possible retrace or continue to daily s3
enjoy
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DislikedTwolf good job on your trading today. I didn't catch any of those longs as I stayed glued to the 5 min chart and when I began to watch I felt it was too late to enter the trade.
I have posted a chart here and just wanted to show two entries on geppy. The first was kind of a fake and after talking with fxninja I decided not to take these short trades when the red lag hasn't been at the top/bottom for a while.
The second red line is where I shorted this morning but as I was having to leave to come to work I cut this trade for 11 pips of profit. It is now about 40 pips lower than where I entered. If I would have been in front of the screen I probably would still be in this trade but no worries atleast I have confidence in the signals. I did poorly yesterday and most of it was due to my own bad entries. I went back and read most of the thread and have a better understanding now. Anyhow good trading to all today!Ignored
DislikedDiva I only feel qualified to answer because I spent the morning reading the thread. I think the reason for the pivot points was to set your take profit points. So I think you would have been fine by closing at the r2.
Also I wonder is anyone thinking of jumping on a geppy long. Looks like it could go back up hit the daily r1 and then fall again but with the thin market who knows.Ignored
DislikedThanks for the response. This is an excellent system. I'm looking at geppy too. I see the long signal on Lag1 as well, but trying to follow the "system"
I'll feel better about a long if the middle bollinger is broken, but the Lag2 is still flat . . . that's my delima. Also looks like bollinger and 60ema are trying to turn down.
I guess all of these decisions get a little easier with more practice.Ignored
DislikedYeah thing is I keep wanting to flip to the 1 min but I get chopped up so untill i get it down I will stick to 5 min and if pros like imran have trouble with 1 min then I know I will.Ignored
DislikedHey guys I think Imran is working on a pdf but due to religious obligations he is very busy. Also I think that Bfried had a pretty good suggestion as to wait till the .55(blue lag) gets closer to the .45 mark before entry. Most times you will not give up many pips. Also wait untill the bottom lag has rested on the top or bottom for a while. I think this you will miss out on some trades doing this but I also believe it is safer.Ignored
DislikedThanks for the response. This is an excellent system. I'm looking at geppy too. I see the long signal on Lag1 as well, but trying to follow the "system"
I'll feel better about a long if the middle bollinger is broken, but the Lag2 is still flat . . . that's my delima. Also looks like bollinger and 60ema are trying to turn down.
I guess all of these decisions get a little easier with more practice.Ignored