 5, 2020 6:54am May 5, 2020 6:54am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 121 KB



Hi Laura

Please could you tell me is I got entry right on screenshot. Trade still running moved up SL. Thank you
  • #1,234
  • May 5, 2020 6:57am May 5, 2020 6:57am
Quoting Wyrebill
{image} Hi Laura Please could you tell me is I got entry right on screenshot. Trade still running moved up SL. Thank you
Perfect

Now that it has reached ADR High, I'd be tempted to take partial profits while you watch what's left to see if it can run further.
  • #1,235
  • May 5, 2020 7:28am May 5, 2020 7:28am
Hi All, enjoying the thread.

Does anyone have an basic trade manager EA to open trades with 1-2 etc risk reward please ?
  • #1,236
  • May 5, 2020 7:40am May 5, 2020 7:40am
Quoting Scrambleguy
Hi All, enjoying the thread. Does anyone have an basic trade manager EA to open trades with 1-2 etc risk reward please ?
No.
All you touch and all you see, is all your life will ever be.
  • #1,237
  • May 5, 2020 7:54am May 5, 2020 7:54am
Quoting Scrambleguy
Hi All, enjoying the thread. Does anyone have an basic trade manager EA to open trades with 1-2 etc risk reward please ?
Just put 2 separate trades on and drag them to TP1 AND TP2, stop being in the same place for both, simple
  • #1,238
  • May 5, 2020 7:58am May 5, 2020 7:58am
Quoting stu48
{quote} Just put 2 separate trades on and drag them to TP1 AND TP2, stop being in the same place for both, simple
err thank you for the response but yes I do know how to do that! that wasn't what I enquired about
  • #1,239
  • May 5, 2020 8:05am May 5, 2020 8:05am
Hi All
1M Oil trade
notes on chart
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDM1.png Size: 65 KB
  • #1,240
  • May 5, 2020 8:06am May 5, 2020 8:06am
Quoting Scrambleguy
{quote} err thank you for the response but yes I do know how to do that! that wasn't what I enquired about
Have a search I am sure there are some around, if I am correct there is a nice script here at ff if I remember correctly its called easy script, not sure about partials but it should work with fixed% amounts off risk
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