130 pips on GNGreat trading Ladies&Gents {image}
My chart says entry is a bit latter. Am i right!!!
I didn't trade on Tuesday as I was away but below is my Monday LO EA H1 Buy Trade.
What was the expectation from LO (16-03-15) ?
Plan A was Sell but it didn't work and Plan B was Buy.
Why I didn't close the trade when TDI hooked back ?
Lot of new members will be wondering when the actual rule says exit on TDI hook, why did I still left my trade open. See answer on the chart below. However, if you are new member to TMS community and just wanted to get to know the system, please stick to the exit rules as you can easily re-enter the trade on bounce.
EA trade closed with profit
As Phx62 mentioned in his post #54,958 here he entered his GJ trade breaking his own trading rules. The above trade is a replica of his GJ H1 trade, however the pair is EA H1 and I would like to be honest too, I didn't either followed the full set of rules for entry which were set in the 1st image above.
Kindest Regards
What was the expectation from LO (16-03-15) ?
Plan A was Sell but it didn't work and Plan B was Buy.
Why I didn't close the trade when TDI hooked back ?
Lot of new members will be wondering when the actual rule says exit on TDI hook, why did I still left my trade open. See answer on the chart below. However, if you are new member to TMS community and just wanted to get to know the system, please stick to the exit rules as you can easily re-enter the trade on bounce.
EA trade closed with profit
As Phx62 mentioned in his post #54,958 here he entered his GJ trade breaking his own trading rules. The above trade is a replica of his GJ H1 trade, however the pair is EA H1 and I would like to be honest too, I didn't either followed the full set of rules for entry which were set in the 1st image above.
Kindest Regards
How do you make an Early entry on Lower TF ?
To make an early entry you need following things:
1. Lots of practice in reading your candles (OHLC and Size of different candles) and grouping them in lower TF, See the chart below for explanation.
2. Proper awareness of your structure, support and resistance levels, RN's etc.
How do you read H4 chart on H1 and make an early entry on pullbacks ?
H4 Chart (Candles numbered)
H1 Chart reading H4 Chart shown above
See in the chart above where your 1st H1 candle opens and where your 4th candle closes; This makes first 4Hr candle OHLC.
Now, see where the 5th candle open (Is it above 4th candle or below it) and where 8th candle closed; This will make the second 4Hr candle OHLC.
See the difference:
1. If 8th (1Hr) candle closed above 1st(1Hr) candle it shows that PA is making a higher move on H4 chart
2. If 8th (1Hr) candle closed below 1st(1Hr) candle it shows that PA is making a lower move on H4 chart
I believe its not too confusing and if it is then please do the old way of switching back and forth from higher TF to lower TF and vice-versa.
Kindest regards
To make an early entry you need following things:
1. Lots of practice in reading your candles (OHLC and Size of different candles) and grouping them in lower TF, See the chart below for explanation.
2. Proper awareness of your structure, support and resistance levels, RN's etc.
How do you read H4 chart on H1 and make an early entry on pullbacks ?
H4 Chart (Candles numbered)
H1 Chart reading H4 Chart shown above
See in the chart above where your 1st H1 candle opens and where your 4th candle closes; This makes first 4Hr candle OHLC.
Now, see where the 5th candle open (Is it above 4th candle or below it) and where 8th candle closed; This will make the second 4Hr candle OHLC.
See the difference:
1. If 8th (1Hr) candle closed above 1st(1Hr) candle it shows that PA is making a higher move on H4 chart
2. If 8th (1Hr) candle closed below 1st(1Hr) candle it shows that PA is making a lower move on H4 chart
I believe its not too confusing and if it is then please do the old way of switching back and forth from higher TF to lower TF and vice-versa.
Kindest regards
- #55,007
- Mar 18, 2015 1:34am Mar 18, 2015 1:34am
{quote} Hi Joynal2u, What is indicator, marking red and blue arrow and drawing lines red (after red arrow) and blue line ( after light blue arrow) Thanks
- #55,012
- Mar 18, 2015 4:48am Mar 18, 2015 4:48am
- Joined Nov 2008 | Status: Trader | 50,217 Posts
Anyone caught the big G/j move? I had an open sell order, and got taken out at B/e 1 candle before the news.
I kept my yesterday' positions protected above the last H4 Master Candle and waited for today's breakout.
We have a Day IB breakout potential I mentioned yesterday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #55,014
- Mar 18, 2015 6:00am Mar 18, 2015 6:00am
{quote} I kept my yesterday' positions protected above the last H4 Master Candle and waited for today's breakout. We have a Day IB breakout potential I mentioned yesterday. {image}
Not that sad i missed the move anymore.
- #55,017
- Mar 18, 2015 8:43am Mar 18, 2015 8:43am
{quote} Have attached a report that lists the probability of price movements. {image}
.nchosen
Anyone caught the big G/j move? I had an open sell order, and got taken out at B/e 1 candle before the news.
