{quote} it is right setup........but not right level I was selling right at hourly R on 1 minute chart and right after that hourly price action confirmed the direction by closing the hourly as sell signal so I let it to run.... So this trade started from 1 minute and developed into runner............That is how I trade............. Wait for momentum as in this example try to scalp some profit and if it run leave it for a while
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Hi atheer1
I'm sorry but I tried hard but I didn't understand "... but not right level... " ? What is a level ? Could you show us a picture ? a sketch ?
you took a buy trade based on setup and you see stop taken...............then you take another buy trade and you see your stop taken a again...................stop and think what is wrong .........most of the time you choose the wrong direction...............
{quote} Hi atheer1 I'm sorry but I tried hard but I didn't understand "... but not right level... " ? What is a level ? Could you show us a picture ? a sketch ? Thanks in Advance Best regards BBF
Guys, what he means is you can not rely just in a single pattern or setup. Look at the big picture. Look left. What the chart tells you.
Give preference to the setups when they are on major levels, structure levels.
Even before you have the setup, you already know that levels could work as a reverse.
The setup is just the fine tunning.
*For the others that are not understanding what he means from "line" and not bollingerband..... the line is the line from the sweetspots indicator.
wow only 15 hours old and the wanted-to-spoonfed-guys are already there. really wow. Show me proof, !you are cherrypicking! ..reallly..that annoys so much.
Could you do us all a favour?
Thanks to atheer1 for the effort of opening the thread although he must know how people are going to react.
Guys, what he means is you can not rely just in a single pattern or setup. Look at the big picture. Look left. What the chart tells you. Give preference to the setups when they are on major levels, structure levels. Even before you have the setup, you already know that levels could work as a reverse. The setup is just the fine tunning. *For the others that are not understanding what he means from "line" and not bollingerband..... the line is the line from the sweetspots indicator.
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Thanks my friend for your clarification.You are of great help to me.
wow only 15 hours old and the wanted-to-spoonfed-guys are already there. really wow. Show me proof, !you are cherrypicking! ..reallly..that annoys so much. Could you do us all a favour? Thanks to atheer1 for the effort of opening the thread although he must know how people are going to react.
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Thanks Bartleby.........
I get used to this...........
Thanks!
Even though I dont take your setup by itself, in my backhead I have your setups and also some of "Orabis" chart formations.......
It always helps!!!
Hope you are ok?!
{quote} it is right setup........but not right level I was selling right at hourly R on 1 minute chart and right after that hourly price action confirmed the direction by closing the hourly as sell signal so I let it to run.... So this trade started from 1 minute and developed into runner............That is how I trade............. Wait for momentum as in this example try to scalp some profit and if it run leave it for a while
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Why not right level? What are the right levels to buy/sell ???
