Hi Wigglez, I can confirm it was indeed a BEEB on the H12.
Good job on managing the already open trade
Funny thing is - I still donāt know how to take partial profit automatically (i.e. close half of position when Iām asleep or watching hilarious airedale terrier videos on youtube). Do I need some preprogrammed module for this? If Iāll just set pending order to long 1/2 - will it really close half of my position, or just add another position to a total of 2? Iām trying Papperstone at the moment if this is relevant. Probably this was already covered somewhere in these 939 pages lol, - if so, could anyone direct me to much needed page:)
Thereās nothing special needed. You just open more than one position with different TPs. E.g for SELL:
Position #1: entry, 1.3300; TP1, 1.3200
Position #2: entry, 1.3300; TP2, 1.3100, & so on
[ NB: profit targets governed by relevant horizontal levels in priceās path ]
Btw, Pepperstone is not letting me to place orders for several minutes after NYclose, neve had this trouble on FXdd.
Yeah, some brokers shut down for an hour or so after NY-close (thereās a brief off-market period between NY-close and Asia-open)
Another question - I read here that engulfing bar must close in last 1/3, right? But what about length of body to lenght of wicks ratio? If EB is closed in last 1/3 of itās total length (from Low to High), its body still must be at least some % of this total length, right? Like 1/2 , or 1/3? I mean, doji probably would not suffice.
Uhm, youāre thinking it too much
So long as it has engulfed the previous candle, it is an EB
And if it formed at a key horizontal level and correct swing point, and is closing in the last 1/3rd of its length, it is a trade-able EB.
Cheers!
RoboForex also have NY-close MT5, pretty kul
Wow, so a lot of setups I have considered bad were actually OK:36: Thanks for clarifying it for me, Dudest!
Guys, is there some broker on who I can open a demo account with Commodities and Indices?
Axiory have some commodities and indices, I use some of them - WTI, Brent Oil, NGAS, copper, SP500, Nasdaq etc.
Hello everyone,
What do you think about the BUEB formed on EUR/USD H4? I like to know your opinion.
Thanks!
I have buy limit order, but only with smaller position as I see it as counter recent sell off. EUR/GBP closed now as a big pin bar.
Hi pedramslhr,
What were your thoughts on this trade as I see youāve already entered? I like the look of it but am cautious against going long against all the bearish momentum. Would you consider the level it formed at to be significant support?
Iām on pending orderā¦ I think itās have all ingredients (Nice support, 4h BUEB and trend).12H TF bar is going to close PBā¦ We will seeā¦
Let the price action be with you Obi Oneā¦
Yes tomyates,
itās not completely visible in this image but zooming out a little more convinces me to enter. And Iām not entered yet my buy stop order hasnāt got triggered currently.
edit: and about the momentum; I think the overall trend is bullish.
I skip that trade. it didnāt close below the line.
nice spot. I already pending on that
The price action signal would need to be large and obvious to be taken against such strong selloff. Looks like a good BUEB at an important level, Iām in! =D
Entry at 50% Fib retrace.
Hey Kugman whereās your 50 level at, about 1.3295?
50% fib is exactly 1.3198, which is a nice entry due to major support and BRN right there