Yes, this is my biggest problem with the touch trades and why I am not brave enough to take them yet. Eclayf has covered this to a degree with his research into MA angles. I have not taken this trade on EJ for that very reason. If you look at the ...

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EJ off the 50 Ma.....

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Our charts musy look quite different because both them candles have wicks on them on my charts. Cheers for the explanation though.

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What was your trigger?

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As it looks set to make a fresh higher low and the doji on the H4 trendline (sorry eclayf) is about to form on the hour, you'd have to guess that it's done with south and is heading north.

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It's arguably a fairly long wicked spinning top but it's two bars back, right at the 35 ema, only 11 pips long at 1.3695 and formed a "double top" with the bullish bar before it. Maybe it looks different on your chart/screen. Anyway, i've closed the ...

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I'm short, looking for 20 pips at my trendline. Maybe a bit premature here then? I took the trade at the close of the small red spinning top which made a double touch at the 35 ma. (There was also hidden bearish divergence but I know that's not in ...

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Interesting stuff, there's a lot to keep in mind with this strat but i'm really starting to see the power of it. Very nervous about the touch trades still though.

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Bloody hell, i'm an idiot. Many thanks for doing this but it's just dawned on me that the values will obviously be 4x the M15 values. I'm off to take a cold shower......

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I've been looking at this coming up. The only thing that worries me about this trade is that it retraced with a higher low after bouncing off a long term trendline. Would the experienced guys still take the trade, approach with caution or stay out?

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I've had a look back through the posts but can't figure out exactly which MA's these are. Any chance you could confirm the setting eclayf?

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Good morning (or afternoon for you?) I took the last signal you've ringed but on the break of the lower high red bar. Rode her down for 30 pips, could have got much more but was happy with that. But....I didn't think it really met the rules, I just ...

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Great stuff. For the morning (well, your morning!) I also noticed the same thing but only after i'd let pa show me which way it wanted to go. I had tunnel vision initially and was only looking at what was going on south of the candles not north of ...

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I stayed out. Good night, thanks again for the advice.

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Thanks endroute. Just so you know, I don't expect you guys to be giving signals out but any reviews of observations are very, very welcome

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Would we consider this constrainment forming on EU?

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Walk before you can run. I sit out news time and plan on keeping it that way whilst I absorb more about trading conventionally. Thanks for the input endroute.

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Great, thanks for the clarification. Didn't mean to come across as a smart-arse, it's just that I sat here and watched the whole thing develop and am feeling miffed I didn't get in!

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You traded the news here though? Isn't that ill-advised for those starting out with this strat fella?

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