- Search Energy EXCH
- Blackeagle replied Dec 9, 2009
It seems you have traded the breakout without waiting for pullback and continuation, correct? If not, can you please show your pullback and continuation on M15 chart?
Trend Trading All Pairs
- Blackeagle replied Dec 9, 2009
when we had the signal, RSI moved from 43.2786 to 35.2358 which was just above your 35 limit. On previous bars, MACD signal line was pointing up.
The Raz Method
- Blackeagle replied Dec 9, 2009
8.00 bar on chart was a valid signal, IMO, though MACD signal was flat, but when you look at previous position of MACD signal line, it could be taken. Already at +20. And hit +25 now.
The Raz Method
- Blackeagle replied Dec 8, 2009
Always Dr. Joe. He was in command, is still in command and will be in the future.
Strat's Long Term Stress Free Trading
- Blackeagle replied Dec 8, 2009
That wasn't a valid entry, I believe, because MACD histogram was pointing up.
The Raz Method
- Blackeagle replied Dec 8, 2009
So do you have an RSI limit such as no short trade below 35 or long trade above 65 telling you not to take the trade? If so, what are your RSI limits?
The Raz Method
- Blackeagle replied Dec 8, 2009
Strat warned everyone "JUST" before the move, of course to those who know how to read and a couple of good/dedicated students already caught the fish(es), it seems.
Strat's Long Term Stress Free Trading
- Blackeagle replied Dec 8, 2009
May be the one with arrow but RSI is at 32, so not sure if it is valid due to RSI level. Other conditions met and if it had been a valid one, it would have hit +25.
The Raz Method
- Blackeagle replied Dec 8, 2009
5 is between 10 and 20 for UJ, so don't wait for it with this volatility at least a couple of H4 bars. EU and USDCHF is potential, IMO.
The Raz Method
- Blackeagle replied Dec 8, 2009
AUDUSD was a better setup compared to other two and see how it easily hit the target. Hope you hit, too.
The Raz Method
- Blackeagle replied Dec 8, 2009
I did take neither of them due to lack of momentum on MACD histogram wandering around zero line. On top of this, ADX was at 11 for USDCHF though it was better for Euro. Hope you get some pips. Yesterday, I took a trade (long) on USDJPY at the close ...
The Raz Method
- Blackeagle replied Dec 8, 2009
For cable current bar is too large, IMO, and the previous bar didn't meet RSI requirement and 3 was still above 20. Re. Euro. Only problem is the lack of momentum. If you check MACD and ADX, they are too flat. So I am not sure if this is a valid ...
The Raz Method
- Blackeagle replied Dec 8, 2009
You mean BID price of 9104, I suppose. Because you are taking short at .9131 which mean you'll not have any spread cost when entering the trade. But you'll have spread cost while exiting which means your Bid price will be .9104 and Ask price will be ...
The Raz Method
- Blackeagle replied Dec 7, 2009
Agree, short at 0.9131 at the close of previous bar was a valid one.
The Raz Method
- Blackeagle replied Dec 7, 2009
At least this is what I have been doing since June for this pair.
Strat's Long Term Stress Free Trading
- Blackeagle replied Dec 7, 2009
I thought you were not trading GBPJPY with this strategy, am I wrong?
The Raz Method
- Blackeagle replied Dec 7, 2009
Hi Raz, What do you think about the possible GBPUSD short trade? Do you think MACD was too flat for the last 15-20 bars? Thanks.
The Raz Method
- Blackeagle replied Dec 7, 2009
Thanks for the reply. But when I look at your charts in this thread, you draw your Retracement lines from trigger charts, not setup charts. For example look at your post #39. If you are drawing that tiny retracement line on trigger chart to take the ...
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