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  • #101
  • Jul 6, 2022 7:32pm Jul 6, 2022 7:32pm
Posting this as an example of a dubious entry.
USDJPY... possible, but trend maybe flattening out.
Attached Image (click to enlarge)
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In the days of old when sailors were bold, and seldom if ever contented.
  • #102
  • Jul 7, 2022 8:27am Jul 7, 2022 8:27am
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@pt49
Was this a valid setup (it has hit SL now - looking back, would a bigger candle/longer tail have been more ideal)?
  • #103
  • Jul 7, 2022 3:00pm Jul 7, 2022 3:00pm
Looking at this nzdcad daily to close. Buy this inverted hammer looks promising. It's off of a major resistance
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  • #104
  • Jul 7, 2022 3:03pm Jul 7, 2022 3:03pm
I meant but...this is a sell
  • #105
  • Jul 7, 2022 4:05pm Jul 7, 2022 4:05pm
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Valid Sell setup?
  • #106
  • Jul 7, 2022 5:25pm Jul 7, 2022 5:25pm
Quoting pt49
Trade #5 was a loser, but entry was not until a few days after the setup due to the market gapping down over 100 pips the day after the trade set up. Nonetheless... a loser it is.
Good day , please just went through the thread, my issue is identifying the candle stick and which position you want to see it, like above or below the ema
Also , which candlestick pattern is your very first example
  • #107
  • Jul 7, 2022 5:50pm Jul 7, 2022 5:50pm
Quoting billbss
{quote} You probably want to enhance these definitions. Using the definitions given, a 3 pip Doji will qualify. You'd need to zoom all the way in to see it.
I think I'm getting it better now, please ignore my first comment, I'll ask any question along the way
Thanks for sharing this
  • #108
  • Jul 12, 2022 12:46am Jul 12, 2022 12:46am
Opened a GJ trade. I think this is a valid sell setup.
Attached Image (click to enlarge)
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  • #109
  • Jul 12, 2022 6:07am Jul 12, 2022 6:07am
Quoting sofiecoco
Opened a GJ trade. I think this is a valid sell setup. {image}
@sofiecoco - your trade/trigger candle looks like a valid setup. I get this though (see image) - not a valid setup. Could be difference in broker or something...

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  • #110
  • Jul 13, 2022 5:24am Jul 13, 2022 5:24am
Quoting Bee-Hop
{quote} @sofiecoco - your trade/trigger candle looks like a valid setup. I get this though (see image) - not a valid setup. Could be difference in broker or something... {image}
Yeah, it's most likely due to the difference in broker. I haven't seen any new setups. If you find any, please share! :-)
  • #111
  • Jul 13, 2022 7:40am Jul 13, 2022 7:40am
Bee-Hop how do you determine trend though?
A 50ema ain't gonna do it.
In the days of old when sailors were bold, and seldom if ever contented.
  • #112
  • Jul 13, 2022 8:56am Jul 13, 2022 8:56am
Quoting pt49
Bee-Hop how do you determine trend though? A 50ema ain't gonna do it.
LOL.
Yeah ignore the 50EMA - was more focused on the candle not meeting the rules for my chart but did meet the rules for @sofiecoco
  • #113
  • Jul 13, 2022 8:57am Jul 13, 2022 8:57am
Quoting Bee-Hop
{image} Valid Sell setup?
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Was too tight with my SL moving past the BE and got stopped out.
  • #114
  • Jul 13, 2022 6:02pm Jul 13, 2022 6:02pm
@pt49

Would it be correct to say these are trades you would not take - although we have the trigger candle, the EMAs are not showing us a trend - they have just crossed and could be considered flat, not pointing up/down to indicate trend?

I see both as going sideways

AUD/NZD
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GBP/NZD
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  • #115
  • Jul 14, 2022 3:08pm Jul 14, 2022 3:08pm
Quoting pt49
Posting this as an example of a dubious entry. USDJPY... possible, but trend maybe flattening out. {image}
Took this on the demo - workout. I did think it would struggle to make it.

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  • #116
  • Jul 15, 2022 6:44pm Jul 15, 2022 6:44pm
Quoting pt49
Posting this as an example of a dubious entry. USDJPY... possible, but trend maybe flattening out. {image}
Well, it turned out to be a very good trade with +3.69% RR profit and still running.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY buy 16.7.22.PNG Size: 67 KB
In the days of old when sailors were bold, and seldom if ever contented.
  • #117
  • Jul 15, 2022 8:22pm Jul 15, 2022 8:22pm
Quoting pt49
{quote} Well, it turned out to be a very good trade with +3.69% RR profit and still running. {image}
you just letting it run? Or?

wondering if you closed half at 2:1 RR, and let the other half run…
A snails pace wins the race :-)
  • #118
  • Jul 15, 2022 10:43pm Jul 15, 2022 10:43pm
As I said in my original post on the trade, I was not confident on the trend, so I never placed the trade...
The trend looks OK after the event, but at the entry time, the 8ema looked to be levelling out.
In the days of old when sailors were bold, and seldom if ever contented.
  • #119
  • Jul 16, 2022 10:48am Jul 16, 2022 10:48am
You started the thread in 2009 and you are still using the same simple system. I admire you !!!
I have a question for you after seeing your profile. Is this system used to trade the IB Maximizer?
  • #120
  • Jul 18, 2022 6:05pm Jul 18, 2022 6:05pm
NZD/USD - Sell
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NZD/CAD - Sell
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