Hugh - I'm almost finished reviewing this thread for 2nd time. I'm becoming a believer. I will start trading demo, soon.
....just for clarification: you say, "If they still look good in the morning"..., are you saying "morning" for you?
Are you saying the beginning of the next day, wherever one may be, no matter what time of day?
Hugh - I'm almost finished reviewing this thread for 2nd time. I'm becoming a believer. I will start trading demo, soon.
....just for clarification: you say, "If they still look good in the morning"..., are you saying "morning" for you?
Are you saying the beginning of the next day, wherever one may be, no matter what time of day?
Cheers - Cal
Ignored
I mean GMT morning. I am often up around 4 or 5 in the morning GMT but sometimes it's 6 or 7. The candles have to close to give a valid signal on the daily so there's no point looking until the morning and a decent hourly pullback can take a while to develop.
Hugh - I'm almost finished reviewing this thread for 2nd time. I'm becoming a believer. I will start trading demo, soon.
....just for clarification: you say, "If they still look good in the morning"..., are you saying "morning" for you?
Are you saying the beginning of the next day, wherever one may be, no matter what time of day?
Cheers - Cal
Ignored
Hello Cal - Just a little advice from someone that took a while to grasp the concepts here - Don't bring the scalper mentality that your entry needs to be a precision laser guided point - If you do you will miss a lot of PIP's This is one of the beautiful aspects to this method - The higher time frames allows you more of a window - I have taken positions (successfully) a few hours after the initial signal. Just my 2 cents. Relax take a few trades The PIPs will roll in Drzeep
Just a little advice from someone that took a while to grasp the concepts here - Don't bring the scalper mentality that your entry needs to be a precision laser guided point - If you do you will miss a lot of PIP's This is one of the beautiful aspects to this method - The higher time frames allows you more of a window - I have taken positions (successfully) a few hours after the initial signal.
|
Joined Apr 2011
|
Status: On the lookout for a good trend...
|152 Posts
If the question was "what do I get for 100 Billion Euros" - It looks like the answer Might be "about 24 hours" 24 hours after Spain was committed 100B Euros - We have the EURUSD touching back down to the levels it was at (24 hours ago) when My thoughts were too trading this pair like the slide might continue.... it makes me wonder if we might be seeing another short set up on this pair?
Morning all, (GMT morning at least!). Lots of possibles today. I'm watching eurgbp, eurusd, eurjpy, eurcad, gbpaud, gbpcad, audusd and cadjpy.
The correlated crosses of some of the above like gbpchf are setting up too but no point watching something so highly correlated. Usdcad is also setting up but I find it choppier than some others and there is a real beauty lurking in amongst those pairs. That's audusd, chart below. Turned on the daily and in the process of bouncing from the 100 sma, couldn't be better.
I will watch the other pairs and trade one other pair so as not to overtrade. Gbpaud looks very similar to audusd but in reverse and I want to try and take something else that's not correlated or I would just be doubling my risk. Whatever sets up first and/or smoothest I will take.
Hugh Briss, I respect your analysis, it could be a very good entrie. But personally, I am seeing H4 is not synchronize with D1 and H1. So, I am still waiting. I will enter only when D1 to M1 TFs will be synchronized.
Hugh, I'm + 20 pips on EURUSD.... Shall I put stop ar BE or holdon a little more ?
Ignored
I've got a 50 pips stop and I'm going to let the 100 sma trail the stop but if you got a better entry then you could move to break even and if you get taken out then you can always reenter if you get another signal.
Hugh Briss, I respect your analysis, it could be a very good entrie. But personally, I am seeing H4 is not synchronize with D1 and H1. So, I am still waiting. I will enter only when D1 to M1 TFs will be synchronized.
Good luck!
Ignored
You could wait for a lifetime for the perfect entry, h4 very rarely lines up with daily and hourly. If you're going to wait for everything to line up then you'll wait a long time and miss out on some good moves.
I've got a 50 pips stop and I'm going to let the 100 sma trail the stop but if you got a better entry then you could move to break even and if you get taken out then you can always reenter if you get another signal.
Ignored
Yes I entered lately, near at the top. Will hold on a little more before moving stop to BE, at least when I reach 1:1.
Swing trading with heiken ashi and stochs
