10.4/10.5 trades only

[Ingot54]

Hi ingot,
Sorry my mistake i edit my post ,true its GBPJPY.
Here is how i open that trade:
1-4H RSi flat on top
2-4H CSS gold
3-1H CSS gold
4-I open order after he price cross DP on H1 chart (late entry after cross DP 20 pips)

Hmm. It may be that the RSI 2 needed to be properly pinned.

But to be clear, the CSS needed to reveal the RED colour if you intended to go short.

Although things might have looked like a reversal was imminent, those two things didn't seem to line up for you first (I mean the RSI 2 pinning correctly, and the RED colour appearing)

Can you see that?
Do you think that may be the problem with that trade?

[sponn]

Hi fahedksa.

I have got the same trade. But my SL was on 240 line. Also this trade should be closed when 1H css turns to green (or even gold if your trade risk is high and risk apetite low).

PS. There is no system with 100% right entries. So you will get SL from time to time. The key is to catch all possible trades (yes I really mean all because around 70-80% are good and 20-30% are bad and you usually get the bad ones when you enter only a few of possible trades).

[fahedksa]

Thank you guys .
many times i open pending orders when 4HRSi reach 90/10 and works great if meet other rules.
I analyze GBPJPy for last 3 weeks and i found if i use Weekly pivots betther and less risk than daily pivots and i thik Jemook mention in his thread (Trade like a boss) that he use only weekly lines.
I will try to use weekly lines only. Exit when 1HCSS turns green.

[fahedksa]

In USDJPY -4H Chart
Price under 240 + RSI pinned tob but 4HCSS Green and 1HCSS Green,
So,Can we put pending order at WP from now or wait until color change of 4H CSS?

[cmeade2]

Wait for the color change on the H1 CSS. That won't be for a while, however.

In USDJPY -4H Chart
Price under 240 + RSI pinned tob but 4HCSS Green and 1HCSS Green,
So,Can we put pending order at WP from now or wait until color change of 4H CSS?

[fahedksa]

Wait for the color change on the H1 CSS. That won't be for a while, however.

In USDJPY -4H Chart
Price under 240 + RSI pinned tob but 4HCSS Green and 1HCSS Green,
So,Can we put pending order at WP from now or wait until color change of 4H CSS?

In that case should i wait color change to Gold or Red?

[cmeade2]

red

Wait for the color change on the H1 CSS. That won't be for a while, however.

In USDJPY -4H Chart
Price under 240 + RSI pinned tob but 4HCSS Green and 1HCSS Green,
So,Can we put pending order at WP from now or wait until color change of 4H CSS?

In that case should i wait color change to Gold or Red?

[Ingot54]

In USDJPY -4H Chart
Price under 240 + RSI pinned tob but 4HCSS Green and 1HCSS Green,
So,Can we put pending order at WP from now or wait until color change of 4H CSS?

You can see how wide apart the Black (USD) and Yellow (JPY) lines of the CSS are ... that is telling you there is enormous pressure to keep the USDJPY going up.

The direction of those lines is another matter, and the have a long way to go before they cross.

That is why Cmeade said "That won't be for a while, however."

You have 2-out-of-3 right though, so congratulate yourself for that.

Some people pick this up instantly, and others struggle over it. Don't despair - just keep at it, and look at as many charts as you can for setups - it really is only practice. Once you "get it" ... you will never look back, and you will probably not want to trade any other way.

[kwanann]

Posting this purely as food for thought, not sure if it works

IF CSS is green, RSI is flat bottom, BUY

IF CSS is red, RSI staying at the top

[fahedksa]

Cmeade ,Ingot
Thank you guys for your help its really clear the picture for me.