DislikedAttachment
Is the thumb down bar consider reversal bar (not the blue arrow) although it touch both 5ema?Ignored
-Sterling
Founder of Day Trading Forex Live
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DislikedAttachment
Is the thumb down bar consider reversal bar (not the blue arrow) although it touch both 5ema?Ignored
DislikedNo its not a setup bar. It touches both EMA's like you said, thus disqualifying it from being a setup bar.
-SterlingIgnored
DislikedSo the red tick is setup bar since blue arrow is the reversal bar?Please clarify.Ignored
DislikedThe red check is the setup bar to go long and the bar that touches both EMA's is the reversal bar.
-SterlingIgnored
DislikedFor you yes. You are still long based on the charts you are using. People using Alpari as the standard which is what the room uses are short. Over the course of months I think it all evens out.
-SterlingIgnored
DislikedThe IBFX charts have done better on occasion, but since I have been in here from almost the beginning, then Alpari have definitely done better. They used to have 2 hr difference, what happened? DST, but I dont get why that made a differenceIgnored
DislikedHi Ster,
Quick question while I have you here, do we keep changing the SL on our reverse order evertime we get a new bar closed while waiting for a setup bar to go the other way???Ignored
Dislikedand we have change on the market
short
SL1.4935
pending buystop
pr 1.4935
SL 1.4657
good luck
PeterIgnored
Dislikedfiuuu we have been very lucky
the long didn't trigger for a few pips! for 2 pips at 0.00 (high 1.4925, next bar high 1.4931) with EMA5Low already touched the candle before *_*
is it correct or the 20.00 was not a proper setup bar??Ignored
Dislikedfiuuu we have been very lucky
the long didn't trigger for a few pips! for 2 pips at 0.00 (high 1.4925, next bar high 1.4931) with EMA5Low already touched the candle before *_*
is it correct or the 20.00 was not a proper setup bar??Ignored
DislikedWhen that bar made an high of 1.4931, our SL and buy stop were at 1.5056.Ignored
DislikedIt didnt break the lower EMA by 5 pips or more thus it wasent a proper setup bar.
-SterlingIgnored
DislikedSorry I went to sleep for a bit. In the case of a short you only move the stop and reversal order when the market makes a new low and that bar closes. Now there are exceptions to this. If the market goes down and makes and new low and then fails to trigger the buy during the next 2 bars the trade is cancelled right? So on that third bar as the rules state it only has to meet the minimum requirements of a setup bar and you dont need to worry about the previous low. If this keeps repeating then thats fine.
-SterlingIgnored