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Originally Posted by nina
Hi, Fory!
As far as I see -I'm not at home, but a mate has sent me USDCHF chart- we had a very tiny little green bar on stepMa_Stoch. USDCHF did not open above EMA50, but we had that tiny little green step's bar. Well, it is not a regular level 2 signal, but it is clear that it could have been a re-short.
Nina
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Hi Fory,
regarding the situation yesterday in usdchf it could be said that this was a difficult decision - why?:
1.) Formal setup: There was a very minimal green bar at the Hist_StepMA_Stoch. There was a crossing of the ema50 during the candle was developed, but no crossing on base of the candle close.
--> Could be decided as a re-entry signal because of the combination with the green bar
2.) eurusd and usdchf are a little correlated in standard - often when eurusd goes up, usdchf goes down and vice versa. --> we talk here for a short entry. That means your risk is doubled when you are also long in eurusd.
3.) I didn't follow the chart in realtime on opening of the candle, so what I saw was an older view. A very small green bar could turn into a red one during the candle develops - it depends on the price movement. So it could have been that if the price went up even more over the ema50 - you even had a long signal!
4.) Looking at the same chart this morning shows another view. See the two attachments. 1. yesterdays view, 2. today the same view.
--> green bar yesterday was so small that it is not developed today at the same position!
So for me it would have been a nice trade (see it on the chart after the development) - but on entry situation it was too risky for me concerning the point 3.)
b.r. mibl