DislikedHi Traders, Just thought I would check in and post today's 7.5R trade. 3 positions entered 5SL 38TP closed last trade manually as not filled with other two trades. Have a great weekend. {image}Ignored
- #2,182
- Sep 26, 2024 8:42pm Sep 26, 2024 8:42pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} UK100 Sep26 London session sell trade - sell entry when PA breaks below the LO 10mins range - support by the 'reject candles' 1Hr, m30, m15 - now lock some profit +1R and fight for +5R exit {image} ...
UK100 Sep26 trade closed +5R
- just let it run while I slept
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,183
- Sep 26, 2024 8:44pm Sep 26, 2024 8:44pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Hi Traders, Just thought I would check in and post today's 7.5R trade. 3 positions entered 5SL 38TP closed last trade manually as not filled with other two trades. Have a great weekend. {image}
Like I said before, you got balls of steel to enter a buy at the Close of the bearish M30 candle....something traders here need to grow them with their trading confidence.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,184
- Sep 27, 2024 2:42am Sep 27, 2024 2:42am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} UK100 Sep26 Daily - will the Daily SnR 8318 play the same game like yestersday? - only time will tell {image} ...
UK100 Sep27 Daily high
- will it test the Daily SnR @8318 and make a new high before it pulls back ?
- its buy for now until I see a bearish rejection at today' high...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,186
- Sep 27, 2024 2:53am Sep 27, 2024 2:53am
- Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts
Say something meaningful or Silence!!
- #2,189
- Sep 27, 2024 6:56am Sep 27, 2024 6:56am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} UK100 Sep27 Daily high - will it test the Daily SnR @8318 and make a new high before it pulls back ? - its buy for now until I see a bearish rejection at today' high... {image}
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- H4 is pulling back after making a new day high
- will this be enough for short?
- LTF m30, m15, m5 must support a sell setup
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,190
- Sep 27, 2024 7:26am Sep 27, 2024 7:26am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} UK100 Sep27 pre-NYO - H4 is pulling back after making a new day high - will this be enough for short? - LTF m30, m15, m5 must support a sell setup {image} ... {image}
UK100 Sep27 New York Open hour
- still must wait for the H4 to close
- then look at H1 for a swing high 3 bars reversal
- careful with New York 9:30am to 10:30am
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,193
- Sep 27, 2024 7:37pm Sep 27, 2024 7:37pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} UK100 Sep27 New York Open hour - still must wait for the H4 to close - then look at H1 for a swing high 3 bars reversal - careful with New York 9:30am to 10:30am {image} ...
UK100 Sep27 update and review:
- that 4Hr pull-back did not produce a 'rejection candle' for a possible sell trade
- the next 4 hours was the trap to lure traders , I am very cautious when trading the New York 9:30am and 10:30am period
- by the time after the 2nd pullback ... it was my bedtime, very tired and
- would I be sell at the 3rd candle open .... NO never.
Daily
H4
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,194
- Sep 29, 2024 6:58pm Sep 29, 2024 6:58pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Monday Sep 30
- a new week
- it is Month-End
- Have you done your trade plans for this week and new Oct month
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- a new week
- it is Month-End
- Have you done your trade plans for this week and new Oct month
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,195
- Sep 29, 2024 7:26pm Sep 29, 2024 7:26pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} UK100 Sep27 update and review: - that 4Hr pull-back did not produce a 'rejection candle' for a possible sell trade - the next 4 hours was the trap to lure traders , I am very cautious when trading the New York 9:30am and 10:30am period - by the time after the 2nd pullback ... it was my bedtime, very tired and
UK100 Sep 30 Follow-up
- will continue stalking this today
- M30 is showing sign of the first pull back after hitting the Daily SnR 8318
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #2,196
- Sep 29, 2024 9:54pm Sep 29, 2024 9:54pm
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Hi Traders,
This mornings trade. It is this simple to become a profitable trader.
No indicators
Use SnR
Enter the market during the opening 1.5hrs
Calculate SL and TP prior to entry (Be Prepared)
TP at a SnR levels as close to 7.5R as possible
Repeat each day.
This mornings trade. It is this simple to become a profitable trader.
No indicators
Use SnR
Enter the market during the opening 1.5hrs
Calculate SL and TP prior to entry (Be Prepared)
TP at a SnR levels as close to 7.5R as possible
Repeat each day.
Your trade order needs to be in the right place at the right time.
- #2,198
- Sep 30, 2024 6:32am Sep 30, 2024 6:32am
- Joined Nov 2013 | Status: Trader | 2,387 Posts
Dear all,
Regarding the rejection candlestick,I would like to know for how many pips at least the candle body must close above or below S/R Levels for considered it as a Valid Rejection ? Can we considered a candle body that closes below the level for only 0.1 pips is considered rejected also ?
I attached the picture below and would very appreciate if can got some advise/enlightenment from you guys
Regarding the rejection candlestick,I would like to know for how many pips at least the candle body must close above or below S/R Levels for considered it as a Valid Rejection ? Can we considered a candle body that closes below the level for only 0.1 pips is considered rejected also ?
I attached the picture below and would very appreciate if can got some advise/enlightenment from you guys
