Richard Hill Forex Net Trap

[peterf1966]

A charting question for you fellow IG Index traders : is there a 'Quick & Easy' way to get into a trade in a situation where the MA is rising & at 6.30 we are already higher than the 6.15 High ?

DO a direct trade, if you want to get in quick, then edit to add the stop and limit. It's in the book somewhere.

 

[bombettor]

No trade today:
MTD PnL: +90 Pips

 

[SA Trader]

Hi, we are placed a SELL at 14295 - right ?

 

[me1234]

Hi, we are placed a SELL at 14295 - right ?

Yes

 

[BigBrassBalls]

I rounded up, but theres only a pip difference...

 

[me1234]

I rounded up, but theres only a pip difference...

I was doing that but had an email from RH last night to say he rounds down on entry.

 

[mark120169]

I rounded up, but theres only a pip difference...

Yeah I got 14296 too, will round down then in future.

 

[geoff39]

My entry was 1.4296, so already entered short and stopped out for a -30 pips today.

 

[mark120169]

My entry was 1.4296, so already entered short and stopped out for a -30 pips today.

Must be your platform.....IG has not tripped trap yet so I have now adjusted mine to 14295. But the lowest IG Index has reached sofar is 14296.7, hence IG platfom users have not started yet @ 96 or 95.

M

 

[mark120169]

My entry was 1.4296, so already entered short and stopped out for a -30 pips today.

Unlucky too, 14326 also happens to be the max so far, your stop loss trigger. I would check your platforms rounding policy, seems to have got you in to early i reckon.

M

 

[mark120169]

Hi, we are placed a SELL at 14295 - right ?

here we go.......just got a text alert from IG so we are off now.........fingers crossed. :|

 

[geoff39]

Yeah it does look a bit suspicious or just very unlucky. I am using CMC markets and on the 6:30am candle the low on the bid was 1.4296 and the high on the offer was 1.4330. That was enough to have me done and dusted in a couple of minutes.

 

[SA Trader]

Our trades should all have triggered now....

 

[purepest]

I am not sure that this morning looks like a good trade. I think a few of us may be stopped out this morning.

In saying that I am not good at market speculation so who knows

 

[GeofT]

It looks fine to me, we are in an overall down trend and just broken out of a channel... don't want to jinx it however.

 

[GeofT]

Jinxed it

 

[BigBrassBalls]

Stopped out now

 

[mark120169]

I am not sure that this morning looks like a good trade. I think a few of us may be stopped out this morning.

In saying that I am not good at market speculation so who knows

I saw it as a trade too for sure, but as the MA is flattening quite quickly I too have a gut felling we are all going to get stopped out somewhere, especially as looking at the chart the MA was falling very steeply all night, could have been a few wins in row with this system last night i reckon, would have been breaking the rules though.

M

 

[purepest]

not sure if everyone is stopped out. I am because of my super-duper limited account

 

[mark120169]

Stopped out now

Yep........thought that might happen. will have to see from RH if it was a trade in next weeks email. those on IG with 14296 entry still have a chance, 14325.4 was the highest so far so they may be lucky.

M