dragon33 wrote:rushN4 wrote:dragon33 wrote:rushN4 wrote:dragon33 wrote:rushN4 wrote:Hi Dragon can you please take a look on my first trade on EJ, what could I do to avoid a loss like that? My second trade was a winner...
Just play the rules.
Start selling after hitting a 50% area and not before. IF you can not wait then you start trading after the extreme. This means when price will break previous low.
this was my idea on the failed short trade.
price failed to close above red 1h Close/open.
"IF you can not wait then you start trading after the extreme. This means when price will break previous low"
Do you mean i should have used the low of the 1h up candle for entry?
as always thanks for your help...
yes
here is a long trade i took at the 50% 1h up candle with rat on EJ and lost.(i know it was no 1h up Momo candle but it closed above the 50% level of the down 1h momo) Can you tell me what i did wrong on this one? Do you only take trades from momo candles? i managed some pips on GU to cover the loss....all in all im in profit for today
How about this, what happened with the classical zerolines?
OK thanks for the chart...i was to focused on the 4h up momo and the 1h up body. I dont know why i dont took this rat trades on the 1hZL (down momo) maybe my mind was playing games with me