Azuremaster wrote:Great charts as always es/pip.
About your GU trade today-IMO it was a bit risky, buy right at previous high?
And I still can not understand, why you shorted EJ - is it up on higher timeframes, or no?
Today I traded the euro on demo.
1st chart: double top and H4 MZ
2nd chart: H1 MZ
3rd chart: Price hits H1 and H4 MZ. M5 entries. 3 losers here, unfortunately.
To es/pip and dragon: sorry for the late answer to your posts. I know that I am not entering right at zline. This is too scary for me, I need some little confirmation that price has turned at zl. Should I try limit orders? Cos if I enter manually, sometimes I do not have time to set a stop if price goes quickly through my entry for a large amount of pips.
pound------------ it had large increase in momo on m15 into the high so i played off that--- with the momo increasing into the pivot/high it tells me good chance it goes further
ej------------ was into a H&S on h1 chart---- i just traded away from that area based on smaller time frame momo--- just scalps based on the momo---
you need to pick entries that work for you---- you are getting in too late the way you are doing it now
pound also was coming out of a h1 mz