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  • #121
  • May 2, 2023 9:54am May 2, 2023 9:54am
I had a buy trigger at 1.09429. Currently up 37 pips with stop loss at break even.
  • #122
  • Edited 11:49am May 2, 2023 10:05am | Edited 11:49am
Quoting pakeha
{quote} Yes, I was fortunate enough to get triggered... SL at BE now on that trade... wait and see how much follow through there is, esp with FOMC tomorrow
Great trigger and perfect situation to be before announcment.

Now for the sake of the thread...
I will keep eye on this trade to see how it plays out before the release... where and when is positioned to whether bank it all or some or let it ride the release etc,... exciting stuff.

GL
Stay the Course
  • #123
  • May 2, 2023 5:00pm May 2, 2023 5:00pm
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also missed,
Its all just one persons opinion
  • #124
  • May 3, 2023 2:22am May 3, 2023 2:22am
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sell activated
Its all just one persons opinion
  • #125
  • May 3, 2023 3:10am May 3, 2023 3:10am
Buy#2 closed with +90 pips; Buy #1 is still in-progress with SL at BE; and Sell #1 activated.

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  • #126
  • May 3, 2023 3:25am May 3, 2023 3:25am
Quoting pakeha
Buy#2 closed with +90 pips; Buy #1 is still in-progress with SL at BE; and Sell #1 activated. {image}
Nadi-fx, when a trade is fulfilled, as with buy#2 in the post above… do you enter another pending buy order at that same level to replace it? In this case I am assuming you do.
  • #127
  • May 3, 2023 9:10am May 3, 2023 9:10am
Goodmorning, I am triggered short as well.
Coffee and I'll get to your posts shortly.

GL
Stay the Course
  • #128
  • May 3, 2023 9:16am May 3, 2023 9:16am
Quoting pakeha
{quote} Nadi-fx, when a trade is fulfilled, as with buy#2 in the post above… do you enter another pending buy order at that same level to replace it? In this case I am assuming you do.
I sure do, that level is very much intact great bounce off of it where you enjoyed that 90pips profit.

GL
Stay the Course
  • #129
  • May 3, 2023 9:31am May 3, 2023 9:31am
Here is my chart with sell trade at 10364 LV ahead of the fomc release... price hoovering around BE if stays like this before the release stop is in major jeopardy to fall in victim of whiplash. In reverse, the ideal situation would have been if this sell was already in about 50 pips gain, then our stop at BE and give it chance to drive short at zero risk but it seems unlikely to say the least lol.
I very much keep the Buy limit up top and will place it only about 5pips inside the peak considering news impact on the price with speed wilderness. If it's meant to drive the price bearish, we could get trigger there for a nice bounce, who knows.
Not the best ideal position on to be with the current sell trade but it is what it is worst case scenario you will give up 30... but some of you are sitting pretty already with 90 in the bank lol.
Let's see how it plays out... NEWS days are just another day in the office... don't make too much out of it bcz you are in NO control. unless you are Jimmy buffet or something.

GL
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Stay the Course
  • #130
  • Edited 10:10am May 3, 2023 9:46am | Edited 10:10am
Be prepared for two stops to be hit or be rewarded with a major gain, or to clear your chart and sit on your hands till dust settles, that is totally fine too. Only YOU are in charge of your risk management for your account. There is always pros and cons, risk reward. The difference is we keep our risk limited and our reward extended.
One win clears at least 3 losses.
As a retail trader who is at the mercy of secondhand info following the footsteps of price and not leading the price. There is a big difference there my friends, to follow and not lead. Therefore, 3R is my best friend... so when I do fall in-line with the big boys (1 in 3 times) I have to maximize. At least the way I trade.
all in IMHO.

I just wanted to throw that out there before wild time.


GL
Stay the Course
  • #131
  • May 3, 2023 10:04am May 3, 2023 10:04am
Now the best ideal situation to be on the buy trade that we had a massive bounce yesterday. I was super bum stunned how it missed me by hair. I wanted to be in driver sit for the major news coming up this week.
This is how I would have played it out;
today is sitting at 100+ pips cushion. I would set my take profit sitting at 50-60 pips or halfway and let that baby ride if its meant to go bull. Or, scale it by taking half off and letting it ride. By no means I would have liquidated the whole position. Because the reward could be massive at times after such news, and you could be sitting on a ride for long time.
Now what that does for your bottom line is to wipe all or most of your stops hit or to be hit even if you have 2/10 of the position riding.
Just something to keep in back of your mind for the next time.

GL
Stay the Course
  • #132
  • May 3, 2023 10:47am May 3, 2023 10:47am
Quoting mdz4h5
I had a buy trigger at 1.09429. Currently up 37 pips with stop loss at break even.
Please if I may ask how did you get 1.09429 as entry. Did you make your calculations based on Nadi-Fx formula? Which H4 swing did you make use of. Still wondering how come Nadi-Fx got the price of 1.0941ish. But I am still getting to grip with the system

Thank you for your time
  • #133
  • Edited 3:29pm May 3, 2023 10:55am | Edited 3:29pm
Quoting Jewel1996
{quote} Please if I may ask how did you get 1.09429 as entry. Did you make your calculations based on Nadi-Fx formula? Which H4 swing did you make use of. Still wondering how come Nadi-Fx got the price of 1.0941ish. But I am still getting to grip with the system Thank you for your time
Hi jewel, please read the first post and study the chart attached.
In this particular LV all you gotta do is to look to your left... you see the bottoms a few days before with long wicks visiting the same spot, that is equal to a level.
Where to exactly put your LV, referee to one of the early posts, I have explained it in detail.

GL

ps) post 7
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  • #134
  • May 3, 2023 11:13am May 3, 2023 11:13am
Below I have marked some of the key posts to read. These are all my answers to your great questions.
If you find this thread useful and following it, I highly recommend reading the 1st post thoroughly... but a true follower should read all early pages if not all 7 so far.
I will put these up on to the 1st post as well.

posts #4-7-20--39-40-43-62-66-68-74-84-96-102

GL
Stay the Course
  • #135
  • May 3, 2023 12:04pm May 3, 2023 12:04pm
Question for everybody...
is this level good any longer? and why?
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  • #136
  • May 3, 2023 12:12pm May 3, 2023 12:12pm
Quoting nadi-fx
Question for everybody... is this level good any longer? and why? {image}
I am assuming NOT... because the candle broke the level and closed above the level. That said the close of the next 4 hour candle could indicate a fakeout
  • #137
  • May 3, 2023 12:13pm May 3, 2023 12:13pm
Quoting nadi-fx
{quote} Hi jewel, please read the first post and study the chart attached. In this particular LV all you gotta do is to look to your left... you see the bottoms a few day before with long wick visiting the same spot, that is equal to a level. where to exactly to put your LV referee to one of the early posts where i have explained it in detail. GL ps) post 7
Thank you for your response. I read everything before now. The post 7 is what I am trying to apply to this entry. from my understanding, the applicable swing is either H4 candle of April 21st at 8.00 or April 20th at 12.00. In the case of both candles, the wick is longer than 20 pips. So my understanding is the 10 pips inward rule should apply.
The low of 20th is 1.09380 and so limit should be at 1.09480 and also;
the low of 21st is 1.09334 and so limit should be at 1.09433.
I hope that I have the right understanding of what you kindly shared?
Thank you for your time and efforts
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  • #138
  • May 3, 2023 12:23pm May 3, 2023 12:23pm
Quoting Jewel1996
{quote} Thank you for your response. I read everything before now. The post 7 is what I am trying to apply to this entry. from my understanding, the applicable swing is either H4 candle of April 21st at 8.00 or April 20th at 12.00. In the case of both candles, the wick is longer than 20 pips. So my understanding is the 10 pips inward rule should apply. The low of 20th is 1.09380 and so limit should be at 1.09480 and also; the low of 21st is 1.09334 and so limit should be at 1.09433. I hope that I have the right understanding of what you kindly shared?...
Jewel... that was the way I analyzed it. However, I was one of the fortunate who had their trade trigger... because in retrospect I wasn't 100% precise with the 10 pip rule... my entry was at 1.0943 rather than 1.09433. Hope that helps.
  • #139
  • May 3, 2023 1:23pm May 3, 2023 1:23pm
Good afternoon and greetings from The Netherlands.

I've very recently returned from this :

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... and have been thinking about trading a longer timeframe: H4 will do nicely.

Trade #1 below, using a futures contract, albeit a tiny micro contract, as I trade futures (as you can see my Long trade from yesterday did not fill) :

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  • #140
  • Edited 3:11pm May 3, 2023 1:45pm | Edited 3:11pm
Okey the buy trade stop was hit quickly right after announcement... but should be in the short trade from up top 10845ish LV working out nicely at statement time. Should already have recouped the earlier loss.
Remains to be seen tho...

GL
Stay the Course
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