Here my chart
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Mono
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QuoteDislikedQuote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by trevwest
well heres my chart. I think its still a valid trade... got a little pinbar action... but according to the method in this thread, have to have two higher lows on each side of your trend point... which is not the case on my chart... of course your chart may differ....
Trev
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doen't look right, if you look at the LTD points the line doesn't match up, remove the indicator and re-apply it.
Quoting monoDislikedIgnored
Quoting nchosenDislikedOpen trades:
AUD/USD, buy
GBP/USD, sell
USD/CAD, sell
USD/CHF, sell
GBP/JPY, sell
EUR/CHF, sell
What do you guys think of these?
nchosenIgnored
Quoting ThebigmoDislikedI got this feeling that when you are dealing with 4hr charts, you might just want to open two trades maximum a week.
Although one might be the best, you know the one with the highest probability of success.
Just my two cents.Ignored
Quoting lglyonsDislikedSell setting up on USDCAD?Ignored
Quoting XerofDislikedYes true Antra, these are precisely the two trade set-ups I was alluding to earlier. I was long cable as your set-up shows, but then the sell set-up is also valid, and as Mouteki apparently said:
When two trades occur that are in opposite direction the first one is closed immediately and traded the direction of the most dynamic trend break..."
To me the most dynamic trend break would most likely be the latest one....in this particular case, it hasn't proven so....
Deltaworld, I think its a case of just being unlucky....not all trades will go our way
XerofIgnored