Quote:
Originally Posted by tonymand
Hi Benjimang. I was trying to follow your trades on my charts and having some problems As an example your trade on GY, 22/8 at 20.52 entry 229.87 is not following the ema cross. What am i missing here?
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See, here is why I really want to get into the habit of posting pics of trades as, or before, I make them. If you look at the pic attached of the daily for GJ you can see that there is a cross ON the 22nd. My candles step at 00:00 GMT. By entering at 20:51 GMT, it would seem that I was pre-empting the cross and entering early. As it turns out I was chatting with Shaun365 at the time and his charting package steps at 21:00 GMT. We used his signal to enter.
Keep in mind that with stochs so high on the lower timeframes, I put on a very loose stop (around 100 pips from memory), then went to work, hence still being 10 mins early. As Shaun pointed out to me afterward though, it only retraced 30 or 40 pips before rising right throughout the day. I went with his decision to use a 75 pip trail and we each netted over 400 pips. Well done to Shaun too, I was going to wait another 4 hours or so to enter according to my cross... he made a good call.
-Benjimang
P.S. gnore my chart setup, I was just mucking around with some other indicators, and removed them before capturing the pic.