Reason for trade : green divergernce and the magneta price box
Got out with some profit
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DislikedHi Dona, With regards to Alerts details in post 21 "The 1 hour has all three; the 2 hour and Daily has only EMA and the MACD" I noticed that Only 2H has the EMA and MACD alerts but the 1H and the daily has the three alerts, would you please explain to us the reason for this differentiation? and also which configuration should we use in. Best regards,Ignored
DislikedHello guys Ok, so I took a quick sneaky little long for +40. In the picture below you will notice that I entered on the close of the blue arrow bar, which was on the 1hr EMA, just below 2hr smooth and just above daily EMA. A good area of confluence where we can expect a reaction. We saw what happened when we hit the daily ema from below last night. On the picture the two bars before my entry were consolidating after a push up from below ema/smooth, then psar flipped and the purple/white/smooth are crossing. Basically the market broke out downward...Ignored
DislikedHello guys Ok, so I took a quick sneaky little long for +40. In the picture below you will notice that I entered on the close of the blue arrow bar, which was on the 1hr EMA, just below 2hr smooth and just above daily EMA. A good area of confluence where we can expect a reaction. We saw what happened when we hit the daily ema from below last night. On the picture the two bars before my entry were consolidating after a push up from below ema/smooth, then psar flipped and the purple/white/smooth are crossing. Basically the market broke out downward...Ignored
DislikedHello guys Ok, so I took a quick sneaky little long for +40. In the picture below you will notice that I entered on the close of the blue arrow bar, which was on the 1hr EMA, just below 2hr smooth and just above daily EMA. A good area of confluence where we can expect a reaction. We saw what happened when we hit the daily ema from below last night. On the picture the two bars before my entry were consolidating after a push up from below ema/smooth, then psar flipped and the purple/white/smooth are crossing. Basically the market broke out downward...Ignored
DislikedHello guys Ok, so I took a quick sneaky little long for +40. In..... {image}Ignored
Disliked{quote} hey Bigijs , I took the same trade this morning , and got also out B/E around 124.600 , and re-entered for short at 124.750 , and almost got stopped out . It didn't feel the right thing to do , going short with 1H and 2H up , How do we know if top is in at fib 0.0 , after DB attached at top bar , with new higher high magnenta fib box , and green dashed line divergence at top of bar . ??Ignored
Disliked{quote} I just wanted to see how it plays out. When market returns and hits our SL at B/E we do not open a new position right away. There was a reason why market returned and hit our SL. So be it. I guess we should learn to trade this strategy with the basic steps. So, rule # 1 - one trade with TP 40 pips or two trades with 20 pips + 20 pips per day. That's it. No multiple trades. Just one or two trades a day. We just have to sit there and wait for an opportunity.Ignored
Disliked{quote} I just wanted to see how it plays out. When market returns and hits our SL at B/E we do not open a new position right away. There was a reason why market returned and hit our SL. So be it. I guess we should learn to trade this strategy with the basic steps. So, rule # 1 - one trade with TP 40 pips or two trades with 20 pips + 20 pips per day. That's it. No multiple trades. Just one or two trades a day. We just have to sit there and wait for an opportunity.Ignored
DislikedI missed the long entry off of the Daily EMA where there was 40 pips to be had. Got in late.Ignored