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dean replied May 9, 2011ANd if it broke through that would you then consider B on this chart as the next level of support?? or is it too far back to be relevant??
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dean replied May 9, 2011Is the red dotted horizontal line your stop loss?? Is that at the top of the body of the candle? Thank you.
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dean replied May 9, 2011its more important to me that it keeps me out of bad trades....we know it gives us good ones.
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dean replied May 9, 2011Drifter I should have stayed with the AUD trade, but I am back in as its now looking good for a 4 hour trade. 2nd candle looks strong and its below the resistance to the left so it could make a really good run for it. No news coming up either. what ...
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dean replied May 9, 2011Drifter I should have stayed with the AUD trade, but I am back in as its now looking good for a 4 hour trade. 2nd candle looks strong and its below the resistance to the left so it could make a really good run for it. No news coming up either. what ...
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dean replied May 9, 2011No I got out. On my screen the tdi looked to have flattened and as you can see the candles are small and the 3rd one looked really weak to me so I got out. Only with 4 pips in the end. But I am not unhappy. Two trades today for 16 pips and no ...
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dean replied May 9, 2011Mate not to talk for him but I am pretty sure his aim is for 50 but not ncessarily from the one trade. I get the feeling this is his scalping really...more closely monitored than the 4 hour trades. But I havent read or remember anywhere that he aims ...
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dean replied May 9, 2011Also target 30 pips where the resistance lies to the left
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dean replied May 9, 2011Yep if the ema and the red line are also pointing in the same direction it is a bonus....its not the entry signal though. Grenn line crossed red, correct angle, confirm with stoch angle, check PA and forex basics
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dean replied May 9, 2011Thanks mate, I will let you know how I go with testing. I am still undecided about the refreshing....like you I think managing a trade is a good thing however it could actually affect the basis of this method (in saying that it could be a positive ...
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dean replied May 9, 2011red line irrelevant ema angle irrelevant (just a bonus if pointing the same way but not considered when assessing a trade) candle crossing not important
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dean replied May 9, 2011Looks terrible on my chart: bad angle on tdi and tiny candles.
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dean replied May 9, 2011If it has crossed and is at the correct angle and all other aspects are ok such as PA, candle size, S/R etc then it is an entry....Eelfranz only assesses trades at the opening of the candles so if it has clearly crossed at the opening go for it. ...
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dean replied May 9, 2011Hey drifter, I think it was you playing around with tighter stop losses on the hourly charts, looking at possibly placing SL at the last candle instead of the last high or low. How did you go?? This week I am going to record my biggest draw downs ...
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dean replied May 9, 2011tdi cross definitely verified is your entry signal....either 1st or 2nd candle...green MUST have crossed red though...not just touching.....crossed.
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dean replied May 9, 2011wrong chart sjr, we were on the hourly chart for that trade
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