DislikedI placed this trade earlier today and it took its time to get going, but now it's looking promising. Once again I tried to trail my entry down the retracement without chasing price and being triggered too soon. {image}Ignored
MA Crossover System that works for me
- #343
- Jan 20, 2023 5:37am Jan 20, 2023 5:37am
Long trade, NZD/CAD 4 H. Arrow shows a big bull bar. After close of the candel, I put a buy limit order to 50 % pullback of the green candel. It was trigerd.
I am in green. The trade was also supported by the D Chart long trand.
I am in green. The trade was also supported by the D Chart long trand.
- #344
- Jan 20, 2023 1:16pm Jan 20, 2023 1:16pm
Long trade, NZD/CAD 4 H. Arrow shows a big bull bar. After close of the candel, I put a buy limit order to 50 % pullback of the green candel. It was trigerd. I am in green. The trade was also supported by the D Chart long trand. {image}
- #347
- Jan 23, 2023 12:22am Jan 23, 2023 12:22am
H4 is sitting on local support and should it break below that it might be a good opportunity. However, the daily doesn't look bearish enough, even though there is a big lower high. That pole and pennant formation could even mean a break upward once it breaks out of the pennant / wedge.
- #350
- Jan 23, 2023 12:44am Jan 23, 2023 12:44am
In this case I got too close to the candles with my entry and was triggered too soon. I should have placed it out in open space below that consolidation area. There should be a breakout, but now I'm hoping for it instead of sitting back and waiting for it. {image}
- #354
- Edited 2:42am Jan 24, 2023 1:47am | Edited 2:42am
Gu ...buy
{quote} This USDCHF trade was stopped out when price burst up last week (about 5 or 6 candles back). I entered higher up and it is in profit at the moment.{image}
Unfortunately that initial push down created a higher low and confirmed the bullish trendline, so I moved my TP up just inside the TL to catch as much of that profit as possible. But I might just close manually anyway and get out while I can. I will end up with just a small loss if price gets to the new target.
