Shadik wrote: es/pip wrote: Shadik wrote:
es/pip wrote:everyone does this a little different, but for me i would have just passed on that setup( i was watching it as well) had the next bar after the momo bar come back into the MZ i would have looked to play it, but like you showed it did not----- so i passed.
had the next bar after the momo bar been a slight down bar but not came into a zl i may have taken the break above the momo bar---- but i didnt like that bar with the way it formed that wick so far up
i am always watching the higher time frames as a reference of where we are
Thanks Es. Now I see that I thinking good and I slowly "see it"
When i look at 4tf gbp/usd now i see that i shoud enter on ~1.6460 - am i right ?
not sure what you mean when you say this----When i look at 4tf gbp/usd now i see that i shoud enter on ~1.6460 - am i right ?
post a chart of what you are looking at
ok, please check it out:
If you entered after the momo near the bottom of the move would you have exited with a profit and bought back after a bear bar closed pretty solid in the zone?
You have to remember that there are now traders sitting with a profit from the bottom and that you are taking the additional risk of standing next to them as they are zero lined.
I am not saying that what you did was wrong only that you should consider the trades of others before you consider placing your trades.