Level in Level out | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA Close out all open positions on certain level of equity 56 replies

What is the stop-out level for your broker? 10 replies

High leverage low stop-out level broker 19 replies

Break out and fake out 0 replies

Best place to find out news coming out from Asia 1 reply

Attachments: Level in Level out
Exit Attachments

Level in Level out

  • #141
  • May 3, 2023 1:54pm May 3, 2023 1:54pm
Indeed, the first one arrived at SL and the second one already in BE.
  • #142
  • May 3, 2023 2:00pm May 3, 2023 2:00pm
Quoting pakeha
{quote} 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
Correct.
But even if it did not close above the level, just bcz of the high reaction on it creating a long wick and resuming its still dead and the new LV is based on the new wick peak.
Stay the Course
  • #143
  • May 3, 2023 2:03pm May 3, 2023 2:03pm
Quoting gerval
Indeed, the first one arrived at SL and the second one already in BE.
I wouldn't go to BE just yet as this is still in turmoil, statement is not fished yet price could give it retest.
I know based on structure the trails stop has meet, but this is news time gotta be a bit crafty in relation to the news time.
But its up to you guys, being safe is good... but it might kick you out and resume you be out of the ride.
there is always pros and cons.

GL
Stay the Course
  • #144
  • May 3, 2023 2:10pm May 3, 2023 2:10pm
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?...
Spot on brother.
it's based on your first highlighted candle the long wick one... exactly correct going in 10 pips inward.

Now based on different brokers the price could be off by a bit for all of us... so by a few 10ths of a pips some will get triggered and some wont, that is exactly why I missed it.

GL
Stay the Course
  • #145
  • May 3, 2023 2:26pm May 3, 2023 2:26pm
I was thinking of going to sleep with BE, but with the volatility so high now the BE is very close, we will leave it as at the beginning and tomorrow, as you say, we will see a pleasant surprise or not.
  • #146
  • Edited 4:47pm May 3, 2023 4:20pm | Edited 4:47pm
Quoting nadi-fx
{quote} hi and thank you. The answer to this question is in my first post... but thread is young, and I'll answer it again. I filter with "Time", Two weeks. Recent levels! as you also mentioned. Recent to me is two weeks. Otherwise, you will have a level at every step of the price. If no reaction on a level after two weeks is dead to me, I don't care how strong once it was. so in short... * Two weeks with no rejection reaction * or... once is broken. GL
Please if I may ask, is the swing level of April 17th with buy limit order at 1.09118 still meeting the time filter of two weeks maximum? It is now two weeks and some few days old!!!
just for clarifications please

thank you
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 6 KB
  • #147
  • May 3, 2023 4:51pm May 3, 2023 4:51pm
Good job today folks. Really enjoying the thread. Hope to join in soon. keep up the good work.
respect to you nadi-fx
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #148
  • May 3, 2023 5:53pm May 3, 2023 5:53pm
Bounced around and stopped out except for the sell triggered at 1.1089.
Nadi, assuming we go back up and revisit that area would you have another sell limit order there,
and if so would you shift your current stop loss above the entry point?
Thanks
Its all just one persons opinion
  • #149
  • May 3, 2023 6:26pm May 3, 2023 6:26pm
A bit busy at work here I will get to your questions shortly.

GL
Stay the Course
  • #150
  • May 3, 2023 6:40pm May 3, 2023 6:40pm
Will there be a buy limit on the way back down around the 1.1035 area?
  • #153
  • May 3, 2023 8:12pm May 3, 2023 8:12pm
Quoting PeterCaleb
To me this seems more like guessing than actual trading.
Doesn't trading involve some guessing to a certain extent?
  • #154
  • Edited May 4, 2023 1:51am May 3, 2023 10:19pm | Edited May 4, 2023 1:51am
Quoting Jewel1996
{quote} Please if I may ask, is the swing level of April 17th with buy limit order at 1.09118 still meeting the time filter of two weeks maximum? It is now two weeks and some few days old!!! just for clarifications please thank you {image}
Hi Jewel,
If it's over two weeks, I don't put too much weight on it any longer. This one is still inside a bracket (sideway action), but it doesn't matter, it's been too long with no reaction and the initial action its mostly diminished by now. That level still may give the best bounce of the world, but I rather follow a structure that I can rely on in the long run.


GL
Stay the Course
  • #155
  • May 3, 2023 10:21pm May 3, 2023 10:21pm
Quoting Seabreeze
Good job today folks. Really enjoying the thread. Hope to join in soon. keep up the good work. respect to you nadi-fx
Thank you, Sea... happy to have you around.

GL
Stay the Course
  • #156
  • Edited 10:51pm May 3, 2023 10:28pm | Edited 10:51pm
Quoting axecap
Bounced around and stopped out except for the sell triggered at 1.1089. Nadi, assuming we go back up and revisit that area would you have another sell limit order there, and if so would you shift your current stop loss above the entry point? Thanks
You are and should be already in it from earlier trigger, so no need to re-enter again as this trade never surpassed the turmoil. However, if you used the trail stop and now kicked out at BE it's also fine. But I would not re-renter on any level unless I get a whole new V action.
I personally still in this as is shown on the chart below with stop at 30pip intact.


GL
Attached Image (click to enlarge)
Click to Enlarge Name: vv.png Size: 21 KB
Stay the Course
  • #158
  • May 3, 2023 10:37pm May 3, 2023 10:37pm
Quoting nadi-fx
{quote} You are and should be already in it from earlier trigger, so no need to re-enter again as this trade never surpassed the turmoil. However, if you used the trail stop and now kicked out at BE it's also fine. But I would not re-renter on any level unless I get a whole now V action. I personally still in this as is shown on the chart below with stop at 30pip intact. GL
Ok thanks, yes I'm still in it
Its all just one persons opinion
  • #159
  • May 4, 2023 1:53am May 4, 2023 1:53am
Quoting mdz4h5
Will there be a buy limit on the way back down around the 1.1035 area?
No... No level there at all.
Stay the Course
  • #160
  • May 4, 2023 1:58am May 4, 2023 1:58am
Quoting nadi-fx
{quote} No... No level there at all.
On current trade, is the appropriate TP level the next buy level at 1.09433 ish?

Thank you
0 traders viewing now