Price action + momentum = 
- #140,887
- Jun 20, 2023 7:08pm Jun 20, 2023 7:08pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} i can't enter before that bar. it showed a valid breakout of the last low swing and momenum, i just entered after it. But if i was following that pair more, i would enter on that candle on m15 timeframe. {image} {image}
> only after a swing high is seen and a true reversal setup is there, then only a M15 entry would be good
> also a M5 entry can another option ... "low risk trade idea" with much smaller stop loss 'R'
> key here is an established swing which means potentially we want to see it run 3 to 8 candles after the true reversal.... +2R to +5R trade
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,888
- Jun 20, 2023 7:19pm Jun 20, 2023 7:19pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,889
- Jun 20, 2023 7:35pm Jun 20, 2023 7:35pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Ranging markets are the worst, it is a slaughter for the traders, suffered three losses yesterday on that pair .
last night was a very good example of the saying:
" bulls make money, bears make money ... only the pigs got slaughtered "
NYO turned things very quickly against the TDI crossed UP
...it is ALL in Post#647 and you need to be very proficient in chart reading .
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,890
- Jun 20, 2023 7:49pm Jun 20, 2023 7:49pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,891
- Jun 20, 2023 7:55pm Jun 20, 2023 7:55pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
GU Jun20 H4 at New York Open now - you know the risks {image} ...
GU Jun20 H4 TMS-II trades closed
- three exits TP1 +10pips, TP2 +25pis
- exit_3 with CP when price pulled back.
- 3 winners, no loss.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,892
- Jun 20, 2023 7:59pm Jun 20, 2023 7:59pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
AJ Jun 20 TMS-II trade - H4 Master Candle consolidation breakout and ATR trigger - quick exits and stopped out by the pull back - re-entry done and now taken profits with exits TP1 +10 pips and TP2 +25 pips {image} ...
AJ Jun 20 H4 TMS-II trades closed
- exit_3 CSTSL +40pips
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,893
- Jun 20, 2023 8:12pm Jun 20, 2023 8:12pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
UJ Jun21 H4 at Tokyo 10am
- you decide based on your own trade plan
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- you decide based on your own trade plan
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,894
- Jun 20, 2023 8:32pm Jun 20, 2023 8:32pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
AJ Jun21 H4 study Tokyo 10:30am
- we have a swing low with the last 5 bars/candles, note the fractal at bar/candle3
- but the HA candle is below its 5EMA and the 5EMA is pointing down
- for a buy setup condition, we need to see the HA candles above its 5EMA and the 5EMA to show the direction #261
- to trade the new swing, the price action must break the first bar/candle 1 high of the swing low
- some traders would trade when they see the HA candle closed above its 5EMA but with some risks
> Note the higher timeframes Daily and Weekly conditions
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- we have a swing low with the last 5 bars/candles, note the fractal at bar/candle3
- but the HA candle is below its 5EMA and the 5EMA is pointing down
- for a buy setup condition, we need to see the HA candles above its 5EMA and the 5EMA to show the direction #261
- to trade the new swing, the price action must break the first bar/candle 1 high of the swing low
- some traders would trade when they see the HA candle closed above its 5EMA but with some risks
> Note the higher timeframes Daily and Weekly conditions
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,896
- Jun 20, 2023 11:31pm Jun 20, 2023 11:31pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Eurcad is ready for a short good luck all
YES!
- also UC and GC ... as CAD looks stronger now
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,897
- Jun 20, 2023 11:35pm Jun 20, 2023 11:35pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
AJ Jun21 H4 study Tokyo 10:30am - we have a swing low with the last 5 bars/candles, note the fractal at bar/candle3 - but the HA candle is below its 5EMA and the 5EMA is pointing down - for a buy setup condition, we need to see the HA candles above its 5EMA and the 5EMA to show the direction #261 - to trade the new swing, the price action must break the first bar/candle 1 high of the swing low - some traders would trade when they see the HA candle closed above its 5EMA but with some risks > Note the higher timeframes Daily and Weekly conditions...
AJ Jun21 H4 Tokyo 1:30pm ... as price close green line move higher ,,, Stoch follows closely but
the TDI is lagging as it waits for the bar/candle Close price to update.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #140,898
- Jun 20, 2023 11:53pm Jun 20, 2023 11:53pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
AJ Jun21 H4 study Tokyo 10:30am - we have a swing low with the last 5 bars/candles, note the fractal at bar/candle3 - but the HA candle is below its 5EMA and the 5EMA is pointing down - for a buy setup condition, we need to see the HA candles above its 5EMA and the 5EMA to show the direction #261 - to trade the new swing, the price action must break the first bar/candle 1 high of the swing low - some traders would trade when they see the HA candle closed above its 5EMA but with some risks > Note the higher timeframes Daily and Weekly conditions...
- do we have a setup
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
