hi, divergence,
thanks soooo much.
I got a question:
when will you move your sl to BE?
for example:
enter long at: 1.3000
sl: 1.2980
tp: 1.3020.
Will you move the sl to be when price hits 1.3005? or when price hits 1.3015?
About the Stop Loss, for example,if we are short, do you add any pip to the last high or the Stop Loss it's the same high price? and as we are short, do you add the spread to the stop?
A quick somewhat 'hypothetical' question. I attached a deliberately partial chart to make a point.
What will be the conditions you will be selling that point short?
or maybe you would avoid entering at all?
A quick somewhat 'hypothetical' question. I attached a deliberately partial chart to make a point.
What will be the conditions you will be selling that point short?
or maybe you would avoid entering at all?
Thanks,
fundemental
Ignored
On this method theres no flag so no trade. Trend down so you need some retrace up to form a flag for a sell later.
So, we should be waiting for a flag, with 45 degrees pullback line. Should there be a minimum of 2, 3 candles ?
fun
Ignored
Not an expert on flags but google flag patterns and you soon will be. I wouldn't get hung up on 45 deg per se and you'd be hard pressed to get (ie draw the trend lines) a flag with less than 3 candles.
hey guys let me answer a couple of question fundemental on that chart from what i see i would wait for pullback to short but i need the rest of chart to make sure we are in a down trend and not a counter trend. some one asked about stop and target, my stop is low of last dip from the trigger bar my entry is 1 pip above the trigger bar plus spread add it all together to find target and stop for lot size. Here is todays trade and maybe this will bring some light on the subject
hey guys let me answer a couple of question fundemental on that chart from what i see i would wait for pullback to short but i need the rest of chart to make sure we are in a down trend and not a counter trend. some one asked about stop and target, my stop is low of last dip from the trigger bar my entry is 1 pip above the trigger bar plus spread add it all together to find target and stop for lot size. Here is todays trade and maybe this will bring some light on the subject
Ignored
A little bit surprise. On post #7, sl also seems to be the whole flag range, because trigger bar happens to be equal to the retracement flag extreme. Post #26, sl is flag range. And #33, #36... are indicating flag range as sl.
on todays trade the triggerbar pulledback they closed above thats why i used the low of the bar it works like a 123 does by the way a 123 is setting up short on eurusd
In the chart, the arrow shows the initial trigger bar and the next 2 bars don't trigger the entry, so shouldn't we wait for CCI to go into the negative and come back before considering the next trigger bar? Also, can't we enter after the divergence had formed and the candle closed above the SMA? Another concern was the entry was a little more than 1 hour prior to the news release. Is it advisable to enter at such a time?
thats correct i usually dont but when i saw price come back to the falg line and bounce d into a commitment bar i thought it was good to go and besides i just realized that the original triger bar wasnt taken out so as long as the next bar is at or above the 10sma and cci still crossed that candle becomes next trigger bar and it was taken out i just missed it for some reason
