What was wrong on this short continuation trade? Any ideas? (HA was red too, it's not on the chart). {image}
two charts with notes a daily and a 15 min.
- #7,508
- Feb 16, 2022 7:08am Feb 16, 2022 7:08am
- Joined Jun 2017 | Status: Trader | 2,074 Posts
MetaTrader 4 - so many advantages.
- #7,509
- Feb 16, 2022 7:23am Feb 16, 2022 7:23am
- Joined Jun 2017 | Status: Trader | 2,074 Posts
{quote} I find this a little borring. I have set the robot to show only possible continous trades (Colour of Hull changes back and forth without crossing the 5EMA). One account on 30M and another at 4H. Nothing much is happening. Have to say though, that I am only watching from 8 to 15 UTC. I think I will set it to show all possible trades - just to get som fun. And there have been OK trades where the Hull went below 5EMA but still were continuing.
MetaTrader 4 - so many advantages.
- #7,510
- Feb 16, 2022 1:46pm Feb 16, 2022 1:46pm
- #7,511
- Feb 16, 2022 1:51pm Feb 16, 2022 1:51pm
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts | Online Now
{image}Daily chart gives to us the TRADING BIAS.In our case is bullish.{image}Hourly chart gives to us the SIGNAL.We are looking only for BUY.{image}Five minute chart we are trying for the perfect entry.(our entry is before the hourly candlestic close).
Looking for a long ride to the south
Read Charts - Not Papers
- #7,514
- Feb 16, 2022 3:43pm Feb 16, 2022 3:43pm
- Joined Jun 2017 | Status: Trader | 2,074 Posts
MetaTrader 4 - so many advantages.
- #7,515
- Feb 17, 2022 1:21am Feb 17, 2022 1:21am
{quote} Hi 1969 You seem to take a trade when the RH confluences are right, but I would not take the trade because of former price action. In this example I think that there is a ranging which I would be worried about and wait for the price to break up. Is it your experiance that in a case like this, you can trust the confluences an enter the trade?? {image}
- #7,516
- Feb 17, 2022 3:05am Feb 17, 2022 3:05am
- Joined Jun 2017 | Status: Trader | 2,074 Posts
{quote} {image}It was a quick scalping...1.higher time frame trend up. 2.signal ok.3.Volatility high. check ADX 4 .no news(no news is a good news). {image}5 minute chart accurancy.There is space for some pips.{image}1 minute chart. drilling down and that is my entry.Second trend line from the bottom is my entry and i add in my position hen the price brakes the third trendline.
MetaTrader 4 - so many advantages.
Hello dear members.
Look down there, I just found this. A Hull moving average dashboard. With this you can see very quickly which currency pair is currently making a change from up and down.
If you open the file in MetaEditor, in line 888, 889, 896, 897 you can write which word should be displayed in the dashboard, for up and down.
I find it very helpful. One file is the original and the other is the one I modified.
Have fun with it.
Regards
_____________
Michael.MSA
Look down there, I just found this. A Hull moving average dashboard. With this you can see very quickly which currency pair is currently making a change from up and down.
If you open the file in MetaEditor, in line 888, 889, 896, 897 you can write which word should be displayed in the dashboard, for up and down.
I find it very helpful. One file is the original and the other is the one I modified.
Have fun with it.
Regards
_____________
Michael.MSA
Don't trade because you think you have to do something.
- #7,519
- Feb 17, 2022 4:06pm Feb 17, 2022 4:06pm
- Joined Jun 2017 | Status: Trader | 2,074 Posts
MetaTrader 4 - so many advantages.
Hello dear members. Look down there, I just found this. A Hull moving average dashboard. With this you can see very quickly which currency pair is currently making a change from up and down. If you open the file in MetaEditor, in line 888, 889, 896, 897 you can write which word should be displayed in the dashboard, for up and down. I find it very helpful. One file is the original and the other is the one I modified. Have fun with it. {image}{file}{file}{file}{file} Regards _____________ Michael.MSA
