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Would you consider the candle at 0630GMT , 05.12.06 on the GBP and EUR as a level 4 trade? Just trying to get a mental picture of what level 4 looks like on a real trade.
__________________ Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.
Maybe a few of you experienced traders can answer my questions about the level 4 trade.
On a long trade on the GBP, when would you consider this a level 4 trade and go long: at the at the purple line or at the blue line. The first two bars are about 20 pips wide whereas the shorter red bars would get you in the trade sooner. In both instances all of the Step Stoch indicators point to a long trade.
I am only in cable and usdchf. In usdchf 1/3 reached tp others are still open. init.stop is on entry yet.
If cable would drop under trendline of the flag I'll close it
__________________ Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.
be careful - these trades are very risky - you'll see when you look at the daily chart.
EDIT 8:50: rest 2/3 usdchf closed at entry @97 - better to wait what happens on the candle trade - the profit of the udschf gives a little free float
__________________ Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.
I traded the GBP. The problem I had is I waited until the break of the first 2 candles of the day at 1.8866 instead of taking the break of the smaller red candles at 1.8854. Getting in late cost me -34 pips. If I would have gotten in at 1.8854 I could have gotten out with 15 pips. Thus my question that I posted earlier today, when should I have entered this level 4 trade, at the break of 1.8854 or at 1.8866?
be careful - these trades are very risky - you'll see when you look at the daily chart.
At what price did you enter the GBP and CHF trades. What on the daily chart makes you say these trades are "risky"? I don't understand what you are seeing on the daily chart.
__________________ Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.
BUT,BUT,BUT....... be extremely cautious today, cause if eurusd breaks now 1.2893 and 1.2928 and holds above 1.2842, its next target is 1.3176 and that's, friend, is a lot.
This is not easy to achieve if we have not a big, big strength. So, please, do not go full gear.
Maybe at NY session when we have news we get a push. Maybe. I do not know. Or maybe in 5 minutes.
Linear Mode
