guys, what's going on? I'm getting a bit suspicious here https://imgflip.com/i/18nm9u If you took and trade and lost, lets see it. Don't only show up when you have winners to post. Here is an experimental trade I took. I went in with minimal lots seeing as I don't normally take this setup. The trade lost, so looks like going in with minimal lots was the right decision. gbp/nzd reasons for trade: was using the s38 as support as it looked like price may have been ranging a bit, and in the previous swing price reversed from that area. we...
{quote} hello Kain, Your GN long had very low chance of winning, by the glance of your chart, I see strong bears (red APBs) stepping down while TDI kept making lower lows...What did you expect then? price went thru S38% and retraced to DOL, you could make 45green until price reached DOL if you entered once 1st blue APB formed. Always expect price bounces off DOL unless price travelled up and down thru DOL a few times on the day. Sometimes, you could see price ignore DOL but don't try to break your rules (if it is your rules not to go against DOL)....
{quote} hello Kain, Your GN long had very low chance of winning, by the glance of your chart, I see strong bears (red APBs) stepping down while TDI kept making lower lows...What did you expect then? price went thru S38% and retraced to DOL, you could make 45green until price reached DOL if you entered once 1st blue APB formed. Always expect price bounces off DOL unless price travelled up and down thru DOL a few times on the day. Sometimes, you could see price ignore DOL but don't try to break your rules (if it is your rules not to go against DOL)....
{quote} Good chart, LK. It's a good study sample as usual! However, in hindsight, your entry looks somewhat early. It was heading to 50 EMA, Pivot and trend line support. Although it had nice TDI angle and divergence, bounce off from 200 EMA, it looks still very aggressive entry to me. Did you learn from your experience this setup had high probability of success? {image} Thanks,
Hello fellow, green pips for all. i got 2 trade yesterday from UJ and GJ {image} {image}
GU view for short was a mistake? tdi for now too much overbought > 68 and not break trendline from low but if continue close price below 200 ema? can be an oppurtunity? {image}
{quote} My s38 seems to be in a slightly differant place to yours for some reason, and price has closed under it. I am thinking on my last trade one of the mistakes I made was to let price close under it and assume the S level was still in effect when price had risen above it again. on my charts though there is a double bottom at yesterdays low, so i guess i could use that for support..
{quote} It has space for your PT before it reaches DOL
{quote} My s38 seems to be in a slightly differant place to yours for some reason, and price has closed under it. I am thinking on my last trade one of the mistakes I made was to let price close under it and assume the S level was still in effect when price had risen above it again. on my charts though there is a double bottom at yesterdays low, so i guess i could use that for support..
