Uptrend + New higher high after consolidation + failure of the losing army = winning trade ??
Sl =10
Tp :Wait and see if I have to worry about.
Sl =10
Tp :Wait and see if I have to worry about.
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- #283
- Jan 20, 2012 2:04am Jan 20, 2012 2:04am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Uptrend + New higher high after consolidation + failure of the losing army = winning trade ??
Sl =10
Tp :Wait and see if I have to worry about.
Also your taking the momentum candles high in price not withing a pullback...
- #285
- Jan 20, 2012 2:19am Jan 20, 2012 2:19am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I am now short here...
Will watch price action as it develops...
Will watch price action as it develops...
- #286
- Jan 20, 2012 2:43am Jan 20, 2012 2:43am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
other trade I am in EURUSD
- #287
- Jan 20, 2012 2:45am Jan 20, 2012 2:45am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Closed halve of my short position in the eurusd...
Short position in the gbpusd I have brought stops down on it....
Short position in the gbpusd I have brought stops down on it....
- #290
- Jan 20, 2012 3:38am Jan 20, 2012 3:38am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
New short position ....stop at last swing high going to manage it ...
- #291
- Jan 20, 2012 3:42am Jan 20, 2012 3:42am
Damn i didn't finish my homeworks...
Here's how I've read the price action.
I've joined the buyers cause there was a failure of sellers (5 small candles and a large wick at the last one).
So I've joined buyers one pip above the higher high, and there was no wick at this very moment.The wick appeared after the closing candle..
To be sure that I understood, your advise is to wait for the closing of the higher high candle, and for the first pull back after this candle but not to wait if the higher high candle is a large one ?
So the only mistake I've done is that the first pull back was not after a previous higher high ?
I got it ?
Thanks again
Here's how I've read the price action.
I've joined the buyers cause there was a failure of sellers (5 small candles and a large wick at the last one).
So I've joined buyers one pip above the higher high, and there was no wick at this very moment.The wick appeared after the closing candle..
To be sure that I understood, your advise is to wait for the closing of the higher high candle, and for the first pull back after this candle but not to wait if the higher high candle is a large one ?
So the only mistake I've done is that the first pull back was not after a previous higher high ?
I got it ?
Thanks again
I dont come in at the close of the candle usually either ...you want price to break previous candles high to prove to you that the momentum that you just saw in the market are still there. If there is still bullish momentum they should be able to to continue the buying pressure by pushing pas previous candles highs.
Also if I ever consider just taking the close of the candle I would need to see a stronger buying candle one with almost no wick at the top showing me that sellers came back in the market.
- #292
- Jan 20, 2012 3:52am Jan 20, 2012 3:52am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Will be looking to unload my short position or atleast move of it at this point...
We might have tons of buyers again
We might have tons of buyers again
- #293
- Jan 20, 2012 4:03am Jan 20, 2012 4:03am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Damn i didn't finish my homeworks...
Here's how I've read the price action.
I've joined the buyers cause there was a failure of sellers (5 small candles and a large wick at the last one).
So I've joined buyers one pip above the higher high, and there was no wick at this very moment.The wick appeared after the closing candle..
To be sure that I understood, your advise is to wait for the closing of the higher high candle, and for the first pull back after this candle but not to wait if the higher high candle is a large one ?
So the only...
- #294
- Jan 20, 2012 4:15am Jan 20, 2012 4:15am
It seems so obvious now that it is finished. Thanks for your explanations!
One day, we ll be in the same direction!Well, I hope so...
One day, we ll be in the same direction!Well, I hope so...
- #299
- Jan 23, 2012 5:31am Jan 23, 2012 5:31am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
No spike on the top of the large green candle, so I bought it @1.2928.
Free trade from now and gap closed..
I am currently long in the gbpusd... took halve profits already .Did not snatch your trade though...you got the home run today
- #300
- Jan 23, 2012 5:52am Jan 23, 2012 5:52am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I am now reducing the risk as it seems either buyers are not interested in paying higher prices or the amount of sellers are very large enough to absorb the demand.
