Thanks cad, but i do not know how i can close the first .05 and let the other ride. can you pls teach or tell me how to go about it? Sorry if it seems funny, i’m still a baby in this world. Thanks
What platform are you using? If it is MT4 expand the trades window(at the bottom of the window) then right click on the particular order you want to close, select “Closed Order” in the window that pops up enter the amount you want to close in the volumes section then select “Close” below.
The evening star shown on the weekly chart is a possible end to the retrace. We might see a bearish swing to test previous lows in the days ahead. Look for short entries on daily and 4H.
Thanks i’m so grateful
Hi cad,could you please make your attached image clearer? i can’t really understand the chart. Thanks once again
Only I think yours probably survives in the long run, there’s way too much error particularly in discipline for sticking to the plan on my end lol. After all the more frequent your signals come the more likely you are to take sub-par ones on a bad day etc. Yeh I definitely need to see some definitive results (+10 pips after 2 weeks of active trading with a gross win/loss of several hundred pips isn’t very helpful lol). Still playing with small 1k-10k lots atm - having just been linked to a simulator in newbie island it’ll allow for alot more rigorous practice (at the cost of accurate live conditions, pretending I can’t see the news result and having to run several platforms at once to have access to different time frames can get annoying lol).
GBPUSD took off during early asian to a december weekly high of 1.6410s after all, didn’t see a scheduled news announcement for around 0000 0200 GMT either - no doubt aided by the USD bank holiday I guess - seems just playing things by the trend & PA alone really would pay off in these cases
Double top formation on 4H, short entry after the engulfing bearish formation. Target 87.50, Stop Loss just above the 618.
This trade is still open, not looking so well now, its within 7 pips to my stop at 1.4700.
Will weekly support hold? Daily chart showing MS/morning star(reversal candle formation) at support. Short term bullish bias. Stop on daily entry is 200 pips so look for long entries on smaller time frames. Target 1.6000.
EURCAD has a similar set up.
Stop Loss hit…a loss of -76 pips. Weekly chart still at support, its possible we might see a bounce here.
First half closed at 89.40 for 178 pips. Stop move to break even.
Hi Damion,
I take it your entry was off the 1hr timeframe, as you wouldnt have achieved 178 pips yet from the 4hr entry?
It was taken on the 4H chart Shand. Seems you are looking at a different chart. Entry was taking after the engulfing bearish formation on the 4H.
How strange - I’ve posted my chart and indicated where I believe you took your trade - as you can see my platform (Alpari UK) seems to have combined two candles into one compared to yours, hence me thinking the entry would have been at close of very big engulfing bar!!
Alpari has a different 4H and daily close, that’s why the bar on your chart differ.
We might see a pull back on this chart to end the week as the daily is showing bearish reversal formation at resistance. Look for short entries on smaller time frames.
We might see a pull back on this chart to end the week as the daily is showing bearish reversal formation at resistance. Look for short entries on smaller time frames.
same thing is also happening on yen pairs.
First entry triggered since the heads up about a possible long. 4H chart showing a inverse H&S. Entry taken after the previous 4H close. Target 161.8, stop loss just below the 786.
Interesting idea…
First target close at 1.5726, 170 pips gain. Stop move to break even.