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- Domas4 replied Aug 2, 2012
Guys. Did it occur to you that the price has not broken LH... thus your SL should not have been hit? Your SL was placed wrong then. Price can touch LH, but only if it breaks it - then your SL should trigger. Of course if your broker has variable ...
- Domas4 replied Jul 31, 2012
You can call it a "triangle breakout", "heads and sholders" , "descending triangle", "flag" and aaaaallll other names that those poor waves are being called. Or you can forget about those patterns and simply trade any price action according to waves ...
- Domas4 replied Jul 31, 2012
Both TPs hit in a matter of minutes. Results: Short trade SL -7 pips. Long trade TP1 + 13 pips, TP2 +20 pips.
- Domas4 replied Jul 31, 2012
Moved SL once more and it got hit. Right there I had my Buystop in place. Now I am long. EDIT:As TAH would point out - it's an early entry according to waves, because price is still in the dragon.
- Domas4 replied Jul 31, 2012
Moving SL lowert to LH.
- Domas4 replied Jul 31, 2012
Entered short @ EU. Will move SL lower as soon as LH forms.
- Domas4 replied Jul 30, 2012
New Buystop EDIT: Buystop removed. Reason - LH & LL.
- Domas4 replied Jul 30, 2012
Ready with my Buystop EDIT: Removed it. Reason - LH.
- Domas4 replied Jul 27, 2012
TAH, good observation. I have had this issue when I moved to Oanda, which is governed by NFA. Even in European division, I cannot have both Long and Short positions open at the same time. What I did to go around it is to have my buystop/sellstop ...
- Domas4 replied Jul 27, 2012
. EDIT: Don't look at the dragon, my settings are different.
- Domas4 replied Jul 27, 2012
Also, you could have followed smaller waves to place your stop. They are hardly visible in M15, but still visible. Turn on M5 to see them.
- Domas4 replied Jul 27, 2012
as — .
- Domas4 replied Jul 26, 2012
...continued
- Domas4 replied Jul 26, 2012
Incase nobody learned anything today, here was my thinking and trading behind E/U pair. In short, my short trade taken at TP1, then remaining half of the position taken out at SL, which I moved to lower high. Then my BUYSTOP gets triggered and both ...
- Domas4 replied Jul 26, 2012
So did you learn anything?
- Domas4 replied Jul 23, 2012
Not really. If we trade waves, we do not care about Open and Close of the candle, we care about the range - High and Low. You would set above the High, and it does not matter how the candle would look. The extreme point (price) is still the same if ...
- Domas4 replied Jul 23, 2012
As a follow up - to minimize your risk, now you can move your SL even lower to LH.
- Domas4 replied Jul 23, 2012
Your SL is not TIGHT, as you named it. Tight SL usually means that it is placed on the previous HH or LL.
- Domas4 replied Nov 16, 2011
I like this user who is always watching the thread I like his username to be exact. I think its ironic.