WBM - I prefer to trade the 68 down....
- #7,745
- Jul 11, 2011 6:34pm Jul 11, 2011 6:34pm
- Joined Jan 2010 | Status: Primary Technical Trader | 8,592 Posts
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DislikedDcginc - Thanks for posting the losing trade.
I would not have taken the trade for one simple reason....
1) Poor angle of the green line as it crosses the red line.
2. We want a 12-2 or 4-6 angle only....Ignored
DislikedHello All,
I found this thread about a week ago and have been taking notes, screenshots, etc... I just started demo trading and wanted an opinion on a EUR/USD entry. To me in the 4hr chart below, this looks like a good long entry IF the green crosses at a 2 o'clock angle... But if I go to the daily chart, I'm less sure about the trade as it seems to still be in a downtrend...
Thanks in advance....Ignored
DislikedI do have two current hourly trades open, both long, AUDNZD & USDJPYIgnored
DislikedYes. You are abosolutely correct.
There are some other reasons that apply to my own rules set as well.Ignored
DislikedI'm new too, still learning myself... but if it crossed it would be something I would certainly look at... At this point it looks to early to tell. I have both FXDD & ONDA up and ONDA looks like its moving away from a possible cross and FXDD hard to tell what will happen yet... Either way it does appear to be entering a 'flat' area which could mean bounce or reversal from how I understand it... I would really want to see what happens at the next candle... worth watching in my opinion... again... I'm new lol
I do have two current hourly trades...Ignored
DislikedDcginc - Thanks for posting the losing trade.
I would not have taken the trade for one simple reason....
1) Poor angle of the green line as it crosses the red line.
2. We want a 12-2 or 4-6 angle only....Ignored
DislikedHello All,
I found this thread about a week ago and have been taking notes, screenshots, etc... I just started demo trading and wanted an opinion on a EUR/USD entry. To me in the 4hr chart below, this looks like a good long entry IF the green crosses at a 2 o'clock angle... But if I go to the daily chart, I'm less sure about the trade as it seems to still be in a downtrend...
Thanks in advance....Ignored
DislikedIt's not quite time for trading the 4 hour london market, but it looks like the EUR/AUD 4H Long is setup to be a winner. TDI green cross at 32 and stoc moving on up.
For those experts out there, do you agree?Ignored
DislikedWell done.... I'm staying in N/U trade as I took set up from daily chart..hope it's got a bit left in it....still haven't worked out how to post charts sorry.Ignored
DislikedIt's not quite time for trading the 4 hour london market, but it looks like the EUR/AUD 4H Long is setup to be a winner. TDI green cross at 32 and stoc moving on up.
For those experts out there, do you agree?Ignored
DislikedWell done.... I'm staying in N/U trade as I took set up from daily chart..hope it's got a bit left in it....still haven't worked out how to post charts sorry.Ignored