how long do you expect to trade? 10 replies
Trade What You See And Not What You Hope 0 replies
DislikedYes, bit of a grind to make the pips today, with London closed. Was stopped out BE on that last portion. Tempted to try another long here, after the last hourly close (inverted hangman) on 1hr 62, but don't think there'll be much movement now.Ignored
Keeping in line with the title of this thread, I'm not necessarily expecting anything to happen one way or the other, just pointing out possibilities. It has helped me to revisit this concept and just trade what I see instead of creating all sorts of biases in my head on why something should or shouldn't happen.
DislikedI only had about an hour and a half to trade, so I took this pin on GU 15 minute. It was just under some nice Daily resistance from March, at 5600 (round number), and price was around it's average daily range so I didn't see it going much higher. I got filled at a nice price of 5580 on the candle after the pin. It was just over an hour until Big Ben took the mic. I was in a very small profit when the hourly closed, giving a great pin on the hourly as well.
Moved the stop above the wick of the 1 hour pin, and was planning on entering again if...Ignored
Possible long entry down the wick of the 1H pin (if it closes as a pin). Let's see how this progresses shall we?
DislikedThis was a nice looking setup and as you said it ended up giving a couple more signals on the hourly with the pin and then hanging man. Trying to trade with a hard stop time constraint such as work is tough as you may be tempted to force a trade to conform to your schedule.
A stop above the S/R level at 5600 makes sense but does it make sense when you look at your risk:reward? With your entry at 80 and stop above the first hourly pin at around 95 you could have easily had a 1:2 R:R and have set a target at 50. If you were to bump your stop...Ignored
DislikedThanks. TP would have been 5500 and I would have let her run so no issues with the R:R there. Did you take your Aussie trade? Looking good so far, but big news out in 15 so careful.Ignored