Live Trades

[Lúidín]

move stop to 1.0961

 

[Lúidín]

out at 1.0958

 

[Lúidín]

Possible long now..but would wait a bit to see as could breakdown

 

[Lúidín]

Which it just did..why you should never have distractions when trading live

 

[Lúidín]

Do you see why your long was a risky trade?

 

[metrader]

buy eurusd @ 1.0964 stop @ 1.0950

stopped

 

[Lúidín]

looks like a test of the 40 level now

 

[metrader]

Do you see why your long was a risky trade?

No, I don't. Would you care to explain Lúidín?

 

[Lúidín]

possible low risk buy here..if support holds..would wait for confirmation

 

[Lúidín]

No, I don't. Would you care to explain Lúidín?

You went long in the middle of the range on the 1 min chart..very risky..you must use multiple timeframes to pinpoint your entries and exits..otherwise you will get whipsawed all over the place

 

[Lúidín]

Missed the long entry..but again..that is what happens when you have distractions..just missed out on a nice 6 point up move

 

[Lúidín]

Do you see the new range forming now?

 

[metrader]

Missed the long entry..but again..that is what happens when you have distractions..just missed out on a nice 6 point up move

I wouldn't take longs Lui - there is a nice divergence on 15m time frame. For me only shorts if good set up comes along.

Thanks for the explanation. Don't post if you're distracted

 

[metrader]

sell eurusd @ 1.0942 stop @ 1.0951

 

[Lúidín]

Range..Expansion / Contraction..Range

Repeat..repeat..repeat

The advantage of using multiple timeframes is that they can be applied to any market, as the basics of price movement are the same.

When you start relying on lagging indicators to discover price discovery, then you might not get a clear picture, and this cab cost you a good deal of money.

 

[Lúidín]

You can't sell now..the charts don't say sell yet..in fact they say range..you must wait..no go area

 

[metrader]

Can you post charts and time frames you are looking at Lui?

 

[Lúidín]

One bar I never use is 15 min..i don't like it..much prefer the 5 and 10..but a quick glance at it shows we have gone past the 50% pullback..made a bottom..and now have 1 up bar which might be tested shortly..would not short unless it breaks the low of the swing..and even then be fast in case of a bounce

 

[Lúidín]

Sorry.. i am on my mobile phone..which is even riskier..will look at some charts tonite

 

[metrader]

Sorry.. i am on my mobile phone..which is even riskier..will look at some charts tonite

Don't worry Lui - post when you can