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JMaurice replied Feb 24, 2016Downtrend, all charts. H1 open at Smooth, H2 open at White. Short 122.928.
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JMaurice replied Feb 23, 2016Yes things have become more clear recently with Dove's help. I am targeting 20 pips, but perhaps the 0 fib is another potential target?
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JMaurice replied Feb 23, 2016Yes, I did as well, but to be honest, I only saw it because Dove said so.
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JMaurice replied Feb 23, 2016I think that is why you wait for the bar to close, but could be wrong.
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JMaurice replied Feb 22, 2016Understood, I had realized my mistake, but thank you for confirming. Using this logic, in an uptrend, but with the 1HR in consolidation with White/Purple crossing, I believe the EMA on the 2HR would be the entry?
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JMaurice replied Feb 22, 2016Thank you again. I confused myself because we were just discussing your entry at 2-HR Smooth.
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JMaurice replied Feb 22, 2016I'm sorry, in a downtrend the hit on the "1 Hour Smooth" or do you mean 2 Hour Smooth?
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JMaurice replied Feb 22, 2016In a 'trend', will you always use the first resistance up for a short (in downtrend) and the first support down for a long (in uptrend)? (Provided of course all conditions are still maintained as presented in the trading plan once the market reaches ...
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JMaurice replied Feb 22, 2016Thank you again for the response; I guess I need more time trying to understand this and appreciate your patience. In that moment, the market had fulfilled conditions for the short entry ('off the 2 hour EMA for the short without the 2 hour Smooth ...
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JMaurice replied Feb 22, 2016Yes, I think there were more compelling reasons to go short. However, Dove's trading plan included a potential long entry so I was trying to better understand why the long was not taken, but the short was. Thank you -
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JMaurice replied Feb 22, 2016I somewhat understand. At the moment of interest as displayed in your chart, the white and smooth had not crossed, and the market opened at EMA, which was acting as resistance, where a short could be taken into the downtrend. However, if a trader ...
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JMaurice replied Feb 22, 2016Thank you, Jtrade, and ddaytrade for your answers - I appreciate it! And yes, my backtesting was binary - either win or no win basically. In reality, I'm not going to let a trade go to less than 1 from target and then take a full loss on it. I ...
Flag trading the trend
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JMaurice replied Feb 22, 2016Thank you for the response, I very much appreciate it. The picture you posted in the last page didn't include the next bar as the chart I posted did. White/Smooth have crossed in the picture I posted, and definitely had crossed by the next bar. I'm ...
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JMaurice replied Feb 22, 2016Dove, could you please help me understand how you would avoid the long with the open above EMA and white/smooth crossing?
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5M Candles
Started Feb 19, 2016|Trading Journals|21 replies
Glossary: With "Trend" Entries / Continuations: BPB - Breakout PullBack H2/L2 - second higher ...
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JMaurice replied Feb 17, 2016I don't mean to disrupt this thread, but after wasting time with a number of prepackaged systems on here, I realized what I needed to do, thanks to this thread. And that was to actually look at my charts and back test until something that I ...
Flag trading the trend
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JMaurice replied Feb 15, 2016Could you perhaps explain your entries so I/we can try to understand? Thank you
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