Disliked{quote} Yes. Then we would not bounce 3 times from the new support, only 2 times. Which is enough for MY rule book to go in a CT trade.Ignored
Genesis Matrix Trading
{quote} But it will hit your SL right?
Please read RJ answer.
If you're talking about the entry where I marked with the green box......if you're not, then disregard this post: Had you entered at the green box...the previous signal to the one FOM took, why would you have got shaken out of the trade???
The SL for both entries would have been the same.....*below the previous swing low*
EDIT, maybe this will help:
- #21,546
- Jan 27, 2014 2:23am Jan 27, 2014 2:23am
First trade for the day....comments welcome {image}
On the positive side :
- with the trend
- exited when it hit previous support
Only thing I would've been cautious about is that it is right before Euro open, and in particular, before Euro open on a Monday - can often be very choppy / indecisive then (in my experience).
But 21 pips is a good haul. Congrats.
1 pip at a time ... if the entries are strong, the rest will follow ...
- #21,551
- Jan 27, 2014 4:51am Jan 27, 2014 4:51am
- | Joined Feb 2012 | Status: Don't let the bastards grind u down | 217 Posts
GJ - 38 Pips, short off London open. ExcessFX {image}
I turned it down given the H1 stoch was still flying high above the 80 level and H4 stoch was heading up strongly as well.
Fortune favoured the brave on this one!
A MOUSE THAT ROARS IS STILL NOTHING MORE THAN A MOUSE!
I m sorry for posting trades late. I have been busy last few weeks. Got 61 pips from EA short (1min time frame). By the way two questions, Do you guys enter in the previous sell signal which I pointed in the below screen shot? Why I didn’t enter in that line is I thought there will be another pullback towards the daily pivot. But I was wrong. When you take a trade as same as this trade, where will you place your stoploss, in SL1 or in SL2 ? {image} {image} {image}
In my opinion, your entry was good, except entry candle wasn't off 5MA. I'm not sure about previous entry that you've mentioned. I would also be worried about the pullback and change in direction, plus M1 arrow was against. Also bottom sotch looks flat.
As for stoploss, as an alternative, you can drag your SL line above next swing high. In that case you have secured some pips in your pocket and you give your trade room to breathe in case it goes further south.
Cheers!
My EA M1 entry. I planed to exit on S1. But i closed much earlier without any technical reasons. Just scared. I think i am mentaly exhausted and i am so much affraid that green trade become red. {image}
We will beat this creature!
Cheers!
- #21,558
- Jan 27, 2014 10:52pm Jan 27, 2014 10:52pm
- | Joined Feb 2011 | Status: Carpe diem | 630 Posts
"New Zealand man bitten by shark – so he fights it off, stitches himself up, goes to the pub for a beer, then goes to the hospital." Anyone see rj recently.
https://encrypted-tbn3.gstatic.com/i...bD3-Ax5DVWPtrg