Daily Only Currency Charts

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LeMercenaire
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Re: Daily Only Currency Charts

Postby LeMercenaire » Wed Jul 03, 2019 4:32 pm

That UJ move heading into the holiday tomorrow...

UJ-DailyTrundlingOn3rdJuly19.png
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trojoh68
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Re: Daily Only Currency Charts

Postby trojoh68 » Wed Jul 03, 2019 11:15 pm

Well, I got stopped out and will remain flat until next week.

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Re: Daily Only Currency Charts

Postby trojoh68 » Wed Jul 03, 2019 11:19 pm

If I could have watched H4 more often, it would have kept me out. Watching when I did kept me from adding in and worsening the loss.

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However, I may be able to check an H6 or an H8 chart in the future. Both of those time frames would have kept me out completely.

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Re: Daily Only Currency Charts

Postby dojirock » Thu Jul 04, 2019 3:02 am

There ya go! Great observation!

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Re: Daily Only Currency Charts

Postby aliassmith » Thu Jul 04, 2019 1:29 pm

trojoh68 wrote:If I could have watched H4 more often, it would have kept me out. Watching when I did kept me from adding in and worsening the loss.

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However, I may be able to check an H6 or an H8 chart in the future. Both of those time frames would have kept me out completely.

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Definitely being able to watch the 4H could benefit, but many can't watch every 4H candle. It doesn't hurt to get a peek of them every so often.

I don't trade the 4H a lot but sometimes I happen to see it form something nice.
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Re: Daily Only Currency Charts

Postby aliassmith » Fri Jul 05, 2019 2:56 pm

NZD/JPY
The one that got away! #-o
I had this marked by the blue line on the 2nd.
If you used only the Daily for entry this made a 1R so far
If you used the 4H after the bounce off of the blue line its 2R so far
There is always another trade around the corner.
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Re: Daily Only Currency Charts

Postby LeMercenaire » Fri Jul 05, 2019 7:41 pm

I had thought this may have been showing promise - see yesterday's candle.

XAGAUDlookedpromising4th-5thJuly19.png
XAGAUDlookedpromising4th-5thJuly19.png (57.21 KiB) Viewed 3863 times


Dropping it to H4 to fine tune showed that this was never a goer.

In fact, the H4 would have given a decent entry short.

XAGAUDbutH4showsNOgo4th-5thJuly19.png
XAGAUDbutH4showsNOgo4th-5thJuly19.png (52.46 KiB) Viewed 3863 times


Oh well.

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Re: Daily Only Currency Charts

Postby trojoh68 » Mon Jul 08, 2019 12:24 am

My first trade set-up for the week. I also am watching a few others.

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Re: Daily Only Currency Charts

Postby trojoh68 » Tue Jul 09, 2019 11:00 pm

Update on my trade and my current logic...or illogic :roll:

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Re: Daily Only Currency Charts

Postby LeMercenaire » Tue Jul 09, 2019 11:26 pm

I'm Long on CJ. Entry on the H4.

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