Awesome!!!
Can u believe i woke up at 2 am but then fell asleep agian and missed this beauty of a trade. Oh well,. next set up please.
Congrats!!!
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I prefer 3am est. I found a new data source (MVP) that has the 4HR bar end at 3AM (used to be 2AM). Plus at 3AM, the European market has one additional bar under it's belt, and sometimes that's enough to "show it's hand"...
Tweezer bottom off the 365 (1hr), broke through the 8EMA and bounced back above it. Placed stop just below the 365, TP1 = 30, tp2 = 60 (still open), tp3= tbd... Moved stop to break even at 5:13am (alarm), just prior to TP1
yeah i used to wake up at 3 am as well but that is when the 0400 -0800 candle closes closes on my platform and then i dont have time to prepare, or have coffee and kind of sit down plan and anticipate. . also sometimes there is an early entry as per 1 hour . anyways. good to see you making pips.
I was asleep during the EURUSD move. I still don't think I would have gotten in, as IMO it already seemed to be over sold. Good call to those that took this trade. I am tempted to take this long (CT). It closed out almost exactly at a 61.8 Fib level on my chart and has slowly pulled away.
I don't see the trade on the USDJPY at all. The 365 on my 1 hour is not even in the screen. Now it did bounce off the 365 on the 4 hour. But there appears to be no trade on the 4 hour at this time.
Just got my ass kicked on the USDCAD. The 4 hour showed a TC at 5 AM CST. Granted the top had a long tail, it was boucning off of the 21 and then with this bar the 8 EMA. Also a 61.8 Fib level it appeared to be bouncing off of. So I decided to go long. Go to be up 2 pips, and wake up stopped out.
I was asleep during the EURUSD move. I still don't think I would have gotten in, as IMO it already seemed to be over sold. Good call to those that took this trade. I am tempted to take this long (CT). It closed out almost exactly at a 61.8 Fib level on my chart and has slowly pulled away.
I don't see the trade on the USDJPY at all. The 365 on my 1 hour is not even in the screen. Now it did bounce off the 365 on the 4 hour. But there appears to be no trade on the 4 hour at this time.
Just got my ass kicked on the USDCAD. The 4 hour showed a TC at 5 AM CST. Granted the top had a long tail, it was boucning off of the 21 and then with this bar the 8 EMA. Also a 61.8 Fib level it appeared to be bouncing off of. So I decided to go long. Go to be up 2 pips, and wake up stopped out.
OUCH!
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365 was frozen from the 4hr chart onto the 1 hour chart. Entry was in anticipation of TC on the 4HR, and based on a tweezer bottom on the 1hr. I'd been watching the motion of the yen for weeks, been bouncing nicely off the 8 and the 21....
I am still not sure why the USDCAD went against me so quickly. There must be some fundamental reason.
I am not upset, as the trade fit the rules (other than maybe the long tail at the top) and I would take it again (unless someone can point out something wrong with this trade).
[quote=Ryanmcd;1760023]You are at the 1st stage, take the trade even if you write them down. You have to start somewhere. Also I only trade TC trades and it's so easy to do if you take emotions out of it. Look at the chart if you see a trade take it. Don't sit and think "Well what if I lose, what if I am wrong, what if what if what if" That is the WRONG thought process and that is fear. You can not lose or win if you don't take the trade. Also you WILL lose on some trades it happens who cares take the loss make sure you did not screw up by breaking the rules and then keep going. I lose a few a week, no biggie keep going.[/
Good advice Ryan, i like this post so went back and looked for it again. keep them coming ,
Nadia,
I need to turn off the sound alarm that it does each time a bar turn from green to red or vice versa. Want to listen to phil's mp3 but this tingh keep running... Need help!!!
here is the written copy for post 9535 , Trailing stops, i tried to attach the chart from that post but did not work out, so please refer to the original post for the chart. thanks,
Nadia.
I need to turn off the sound alarm that it does each time a bar turn from green to red or vice versa. Want to listen to phil's mp3 but this tingh keep running... Need help!!!
Thanks
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I think if you double click on the indicator it opens the properties window and there should be an alert or alarm and set that to false.
I hope I am right.
I think if you double click on the indicator it opens the properties window and there should be an alert or alarm and set that to false.
I hope I am right.
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Hmmm, mine doesn't even have alarms as an option. I'm using MACD_Colored_v102. Is there a newer one???
Would be a nice thing to turn on overnight.... (Great, another thing to wake me up!!!) I'm thinking it would be better than a price alarm on the 1 hr, as price alarms can become tricky (and picky, missing sometimes by a few pips)...
Phil, thanks for devoting your holiday to our education. I appreciate your time, dedication, and energy....
Hmmm, mine doesn't even have alarms as an option. I'm using MACD_Colored_v102. Is there a newer one???
Would be a nice thing to turn on overnight.... (Great, another thing to wake me up!!!) I'm thinking it would be better than a price alarm on the 1 hr, as price alarms can become tricky (and picky, missing sometimes by a few pips)...
Phil, thanks for devoting your holiday to our education. I appreciate your time, dedication, and energy....
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Thanks. had a quick look and there is no alarm or alert in v102 or 103. I must have been dreaming.
One of those "AH HA" moments. I have been confused on how you use the 1 hour, so I have just stayed away from it. But now, between this post and the explanation on the long candle entry, I get an AH HA moment.
Thank you Phillip!
The trade fit the 4 hour rules, but had I of gone down to the one hour chart, I could have set a better entry point, and never have entered this trade.
Thanks. had a quick look and there is no alarm or alert in v102 or 103. I must have been dreaming.
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You weren't dreaming, I downloaded this from the thread during my original study. I read it again, but wouldn't be able to tell someone how to turn on the alarms, maybe you'd have to modify the mt4 source code....
One of those "AH HA" moments. I have been confused on how you use the 1 hour, so I have just stayed away from it. But now, between this post and the explanation on the long candle entry, I get an AH HA moment.
Thank you Phillip!
The trade fit the 4 hour rules, but had I of gone down to the one hour chart, I could have set a better entry point, and never have entered this trade.
Wow!
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It is just a way of protection. It keeps you out certain times. If you are still caught you have done what you can and except the loss as part of trading.
You weren't dreaming, I downloaded this from the thread during my original study. I read it again, but wouldn't be able to tell someone how to turn on the alarms, maybe you'd have to modify the mt4 source code....
