{quote} Previous green Candle. I didn't take it, I did not even think about it because I did not think it was a valid candle. I am curious as to why you thought it was a valid candle. Pennants, Wedges and Triangles. One of the fascinating things about people is that we can all look at the same picture and see completely different things, don't just take my word for it have a look here. Analyzing Chart Patterns: The Wedge | InvestopediaAnalyzing...
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Well, I consider it valid, as price has bounced from previous support zone quite a few times (your pink line). Then the green candle. I honestly see no difference between that candle and yours. What is it? Perhaps this little thing I don't see is the big difference.
Guys, not to be rude, but I don't consider very helpful to other folks posting only trade logs. What is rich and beneficial are your graphs and analyses, entry price and closes without visual aid support are not.
well, personally speaking I am trading remotely today so it is not practical for me to post charts etc. I explaineded why I entered and exited my trades. You can always look at your own charts and see what is happening. I posted my trade in more or less real time.
Guys, not to be rude, but I don't consider very helpful to other folks posting only trade logs. What is rich and beneficial are your graphs and analyses, entry price and closes without visual aid support are not. Thanks
Asumming we are in a down trend im looking for sell positions. I wait for a Red HA bar that close near 20 EMA. From this bar i go to renko 5 chart and take all posible trades takin partial profit at S/R zones and leaving free 1/2 positions.
Regards.
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That which you give to others, life will return it in spades
EU +62. Did not bother yesterday. was not too keen on the entry today because there was no divergence only a failure to break higher. But once your at B/E, who cares, give it room and let it run. Not every entry is going to be technically perfect, at least not mine, if I was trading a dozen pairs then I could be a perfectionist.
EU +62. Did not bother yesterday. was not too keen on the entry today because there was no divergence only a failure to break higher. But once your at B/E, who cares, give it room and let it run. Not every entry is going to be technically perfect, at least not mine, if I was trading a dozen pairs then I could be a perfectionist. {image}
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If U set BE +2 and then ... price goes 20-30 pips ...do U do something with SL ? or U wait until your Target ?
EU +62. Did not bother yesterday. was not too keen on the entry today because there was no divergence only a failure to break higher. But once your at B/E, who cares, give it room and let it run. Not every entry is going to be technically perfect, at least not mine, if I was trading a dozen pairs then I could be a perfectionist. {image}
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Hi Dee - which pairs do u prefer with this system.....?
{quote} If U set BE +2 and then ... price goes 20-30 pips ...do U do something with SL ? or U wait until your Target ?
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Depends on the momentum. If momentum is low I leave SL at B/E, if momentum is reasonable I will use the swing points. It also depends on if I am actually at the computer for the trade, often after B/E I leave the computer returning on the hour just to check, this stops me from interfering with the trade.
I said I would try and find a video about Fibonacci Extensions. Here is one that is good. Also take the time to look at another one from Jason Stapleton. I am going to continue watching more of his videos, he has a very clear style of presentation and so far, the information is excellent.
I said I would try and find a video about Fibonacci Extensions. Here is one that is good. Also take the time to look at another one from Jason Stapleton. I am going to continue watching more of his videos, he has a very clear style of presentation and so far, the information is excellent. http://youtu.be/uY0MKUKkkKghttp://youtu.be/5sz6iIrnvRA
