Indicators show the past. Price Action "Indicates" the future.
DislikedI would have liked to see this break later tonight/morning. let's see if she goes for a little run.Ignored
DislikedHi Jaroo, quick question, when like this setup, when you speak of hard break, are you entering and watching as it breaks, and if its hard and fast you stay in trade, or are you waiting for hard break then retrace to get in, I luv your work and fiddling with moving stops up fast if things don't follow thru, just wanted to know more of how you treat it.
DislikedI usually don't wait for a retrace to enter. I enter at the break or a few pips beyond it.Ignored
DislikedSo Jaroo - i'm also in this GU trade - what are you looking for now at this consolidation area ?Ignored
DislikedRight now I'm waiting to see if my 2nd half will be stopped out at 1.4755.
My entry was 1.4750 and I took 35 pips on the 1st half and placed my stop loss on 2nd half just above the break of 1.4754.
I am thinking of placing my stop loss on the 2nd half 35 pip away from my entry (just above the 1.4780) so that the worst case senario would be a net zero trade.Ignored
My entry was 4760 and my stop is at 4750 for +10. Not worrying about managing any further, just hoping for that next zone of 4600/4650
DislikedI am thinking of placing my stop loss on the 2nd half 35 pip away from my entry (just above the 1.4780) so that the worst case senario would be a net zero trade.Ignored
DislikedYea, thats my plan also. My first half didn't make my 1.47 target though unfortunately(by 5 pips), so i'm still risking a little.
My stop is 1.4790. Just above a minor ppz (1.4780) (Go back a couple of weeks on daily)
As i speak, its come back to 1.4750 and rejected it slightly so hopefully that continues to be a good signIgnored
DislikedThat hit your target (1.4705), on the nose. When it went to 1.4710 it hit your target. Just my opinion.Ignored
DislikedNot quite sure what you mean by this. If you could elaborate?
My broker price had to hit 1.4700(which is 1.4700/03) to execute, but it hit 1.4705/08Ignored
DislikedTake this 2 Day BEOB. I have a target of 1.4600. The 1.4600 is a PPZone. It is not defined as a pin point level of 1.4600. It is more like 1.4600ish level.
So if Price comes within +/-15 or +/-20 pips of this area/zone.
I consider it as . . .target hit.Ignored
Dislikeduhhh. Yea i know what you're saying, my second target is 1.4625 because of the 1.46 zone.
I can't keep my eyes on the charts all the time, so the reason i set 1.4700 is because i wanted 1.4790 to be my stop on second half, which would've netted a breakeven trade because my entry was 1.4645.
I set all my trades the same way for the times when i can't watch the market, so i don't like to change that.
Thanks for your feedback thoIgnored