Forex, awful to watch, AWESOME to play
- #18,447
- Jun 15, 2016 2:05am Jun 15, 2016 2:05am
- Joined Nov 2009 | Status: Trader | 2,756 Posts
price close above recent M30 candle , we may be in bullish trend.
Exits == most important part of your strategy
- #18,451
- Jun 15, 2016 3:02am Jun 15, 2016 3:02am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} for what? why are u not clear what u type.... I mean in full. Just asking to be more clear about what u say.
Don't Leave Money on the Table
Wait for the 4H, then the D1 and then the W1 and M1 and Y1 and Century1 before you decide to enter that trade! Sorry, but Feo is superb in explanations, yet the market goes the other way of his trades. Just look at the amazing 1 page explanations earlier this week why GBPJPY will raise, while it did fall 500 pips from his entry 
But at least in theory he is a winner!
P.S.: Hope you did go long too, am at +138 so far.
But at least in theory he is a winner!P.S.: Hope you did go long too, am at +138 so far.
Wait for the 4H, then the D1 and then the W1 and M1 and Y1 and Century1 before you decide to enter that trade! Sorry, but Feo is superb in explanations, yet the market goes the other way of his trades. Just look at the amazing 1 page explanations earlier this week why GBPJPY will raise, while it did fall 500 pips from his entry
Forex, awful to watch, AWESOME to play
- #18,459
- Jun 15, 2016 3:57am Jun 15, 2016 3:57am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Sellers still lurking..
Bastards....
I'm guessing they'll be squeezed out above 151.200 then hang on....
Don't Leave Money on the Table
{quote} for what? why are u not clear what u type.... I mean in full. Just asking to be more clear about what u say.
Thank you for the question
Apologies. I was yes, waiting for the end of the hour session. The reason being that where the session closes, predicts the next hourly session.
In post 18,445 I mentioned that eurgbp rejected the daiiy S1 at 7910, on it's first attempt.
The picture below, on left is eurgbp, with the arrow, is the hour in which I made the remark I'm waiting. If that hour had closed below the S1, eurgbp surely would have made movep towards the pivot, hence I was waiting.
On the gbpjpy chart, the arrow is the same hour.
Notice how the previous 2 hour candles were green too, so 6am and 7am. Well in a 3 hour period, so from 6am, the chances of 3 similar candles, all up or all down, is very slim. When that does occur, it is a making point for me. So then market will either go opposite to those 3 candles, or it will shove in same direction.
So I was waiting for the scenario to play out at the end of the hour.
eurgbp closes below S1 - means very possible movement back toward pivot
gbpjpy 3 similar candles in a row - means very possible movement in opposite direction
Forex, awful to watch, AWESOME to play