loonie nearly triggering
Trading is this Simple? Finally Explained simple and clearly! 46 replies
My way of trading by Using trend line , BL line & febo level 76 replies
Simple Horizontal Line Trading H1 87 replies
DislikedI just thought I'd throw my 2 cents into why I did not take this trade.
1. The buy stop was under the 50ema, so I was expecting a bounce down at that point.
2. I could take a buy stop 3 pips plus the spread above the 50 ema, but at that point I would be 27 pips above the balance line ...too far away for me.
3. Additionally, it is coming to that time of day when things seem to quiet down and go sideways.
4.There is also some consolidated resistance that would be needed to overcome.
5.Lastly, I took the EURGBP buy on the 1 hour chart...Ignored
DislikedThe close of the long candle was your signal Nawlins. You take into account other factors that might hinder entry - resistance is a great hinderance!
So, if it is close enough to the top or bottom of your candle, set your stop above or below that support / resistance (spread plus or minus 3 pips).
Treat the support / resistance as the new high/low of the candle, for entry purposes.
Make sense?Ignored
DislikedHello. My 1st post on this thread.
Looking at GU/US 1H.
1.) would you guys say that current price situation is heading into range ? If yes then NO setting Long trade.
2.) I am a little confused about the ma50 ... I understand it's function but not sure in it's best application in lieu with the rules. (Not part of orig. posted rules in introductory post... unless I missed it).
If we disregard the "price ranging" (or at least the beginning of it) would you wait with setting Buy Stop until the current candle closes above the ma50?
Note that...Ignored
DislikedNeed more confirmation from the 50ema. Here is my screenshot and you can see the 50 ema white line. Go back to page 89 and see what happened to me with the Eur/Jpy. I eventually won that trade but you will see the comments about what I did and what happened. The 50ema is in place for headfakes.Ignored
DislikedAfternoon guys, interesting one this,
breaks past balance, breaks 50ma all be it on same candle for now, if it breaks daily pivot, could see a nice run up, but still a strong down trend at present, this to me is where patience comes in
respect
TomIgnored
DislikedThanks Titch. Trying to learn as much as I can from you,colo and the rest of the posters in this thread. Got a good group of people in this thread.Ignored
DislikedThanks
It is quite taxing some times as we seem to be juggling balls at the moment. I seem to be trying to keep my eyes on about ten things at the moment as does colo.
Its great for colo and I when other people get involved as well because we are not always on here to help the new traders as colo is working and I have been in and out of hospitals and doctors at the moment. We are getting there though!
Thanks to everyone who is helping make this happen for everyone.Ignored
DislikedI just thought I'd throw my 2 cents into why I did not take this trade.
1. The buy stop was under the 50ema, so I was expecting a bounce down at that point.
2. I could take a buy stop 3 pips plus the spread above the 50 ema, but at that point I would be 27 pips above the balance line ...too far away for me.
3. Additionally, it is coming to that time of day when things seem to quiet down and go sideways.
4.There is also some consolidated resistance that would be needed to overcome.
5.Lastly, I took the EURGBP buy on the...Ignored
DislikedI hope everything is ok for you and the family. Wish you the best,Ignored
DislikedThanks for helping paul56 with this!
Neither colo or I were online. This shows that the community we are trying to build is working.
ThanksIgnored
DislikedThanks
Things are great as I have just had the all clear from the spine specialist to say my spine seems to have healed fine. Now no need for an op! If I could do a cart wheel I would!Ignored
DislikedGlad to contribute. It helps me as well, because to make a good reply, I have to think through my reasoning logically. This is good practice for when I take a trade, so I don't just enter on a "gut" feeling.Ignored
DislikedTitch,
To survive such an accident without any neurological deficit is a miracle in itself. You have a lot to be happy about!
KurtIgnored
DislikedHi Terry
I would wait a bit just to make sure it does not bounce off of th 50 and go in to a reversal.
Just my opinionIgnored