longytravel wrote:Pgd,

The Green bar is as it should be:

-- if "ranging" H4 (OLIVE or GOLDENROD) --
H1 GREEN BAR : Bid is below MA15H1 & Sto722 below 20
H1 RED BAR : Bid is above MA15H1 & Sto722 above 80

We are ranging, we under 15MA on the 1 hour and we have just gone below 20.

Lets try a buy as Bob suggests when under the 15 and the Stoch could rise we are looking good for the retracement to be finishing and its a great place to get back in.

tibochina wrote:art, Where can we view this story?

art wrote:currency traders been suspended in London for fixing rates, i think trading might have been suspended at some banks not sure

pgd wrote:

nanningbob wrote:

pgd wrote:hi bob,

kindly look at the gbpusd h1 chart posted below.

would you enter short:

[1] during candle marked 'A', the moment sto reads < 80 .... OR
[2] at close of candle marked 'A', when sto closes < 80 ...... OR
[3] during candle marked 'B', the moment sto reads < 80 .... OR
[4] at close of candle marked 'B', when sto closes < 80 ....... OR
[5] wait for ma15 (orange) to point downwards again and then take the next sto short trigger ?

thanks.

The break of a MA line or DO line would work. The signals are there so you enter the trade. It went about 70 pips off of last nights move.

#1 forget the close of the candle garbage. I never trade that way. When price decides to move you go with it, waiting for the top of the hour never made any sense to me.
#2 going with a break of a horizontal line (Daily/Weekly Open or xxx.000) or an angle line (trendline/MA) are always your best two options.

Yesterday playing the break of the DO or Trendline were your best two options to enter.

hi bob,

thanks for the reply.

by 'DO line', i assume you mean the Daily Open Line.
please confirm if that is correct.

i have re-attached the chart drawing the TL (a bit differently from yours) using the first 2 troughs in that incline (as would happen in realtime).

based on that, the following breaks are available:

candle
time
------
15:00 - TL break at 6052 (by ~ 2 pips)
19:00 - TL break at 6063 (by ~ 6 pips)
19:00 - ma15 break at 6060 (by ~ 3 pips)
20:00 - daily open line (magenta) break at 6045 (by ~ 48 pips)

a few questions arise:

[1] how would you make your choice looking at those events, as they happen ?
[2] how many pips beyond the line being broken do you place your entry order ?
[3] where would your s/l have been in the present case (we have the 1.6100 sweet spot about 40-60 pips above the listed break events) ?

nanningbob wrote:

pgd wrote:

nanningbob wrote:

pgd wrote:hi bob,

kindly look at the gbpusd h1 chart posted below.

would you enter short:

[1] during candle marked 'A', the moment sto reads < 80 .... OR
[2] at close of candle marked 'A', when sto closes < 80 ...... OR
[3] during candle marked 'B', the moment sto reads < 80 .... OR
[4] at close of candle marked 'B', when sto closes < 80 ....... OR
[5] wait for ma15 (orange) to point downwards again and then take the next sto short trigger ?

thanks.

The break of a MA line or DO line would work. The signals are there so you enter the trade. It went about 70 pips off of last nights move.

#1 forget the close of the candle garbage. I never trade that way. When price decides to move you go with it, waiting for the top of the hour never made any sense to me.
#2 going with a break of a horizontal line (Daily/Weekly Open or xxx.000) or an angle line (trendline/MA) are always your best two options.

Yesterday playing the break of the DO or Trendline were your best two options to enter.

hi bob,

thanks for the reply.

by 'DO line', i assume you mean the Daily Open Line.
please confirm if that is correct.

i have re-attached the chart drawing the TL (a bit differently from yours) using the first 2 troughs in that incline (as would happen in realtime).

based on that, the following breaks are available:

candle
time
------
15:00 - TL break at 6052 (by ~ 2 pips)
19:00 - TL break at 6063 (by ~ 6 pips)
19:00 - ma15 break at 6060 (by ~ 3 pips)
20:00 - daily open line (magenta) break at 6045 (by ~ 48 pips)

a few questions arise:

[1] how would you make your choice looking at those events, as they happen ?
[2] how many pips beyond the line being broken do you place your entry order ?
[3] where would your s/l have been in the present case (we have the 1.6100 sweet spot about 40-60 pips above the listed break events) ?

Well, when you get a signal you place your trade and PRAY. There is no way you can predict where price is going to go. However, you try to put the odds on your side and hope for the best. Most of the time if you have a trade back into a trend it is going to work. BUT, it may do it right away, 8 hours from now, or even two days from now, maybe never. You just see the signal, look at the trade and say to yourself, "Self, this looks good and go with it." Price will:

1. go for your SL or
2. not go anywhere or
3. at some point go in your direction.

Any one of those places you mentioned would have been good enough if you waited long enough. Then again price could have ....................... but you know, that is trading.