Hello! Somewhat newb here, getting back into the swing of things. I am finding that the hardest thing for me to do is patiently stalking my setup and finding a good entry!
So I decided to try posting one here, and asking all of you to post if and when your system would enter, as it happens.
I know that no single entry style is always perfect all the time, but I’m interested to see different entry styles!
I think wait until LH at H4 timeframe got breached as confirmation
I’m short on the monthly, if you’re into long term.
Ooh, didn’t notice that.
I’m not too familiar with longer trades.
As far as interest goes, I don’t know where to find that officially. I think EUR is 0%? and AUD is 1%?
So selling would be slight loss on interest? Is that how that works?
That’s correct. For a long term ‘carry trade’ you want to ‘buy low, sell high’ (interest rates) to benefit from them. But unless you’re opening huge long term positions then it’s probably not going to affect you that much. Personally, I don’t pay much attention to that.
Also, I’ve marked on the chart where I predict price is headed, but I won’t hold onto a position for that long. IF price does get there after many weeks/months, I will have opened and closed a dozen or more positions just to lock in profits.
I entered my trade. Price closed above both the 7 and the 20ema. As well as both lines on the upcoming cloud, there was also a MACD crossover. I guess this trade didn’t really become a good example since all the entry tigers I would normally used were hit!
https://www.tradingview.com/x/EiYYeIgv/
