I dont understand what I missed on this trade Gu I thought as a buy and this happened I closed out when it went past the low
Etry was at the open after the blue candle which became red
Etry was at the open after the blue candle which became red
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DislikedX-Man,
Here in London it's just past 7am, the market opens in under an hour.
Where should my first line be? Should I have the candle forming on the line now, should it be the next candle or the one that closed 10 mins ago?
Many thanks.Ignored
DislikedThanx for the info.
Could you or anyone explain to me what happens to PA generally when interest rates are cut or increased?
Ignored
DislikedThats how you 4H chart should look. simple
Some months i make more with 1H than the 4H .
Last month i made more on my swing trades because it was all trending so nice and other months the pairs wont trend at all. when i dont see nice trends i stick to the 1H.
for a pair to start trending take a very long time.
Thats why im back testing 1H G/U so we can jack up our pips per month to over 1000 pips,we will reach new highs to maybe 2000 pips a month.
Ignored
DislikedThe vertical line should be on the 1 that closed 10 min ago.
thats where i place it , other traders place the line on the current candle.
Guys i did not enter a trade yet as i am waiting for the current candle to close to make a decisionIgnored
DislikedBefore the news I saw the following:
"Market reaction to previous RBA rate decision
At its November 1st policy meeting, the RBA board decided to cut interest rates by 25 basis points to 4.5%. The RBA cited moderate economic expansion in the United States, slowing growth in China and a slowdown in economic activity in Europe. The RBA also made noted that falling commodity prices would affect the mining regions of the country. The RBA felt it was best to switch to a neutral stance of monetary policy from a restrictive stance in order to achieve...Ignored
DislikedHi X-Man..
on the attached picture, I'm sure the TDI was cross on vertical line,. because one hour before, the TDI has not form a cross yet.
The channel on H4 also going up
and the red candle before blue candle (on vertical line) showed long leg.
So this should be perfect situation to buy, didn't it? Although one hour later (a candle in front of vertical red line) price going down?
http://img713.imageshack.us/img713/5392/uph1.gifIgnored
DislikedI dont understand what I missed on this trade Gu I thought as a buy and this happened I closed out when it went past the low
Etry was at the open after the blue candle which became redIgnored
DislikedYes there was a cross going up but i usually almost always wait for the candle after the vertical line to form to make a decision.
Thats the way i traded yesterday as well.
Ignored
DislikedI dont understand what I missed on this trade Gu I thought as a buy and this happened I closed out when it went past the low
Etry was at the open after the blue candle which became redIgnored
DislikedX-Man,
I have a question about the swing method.
In post 15 you showed us the 4H swing trade method and the post 16 you showed us the prefered swing trade. Please tell me which of these two is the one you use when you normally talk to are using the swing method?
Thanks.Ignored
DislikedSo can I sum up this as : Suppose one candle after vertical line is blue candle and exceed previous candle's high, we can use it to enter Long, isn't it?
And one more thing I need to confirm with you, when you see TDI make a cross, you always wait the candle to close before making any decision, right? as when the candle close, a TDI that previously seems to cross could change not to cross again?
Thanks againIgnored