That UJ move heading into the holiday tomorrow...
Daily Only Currency Charts
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- LeMercenaire
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Re: Daily Only Currency Charts
Well, I got stopped out and will remain flat until next week.
Re: Daily Only Currency Charts
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.
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.
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.
- dojirock
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Re: Daily Only Currency Charts
There ya go! Great observation!
doji
doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
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"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
- aliassmith
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Re: Daily Only Currency Charts
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.
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.
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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- aliassmith
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Re: Daily Only Currency Charts
NZD/JPY
The one that got away!
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.
The one that got away!
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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- NZDJPYH47-5.png (53.71 KiB) Viewed 4024 times
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- LeMercenaire
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Re: Daily Only Currency Charts
I had thought this may have been showing promise - see yesterday's candle.
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.
Oh well.
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.
Oh well.
Re: Daily Only Currency Charts
My first trade set-up for the week. I also am watching a few others.
Re: Daily Only Currency Charts
Update on my trade and my current logic...or illogic
- LeMercenaire
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Re: Daily Only Currency Charts
I'm Long on CJ. Entry on the H4.
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