DislikedrR = 25pips using H1 breakout strategy. Also, my previous H4 candle break above 365ema & weekly resistance @ 82.66.
Let's wait & see the result.Ignored
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DislikedrR = 25pips using H1 breakout strategy. Also, my previous H4 candle break above 365ema & weekly resistance @ 82.66.
Let's wait & see the result.Ignored
Dislikedgoing short eurusd (after having missed a long trade yesterday)
price has gone through 89sma and 21/8ema strongly after bounce off 1,3755 support. it has then recovered near 21ema and bounced off this ma. if short momentum persists it could go near daily 89sma.
sl at 4h 89sma = 70 pips. 1/2tp=atr21=52pips, tp=104pips
(entered 45min before candle close)Ignored
DislikedAshes,
Could you explain how you arrived at this figure ("1/2tp=atr21=52pips") I do not see the ATR indicator anywhere in your chart. Missing something, apparently.
Thank you
Ignored
DislikedOpportunity of using early H1 box breakout strategy for both pairs. However, UJ might be a little slow today because of Japan's bank holiday. So, pay more attention to UCHF atm.
Comments/questions are most welcome.Ignored
Dislikedgoing short eurusd (after having missed a long trade yesterday)
price has gone through 89sma and 21/8ema strongly after bounce off 1,3755 support. it has then recovered near 21ema and bounced off this ma. if short momentum persists it could go near daily 89sma.
sl at 4h 89sma = 70 pips. 1/2tp=atr21=52pips, tp=104pips
(entered 45min before candle close)
edit:
price missed 1/2tp for 2 pips, setting trade sl=beIgnored
DislikedHi Phillip and everyone,
I have a question regarding timeframe confict. If you see a signal on 4H but on daily the price is near significant MAs such as 21, 89, 200, will you take it? Do we have to care about daily chart if we are trading the 4H system?
Thank you.Ignored
DislikedHi guys!
I love this thread, has good stuff in it and no much posting around - so nice to follow
Here are my three trades [I marked all signal candles with grey vertical lines]:
first USDCAD
I marked two trades on it. First with green triangle - it is a signal candle for short, as MACD after correction started to fall again.
But after foru hours I closed that short and went long, as MACD go up again creating divergence [higher bottoms on MACD vs. equal bottoms on chart]. this second trade also goes in pair with support [you can see it on a...Ignored
DislikedI am new in this particular thread, but I see it this way. Whatever you trade, you would rather have a lot of S/R fibs & pivots right between your entry and SL. Trading 4H doesn't mean price will not react to daily chart, it will, therefore you take extra care if decided to enter the trade.
However sometimes I set my partial TP at the important level from other TF [daily or weekly] and set myself at BE, as soon as the level is reached.
thirdly if you can see S/R on daily how come can you not to see it on 4H?Ignored