DislikedI'm in GJ and GU longs from 4hr engulf off lows prior to LO - looking good so farIgnored
tradewith60
- #121
- Sep 7, 2015 3:40am Sep 7, 2015 3:40am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
tradewith60
- #123
- Sep 7, 2015 4:01am Sep 7, 2015 4:01am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
a gift on Monday morning, foolish not to take the 60 pips after such frenzied buying
tradewith60
Good Morning 60MM,
Nice trade. I presume your entry was the next bar break up of the engulfing pattern of that support zone there? Would you have a re-entry criteria now or with such a large initial move are you more likely to sit back now and watch for probable chop for the day? It's Labor Day in the US today & no major figures/news in Europe so my guess is after such a big bid all the big boys have done their transactions for today? Or am I talking guff as usual
Cheers
Nice trade. I presume your entry was the next bar break up of the engulfing pattern of that support zone there? Would you have a re-entry criteria now or with such a large initial move are you more likely to sit back now and watch for probable chop for the day? It's Labor Day in the US today & no major figures/news in Europe so my guess is after such a big bid all the big boys have done their transactions for today? Or am I talking guff as usual
Cheers
- #125
- Sep 7, 2015 4:24am Sep 7, 2015 4:24am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
[quote=gearys;8476138]Good Morning 60MM, Nice trade. I presume your entry was the next bar break up of the engulfing pattern of that support zone there? Would you have a re-entry criteria now or with such a large initial move are you more likely to sit back now and watch for probable chop for the day? It's Labor Day in the US today & no major figures/news in Europe so my guess is after such a big bid all the big boys have done their transactions for today? Or am I talking guff as usual Cheers[/quote
no engulf, just a close up from the new low - I will look for shorts from the new high and then probably leave it for the US session, as you say labour day today...
Cheers[/quoteno engulf, just a close up from the new low - I will look for shorts from the new high and then probably leave it for the US session, as you say labour day today...
tradewith60
- #126
- Edited 6:38am Sep 7, 2015 6:02am | Edited 6:38am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Hello 60MM and thank you for your ideas!
Could you help me to analise what I did wrong?
Here I see
1. Asian range (light blue box)
2. New high after it (red check)
3. Closed red candle = reversal signal from the top of the day = I take sell (red arrow)
4. Price goes up and hits my SL (red cross)
Thank you for your time and attention!
Could you help me to analise what I did wrong?
Here I see
1. Asian range (light blue box)
2. New high after it (red check)
3. Closed red candle = reversal signal from the top of the day = I take sell (red arrow)
4. Price goes up and hits my SL (red cross)
Thank you for your time and attention!
Just an opinion. Based on research 
- #127
- Sep 7, 2015 6:13am Sep 7, 2015 6:13am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
want to know when to sit out, when big money is not adding to positions - if price makes a new low, then fails to make a new high and sits in that range... sit out until a new extreme price is hit {image}
why did you not buy at the close of the first green candle after the first rose block (reversal signal after the new low after Asian)?
Just an opinion. Based on research
- #128
- Sep 7, 2015 7:13am Sep 7, 2015 7:13am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
tradewith60
- #129
- Sep 7, 2015 7:15am Sep 7, 2015 7:15am
- | Commercial User | Joined Feb 2012 | 3,770 Posts
tradewith60
- #131
- Sep 7, 2015 7:18am Sep 7, 2015 7:18am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
{quote} the entry is a breakout of the red bar - that's all, everything else spot on!
don't understand this time
Could you please illustrate?
Just an opinion. Based on research
- #133
- Sep 7, 2015 7:22am Sep 7, 2015 7:22am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
{quote} I use a breakout of the reversal bar for the entry. 1. coming from new low
Isn't it?
Just an opinion. Based on research
- #135
- Sep 7, 2015 7:26am Sep 7, 2015 7:26am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
"I'm going slightly mad"
I read and re-read this thread, but only now I've got the question
Do we trade at BREAKOUTS or at PULLBACKS of the daily H/L???
)))))))))))))))))
I think it's time to take a pause))))))))))
I read and re-read this thread, but only now I've got the question
Do we trade at BREAKOUTS or at PULLBACKS of the daily H/L???
)))))))))))))))))I think it's time to take a pause
))))))))))
Just an opinion. Based on research
- #136
- Sep 7, 2015 7:28am Sep 7, 2015 7:28am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
Just an opinion. Based on research
- #138
- Sep 7, 2015 7:31am Sep 7, 2015 7:31am
- Joined Sep 2008 | Status: Verry good | 1,267 Posts
{quote} It's breakouts since80808
Just an opinion. Based on research