LeMercenaire wrote:imparare wrote:Took a counter, Market is crawling now . Out +1.
This might go up, or it might not.
It's 02:30 here in the UK. You're not going to see much sense from Cable at that time, lol.
Lol,Right on most days.
Moderator: moderators
LeMercenaire wrote:imparare wrote:Took a counter, Market is crawling now . Out +1.
This might go up, or it might not.
It's 02:30 here in the UK. You're not going to see much sense from Cable at that time, lol.
forexjpn wrote:LeMercenaire wrote:forexjpn wrote:
Sorry if I’m misunderstanding you, but the H1 midpoint is above the close (in a downtrend), so that allows for some retrace upward without changing the bias..... and we would enter on the reversal back in the direction of the bias, if it fits the criteria of Aliassmith’s entry.
But then, what's the point? You'd be entering at the close of a RED MOMO candle anyway, which gives an inherent bias.
Not sure I'm getting you, my comment is based on one using the midpoints of the previous hour, so if they are using it as a bias they would enter short if there is an entry pattern below it. It is different from using the direction of the full candle as bias.
If I'm missing something completely obvious forgive me, but I cant figure out how RED MOMO bias would be the same as below midpoint of previous hour?
(not being an ass here, I'm sure you guys know, but its difficult to show it in writing,lol)
imparare wrote:forexjpn wrote:LeMercenaire wrote:
But then, what's the point? You'd be entering at the close of a RED MOMO candle anyway, which gives an inherent bias.
Not sure I'm getting you, my comment is based on one using the midpoints of the previous hour, so if they are using it as a bias they would enter short if there is an entry pattern below it. It is different from using the direction of the full candle as bias.
If I'm missing something completely obvious forgive me, but I cant figure out how RED MOMO bias would be the same as below midpoint of previous hour?
(not being an ass here, I'm sure you guys know, but its difficult to show it in writing,lol)
All we are saying is, if you are sitting at a open below the previous candles close you have natural midpoint bias in your favor. Its really no different then a full candle bias. Think about it.
imparare wrote:The 1st short: Aim for +10, out at +6 price was stalling imo.
2nd: Counter, Price stalling at Ma, out at +1 (price shoots up...)
Btw, Going extremely light on these trades for now. Trying to a get feel for these setups , not sure if I'll be this aggressive going at regular size.
Anyone trading the counter fashion? What do you look for? Thanks.
LeMercenaire wrote:imparare wrote:The 1st short: Aim for +10, out at +6 price was stalling imo.
2nd: Counter, Price stalling at Ma, out at +1 (price shoots up...)
Btw, Going extremely light on these trades for now. Trying to a get feel for these setups , not sure if I'll be this aggressive going at regular size.
Anyone trading the counter fashion? What do you look for? Thanks.
I don't tend to run counter trades as stand alone entries, no.
I wonder if that would be one situation where the dots would actually genuinely help?
imparare wrote:forexjpn wrote:LeMercenaire wrote:
But then, what's the point? You'd be entering at the close of a RED MOMO candle anyway, which gives an inherent bias.
Not sure I'm getting you, my comment is based on one using the midpoints of the previous hour, so if they are using it as a bias they would enter short if there is an entry pattern below it. It is different from using the direction of the full candle as bias.
If I'm missing something completely obvious forgive me, but I cant figure out how RED MOMO bias would be the same as below midpoint of previous hour?
(not being an ass here, I'm sure you guys know, but its difficult to show it in writing,lol)
All we are saying is, if you are sitting at a open below the previous candles close you have natural midpoint bias in your favor. Its really no different then a full candle bias. Think about it.
aliassmith wrote:imparare wrote:forexjpn wrote:
Not sure I'm getting you, my comment is based on one using the midpoints of the previous hour, so if they are using it as a bias they would enter short if there is an entry pattern below it. It is different from using the direction of the full candle as bias.
If I'm missing something completely obvious forgive me, but I cant figure out how RED MOMO bias would be the same as below midpoint of previous hour?
(not being an ass here, I'm sure you guys know, but its difficult to show it in writing,lol)
All we are saying is, if you are sitting at a open below the previous candles close you have natural midpoint bias in your favor. Its really no different then a full candle bias. Think about it.
Love a good debate.
So using midpoint on the same timeframe didn't give me any value. So that is why I pegged it to the 1 hour candle and used the 5 minute chart.