would this be a 100% system trade too? It went through the 75 psych level.
picture 2 sums up my question:
Are you taking both trades if 100% system trades?
Although it would be more likely for the short to be a "LH reversal at extreme" trade as we would be on the wrong side of the H1 8lwma.
cheers and thanks
Thomas
Ignored
The short is a lh at extreme so thats fine. The buy isn't at an extreme and is against higher time frames so not a buy.
With that buy you toss a coin and decide if you feel the overall strength in the market is coming back, some you'll win some you'll lose and you'll never be sure quite why. Mrs V does love those end of run moves that come back to a psych level 75/25.
How would you've entered today in this "7-9GMT 1min LH reversal" trade?
I've marked some setup candles. The problem is, that they all close with a shave bottom and the next candle does not retrace the setup candle (except case 3 - which is 30 pips from the top).
Do you enter at the market?
Cheers
Thomas
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Hi Thomas
If you can get the top entry great. If that is missed personally I'd be then waiting for 5 min to line up as well. I'm not good enough to trade every 1 min swing. That didn't end nicely for me.
Had this post news lh on ej, 100% system 1 hr down 15 min down. Pressed the button to exit at +19 and it jumped up on me (2 pip std dev on exit couldn't catch it). Out at BE.
There was a lh sell a few candles back which I missed for some reason.
Had this post news lh on ej, 100% system 1 hr down 15 min down. Pressed the button to exit at +19 and it jumped up on me (2 pip std dev on exit couldn't catch it). Out at BE.
There was a lh sell a few candles back which I missed for some reason.
EJ
Did you mean the one at MR1 and yesterdays high?
What is your target for EJ and GU?
Cheers
Ignored
I don't focus on ej targets as I do for GU. GU target was 125 pips from high and low of the recent range. This has been hit and it will be interesting to see if we can fall below next week.
Hi Vantage I need some help! I can't seem to pull the triger the last two days and I think its down to me not being confident enough in my 5min price action reading because I am never sure how much of a pull back I need to give it before I enter. In the example below is a trade I missed purely because I wasn't sure if it had pulled back enough. Could you enter below the left arrow even though it is a bullish candle once the low is broken hasn't it shown the price has atempted to go up and failed and if that one isn't a entry for you is the 2nd arrow? I know this is pretty simple stuff and I have done lots of trades like this one before I just sometimes get myself realy confused especially when I am tired towards the end of the week and keep questioning a trade to the point I miss the entry!!
perfect trade setup PA wise, there were trapped longs, because the second arrow candle triggered the buys above the IB and turned back south. The stops of the longs were either below the IB or below the mother candle (which also closed! below the earlier low at 1.5155).
Hi Vantage I need some help! I can't seem to pull the triger the last two days and I think its down to me not being confident enough in my 5min price action reading because I am never sure how much of a pull back I need to give it before I enter. In the example below is a trade I missed purely because I wasn't sure if it had pulled back enough. Could you enter below the left arrow even though it is a bullish candle once the low is broken hasn't it shown the price has atempted to go up and failed and if that one isn't a entry for you is the 2nd arrow?...
Hi Vantage I need some help! I can't seem to pull the triger the last two days and I think its down to me not being confident enough in my 5min price action reading because I am never sure how much of a pull back I need to give it before I enter. In the example below is a trade I missed purely because I wasn't sure if it had pulled back enough. Could you enter below the left arrow even though it is a bullish candle once the low is broken hasn't it shown the price has atempted to go up and failed and if that one isn't a entry for you is the 2nd arrow?...
Ignored
Hi Luke
Thats a perfect set up. 1hr down, 15 min down, perfect lh, the set up candle has little / no lower wick.
I wouldn't enter on your left arrow just because price went below the bullish green candle, its the right arrow that closes at the low and then confirms when the next candle opens and goes 1 pip below the extreme.
Cheers. Good luck next week.
Hi Vantage I need some help! I can't seem to pull the triger the last two days and I think its down to me not being confident enough in my 5min price action reading questioning a trade to the point I miss the entry!!
Thanks in advance Luke.
Ignored
A good 1hr set up candle. A good 15 min candle. Both give a good potential set up for a short term move. A 5 min nice hl/lh that has virtually no wick (in direction of move) with the set up from 1hr and 15 min gives a high prob trade. The move is set from higher time frames the lh/hl shakes out the resistance to give you chance of win.
Take some time to check out some charts, that should confirm to you that the odds are in your favour.
In fact the charts Thomas has posted (a couple back) give a very good representation of the odds in this system.
Joined Aug 2009
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Status: PA has worked for Centuries
|809 Posts
Hi Vantage and everyone that posts here.
I just wanted to say a very heartfelt thankyou for this thread. I know there are many price action threads here on FF and other forums but none are as simple and as easy (for me) to understand as Vantages entry IMHO.
Great work guys and to all those readers that haven't posted here yet, get posting and SAY HELLO!
Hi Vantage and Thomas cheers for the help I see these setups all the time just needed to make sure I am seeing what you guys are seeing. Some days I don't even question trades and somedays I just get a mental block and just question everything I see. A good nights sleep helped clear my head though and am ready for monday if its 100% system theres no way I'm not doing it!
Hi Vantage and Thomas cheers for the help I see these setups all the time just needed to make sure I am seeing what you guys are seeing. Some days I don't even question trades and somedays I just get a mental block and just question everything I see. A good nights sleep helped clear my head though and am ready for monday if its 100% system theres no way I'm not doing it!
