Hello everyone, I just took a trade on eurjpy.
Entry was correct?
Thanks for your help !
Entry was correct?
Thanks for your help !
Trading Made Simple 151,873 replies
Trading Made Simple the right way, and other trading lessons 334 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedHello everyone, I just took a trade on eurjpy. Entry was correct? Thanks for your help ! {image} {image}Ignored
Disliked{quote} Excuse me, could you show how exactly you enter. Which candles need to close, and where you place your entries. I assume, these are stop/market orders?Ignored
Disliked{quote} There is nothing wrong with where you entered, however, I always enter just below the low of the 2nd red candle back starting from the right side of your chart. I see it all the time where if you "jump the gun" you can end up losing a trade that technically (based on my own rules) you should not have ever been in, or you have to needlessly endure some pain as the trade goes against you some. Also, look at your chart and count the number winning and losing Crossover Trades and what the net pips would be, and then do the same thing with the...Ignored
DislikedHere's why I day trade stocks and why I now only trade Continuation trades when trading stocks. I watch 6 stocks all at the same time because that's what fits the best to my liking on my 43" monitor (it's actually a Toshiba smart tv). I just noticed that all 6 stocks that I am watching today all have/had Continuation Trades just recently. Meaning, there have been lots of trades to choose from. Notice how many of these trades would have lost. Here's a hint...NONE.{image}Ignored
Disliked{quote} Thank u. This setup for sell is at whats called "supp" do u take it on consideration. U still take this trade? Cheers. {image}Ignored
Disliked{quote} It usually depends on how much action I see at a previous support area. On your chart, I see price has bounced off of the 158.50 area about 10 times so that to me is significant and therefore I would not go short there. Plus, to me, it's the wrong time of the day to be entering trades. I usually (ideally) enter trades between 3 a.m. (EST) and about noon because there is more volume than during other times of the day (regarding the EUR). Also, as I said in post #9665: "There is nothing wrong with where you entered, however, I always enter...Ignored
Disliked{quote} "Jump the gun" as entering to early without proper confirmation? On EurJpy I entered on the Arrow that u marked on your chart aswell.Ignored
Disliked{quote} No, that's not true as I can CLEARLY see on the image that you posted that you entered INSIDE of the red candles when I am suggesting that you should enter below the red candles. Here's the image that you posted. {image} I can see where you entered because below your entry is at the top of the green box (denoting a short trade) and above your entry is a red box (denoting your Stop Loss). You're entry is at the short horizontal line inside of the yellow box which is clearly above all of the red candles.Ignored
Disliked{quote} Ok so I should wait for price to get below that level where the red candles are and look for a entry once it does?Ignored
Disliked{quote} YES! Because as I said earlier in post #9665: "There is nothing wrong with where you entered, however, I always enter just below the low of the 2nd red candle back starting from the right side of your chart. I see it all the time where if you "jump the gun" you can end up losing a trade that technically (based on my own rules) you should not have ever been in, or you have to needlessly endure some pain as the trade goes against you some" And here's exactly what I was talking about when I made that statement: {image}Ignored