IgazI wrote:stepbystep.png
I think I finally get step 4.
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IgazI wrote:stepbystep.png
PTG wrote:IgazI wrote:stepbystep.png
Thanks IgazI. I'm currently going through MO's posts of late. I wonder how your picture relates to this post from MO: https://www.kreslik.com/forums/therumpledone/the-ideas-that-i-trade-by-t3256/page4320#p110608
According to that postMost of the time you should target 2 or 3 lines; 2.5 being 100% of the H1 average true range.
I'm not sure if it was your intention to show that ? Looking at your post, the HATR(32) (is that H1 ?) is 15 , so either it doesn't show the H1 ATR or the line distance acc. to MO's post should be 15 by 2.5 = 6 (2.5 lines = 1 hourly ATR). What's up with this ?
Mira wrote:Libertarian wrote:Looked weak to me
eurusd-w1-capital-city-markets.png
Price had been zeroing all the shorts as it slowly moved lower so I thought it might be primed to trend a little bit. Thought I'd find resistance in this area.
eurusd-h4-capital-city-markets.png
price had a strong reaction in my area, I set the limit order to enter on the BI, price did some crazy crap, when the 30 min closed over my ZL I exited. Green box is my space.
eurusd-m30-capital-city-markets.png
Hi Libertarian!
At what price you went short?
Btw looking at the weekly you shorted at the origin of the bullish breakout, the bearish one was higher.
On the H4 price already closed back in the previous bottom with momentum.. the fibo tool (0%, 50%, 100%) is really helpful when looking at the “big picture”.
Long <= 50%
Short >= 50%
If this can help.
Libertarian wrote:Mira, thank you sir.
"On the H4 price already closed back in the previous bottom with momentum.. the fibo tool (0%, 50%, 100%) is really helpful when looking at the “big picture"
Can you tell me what you mean by these 2 statements/points?
Mira wrote:Libertarian wrote:Looked weak to me
eurusd-w1-capital-city-markets.png
Price had been zeroing all the shorts as it slowly moved lower so I thought it might be primed to trend a little bit. Thought I'd find resistance in this area.
eurusd-h4-capital-city-markets.png
price had a strong reaction in my area, I set the limit order to enter on the BI, price did some crazy crap, when the 30 min closed over my ZL I exited. Green box is my space.
eurusd-m30-capital-city-markets.png
Hi Libertarian!
At what price you went short?
Btw looking at the weekly you shorted at the origin of the bullish breakout, the bearish one was higher.
On the H4 price already closed back in the previous bottom with momentum.. the fibo tool (0%, 50%, 100%) is really helpful when looking at the “big picture”.
Long <= 50%
Short >= 50%
If this can help.