arkan1976 wrote:es/pip wrote:es/pip wrote:1976---
I didnt reply to your pm, so i will add my two cents here. But again, all this stuff is just something that you are going to to need to see for yourself. No one wants to think that this is true and thinks a person can just say, when this happens then do that. Doesn't work like that, at least the way i do it it doesn't.
was good one. What did it miss your TP by a pip, and you held it for a 5 pip loss?
H1 momo already got tested, it held it came back. Now it is getting tested again, but the new PA into it is different. You shorted right back into a engulfing m5 bar. I would consider that entry low odds at that point in time.
The bias is no longer long at this point and has been short for a while. It hit a h1 shoulder and look at the h1 bar in the background. huge spike running the stops from the other pivot. i am not saying you cannot trade long where you did, as i was long that too. but once it doesn't go you can't just stay in it and hope.
i took a +4 on that one. Doesn't matter, you just have to look at it and realize the thing isn't going up so just get out of it.
will post a few charts of what i am talking about later
Nice trading Doji congrats on your success.
Once again this is ANOTHER person that has not taken the IDEAS that have been presented as a 100% METHOD, and has found a way to make it work for him.
people who try and do EXACTLY what other people are doing will probably not be able to do it. You have to make it all fit in a way that you can understand it.
same thing, looked a little different on spot according to this broker
es / pip thankyou very much for response
in this example, for go long, you wait the price reach the area and go to 5 min TF for look the entry ?
or wait the price reach the area, and you see how the price reacts ( waiting for close the 1H candle) and then go to 5 min Tf for look the entry ?
The areas are just areas. Whether they are MOMO supply/demand, shoulder or extreme, it is just an area where price may find balance and then reverse.
i am not going to talk about how i get into trades. If i wasn't a scalper then it wouldn't matter, and i would just say how i do it. But there is only so much liquidity to go around. There is some feel to it as well as a few other things.
I will address your other trade here in a few.