kvr1966 wrote: ↑02 Jun 2022, 11:03
Pending Order on the 12:00 signal EUR-USD
Not a setup for me due to the following reasons on the chart
THank you for comments. Looking now again i see what you say. This is not a good trade, and if it succeeds it's a lucky one.
The 5xHTF line is just plain stupid I didn't pay attention to it. I did not put it there to ignore it.
The swing high and lows, I can see them. When are these a potential problem? And when are they not? I didn't see this situation as Trading Range. So that's why I didn't see them as potential problem. Do I make a thinking error here?
kvr1966 wrote: ↑02 Jun 2022, 11:03
Pending Order on the 12:00 signal EUR-USD
Not a setup for me due to the following reasons on the chart
THank you for comments. Looking now again i see what you say. This is not a good trade, and if it succeeds it's a lucky one.
The 5xHTF line is just plain stupid I didn't pay attention to it. I did not put it there to ignore it.
The swing high and lows, I can see them. When are these a potential problem? And when are they not? I didn't see this situation as Trading Range. So that's why I didn't see them as potential problem. Do I make a thinking error here?
swing highs and lows are not just for potential support or resistance. Swings show us trend. Here the Strong Swing is bearish. But as we can see now, price is going up, so it would appear that buyers were stronger and remained stronger at those levels. Your trade is successful... The thing is, your trade was a valid banana setup. that's also important.
but if you are to use the other indicator yet ignore the readings of the indicators, you are training yourself to NOT follow your indicator.s hope it makes sense.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
kvr1966 wrote: ↑02 Jun 2022, 11:03
Pending Order on the 12:00 signal EUR-USD
Not a setup for me due to the following reasons on the chart
THank you for comments. Looking now again i see what you say. This is not a good trade, and if it succeeds it's a lucky one.
The 5xHTF line is just plain stupid I didn't pay attention to it. I did not put it there to ignore it.
The swing high and lows, I can see them. When are these a potential problem? And when are they not? I didn't see this situation as Trading Range. So that's why I didn't see them as potential problem. Do I make a thinking error here?
swing highs and lows are not just for potential support or resistance. Swings show us trend. Here the Strong Swing is bearish. But as we can see now, price is going up, so it would appear that buyers were stronger and remained stronger at those levels. Your trade is successful... The thing is, your trade was a valid banana setup. that's also important.
but if you are to use the other indicator yet ignore the readings of the indicators, you are training yourself to NOT follow your indicator.s hope it makes sense.
That defo makes sense, and it's a DS0 because of that. I want higher probability setups, that's why the 5xhtf line is on the chart.
I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.
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kvr1966 wrote: ↑03 Jun 2022, 10:28
I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.
Hi, hope it works... Not a setup for me. This is exactly the same as the USDCAD trade you took. Trading Range... cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.