It's break the trendline. it will wait to entry when the Andrew entry trading system rule appear
I really wanna "Long Eur/JPY" but i need to follow Andrew trading rules.
Maybe I just cannot read your charts correctly but to my mind all the setups are totally wrong. Short orders should be under bullish candles and long orders above bearish ones.
I attach my GU trade that triggered today.
Maybe I just cannot read your charts correctly but to my mind all the setups are totally wrong. Short orders should be under bullish candles and long orders above bearish ones.
I attach my GU trade that triggered today.
Ignored
I dont get your point Indrek... can u clarify it?.. I think i picked the bullish candle for short and bearish candle for long.
Maybe I just cannot read your charts correctly but to my mind all the setups are totally wrong. Short orders should be under bullish candles and long orders above bearish ones.
I attach my GU trade that triggered today.
Ignored
Men we have different charts... but on ur chart u took the extremum high, i want to know y did u not pick the second long wicked bearish RED CIRCLED candle after 1st one??
Men we have different charts... but on ur chart u took the extremum high, i want to know y did u not pick the second long wicked bearish RED CIRCLED candle after 1st one??
forgot to attach u chart... see please
Ignored
Because the system works this way. I have tested moving pending orders to next possible candles but it is too dangerous. The best is to use the extremum as described by Andrew.
Because the system works this way. I have tested moving pending orders to next possible candles but it is too dangerous. The best is to use the extremum as described by Andrew.
Ignored
These words are from 1st post of the thread. Where Andrew described the method. Can u clear me this thing.
(That is one should wait untill the price has exceeded the point of extremum, and only then sell. However, if the price fails to exceed the level of the point of extremum, one should wait. After the formation of a new point of the market extremum, the order should be shifted to that point.)
What i m following is... when after making bearish candle in bullish trend look to buy bearish candles high and if price fails to break its high and form another bearish candle then move entry to 2nd bearish candle high.
You are right i m also having some aggresive price action and drawdown while taking these type of entries. I am new to follow this method and there is no one who can guide newbies for this method. Even andrew dont visits his thread daily.
On chart i marked 2 candles with arrows.According to you and rules, shld i take the short entry at green arrow marked candle not white?
