Short on EURUSD
pin with divergence coming off the 1.5 round number got me into this trade
oh well...
next!
Tom
pin with divergence coming off the 1.5 round number got me into this trade
oh well...
next!
Tom
Attached Image
James16+Rayanmcd(Jan kone) and ME 7 replies
DislikedShort on EURUSD
pin with divergence coming off the 1.5 round number got me into this trade
oh well...
next!
TomIgnored
DislikedI read, you miss the point about strategy.
I think i explain rules. once again -There are 2 easy rules - pinbar with trend or pinbar+ div against main...Ignored
Dislikedi did not make a comment based on 'after the facts'/hindsight.
review that chart:
1. PB, smaller than previous bar = real time
2. PB is touching lower BB ('Walking The Bands') = real time
3. trend is down = real time
4. RSI is making lower lows, as it should in a downmove = real time
now, ask yourself, with all these infos, is it a buy, sell or no trade? do i trend-trade or countertrend-trade?
if u are familiar with BB &/or this method overall, & u apply it correctly & consistently, u can & will make good judgement calls, in real time. trust me....Ignored
DislikedShort on EURUSD
pin with divergence coming off the 1.5 round number got me into this trade
oh well...
next!
TomIgnored
Dislikedthis is tough. i was watching it too, but something didn't feel A+ to me(maybe it didn't touch the BB, or price div not good enough).
i took the next one for +14. i have a feeling there are other ppl took it too.Ignored
Dislikedthis is tough. i was watching it too, but something didn't feel A+ to me(maybe it didn't touch the BB, or price div not good enough).
i took the next one for +14. i have a feeling there are other ppl took it too.Ignored
DislikedWow, great explanation. thank you very much Jankone for taking time to repet , again, the rules. Sorry if that was repeted many times. Maybe you could just reedit your first post, on page no. 1, adding this very clear explanation and people who would come for the first time on this thread would not be confused like i was
Anyway, i appreciate very much your patience your great giving.
Best wishes to all nice people here!Ignored
DislikedI LOOOOVE this RSI(6) for divergence readings..... today
......
the third picture is the SAME EURJPY trade as above, except on the 5 minute chart. If I didn't take a nap, I think the divergence you see on the 5min would have been an excellent close on the trade for me (maybe even a good place to go long!)....Ignored
Dislikedvery nice trades, Dan Gilbert
just keep in mind that u traded small PBs ('small crappy pin bars'), they sometimes do not work. the key here is that u had momentum on your side in these trades. ideally, u want good-sized PB's.
& btw, yes, it was a good place to go long.
as for targets, next time u can try placing 2 (or more) positions to take advantage of possible extended moves beyond your target. u can also use mid-BB, upper/lower BB, MAs, S/R & PPZs as targets. if unfamiliar, learn about PPZs here.
Keep...Ignored
DislikedHello..
what timeframe is this on? just be aware that TL's on smaller TF's can easily be broken &/or reentered by price, sometimes even several times.
so aside from TL's, alternatively u can use those that i've mentioned above (my post prior yours).
Welcome & enjoy!Ignored
DislikedI LOOOOVE this RSI(6) for divergence readings..... today:
the first picture is a USDCAD trade I made on the 1hr chart....Ignored