Hey traders, Here is a E/J trade, I did some days ago. Lost about 55 pips. What I donīt understand here is: At the first circle I went long and there was a double top and a strong monthly resistance level, so there was just one option: To go short. But at the second circle there was the same (now even stronger) resistance and this time I wanted to learn from my mistake and I went short. But the price went long and stopped me out at -55 pips. Same conditions here like in my first long lose trade but now I watched at this resistance area. What did...
If I were you, I'd wait for a double top with a divergence to go countertrend after such a rush up.
{quote} You misinterpret what LW has said. Firstly, to my knowledge, LW barely pays any attention to MBL position since she uses a higher timeframe TDI on her chart. Secondly, flat TDI lines near the 50 is what you mean, and the point is that there is little to no momentum at times when all lines hover around the 50 line (just look at the night session prior to today's london session). Third, using the 50 line as a way to filter long and short trades is way too conservative for me. It would mean missing out on way too much pippage, especially in...
Good trades are everywhere Thats nice, amazing charts and contributions are everywhere Let me add to that EA, H1, sold double top retracement at 61.8 fibs ie Golden Ratio {image}
{quote} Thank you
When I'm trading with the htf tdi on my chart (which I've now gone back to by the way) then I don't really take much notice of the mbl except if its very close to it.. When I tried trading just the one timeframe then I did take notice of the mbl because it needs something to filter the crosses as well as being a good angle I feel. Good trades are everywhere Thats nice, amazing charts and contributions are everywhere Let me add to that EA, H1, sold double top retracement at 61.8 fibs ie Golden Ratio {image}
{quote} Hi ScorpS, Do you mind advise me pertaining to the below chart, where can I get more information about it ?
That indicator's a simple candle timer that works on the percentage of the time left on a candle being formed rather than hours, minutes, days left until the candle is finished, depending of course on the time-frame of the chart the candles on. Think I got it from TheScorps posts originally so will also post it here as payback to him
{quote} I'm not the Scorpedo scuttling sh-pips but,,,
Likica, I've spent some of the day looking for divergence, finding quite a few examples. But I noticed they were after the fact by some hours depending on the timeframe. Then had the thought they must be found while they were forming, just wondering if this is what you do to find yours. I did find one such happening with the CADJPN 5min just half an hour ago though it was only a little one. Two charts, eurusd with two examples, and the cadjpn. Not having done this before am I on the right track with eyeballing DV? {image} {image}
(that is HTF tdis must allow me to get in and other important factors are if S/R is nearby? how is price doing? candle sizes....bla bla...). If you look closely to my charts you will see I took into account a lot of basic things with my DV (when I was not disctracted by indies 
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{quote} I'm not the Scorpedo scuttling boatloads of pips but,,,
. Babypips school has quite a bit written on them. 
, will have a good read tomorrow, and start looking for DV more seriously myself. Not right now though. 
Midnight here again 
{quote} I hear your pain Wdays{image}
Did you manually exit? I got taken out by SL when the candle you entered on pulled back a 2nd time before it closed lower...
