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  • #3,121
  • Sep 16, 2020 10:32am Sep 16, 2020 10:32am
Quoting firewir3
{quote} Yeah "High Five" , its does work! below was the 2 example trade I holding on as both of them didn't cross back SMA200 the intial take profit would be at previous day hi/lo but I remember Laura shared on one of her post that as price move further away from channel we might see some retracement so taken profit and wait for the next opportunity. AUDUSD {image} USDCHF{image}
Good job we both got out of USDCHF when we did!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 16 Sep.png Size: 59 KB
  • #3,122
  • Sep 16, 2020 11:43am Sep 16, 2020 11:43am
Quoting L1ghtning
{quote} Good job we both got out of USDCHF when we did! {image}

It was indeed a good target

If you look left, you will see that price has struggled to push past this zone in the recent past.

Attached Image (click to enlarge)
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  • #3,123
  • Sep 16, 2020 1:16pm Sep 16, 2020 1:16pm
Quoting KPTrading
{quote} It was indeed a good target If you look left, you will see that price has struggled to push past this zone in the recent past. {image}
I would personally only enter long on this pair after price has dropped below 0.90395 waiting for the correct time and correct signal.
  • #3,124
  • Sep 16, 2020 7:38pm Sep 16, 2020 7:38pm
Quoting fxbarwise
{quote} I would personally only enter long on this pair after price has dropped below 0.90395 waiting for the correct time and correct signal.
Hey Barwise,

Would you mind sharing your chart and reasoning?

In this trade we are simply showing where we decided to TP on our short trade down to resistance no interest in going long in that situation shown on the chart.
  • #3,125
  • Sep 16, 2020 9:29pm Sep 16, 2020 9:29pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5M09172020.JPG Size: 140 KB


Support confluence for EURUSD ... almost in all timeframes.. hope it is correct
All things are difficult before they are easy.
  • #3,126
  • Sep 17, 2020 1:48am Sep 17, 2020 1:48am
Quoting vrama
{image} Support confluence for EURUSD ... almost in all timeframes.. hope it is correct
Hi Vrama , you going long at support right? I think its going against the rules we only go short if the price is below SMA200 unless for reversal trade but mtf and rsi is red too right?
  • #3,127
  • Sep 17, 2020 2:33am Sep 17, 2020 2:33am
As a naked chart price action trader, it's always interesting to see all the other things people can use to trade for similar results.
Love to talk on Discord: DividendGamer#1324
  • #3,128
  • Sep 17, 2020 3:35am Sep 17, 2020 3:35am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting firewir3
{quote} Hi Vrama , you going long at support right? I think its going against the rules we only go short if the price is below SMA200 unless for reversal trade but mtf and rsi is red too right?

Agreed today it worked out in my favor..
Thanks for explanation.. will keep in mind.. from now on...
All things are difficult before they are easy.
  • #3,129
  • Sep 17, 2020 4:52am Sep 17, 2020 4:52am
Hi Laura,

Would you still be looking opportunity to enter if the pair ADR is reached?example like below
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdadr.JPG Size: 159 KB
  • #3,130
  • Sep 17, 2020 4:59am Sep 17, 2020 4:59am
Quoting firewir3
Hi Laura, Would you still be looking opportunity to enter if the pair ADR is reached?example like below {image}
Hi

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 42 KB

I think I'd want to see that trendline broken before I got short, as there could be bullish momentum still.
  • #3,131
  • Sep 17, 2020 5:33am Sep 17, 2020 5:33am
Quoting LauraT
{quote} Hi {image} I think I'd want to see that trendline broken before I got short, as there could be bullish momentum still.
Ahh yes..the bigger picture I didn't noticed that , thank you Laura for sharing
  • #3,132
  • Edited 8:23am Sep 17, 2020 7:14am | Edited 8:23am
Hi,

Heya. I decided to make a template that has buttons for adding our 21/55 channel so that we can manage our open trades without having to add them manually or change template.
Personally, I do not like seeing these channels unless I am already in a trade. It clouds my judgement.
I hope this is useful for someone.

Just tap the buttons to hide/show the channel you want. I had to add 2 different button indicators because for some reason you cannot have 2 instances of the same =/

Attached Image (click to enlarge)
Click to Enlarge Name: ddddddddddddd.png Size: 70 KB
Attached File(s)
File Type: ex4 MAs_MTF_toggle_v1.21.ex4   75 KB | 430 downloads
File Type: ex4 Toggleable Moving Averages for MT4.ex4   31 KB | 455 downloads
File Type: tpl !!!!!!!!!!!RoadMap_WithChannelButtons.tpl   14 KB | 404 downloads
  • #3,133
  • Sep 17, 2020 7:42am Sep 17, 2020 7:42am
Quoting KPTrading
Hi, Heya. I decided to make a template that has buttons for adding our 21/55 channel so that we can manage our open trades without having to add them manually or change template. Personally, I do not like seeing these channels unless I am already in a trade. It clouds my judgement. I hope this is useful for someone. Just tap the buttons to hide/show the channel you want. I had to add 2 different button indicators because for some reason you cannot have 2 instances of the same =/ {image} {file} {file} {file}
Nice , Maybe I'm missing something I still haven't finish reading all the post .May I know how do you use the 21/55 channel ?to gauge the trend?
  • #3,134
  • Sep 17, 2020 8:08am Sep 17, 2020 8:08am
Both of these look like they are running out of steam, just waiting on the setups
Attached Image(s) (click to enlarge)
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  • #3,135
  • Sep 17, 2020 8:55am Sep 17, 2020 8:55am
Hi Laura,

I was trying to hold my winner longer can you please give some comment on my trade ? My target was ADR low but I hold till the price breaks the trendline and gave back some profits or may you share some charts on how you hold onto your runner trade?thank you
Attached Image (click to enlarge)
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  • #3,136
  • Sep 17, 2020 8:56am Sep 17, 2020 8:56am
Quoting firewir3
{quote} Nice , Maybe I'm missing something I still haven't finish reading all the post .May I know how do you use the 21/55 channel ?to gauge the trend?
Go Section 9 of her Journal explained in detail.

As a matter of interest where did you get the 21 channel idea from as I recall she has an 8 and added the 55---maybe I missed something.

Ok bedtime here
Nite
  • #3,137
  • Sep 17, 2020 9:06am Sep 17, 2020 9:06am
Quoting firewir3
Hi Laura, I was trying to hold my winner longer can you please give some comment on my trade ? My target was ADR low but I hold till the price breaks the trendline and gave back some profits or may you share some charts on how you hold onto your runner trade?thank you {image}
G,day,
there's no limit to the number of trendlines you may use, a second one down into the low, after such a good 1 min chart movement down, would have given you max profit. Still a profits a profit.

May I ask you why you held for the ADR Low----Does your prior analysis on ADR lows suggest it is a potential target, I have never used that idea so interested in your thoughts

OK Lights out here, sorry, you asked for Laura's input.

Nite
  • #3,138
  • Sep 17, 2020 9:19am Sep 17, 2020 9:19am
Quoting firewir3
Hi Laura, I was trying to hold my winner longer can you please give some comment on my trade ? My target was ADR low but I hold till the price breaks the trendline and gave back some profits or may you share some charts on how you hold onto your runner trade?thank you {image}
You did the right thing in getting out. You could have got out lower by adding a speedline (a steeper trendline) but where you exited was fine.

In terms of how to hold winners longer, we must simply take what the market offers us. Although your target was ADR Low, the market won't necessarily go there. So, it's about taking what's on offer and not trying to bend the markets to our desires.
  • #3,139
  • Sep 17, 2020 12:33pm Sep 17, 2020 12:33pm
I think I got lucky on this EJ trade earlier, rather than applying the correct rules. At the time I thought it was a good entry with MTF and RSI meeting the conditions, but marking the higher low and subsequent high, looks like I went against momentum.
Attached Image (click to enlarge)
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  • #3,140
  • Sep 17, 2020 12:48pm Sep 17, 2020 12:48pm
Quoting L1ghtning
I think I got lucky on this EJ trade earlier, rather than applying the correct rules. At the time I thought it was a good entry with MTF and RSI meeting the conditions, but marking the higher low and subsequent high, looks like I went against momentum. {image}
Good analysis. You're right, it was gearing up for a climb. But you extracted the maximum you could out of the down move so well done
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