I took exactly the same trade lucky to have gotten out at BE. 100% system as your charts show.
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Curious, what made you go to BE so quick on that one? I considered it, but since it was only a few pips in profit after spread I felt it needed a bit more room to breathe and I also thought there was a decent chance here that our previous bar lows just under 2125 could hold it if it came back up. I don't mind taking the small loss here due to these factors, but would be interested to hear why you decided to go to BE so early, or rather exited the first time price came back on you.
Took the same trade also and out -6. But better things to come, I am sure.
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Took the same trade aswell! -3pips then entered again and got out near the RN for +16pips.
Thanks for the charts V I have questions but I will wait till the quiter part of the day.
Curious, what made you go to BE so quick on that one? I considered it, but since it was only a few pips in profit after spread I felt it needed a bit more room to breathe and I also thought there was a decent chance here that our previous bar lows just under 2125 could hold it if it came back up. I don't mind taking the small loss here due to these factors, but would be interested to hear why you decided to go to BE so early, or rather exited the first time price came back on you.
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I went to -10 very quickly, came back to BE and - again, it looked like 20 level would hold, then a weak break to 15 level and bounce. 15 min closed with a doji on good vol so I thought that was a problem coming.
Just again goes to show give 100% system trades a little faith.
Took the same trade aswell! -3pips then entered again and got out near the RN for +16pips.
Thanks for the charts V I have questions but I will wait till the quiter part of the day.
shorted EJ on 6:45 GMT too (109.9) - a bit of resistance now
same style of res. on GU - trend channel line
are we making a hl at the Wpivot and above DS1?
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Thought I would point out that shorting EJ at 6:45 would not have been a 100% system trade, though I'm sure you know that. Figured I would mention it for the newer traders, however. There was a decent bullish close (though under 110.00, which is good) on the 15min so it was slightly riskier, but once that broke lower you were in good shape. Nice job.
Second trade today out at BE. Knew that we had some nearby trouble areas so was going to move to BE on first failure. This is unusual for me as I usually allow price to come back at least once but I thought a bounce from here at least to 75 was a possibility. Unless we broke through on momentum the first time I was willing to stand aside and let things play out.
Thought I would point out that shorting EJ at 6:45 would not have been a 100% system trade, though I'm sure you know that. Figured I would mention it for the newer traders, however. There was a decent bullish close (though under 110.00, which is good) on the 15min so it was slightly riskier, but once that broke lower you were in good shape. Nice job.
OK this is my take but there are much better guys out there than me. Some proviso's. I am prepared to be dragged around by the nose from 1 hr chart ie I'll follow (100% system trades) until we get a hl/lh at what seems like a good turn place then we'll look to change direction. I don't know where the markets going (and I don't really care).
I start on daily which is showing a shooting star IF it goes lower 4973 is as likely a target as any. D shows R at 5220 and S at 5100 in addition to the red lines ie theres lots of places for turns and I don't...
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I have one question I think I already know the answer to from previos posts but want to check with you if you have a 100% system trade but its really close to a strong turning point will you take it if you don't have enough room to get your stop to BE if it fails or will you only take it if you have enough room to get stops to BE?
Took the same trade aswell! -3pips then entered again and got out near the RN for +16pips.
Thanks for the charts V I have questions but I will wait till the quiter part of the day.
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I got mixed up with trades I did take the same trade but got +16pips on it I also took one 6 bars earlier right on Frankfurt open that I got -3pips on.
I got mixed up with trades I did take the same trade but got +16pips on it I also took one 6 bars earlier right on Frankfurt open that I got -3pips on.
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We have had lots of connection problems and didn't get any FF emails to say there were posts, wierd.
Took this 100% system trade fairly quickly hit stop -11.
