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  • #3,001
  • Sep 10, 2020 8:26am Sep 10, 2020 8:26am
[quote=LauraT;13157990]{quote} Seems just as likely to go up as down. .

Just using Lauras post to ask if other traders suffered significant delays from their respective brokers during the ECB release from 22:30pm and the next 20 mins.

My platform (Pepperstone with cTrader) failed to provide constant access while the high volatility was occurring, I did not hold a trade during that time but interested to hear how other traders coped with that period, hopefully no one suffered a loss

Just another reason why we need to be careful during news releases.

Ben
  • #3,002
  • Sep 10, 2020 8:37am Sep 10, 2020 8:37am
Quoting Jp1
{quote} i believe its better to drop to M1 for Indices - so there were multiple entries. 1st area highlighted would be a pretty aggressive entry, especially with the open just above it. So a lower risk entry is the second box highlighted once it got above the open. A couple more possibilities on the way up.... {image}
You're right for M1 there were several options to enter
Thanks
  • #3,003
  • Sep 10, 2020 8:56am Sep 10, 2020 8:56am
Quoting btrfx1
Quoting LauraT
{quote} Seems just as likely to go up as down. . Just using Lauras post to ask if other traders suffered significant delays from their respective brokers during the ECB release from 22:30pm and the next 20 mins. My platform (Pepperstone with cTrader) failed to provide constant access while the high volatility was occurring, I did not hold a trade during that time but interested to hear how other traders coped with that period, hopefully no one suffered a loss Just another reason why we need to be careful during news releases.
...
Unfortunately theads on FF are more or less soley concentrated on technical analysis alone with the odd word on being careful on news releases, well the banks and institutions are fully focused on Fundementals and Daily sentiment. My first port of call in the mornings are catching up with current sentiment in the market and homing in on weak/ strong pairs. There are lots of free news resources available, which cant be mentioned here. It is known that Big Boys" take a 80% Fundementals 20% technicals approach.
  • #3,004
  • Sep 10, 2020 9:18am Sep 10, 2020 9:18am
Wanted to show a trade I've just closed to point out that, sometimes, I have to kick my own butt.

Attached Image (click to enlarge)
Click to Enlarge Name: UK100Sb920M1.png Size: 41 KB

It's still a profit at the end of the day. But, I ignored the information available to me. Everything I have on my roadmap template is there for a reason. In this case, there was a logical take profit point at the daily open line (brown line). I chose to ignore that and gave back some profit.

Don't be a Laura. Make use of what's available to you
  • #3,005
  • Sep 10, 2020 9:54am Sep 10, 2020 9:54am
Posting another trade from today to highlight that, on occasions, ADR high/low can be overridden.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM1.png Size: 41 KB

Sometimes momentum will be so strong, and the RSI number so high (for longs) or low (for shorts) that ADR might not stop the move continuing. In this particular case, it didn't travel very far before running out of steam and breaking my latest trendline but I wanted to mention the fact that ADR doesn't always mean we have to get out.
  • #3,006
  • Sep 10, 2020 11:48am Sep 10, 2020 11:48am
Quoting LauraT
Posting another trade from today to highlight that, on occasions, ADR high/low can be overridden. {image} Sometimes momentum will be so strong, and the RSI number so high (for longs) or low (for shorts) that ADR might not stop the move continuing. In this particular case, it didn't travel very far before running out of steam and breaking my latest trendline but I wanted to mention the fact that ADR doesn't always mean we have to get out.
Euros rampant still
  • #3,007
  • Sep 10, 2020 11:51am Sep 10, 2020 11:51am
Quoting LauraT
{quote} Hi It's just set to 200, which replicates the channel crossing the SMA200.
Laura,

Where can i get True Range Indicator ? Thanks in advance.
Consistency & Patience
  • #3,008
  • Sep 10, 2020 12:38pm Sep 10, 2020 12:38pm
Quoting coolsjc
{quote} Laura, Where can i get True Range Indicator ? Thanks in advance.
Here you go
Attached File(s)
File Type: ex4 TrueTrend.ex4   16 KB | 1,114 downloads
  • #3,009
  • Sep 10, 2020 1:34pm Sep 10, 2020 1:34pm
Quoting LauraT
{quote} Here you go {file}
Thanks again.
Consistency & Patience
  • #3,010
  • Sep 10, 2020 7:31pm Sep 10, 2020 7:31pm
Quoting Scrambleguy
{quote}{quote} Unfortunately theads on FF are more or less soley concentrated on technical analysis alone with the odd word on being careful on news releases, well the banks and institutions are fully focused on Fundementals and Daily sentiment. My first port of call in the mornings are catching up with current sentiment in the market and homing in on weak/ strong pairs. There are lots of free news resources available, which cant be mentioned here. It is known that Big Boys" take a 80% Fundementals 20% technicals approach.
News sources would be helpful
  • #3,011
  • Sep 10, 2020 9:14pm Sep 10, 2020 9:14pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting LauraT
Double Channel approach It's been a while but I've added a new journal entry, explaining an addition you can make to assist with trade management. You can find it here: https://www.forexfactory.com/thread/...just-a-journal Please keep any comments or queries in this thread as I try to keep the journal as an uncluttered space where posts can be easily found.

Thanks Laura!, double channel approach.. helped a lot clear the confusion on entry and exits..

As always you are best guru.. i found..
All things are difficult before they are easy.
  • #3,012
  • Sep 11, 2020 2:28am Sep 11, 2020 2:28am
Very quick 38 pip scalp up to trend line. Risk pairs more positive so far this morning AUD/CAD / NZD and so indices too
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  • #3,013
  • Sep 11, 2020 2:47am Sep 11, 2020 2:47am
Hello
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This is my DAX entry, can you tell me what I did wrong?
  • #3,014
  • Sep 11, 2020 2:52am Sep 11, 2020 2:52am
Quoting piotrekk2000
Hello{image} This is my DAX entry, can you tell me what I did wrong?
Hi, fighting momentum after YH rejection/test. YH/L must be with you, or use them like targets, but never enter against sharp moves from them. Hope it helps
  • #3,015
  • Sep 11, 2020 2:57am Sep 11, 2020 2:57am
Quoting piotrekk2000
Hello{image} This is my DAX entry, can you tell me what I did wrong?
as ZA1 says - be careful after such an aggressive move.....u entered on a steam train coming back down

also know what time of day it is - always high volatility on the london open. Can b better to let the dust settle, unless ur trading a bar break or similar
  • #3,016
  • Sep 11, 2020 3:03am Sep 11, 2020 3:03am
Quoting za1jcas
{quote} Hi, fighting momentum after YH rejection/test. YH/L must be with you, or use them like targets, but never enter against sharp moves from them. Hope it helps

The price was over SMA200 and it went up sharply
Then I thought there would be a correction as the price was approaching the 2nd channel
that's why I went in

Should I wait for the price to get back a little or was it a completely wrong entry?

Thx for you help
  • #3,017
  • Sep 11, 2020 3:03am Sep 11, 2020 3:03am
Quoting LauraT
{quote} Here you go {file}
Laura ,may i know what you wanted to gauge by using the true trend indicator ? I know its use to monitor on the crossing of 200 sma is it important?
  • #3,018
  • Sep 11, 2020 3:07am Sep 11, 2020 3:07am
Quoting Jp1
{quote} as ZA1 says - be careful after such an aggressive move.....u entered on a steam train coming back down also know what time of day it is - always high volatility on the london open. Can b better to let the dust settle, unless ur trading a bar break or similar

The price was over SMA I thought it was just a small correction I was wrong

Thanks for advice
Even unsuccessful entries will be thrown in, maybe they will also help others
  • #3,019
  • Sep 11, 2020 3:15am Sep 11, 2020 3:15am
Quoting piotrekk2000
{quote} The price was over SMA200 and it went up sharply Then I thought there would be a correction as the price was approaching the 2nd channel that's why I went in Should I wait for the price to get back a little or was it a completely wrong entry? Thx for you help
I see your entry logic. If no YH had been tested/rejected, and no such sharp moves up and down as Jp1 stated then entry would be valid in my opinion.
EDIT: I allowed to make some drawing, pictures says more than 1000 words
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  • #3,020
  • Sep 11, 2020 4:29am Sep 11, 2020 4:29am
Quoting za1jcas
{quote} I see your entry logic. If no YH had been tested/rejected, and no such sharp moves up and down as Jp1 stated then entry would be valid in my opinion. EDIT: I allowed to make some drawing, pictures says more than 1000 words {image}
Thank you very much for your comments are very helpful

And I have one more entrance
What did I do wrong here?

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