Just reviewing this thread I'm not sure about the trade you took (POST 57 PAGE 4).
Your rules are:
Buy when a candle close above the last down bar in a downtrend
Sell when a candle close below the last up bar in an uptrend
Take profit when you have earned a few pips or when you get a signal to make an order in the opposite direction.
That trade was a short candle closing below the last long candle in an uptrend, therefore the trade you entered should have been a short but it was a long.
Please clarify.
Just reviewing this thread I'm not sure about the trade you took (POST 57 PAGE 4).
Your rules are:
Buy when a candle close above the last down bar in a downtrend
Sell when a candle close below the last up bar in an uptrend
Take profit when you have earned a few pips or when you get a signal to make an order in the opposite direction.
That trade was a short candle closing below the last long candle in an uptrend, therefore the trade you entered should have been a short but it was a long.
Please clarify.
Thanks,
gtrade.
Ignored
I have explained that in post 58
If slaughterhouses had glass walls, everyone would be a vegetarian!
Thanks Gambler,
You wrote:
The candle before had created a downtrend by closing below the highest opening price for an up candle in the previous uptrend.
If it had created a down trend then the next trade should have been SHORT not long?
Sell when a candle close below the last up bar in an uptrend
have I missed something; only trade in the direction of the MA's etc.?
Thanks Gambler,
You wrote:
The candle before had created a downtrend by closing below the highest opening price for an up candle in the previous uptrend.
If it had created a down trend then the next trade should have been SHORT not long?
Sell when a candle close below the last up bar in an uptrend
have I missed something; only trade in the direction of the MA's etc.?
Thanks,
gtrade.
Ignored
I did not trade that downtrend. The third last candle on the picture in post 57 created a new uptrend so I bough at the opening at the second last candle and closed the position at the end of that day.
If slaughterhouses had glass walls, everyone would be a vegetarian!
I should not have made the GBP/CHF trade. I looked at the hourly chart but I thought it was the daily chart I was looking at.
Ignored
We've all made similar mistakes. I guarantee on your next trade, you will check the time frame of the chart twice before trading on it. Hopefully this lesson wasn't too expensive.
We've all made similar mistakes. I guarantee on your next trade, you will check the time frame of the chart twice before trading on it. Hopefully this lesson wasn't too expensive.
Ignored
-45 pips so far :-(
If slaughterhouses had glass walls, everyone would be a vegetarian!
If the JPY doesn't start to lose value soon I have a big problem. I knew I shouldn't have have too many positions open selling or buying the same pair but i did it anyway :-(
If slaughterhouses had glass walls, everyone would be a vegetarian!
