8260 region seems to be holding up, and we have pin bar off it on the 4H.
I believe . . .
Why "forex" and not "futures" ? 1 reply
Have no idea how I missed this.
I have got to organize my time more efficiently.
I hope you don't mind it when I ask a question. Can you tell me why the IB set up was no entry?Ignored
Your method caught my attention because I am using those EMAs (well 20 instead of 21) in a similar fashion, but on longer TFs only mainly Daily.
I saw your H4 EURGBP trade, how about this one? It looks to me like a possible continuation setup. TL break + retest.
DislikedTalk about why trading is such a personal thingy...
Great job ghous, please keep it updated.Ignored
Thanks for stopping by,
If you read through the requirements for entry type 3 you'll see I've stated that a close below the 21 EMA is imperative, unless the trigger bar is an exceptional one and there are other things going with the trade.
I like IBs when they take up that cute little doji formation (look at the Eu setup I am talking about for example) and the bar you highlighted is more just an IB by definition to me it looks like a small bearish bar that closed a little higher.
Thing is even if we did have the shape of the IB perfect...Ignored
Dislikedthx for the answer. This seperates a good trader from someone like meIgnored
The more I look over this, the more it seems to fit with me, I love it. I read lots of different things here on Forex Factory and get lots of great help, but your system seems to ring home the most.
I have always struggled with getting in trends unless the set-up is beyond obvious and those occur very infrequently. I believe this will help me pull the trigger more often, and still keep nearly the same win rate and with the stop loss movement, get a better R:R.
Thank you for this, and please keep us up to date!
Why did you take the second BUOB as opposed to the first BUOB/DBLHC? Looking at this in hindsight of I would of probably taken the first setup so
I want to know your thought process, in order to prevent me from taking what would have been a losing trade.
Thanks for sharing your journal for all of us to learn and prosper from your method.Ignored