Hello people, this is my first post here, I've been religiously following this thread & BIG E for 2 weeks now and I thought I'll put up a trade I just took and notes on why i took it.
Reasons for taking trade:
1) Ticks all BIG E boxes, crossed 50 line (a sign of strength in direction)
2) Broke range
3) Trend continuation
Reasons for quick exit:
1) Its Friday, London just about to close, need a pint of Guinness - why get greedy?
2) rapid downward candle movement, possible pin bar reversal, which it looks like its become. Exited at peak of drop. +35 pips
p.s. I only take 30min trades if the (1) green TDI line crosses 50 line or looks like it will (2) price must be on the other side of 5ma
Otherwise I generally trade 1hr & 4 Hr exactly as Eelfranz recommends. Demo at the moment, waiting to hit 4 weeks of successful trading before I move back on to my live account. This is my 1st : )
BTW, thanks for a great system eelfranz, YOU HAVE GIVEN ME HOPE!
Reasons for taking trade:
1) Ticks all BIG E boxes, crossed 50 line (a sign of strength in direction)
2) Broke range
3) Trend continuation
Reasons for quick exit:
1) Its Friday, London just about to close, need a pint of Guinness - why get greedy?
2) rapid downward candle movement, possible pin bar reversal, which it looks like its become. Exited at peak of drop. +35 pips
p.s. I only take 30min trades if the (1) green TDI line crosses 50 line or looks like it will (2) price must be on the other side of 5ma
Otherwise I generally trade 1hr & 4 Hr exactly as Eelfranz recommends. Demo at the moment, waiting to hit 4 weeks of successful trading before I move back on to my live account. This is my 1st : )
BTW, thanks for a great system eelfranz, YOU HAVE GIVEN ME HOPE!