DislikedThanks PipCop. One more question: When we see an entry signal, should we wait for the signal candle to close before we take the trade?
ThanksIgnored

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DislikedThanks PipCop. One more question: When we see an entry signal, should we wait for the signal candle to close before we take the trade?
ThanksIgnored
DislikedThanks PipCop. One more question: When we see an entry signal, should we wait for the signal candle to close before we take the trade?
ThanksIgnored
Dislikedhi,
thanks for that, it was very helpful. Generally speaking then its much safer to take long positions when your above the daily pivot.
Also what higher time frame do you look at when taking trades on the five minute time frame??
I'm still trying to get into the skype room, will let you know if i manage to!!
amarjitIgnored
DislikedHi diva,
Can i ask you what time frame are you referring to, cause my macd is not pointing down? My 30 min macd is up and price is above the middle of the band.
Your input will help us trade better.....Thanks a million.
KingIgnored
Dislikedjust check yr 15min chart there u can see macd is going down while price is going up.
thanksIgnored
DislikedHi,
I entered this trade at the solid vertical yellow line. As soon as I did it turned on me and stopped me out right at the 25th pip of my 25 pip stoploss.
Trying to analyze it the only thing I can come up with is that it bounced right at the 200 ema and middle of the bollinger bands.
The price is above the daily pivot and the lags were in agreement (in my opinion).
Any analysis or comments are welcome, I'm trying to learn from my mistakes.Ignored