Went short for 3 tap 4H on EUR/GBP after bearish engulf on 15M. was this a right decision? I am really new at this. Sorry could not post chart at work.
I'm entering this trade at close of this M15 candle and if next M15 candle remains green.
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HI LG, Just to ask you the second candle is already fully close outside the resistance. what make you wait for the next candle ? mean to say that the third candle is green you will enter immediately ?
Thanks for the help. My Platform must calculate RSI differently... Probably not a good thing. Bleh.
Thought I had found a good ECN broker but apparently the charting is no good?
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Sometimes a platform has two RSI indicators. One on the "Indicators" on the Navigator bar and one on the "Custom Indicators" tab on the Navigator bar. Make sure you use the regular "Indicator".
Went short for 3 tap 4H on EUR/GBP after bearish engulf on 15M. was this a right decision? I am really new at this. Sorry could not post chart at work.
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Bearish englfing candles on the M15 chart have nothing to do with the 3 Tap trade. That said, this is looking like a good trade so far, although it is better to have more confirmation of the RSI directions.
Consolidating and about to break out to the up side i think!
D1, H4, H1 all have the RSI pointing up but the weekly is down, but this is OK for a breakout trade right???????
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Excellent spotting, Strick. It is impossible to monitor all pairs for all set ups, so please continue to post what you find. I love this kind of trade. I have a bias to the short side however. We shouldn't care on which side it breaks, just go where ever it goes.
HI LG, Just to ask you the second candle is already fully close outside the resistance. what make you wait for the next candle ? mean to say that the third candle is green you will enter immediately ?
Thank you
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Just caution. May lose pips that way, but the market has not really settled down since before the holidays and caution never hurts.
Excellent spotting, Strick. It is impossible to monitor all pairs for all set ups, so please continue to post what you find. I love this kind of trade. I have a bias to the short side however. We shouldn't care on which side it breaks, just go where ever it goes.
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Oh really? I thought we would only follow direction of D1 & H4 for BO trades and for 3 tap follow W1, D1 & H4
The other one i just found is USDJPY, another H1 4B BO trade and cause the D1 and H4 are faceing up i was waiting to long but it is at an all time low so...
Trade What You See - Almost Naked Trading
