I just realized after the fact my entry wasn't a true signal because my macd just leveled off. The next candle appears to be a weak signal. Something is about to happen...learning a lot tonight!
I closed mine at +3 pips. Okay, that's two trades and both were not good trades in the eye of Jedi, maybe I'm not understanding something completely. I read the entire thread, post by post over the weekend but maybe I'm getting trigger happy also. Down only -10 for the day on two trades so that's nothing at all.
I closed mine at +3 pips. Okay, that's two trades and both were not good trades in the eye of Jedi, maybe I'm not understanding something completely. I read the entire thread, post by post over the weekend but maybe I'm getting trigger happy also. Down only -10 for the day on two trades so that's nothing at all.
Ignored
Doesn't look like this was a BAD trade...it was profitable. It's already oversold and meeting support. I think Jedi is trying to tell us this is just a normal retracement down from an overall bullish bounce. Too risky...tell me if I'm wrong FJ.
All the signals did line up. The risk factor comes from all the daily resistance from the daily pivot. It was mostly risky because of the daily r3. The price failed there many times ove the past hour or so. This falls into the price action area of things. At least you made pips. Our goal is shoot to kill. Good work anyway.
I closed mine at +3 pips. Okay, that's two trades and both were not good trades in the eye of Jedi, maybe I'm not understanding something completely. I read the entire thread, post by post over the weekend but maybe I'm getting trigger happy also. Down only -10 for the day on two trades so that's nothing at all.
I agree, I made pips also but I like what he did. He let us know ahead of time. He is the expert so I took his advice and closed the trade with a small profit.
Doesn't look like this was a BAD trade...it was profitable. It's already oversold and meeting support. I think Jedi is trying to tell us this is just a normal retracement down from an overall bullish bounce. Too risky...tell me if I'm wrong FJ.
The long Bull candle is what I was afraid you were going to get hit with. Lucky to be out before that happens. Price action. This is why you should only tarde 1 pair on 1 time frame. You need to know its attitude.
All the signals did line up. The risk factor comes from all the daily resistance from the daily pivot. It was mostly risky because of the daily r3. The price failed there many times ove the past hour or so. This falls into the price action area of things. At least you made pips. Our goal is shoot to kill. Good work anyway.
Thanks. I do what to feel more confident in my trades though so I'm a sponge just ready to soak up whatever anyone is willing to spill in knowledge and expertise. Please take a look at my chart attached. My daily pivot is at 1.2658 and not even close. What are levels at right now?
All the signals did line up. The risk factor comes from all the daily resistance from the daily pivot. It was mostly risky because of the daily r3. The price failed there many times ove the past hour or so. This falls into the price action area of things. At least you made pips. Our goal is shoot to kill. Good work anyway.
![Click to Enlarge
Name: trade5[11-16-2008].jpg
Size: 117 KB](/attachment/image/170683/thumbnail?d=1365555092)
![Click to Enlarge
Name: trade5.25[11-16-2008].jpg
Size: 119 KB](/attachment/image/170685/thumbnail?d=1365555092)
![Click to Enlarge
Name: trade5.75[11-16-2008].jpg
Size: 111 KB](/attachment/image/170687/thumbnail?d=1365555092)
