There can be another opportunity.
Edit: 15m chart.
Edit: 15m chart.
DislikedVery nice Phx62. Thanks for posting the chart!
At the moment I'm just backtesting and watching the PA on the M15. Because M15 will have more noise does using stochs give more confirmation and security in a sense?Ignored
DislikedThose who are struggling with trading I would suggest for the time being, forget about the target in terms of pips whether 100 or 1,000. Just concentrate on identifying the setup with high probability. If a trader learn how to identify a good setup pips will eventually follow. Pips are nothing but the end result of good setup. At this level, targeting pips is just like putting a cart before the horse – lol
Disliked, Analyze the candle formation and then write down the certain formations that happen over .
X-man what do you mean by this. I may not be backtesting correctly. What i do is look at candles and see if the tdi cross agrees. So if there is a pin bar and a cross. I will say that i took the signal. But my mind may play tricks on me since some of the stups happen during the franky open and i may be tricking myself in backtesting for sure. I will post a chart later on about what i mean.
DislikedX-man this is what i mean with this chart for instance,
So the up arrows on the chart are the candles I see form completely and then enter or if it breaks a low or high (this i found kills moe over candle closes)
The down arrows are basically how I do my back test. Feel free to say..."what on earth are you doing"
Hindsight I look at the down arrow areas ( there are two of these and go...wow what a perfect signal) I may be failing to take into account what i need to be aware of in back testing. So many time I go enter when I see a candle close...Ignored
DislikedFrom what i see your entries are wrong and late.
Ok let me compile that PDF of the candles you look out for and then when you back test you look for those setups. I think that will help you a lot more.
DislikedOn the M15, stochs give an additional confirmation that the TDI cross is going to stay crossed, especially if the stoch is coming out of an overbought or oversold area. For more info on this look at the last 2 threads started by Eelfranz.Ignored
DislikedExperts , got stupid Q that bothers me.
Well, everytime I compare currencies E/U, G/U, it moves pretty much on the same pattern. As to USD/CHF, it should be the other way around.
My concern, I know it seems stupid to think about this, but sometimes I can't put myself to place a position when I know E/U is going up, but G/U is going down. There seems to be a contradiction when it is suppose to 'tag' together.
Do you think I should ignore this and just follow what the chart / indicator say?Ignored
DislikedNice little counter trend trade setting up on the 15 min TF. Green RSI has crossed red Trade Signal line and the 50 to the upside, PA has broken 1.3000 RN and is above the 4 ma with room to run to about the 1.3025, 1.3030 short term resistance.Ignored