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  • #4,441
  • Apr 6, 2021 11:29am Apr 6, 2021 11:29am
first trades of the week. around +3% for today
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  • #4,442
  • Apr 7, 2021 5:41am Apr 7, 2021 5:41am
This trade should be okay right? Please tell me if there is anything that needs to be corrected or considered.

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  • #4,443
  • Apr 7, 2021 6:26am Apr 7, 2021 6:26am
Flat SMA..otherwise looks ok I think

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Plan, Prepare, Execute, Repeat
  • #4,444
  • Apr 7, 2021 7:59am Apr 7, 2021 7:59am
Quoting swingtrade65
Flat SMA..otherwise looks ok I think {image}
Are you using MAcandle indicator? If yes, what settings?
Thanks.
  • #4,445
  • Edited 6:57pm Apr 7, 2021 8:14am | Edited 6:57pm
Quoting needtolearn
This trade should be okay right? Please tell me if there is anything that needs to be corrected or considered. {image}

Hi, may I know which type of setup you are using for your entry ? channel failed crossing? but the ema8 channel haven't touch sma200 yet.

Overall trend is on uptrend but be cautious you are entering on a bearish momentum as you can see price is making HH to LH and I think it's better to enter after price break the downtrendline.

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  • #4,446
  • Apr 7, 2021 8:47am Apr 7, 2021 8:47am
Quoting MidnightRun
{quote} Are you using MAcandle indicator? If yes, what settings? Thanks.
No, these are RSI bars...I have them set for 52 for bullish and 48 for bearish.

Attached File(s)
File Type: ex4 rsi chart bars.ex4   3 KB | 454 downloads
Attached File(s)
File Type: mq4 rsi chart bars.mq4   3 KB | 500 downloads
Plan, Prepare, Execute, Repeat
  • #4,447
  • Apr 7, 2021 9:25am Apr 7, 2021 9:25am
Quoting swingtrade65
{quote} No, these are RSI bars...I have them set for 52 for bullish and 48 for bearish. {file}{file}
Thanks.
  • #4,448
  • Apr 7, 2021 8:25pm Apr 7, 2021 8:25pm
HTF RSI: 30.1

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Plan, Prepare, Execute, Repeat
  • #4,449
  • Apr 8, 2021 12:51am Apr 8, 2021 12:51am
yesterdays trades
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  • #4,450
  • Apr 8, 2021 7:44am Apr 8, 2021 7:44am
2 entries on GPB/JPY. TP area 150.00

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  • #4,451
  • Apr 8, 2021 12:19pm Apr 8, 2021 12:19pm
Quoting LauraT
{image} Decided to go short on this instrument as it seemed to be shaping up to be a day where ADR limits would be broken. Notice how price went below the ADR Low then went back up to re-test it before continuing down.
Hi Laura, I know this is an old post but just going through the thread to lean tips i may have missed. I noticed you were in the trade before ADR low broke and was retested. What should one look for when deciding if ADR may be broken, besides the retest.
  • #4,452
  • Apr 8, 2021 2:00pm Apr 8, 2021 2:00pm
Quoting RachelB
{quote} Hi Laura, I know this is an old post but just going through the thread to lean tips i may have missed. I noticed you were in the trade before ADR low broke and was retested. What should one look for when deciding if ADR may be broken, besides the retest.
Hi,

ADR will be less likely to stop price on very strong trending days. If I remember correctly, the trade I posted was one where the direction had already been firmly established.
  • #4,453
  • Apr 8, 2021 6:51pm Apr 8, 2021 6:51pm
Watching...waiting to see what RSI looks like at bar close

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  • #4,454
  • Apr 8, 2021 8:20pm Apr 8, 2021 8:20pm
Quoting swingtrade65
Watching...waiting to see what RSI looks like at bar close {image}
Hi swingtrade,
Question about the settings of the rsi chart bars indi.
Are these the settings that you are using:
RSI_period 55
RSI_price 0
Overbought 52
Oversold 48

(I am trading with OANDA, but my candles look different from yours in the charts that you are posting).
Thanks.

P.S. Apparently, RSI_period setting in your charts is 8 or 9.
Thanks.
  • #4,455
  • Apr 9, 2021 2:39am Apr 9, 2021 2:39am
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  • #4,456
  • Apr 9, 2021 6:40am Apr 9, 2021 6:40am
Quoting MidnightRun
{quote} Hi swingtrade, Question about the settings of the rsi chart bars indi. Are these the settings that you are using: RSI_period 55 RSI_price 0 Overbought 52 Oversold 48 (I am trading with OANDA, but my candles look different from yours in the charts that you are posting). Thanks. P.S. Apparently, RSI_period setting in your charts is 8 or 9. Thanks.
RSI period is 8
RSI price is 4
OVBT 52
OVSLD 48
Plan, Prepare, Execute, Repeat
  • #4,457
  • Apr 9, 2021 7:14am Apr 9, 2021 7:14am
Quoting swingtrade65
{quote} RSI period is 8 RSI price is 4 OVBT 52 OVSLD 48
Thanks!
  • #4,458
  • Apr 9, 2021 7:27am Apr 9, 2021 7:27am
Quoting needtolearn
{image}
Be weary When the 200SMA runs through the middle like that. Looks ranging
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  • #4,459
  • Apr 9, 2021 5:30pm Apr 9, 2021 5:30pm
Quoting ChubbyWookie
{quote} Be weary When the 200SMA runs through the middle like that. Looks ranging {image}

Aye, that's ideal counter trend territory...
If I code, I can't trade...
  • #4,460
  • Apr 10, 2021 3:49am Apr 10, 2021 3:49am
Quoting Frost99
yesterdays trades {image} {image}
Your chart is very clean and nice.
What are.those boxes? Can you share the template?
I really like it, good work.

Best,

L.
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