Disliked{quote} Nothing more simpler than Naked Jap Candles (apart from Nudist beaches, that is) I have them aligned next to all my APB charts .. and yes Previous D OHLC are definitely a BIG YES ... When you say levels, I'm taking them granted for target levels ... It depends ... 70% of previous D ADR ... Previous Structure H /L ... CD Leg if i'm driving CD of ABCD ... Regards,Ignored
- #56,862
- May 13, 2015 8:37am May 13, 2015 8:37am
{quote} {image} Hi pinux, Are you in this sell? long way down...
I'm out because the EA that manage when i can't view the trade let me pull out ( be >25 pips after first take )
the problem was the pm i send you
I have to stdy better how to re enter in a trade , is my big problem always
if's i was on trade i put my take on the group of ema and now out with a correct take profit!! damn
- #56,863
- May 13, 2015 8:41am May 13, 2015 8:41am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #56,865
- May 13, 2015 8:51am May 13, 2015 8:51am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #56,866
- May 13, 2015 8:51am May 13, 2015 8:51am
How are you guys managing the R:R of muti lot entries?
I'm trying to use R:R of 1:1 for my trades, SL behind PA or last swing, not a fixed number of pips for sl/tp
what are you toughts about this approach? how you feel about 1:1? I need to apprimorate my risk managment, any comments are much appreciatted and welcome!!
thanks
I'm trying to use R:R of 1:1 for my trades, SL behind PA or last swing, not a fixed number of pips for sl/tp
what are you toughts about this approach? how you feel about 1:1? I need to apprimorate my risk managment, any comments are much appreciatted and welcome!!
thanks
- #56,871
- May 13, 2015 9:21am May 13, 2015 9:21am
Aww lost 30 pips today on EU sell. I thought it would continue south after price broke Asian lows and daily openWas I selling into too much support? Missed the long train caused by US news too, I should long after it went past monthly highs? Yesterday got 50 pips on EU long using multi lot entries taught by Emmanuel So much movement for EU in Asia lately it's hard to trade a breakout
{image}
I think you answered you're own question. The second APBs before your entry was rejected by the RN (1.1200) and the APB you entered on was rejected by the daily open and formed a pinbar. You also had the 50 ema in close proximity. If you look back you can see how EU reacts to DO and RN, it's quite respectful of them especially 20 and 80 RNs.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
Aww lost 30 pips today on EU sell. I thought it would continue south after price broke Asian lows and daily open
Best regards, Zef
- #56,876
- May 13, 2015 9:46am May 13, 2015 9:46am
Decided to stay away from GBP as I couldn't work out what it was trying to do so went the AUD route for a change.
AU was a straight forward TMS entry with SL 25 and TP 43(ADR) which was hit.
Just about to enter AJ when the PC crashed so the entry was very late once I was up and running again. Price started to stall and PC was playing up so exited AJ for +30.
Came back to my PC to see they have both taken off and gone to the moon
Still I've just spent the 70 pips on a new PC
AU was a straight forward TMS entry with SL 25 and TP 43(ADR) which was hit.
Just about to enter AJ when the PC crashed so the entry was very late once I was up and running again. Price started to stall and PC was playing up so exited AJ for +30.
Came back to my PC to see they have both taken off and gone to the moon
Still I've just spent the 70 pips on a new PC
Never argue with a fool; onlookers may not be able to tell the difference.
- #56,879
- May 13, 2015 10:32am May 13, 2015 10:32am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C