Picked up 25 pips on this trade, the cross was close enough to the yellow for me although it wasnt a text book trade i liked that it was far away from the 200ema. thoughts?
Thank you for creating this thread and for sharing the system.
The following is my first trade using this system. I thought all rules are satisfied but I must be missing something and the market takes my Stop Loss.
Trade is Long on EUR/USD at the London Open marked as a yellow line in the chart.
Could you or any senior members comment on this trade? Thanks.
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Nothing to comment mate.that was trade but it just dint work.thankfully i dint feel right about that setup.i have commented on that cross and i have expressed that i was not ok with it few posts back...dont know but i just felt...certain things cant be explained mate.feel the market and understand what she is telling you..you can consider this a fail trade.i want to see more fail trades with this setup....plz post some if you have.so we all can learn
For me it wasn't a good day. Too much side movements - like crabbs... There has been one opportunity in the Yen, but I've been to undecided. The good thing: No trade - no loss ;-)
please forgive me for posting an indicator, this is your thread and i shouldnt be adding without your permission. sorry.
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WHAT IS YOURS WILL BECOME SOMEONEELSE TOMORROW...UNIVERSAL TRUTH.
no worries mate..as long as you are trying to help someelse i dont have any issues.i will comment only if something is very misleading..even that is to help others...god bless
For me it wasn't a good day. Too much side movements - like crabbs... There has been one opportunity in the Yen, but I've been to undecided. The good thing: No trade - no loss ;-)
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Stay away when you are not sure of the market,,.even thats discipline...this is what i do,,,,good on ya...
OK...what has happend after i left...thre was a blow to the south...im happy you guys made nice pips on this sounth fall.i missed it....all for good
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I traded the previous cross and it immediately reversed so would like to ask traders who caught this movement, why you think (correctly) that the move will not reverse like it did a few candles back?
I am still learning and this info would be a great help.
i hate this sideway market..this weekend i will be tryin these setup on a smaller timeframe.im jobless and i have nothing to do...lol.so will test it on smaller timeframe and tell you how it goes...i will not be trading today ...as its friday...wil see you guys on monday.
Remember: 30-40 per week is more than enough to make you rich in a year.dont go behind every trade.
you talked about the momentum many times how do we know that there is big momentum or not in market?
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Best way to recognize a market with momentum is to look at the higher TF's. Also you can visually see the slope of the TDI and 10 EMA to make sure they are not in a sideways move. Maybe Lovee has a different explanation.
you talked about the momentum many times how do we know that there is big momentum or not in market?
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MOmentum according to me simply means the " the speed of the move towards one direction."
this can be determined my the size of the candle and how fast it moved.i mean the jump of few pips in direction.
lets see what the market has to do it..as fxswisstrader says the simple wud be to look at the higher timeframes...more simpler way is to trade during london session.
