Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #59,882
- Aug 24, 2015 8:45am Aug 24, 2015 8:45am
GBPUSD has potential to break higher ...
Winners Never Quit, Quitters Never Win
- #59,884
- Aug 24, 2015 8:46am Aug 24, 2015 8:46am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #59,885
- Aug 24, 2015 8:48am Aug 24, 2015 8:48am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
{quote} I did, on M1 chart scalping EA, in no time +80 pips full lot , live account {image}
!Guido
Risiko birgt immer auch die Chance.
- #59,886
- Aug 24, 2015 8:51am Aug 24, 2015 8:51am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} Hi emmanuel7788! The market today has shown strange movement especially the EUR pairs, without many red news. What could be the reason?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #59,888
- Aug 24, 2015 8:57am Aug 24, 2015 8:57am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote} Congrats
{quote} Good scalp TSS. I took a small share 0f +75 pips in few minutes. Wish my TP is higher
I Have Learned to Take Some Losses to Make Profits
- #59,889
- Aug 24, 2015 9:00am Aug 24, 2015 9:00am
- Joined Nov 2008 | Status: Trader | 50,190 Posts
{quote} H, AUDUSD is sideways. On your H1 chart, we can see is a Day Inside Bar on 13 Aug, the Mother Bar is the 12 Aug. Best to trade lower TF H1 and M15 with target set at the D1 WRB Low {image}
Those who traded the AUDUSD D1 IB breakout must be very happy...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #59,893
- Aug 24, 2015 9:53am Aug 24, 2015 9:53am
EURAUD M15 +25 +50 +100
Been watching the AUSUSD but it broke out too quickly and didn't want to chase a big candle. Switched to EURAUD saw a bounce on H1 and dropped down to M15 for an entry. After that everything happened very quickly and didn't have time to move TP3 before it was filled
Been watching the AUSUSD but it broke out too quickly and didn't want to chase a big candle. Switched to EURAUD saw a bounce on H1 and dropped down to M15 for an entry. After that everything happened very quickly and didn't have time to move TP3 before it was filled
Never argue with a fool; onlookers may not be able to tell the difference.
- #59,894
- Aug 24, 2015 10:10am Aug 24, 2015 10:10am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
EURAUD M15 +25 +50 +100 Been watching the AUSUSD but it broke out too quickly and didn't want to chase a big candle. Switched to EURAUD saw a bounce on H1 and dropped down to M15 for an entry. After that everything happened very quickly and didn't have time to move TP3 before it was filled
I Have Learned to Take Some Losses to Make Profits
- #59,895
- Aug 24, 2015 10:14am Aug 24, 2015 10:14am
{quote} Great trading for all, thanks for sharing
Isn't Monday supposed to be a slow day
Never argue with a fool; onlookers may not be able to tell the difference.
Hello Emmanuel,
This is my first post as a new member, hope to be able to ask you a question:
During strong trending markets like today when almost all pairs have moved far away from the MA's, would you trade against the trend towards the MA's or wait till the price has corrected itself and then look for a trade in the trend direction?
I ask this because I assume it could take a long time for the price to come back down (or up) to a position where a trade possibility presents itself?
Hope this makes some sense
Example: EU H4
800MA purple
200MA red
50MA green
10MA yellow
This is my first post as a new member, hope to be able to ask you a question:
During strong trending markets like today when almost all pairs have moved far away from the MA's, would you trade against the trend towards the MA's or wait till the price has corrected itself and then look for a trade in the trend direction?
I ask this because I assume it could take a long time for the price to come back down (or up) to a position where a trade possibility presents itself?
Hope this makes some sense
Example: EU H4
800MA purple
200MA red
50MA green
10MA yellow
- #59,898
- Aug 24, 2015 6:25pm Aug 24, 2015 6:25pm
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #59,899
- Aug 24, 2015 6:57pm Aug 24, 2015 6:57pm
- Joined Nov 2008 | Status: Trader | 50,190 Posts
Hello Emmanuel, This is my first post as a new member, hope to be able to ask you a question: During strong trending markets like today when almost all pairs have moved far away from the MA's, would you trade against the trend towards the MA's or wait till the price has corrected itself and then look for a trade in the trend direction? I ask this because I assume it could take a long time for the price to come back down (or up) to a position where a trade possibility presents itself? Hope this makes some sense
Hi,
In such strong trending market type,
if your are trading short-termed intraday on H1, you can use the previous Day OHLC and look for entry. But with the huge day range yesterday, it won't be easy for find a suitable level for initial SL. Many traders will look at the fibo retracemenet levels for enry around the fib 50%.
But the other way is to use the Asian trading range and get an entry. Just wait and see how the first 5 hours of Tokyo session will trade. But remember, that the price is at the Month 10EMA so expect some choppy price action. Watch the price round number "00" and "50" levels.
If you are trading H4, price has already move way above the previous week' high. With that H4 WRB, we can use that and look for entry in the lower TF either H1 or M15. Same simple rule applies, after a WRB on any chart TF, we do not trade the TMS 5-Method setups in that chart TF where the WRB occur. We drop down to the next lower TF and take trade setups there.
A third way is to look at the price action and buy when PA show a bullish move and buy just above yesterday' Close price. This is what I mean by "CONTINUATION" . Use the RN for SL and do position sizing. Look at H1 PA candles, then Buy 1.16 , SL 1.15, TP 1.175 would be RR1:1.5. Remember buy when PA candle is above the 10EMA on H1.
Keep entries and exits simple.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
