Disliked{quote} Hi EMM and thank you for your continued support, what you teach is priceless, with regard to the EURAUD I did see the consolidation and shallow retrace and inside bar, but I backed away from entering because of the size of the pullback tail, where I have indicated, what gave you confidence to go short, as I saw it there was a high shadow bar followed by inside bar followed by a pullback shadow closing back inside the PAC, The trade you took was good but I had no cross on TDI, confused rookie, please help. {image}Ignored
Hi Piprader,
Good question.
H4 showed me a Pin Bar, ... a pullback during the Tokyo session.
On H1, that entry was more on Price Action and entering during a active APB is Dynamic Candle Entry (before that candle closes) which is agrressive and risky. TDI was used as the confirmation when trading H1. And the initial SL was small just above the Tokyo 5H high, I mitigate with lower % risk of 1% instead of the usual 2% per trade.
But in hindsight, if we just look at the chart again ( I used your chart and made some comments), a safer entry would be to wait for candle 4 close to see a better valid H1 entry with the PAC.
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
1