Candle is too weak. Has been flip flopping between long ans short. I would wait for candle close. You may find that you don't want to enter the trade anyways by then.
- #404
- Apr 28, 2011 5:49am Apr 28, 2011 5:49am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader
- #406
- Apr 28, 2011 6:25am Apr 28, 2011 6:25am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #407
- Edited 6:36am Apr 28, 2011 6:33am | Edited 6:36am
I will have many other questions as I go but my first is this....Is this a correct setup?? WOuld I enter this immediately??
ALso....I havent had the chance to read ALL the posts, so has someone written out a step by step guide?? as in combined all the information so entry and exits can be mechanised.....I find the less thought that has to go into your entry the less mistakes can be made.
Thank you again to everybody.....especially the ones bored enough to get to the bottom of my rant
also if you have a look at the last retracement you can see it just went side ways for a while then continued in the very strong bullish trend. so unless there's some major resistance around that area i would stay out, there are many better setups to be had.
cheers
Hi!
I have been reading this thread and others on FF for a while and thought it was time to register myself and thank the people who turn my losers into winners!
This system looks very interesting and I might give it a try on the higher TF. I am more a M15 TF trader, but might try this on the side to put in a small trade before the end of the day.
Will update here with actual trades taken if I get the chance!
Thanks again!
PS: @ Dean;
I would have personally waited for the Stochastics to cross down passed the 70 line.
Also it would be a trade against the trend.
As a beginner I would advice to only trade with the trend, use this system to get in on the right time.
So if the Trend is up, look for an entry position to go LONG.
If the Trend is down, look for an entry position for SHORT.
Remember: The Trend is your friend!
- Niels.
I have been reading this thread and others on FF for a while and thought it was time to register myself and thank the people who turn my losers into winners!
This system looks very interesting and I might give it a try on the higher TF. I am more a M15 TF trader, but might try this on the side to put in a small trade before the end of the day.
Will update here with actual trades taken if I get the chance!
Thanks again!
PS: @ Dean;
I would have personally waited for the Stochastics to cross down passed the 70 line.
Also it would be a trade against the trend.
As a beginner I would advice to only trade with the trend, use this system to get in on the right time.
So if the Trend is up, look for an entry position to go LONG.
If the Trend is down, look for an entry position for SHORT.
Remember: The Trend is your friend!
- Niels.
- #414
- Apr 28, 2011 7:17am Apr 28, 2011 7:17am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader
