Will like to share a good news with all my forex factory friends. I have been appointed as Chief Consultant Oncosurgeon in the prestigeous "Cancer Centres Of America Hospital" in our city.
well deserved , really pleased for you
well deserved , really pleased for you
- #1,222
- Sep 5, 2024 4:57am Sep 5, 2024 4:57am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Hello dear Doctor! (It's not to test - just for me to understand)))
If the APB body color changes but Rsioma do not, it is time to trail SL to minimise loss. When any of the Rsioma also change color, its time to exit the trade.
I have answred your question to the best of my knowledge.
- #1,224
- Sep 5, 2024 5:59am Sep 5, 2024 5:59am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Let us analise my current trade.
Histogram 1 : magenta.
Histogram 2 : Lime. Long term uptrend.
#1) Uptrend
#2) The buyers in #1 are booking profit. So it is a pullback.
#3) The TE 51 break is a false breakdown (star in circle on chart) because the RSIOMAS are in oversold zone #4
As there is no follow through on the lower side for the next five H4 candles, false breakdown is confirmed.( Absence of strong sellers)
#5) Gann 9 alert (lime vertical line). Rsioma changing to lime/blue in oversold zone and gann lines in subwindow changing to lime.
All confirm uptrend will be resumed.
Entry with 2 lots. first target R:R 1:1 acheived. Moved SL to breakeven.
Now it is a risk free trade. As long as APB and Rsioma are bullish, hold position.
If the histogram 1 turns lime.... it will turn out to be a extremly profitable trade.
Histogram 1 : magenta.
Histogram 2 : Lime. Long term uptrend.
#1) Uptrend
#2) The buyers in #1 are booking profit. So it is a pullback.
#3) The TE 51 break is a false breakdown (star in circle on chart) because the RSIOMAS are in oversold zone #4
As there is no follow through on the lower side for the next five H4 candles, false breakdown is confirmed.( Absence of strong sellers)
#5) Gann 9 alert (lime vertical line). Rsioma changing to lime/blue in oversold zone and gann lines in subwindow changing to lime.
All confirm uptrend will be resumed.
Entry with 2 lots. first target R:R 1:1 acheived. Moved SL to breakeven.
Now it is a risk free trade. As long as APB and Rsioma are bullish, hold position.
If the histogram 1 turns lime.... it will turn out to be a extremly profitable trade.
- #1,225
- Sep 5, 2024 6:04am Sep 5, 2024 6:04am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
I have answred your question to the best of my knowledge.
Just an opinion. Based on research
- #1,226
- Sep 5, 2024 7:24am Sep 5, 2024 7:24am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Let us analise my current trade.
trade or not?
As suggested by Michael.
And setup explained in my previous post.
- #1,228
- Sep 5, 2024 8:02am Sep 5, 2024 8:02am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Long EURUSD.
Even if you miss the entry, place limit order at the close of the candle. Very high chance the entry will be triggered.
- #1,229
- Edited 9:13am Sep 5, 2024 8:28am | Edited 9:13am
- | Joined Aug 2019 | Status: Trader | 200 Posts
{quote} Exactly same chart. trade or not? As suggested by Michael. And setup explained in my previous post. {image}
Kind regards
Don't trade because you think you have to do something.
- #1,230
- Edited 3:58pm Sep 5, 2024 8:37am | Edited 3:58pm
- | Joined Aug 2019 | Status: Trader | 200 Posts
Long EURUSD. {image}
Kind regards
Don't trade because you think you have to do something.
- #1,231
- Sep 5, 2024 9:13am Sep 5, 2024 9:13am
{quote} In H4, entry at close of candle. Not at high. Even if you miss the entry, place limit order at the close of the candle. Very high chance the entry will be triggered.
"Be the change that you wish to see in the world." --Gandhi
Will like to share a good news with all my forex factory friends. I have been appointed as Chief Consultant Oncosurgeon in the prestigeous "Cancer Centres Of America Hospital" in our city.
{quote} 1) We don't consider uptrend till all the guppies are lime/blue. So the uptrend right that you mentioned is a pullback. This will be clear when I explain the guppy mma and how we interpret it on our charts. 2) Ignoring the histograms, both the entry candles you mentioned are correct. First will hit SL and second eill give good profits. The question is how to manage the first trade which will hit stoploss any way . Look at the APB candles following your first entry. All have lime body. Now third candle after your entry is a bullish APB. (no...
- #1,234
- Sep 6, 2024 3:19am Sep 6, 2024 3:19am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
Let us analise my current trade. {image} If the histogram 1 turns lime.... it will turn out to be a extremly profitable trade.
Finally after a long wait the first histogram has turned lime and all candles and rsioma from entry are still lime.. Lets see how the trend progresses
- #1,235
- Sep 6, 2024 4:09am Sep 6, 2024 4:09am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
EU up, GU up. What about current EG?
Pros: guppy color, 1 HTF histo color, gann earlier, rsioma cross in overslod zone earlier, visual trend up with the first BOS.
Contras: EU up, GU up also
Pros: guppy color, 1 HTF histo color, gann earlier, rsioma cross in overslod zone earlier, visual trend up with the first BOS.
Contras: EU up, GU up also
Just an opinion. Based on research
- #1,236
- Sep 6, 2024 6:04am Sep 6, 2024 6:04am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
{quote} Followup on my current trade.. {image}
Was watching M15 for pullback continuation pattern. Re entered with one lot. SL for both lots @ swing low of M15...
Let us see how the trend progressess.
Even if the SL is hit, still i will end in profit. If not...
TP for second initial lot @ swing high.
- #1,238
- Sep 6, 2024 11:31am Sep 6, 2024 11:31am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
EU up, GU up. What about current EG? Pros: guppy color, 1 HTF histo color, gann earlier, rsioma cross in overslod zone earlier, visual trend up with the first BOS. Contras: EU up, GU up also
Just an opinion. Based on research
Hello friends.
I believe here comes soon a good trading opportunity. When the lower weekly histogram changes to color magenta, you should be ready. The 4 horizontal yellow lines are possible take profit points.
That is just information, not an instruction to trade.
Kind regards
I believe here comes soon a good trading opportunity. When the lower weekly histogram changes to color magenta, you should be ready. The 4 horizontal yellow lines are possible take profit points.
That is just information, not an instruction to trade.
Kind regards
Don't trade because you think you have to do something.
- #1,240
- Sep 9, 2024 2:42am Sep 9, 2024 2:42am
- Joined Feb 2019 | Status: Trader | 1,019 Posts
When the lower weekly histogram changes to color magenta, you should be ready.
If you scroll back the chart, more than 80% the times the weekly histogram is bullish.
Probably it is wise to wait for buying opportunity rather than going short.