Yes, I agree with Doji on this issue... I, too, have had situations more than once when for some reason I missed entering a trade at a good price. In these cases, I usually place a pending order at the price at which I would like to enter (which I missed). Quite often the price returns and hits this order. That's how I opened a short position on Friday at 1984.50. As you can see, the price was moving down quite sharply, and when Orbit showed the possibility of entering, it was already around 1979. I didn’t want to enter at that price, so I set a Sell Limit at 1984.5 and went to sleep. In the morning I woke up and saw that the price had returned and opened a position.ForexFux wrote: Mon Nov 20, 2023 4:16 am @Implant: I appreciate your and Dave's effort to translate Samm's theoretical model into a more practical approach. I know that Samm tries his best to explain everything as easy as he can, but even as someone who studied business economics with lectures in statistics, math, and econometrics it's often hard to understand.
I have a rather practical questions. When gold is in an uptrend, and we have a point to point match after a retacement/FSE. Gold then shows for example a whitehead low and the screenface a cmd1 buy, but I'm not in front of the computer. How long after the buy signal is it a good idea to take a late entry? What is a warning sign on the screen face that it's too late? When kso n-6n is at amplitude+?
Conclusion - don’t be afraid to be late to enter the market, make sure that everything worked out as you expected and only after that open a position. Don't regret a few missed pips, always think that it is better to enter with confidence and certainty than at a better price. The market will not run away from you, even if you do not enter today, you will do so tomorrow. You still won’t earn all the money
