Your potential entry going short, referencing the 1H close below smooth would be trading against the 2H trend direction.
I believe that would be classed as a counter trade and against the rules.
What do you think Dana?
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Disliked{quote} What indicator sorry? Oh the LotCalculator? with that Indicator people can see exactly what lotsize they must to use in his Trade. Automatly in the chart tell you what lotsize with 40 pips SL is the 2% Risk.Ignored
Disliked{quote} Contrax, your plan looks good apart from one thing that I can see. Your potential entry going short, referencing the 1H close below smooth would be trading against the 2H trend direction. I believe that would be classed as a counter trade and against the rules. What do you think Dana?Ignored
Disliked{quote} Have you given it thought that is might not work with the Data?Ignored
Disliked{quote} We'll see how it works out for you. For some reason you are skipping the consolidation period.Ignored
Disliked{quote} What you mean about the "Consolidation Period"? Please i dont want to Skip Anything. In my plan i see that we are in Consolidation with the Paradox Indicators, but i think you mean other thing.Ignored
DislikedHello! Since coming across this thread, Ive spent my time reading through everything over and over in order for it to sink in. That includes printing out the material and writing notes. College all over again, lol. In any case, Im onto the second part which is loading the charts and identifying all of my indicators. I was with OANDA, but decided to go back to FOREX.com. The reason being, I didnt want my charts compromised. With that being said, I went to setup my charts and everything looked fine until I went to manually setup the 40 bar spread....Ignored
Disliked{quote} I suggest to delete those charts and reinstall and then come back.Ignored
Disliked{quote} We are at the high side Daniel - and if it does not continue high then we have a consolidated period going sideways. You also have the Daily above Purple/White which will place us in a Daily consolidation and in about 30 minutes that new Daily is going to say a lot.Ignored
Disliked{quote} Yes im watching it... i think i need stop trading and continue learning without risky any money. So the role with the price is like similar another line? For example... the price now is going to end above of Smooth in D1. And that place Smooth, White and Purple as Resistance? Im just felling right now like in my tournament that i had the head in front of me without watching me... and i just missed everything and he shoot me.... another waste bullet... but good lessons that im reciving these days.Ignored
Disliked{quote} 1 Hour is in uptrend. 2 Hr is still in downtrend. If the 1 hour is not consistent with the 2 hour then you are in consolidation. Then you wait until the 1 hour is consistent with the 2 hour before you get into a tradeIgnored
Disliked{quote} Yes Thank you, i just thinking in the other trade with green cycle.. but i think i learn it wrong. I better stop it, and just watching the market without trading. And taking notes where i should entry and thats it.Ignored
Disliked{quote} 1 Hour is in uptrend. 2 Hr is still in downtrend. If the 1 hour is not consistent with the 2 hour then you are in consolidation. Then you wait until the 1 hour is consistent with the 2 hour before you get into a tradeIgnored