XAU/USD {image}
- #1,643
- May 29, 2024 8:59pm May 29, 2024 8:59pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
XAU/USD {image}
nice !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,644
- May 29, 2024 9:06pm May 29, 2024 9:06pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} AU May29 M15 entry - this may play out {image} ...
AU May29 M15
- re-entry on H1 completion , I check my charts once every 4 hour
- rejection of 4Hr SnR (green lines)
- how many 'R' profit depends on your exit strategy and trade management
- when you move your initial SL too early, most often the trades get stopped out and you will miss the +5R exit profit
- it is the Fear and Greed factor when managing trades and watching your charts
- you can consider to use the EA THV Cavemanager the OP' post in #324 and manage your trades according to your exit strategy.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,645
- May 29, 2024 9:13pm May 29, 2024 9:13pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Hi Traders, End of the week, I hope some of you got some winners and especially some 7.5R's. Here is a display option using separate window for line chart. Have a good weekend. {image}
{file}
This is a good idea to place the moving average in sub-window.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,646
- May 30, 2024 1:37am May 30, 2024 1:37am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
BTC May 30 Month-End
- strong reaction at previous Daily SnR
- now I will check the next 4hr and look for possible buys setup with small stop loss
Weekly
- a quick view to the market type conditions
- then follow the OP's post#1 and determine the SnR levels on Daily, H4, and H1
...
- strong reaction at previous Daily SnR
- now I will check the next 4hr and look for possible buys setup with small stop loss
Weekly
- a quick view to the market type conditions
- then follow the OP's post#1 and determine the SnR levels on Daily, H4, and H1
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,647
- May 30, 2024 5:48am May 30, 2024 5:48am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
BTC May 30 Month-End - strong reaction at previous Daily SnR - now I will check the next 4hr and look for possible buys setup with small stop loss {image} Weekly - a quick view to the market type conditions - then follow the OP's post#1 and determine the SnR levels on Daily, H4, and H1 {image} ...
BTC May30
- I see bearish candle with pull-back of the H4 candle
- a 1-2-3 type setup
- good enough for me to take a buy trade with small stop loss
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,648
- May 30, 2024 9:13am May 30, 2024 9:13am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} BTC May30 - I see bearish candle with pull-back of the H4 candle - a 1-2-3 type setup - good enough for me to take a buy trade with small stop loss {image}
...
BTC May30 M15 UPDATE:
- +6R is good
- +7.5R would be bonus like the OP usually target
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,649
- May 30, 2024 8:03pm May 30, 2024 8:03pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} BTC May30 M15 UPDATE: - +6R is good - +7.5R would be bonus like the OP usually target {image} ... {image}
- after hitting the +7.5R target
- it rejected the Weekly SnR 69445
H4 pullback
- something to consider for today' trading
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,650
- May 30, 2024 9:13pm May 30, 2024 9:13pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
BTC May31 M15
- buyers on Daily and H4 have some things to consider
- I trade the 4Hr ... once every 4 hours looking for trade setups,
- many trades wont work out but those that work must be above +2R
- in order for the system to have a Statistical Edge over 1,000 trades
...
- buyers on Daily and H4 have some things to consider
- I trade the 4Hr ... once every 4 hours looking for trade setups,
- many trades wont work out but those that work must be above +2R
- in order for the system to have a Statistical Edge over 1,000 trades
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,651
- May 31, 2024 8:23am May 31, 2024 8:23am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
BTC May31 M15 - buyers on Daily and H4 have some things to consider - I trade the 4Hr ... once every 4 hours looking for trade setups, - many trades wont work out but those that work must be above +2R - in order for the system to have a Statistical Edge over 1,000 trades {image} {image} ...
Another bad trade this morning.
When the H4 closed bearish, do not wait ... just close with small loss.
Do Not worry with many small losses because the big winners +5R to +7R will come
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,652
- May 31, 2024 8:25am May 31, 2024 8:25am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} Another bad trade this morning. When the H4 closed bearish, do not wait ... just close with small loss. Do Not worry with many small losses because the big winners +5R to +7R will come {image} ...
BTC May31 New York Open
- there is an impulse wave, will there be a 123 setup ...
- we wait for the best setup with small stop loss
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,653
- Jun 2, 2024 9:45pm Jun 2, 2024 9:45pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
A new Month, and new Week ...
AU Jun03 M15
> wait for the next 4hour trade window and the Frankfurt OPEN
OP' last post to learn ,
...
AU Jun03 M15
> wait for the next 4hour trade window and the Frankfurt OPEN
OP' last post to learn ,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,654
- Jun 3, 2024 7:44am Jun 3, 2024 7:44am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
A new Month, and new Week ... AU Jun03 M15 > wait for the next 4hour trade window and the Frankfurt OPEN {image} OP' last post to learn , ... {image}
Today I fell asleep .... and missed the 4Hr trade window routine...
A nice H4 rejection candle ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,655
- Jun 3, 2024 8:05pm Jun 3, 2024 8:05pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
AC Jun04
- toppisch price action with Inside Bar
- two pull back candles
- sell with small SL
> need to protect quickly
...
- toppisch price action with Inside Bar
- two pull back candles
- sell with small SL
> need to protect quickly
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,656
- Jun 4, 2024 5:21am Jun 4, 2024 5:21am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
AC Jun04 - toppisch price action with Inside Bar - two pull back candles - sell with small SL > need to protect quickly
{image} ...
AC Jun04 M15 UPDATE London 11am
- market moved +5R
- how did you manage this trade?
- Your Exit Strategy and how you manage the trade will determine your profit
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,657
- Jun 4, 2024 8:17pm Jun 4, 2024 8:17pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
AC Jun05 M15 Tokyo 9am
> trade once every 4 hours,
> H4 'rejection' at BRN9100
...
> trade once every 4 hours,
> H4 'rejection' at BRN9100
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,659
- Jun 5, 2024 5:34am Jun 5, 2024 5:34am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett