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  • #4,421
  • Mar 8, 2016 12:21pm Mar 8, 2016 12:21pm
Hey Dana, would like your feedback on this as I'm of out tonight (on GMT time) so I've put in a pending order. I zoomed out the 2H until I got to the 29th feb. On that chart I saw that today we were bouncing between the 23.6 and 38.2 on the fib (until this breakout) so I've put in a pending order for some at the 50% fib or just above at 123.85 SL40 with no target, if it works I will let it run.

Regards Andy
  • #4,422
  • Mar 8, 2016 12:23pm Mar 8, 2016 12:23pm
Quoting badlyspeltbo
Hey Dana, would like your feedback on this as I'm of out tonight (on GMT time) so I've put in a pending order. I zoomed out the 2H until I got to the 29th feb. On that chart I saw that today we were bouncing between the 23.6 and 38.2 on the fib (until this breakout) so I've put in a pending order for some at the 50% fib or just above at 123.85 SL40 with no target, if it works I will let it run. Regards Andy
Apparently you did not read what I had said about pending orders?
The Dove - Forex Trainer
  • #4,423
  • Mar 8, 2016 12:23pm Mar 8, 2016 12:23pm
Quoting badlyspeltbo
Hey Dana, would like your feedback on this as I'm of out tonight (on GMT time) so I've put in a pending order. I zoomed out the 2H until I got to the 29th feb. On that chart I saw that today we were bouncing between the 23.6 and 38.2 on the fib (until this breakout) so I've put in a pending order for some at the 50% fib or just above at 123.85 SL40 with no target, if it works I will let it run. Regards Andy
as I was typing it got triggered. So will be back later to see how it works.
  • #4,424
  • Mar 8, 2016 12:23pm Mar 8, 2016 12:23pm
Quoting badlyspeltbo
Hey Dana, would like your feedback on this as I'm of out tonight (on GMT time) so I've put in a pending order. I zoomed out the 2H until I got to the 29th feb. On that chart I saw that today we were bouncing between the 23.6 and 38.2 on the fib (until this breakout) so I've put in a pending order for some at the 50% fib or just above at 123.85 SL40 with no target, if it works I will let it run. Regards Andy
Pending orders isnt trading in the Moment... At the end you are going to get burn.
  • #4,425
  • Mar 8, 2016 12:24pm Mar 8, 2016 12:24pm
Quoting dove_alliance
{quote} Apparently you did not read what I had said about pending orders?
Ha your right on that front, got all the pages printed out so will look for it tomorrow.
  • #4,426
  • Mar 8, 2016 12:26pm Mar 8, 2016 12:26pm
Traders - I highly recommend placing a sticky note on your monitor saying:

CHECK NEWS RELEASES BEFORE TRADING

Again - nothing mention about the all day ECOFIN Meetings.
The Dove - Forex Trainer
  • #4,427
  • Mar 8, 2016 12:48pm Mar 8, 2016 12:48pm
Quoting dove_alliance
{quote} You need to go File - Open Offline and then click the pair 2 hour chart and then click Open; you now have the 2 hour chart; and then install the 2 hour Template.
ok..
By the way, following your rules, based on your experience out of 100 trades.. how many should end with profit?
  • #4,428
  • Mar 8, 2016 12:52pm Mar 8, 2016 12:52pm
Quoting dove_alliance
Traders - I highly recommend placing a sticky note on your monitor saying: CHECK NEWS RELEASES BEFORE TRADING Again - nothing mention about the all day ECOFIN Meetings.
Yes, thank you. I'm going to try and get into the habit of checking when creating the daily plan.
  • #4,429
  • Mar 8, 2016 12:57pm Mar 8, 2016 12:57pm
Quoting lightnight4
{quote} ok.. By the way, following your rules, based on your experience out of 100 trades.. how many should end with profit?
80% demo before going to a live account
The Dove - Forex Trainer
  • #4,430
  • Mar 8, 2016 1:05pm Mar 8, 2016 1:05pm
Quoting normdiploom
{quote} Yes, thank you. I'm going to try and get into the habit of checking when creating the daily plan.
Depending on when you create your trading plan the next day news releases may not been posted yet. So be sure you have the right news releases before you create your plan.
The Dove - Forex Trainer
  • #4,431
  • Mar 8, 2016 1:07pm Mar 8, 2016 1:07pm
Quoting badlyspeltbo
{quote} as I was typing it got triggered. So will be back later to see how it works.
Ok, moved SL to break even. I'm off out now, so have a nice day wherever you are.
  • #4,432
  • Mar 8, 2016 1:08pm Mar 8, 2016 1:08pm
Quoting dove_alliance
{quote} Depending on when you create your trading pan the next day news releases may not been posted yet. So be sure you have the right news releases before you create your plan.
Understood, thanks.
  • #4,433
  • Mar 8, 2016 3:55pm Mar 8, 2016 3:55pm
Hello, sorry if this has already been posted but I have 35 candles on my screen. Any idea on how to change it to 39-40 like Dove has?
  • #4,434
  • Mar 8, 2016 4:04pm Mar 8, 2016 4:04pm
Restarting MT4, and lookslike that we are going to have a new downtrend movement. Lets wait for the Daily Candle close (forexdotcom broker) in 2 hours. And start making Daily plans.
  • #4,435
  • Mar 8, 2016 5:10pm Mar 8, 2016 5:10pm
who's in trade right now?
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,436
  • Mar 8, 2016 5:15pm Mar 8, 2016 5:15pm
Quoting dove_alliance
As you had noticed the SAR locked in on each swing. It went up and and then down waiting on Both the DB and Divergence. Now - with the DB/SAR and Divergence attached with the Daily in control; the 100% Fibo is more likely the target. And from that point on you will be in a consolidation for the turn waiting on the 2 hour Parabolic flip. And being a 2 hour candle will take some time for it all to come together. I believe everyone is beginning to see the importance of the Daily Chart. This Daily consolidation began last week and you are witnessing...
Dana i dont understand how 100% Fibo is mor likely target? I have red H2 Fibo so 100% is down below. Now if we have gold dash dot / light blue sky dash lines for Divergence, how the further down movment is more likely?
  • #4,437
  • Edited 5:31pm Mar 8, 2016 5:18pm | Edited 5:31pm
Quoting Paradox7
Hello, sorry if this has already been posted but I have 35 candles on my screen. Any idea on how to change it to 39-40 like Dove has?
I don't know if it's the way we should do it, but on my screen I had too many candles so I added the navigator on the left. Your problem is you have not enough candles, I suggest playing with the x-axis. Try to zoom out the horizontal ladder.

edit: forgot to say that: then you had navigator and put it the size you need to have 40 cndles.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #4,438
  • Mar 8, 2016 5:21pm Mar 8, 2016 5:21pm
Quoting snfx
{quote} Dana i dont understand how 100% Fibo is mor likely target? I have red H2 Fibo so 100% is down below. Now if we have gold dash dot / light blue sky dash lines for Divergence, how the further down movment is more likely?
I have Fibo up , green , at 0.0 on 2H and 1H Chart
  • #4,439
  • Mar 8, 2016 5:25pm Mar 8, 2016 5:25pm
Quoting Jaymantos
{quote} I don't know if it's the way we should do it, but on my screen I had too many candles so I added the navigator on the left. Your problem is you have not enough candles, I suggest playing with the x-axis. Try to zoom out the horizontal ladder.

Follow 3 steps into attach

Hope it is clear enough
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  • #4,440
  • Mar 8, 2016 5:29pm Mar 8, 2016 5:29pm
Quoting AuMan
{quote} I have Fibo up , green , at 0.0 on 2H and 1H Chart
Thanks Auman for reminde me to check that. There was not 40 bar chart, so when I reinstal last time forgot to check that. Now is green and ok.
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