Thank you again, everyone, for your help and kindness.DaveTrader wrote: Mon Dec 09, 2024 5:33 am This can be one of the toughest part.
As stated by others, if you got in that move early enough you probably have good pips and there is no shame in taking profit.
In a different scenario, you just turned on the chart and this is what you see. Do you now look for sells only? Now would be the time to consider market structure…draw some trend lines if needed. How do your MA’s look(candle color)? big gap? shrinking? retesting? checking what higher time frames are showing.
There are a lot of pips to be made as price moves a SquareArrow in your direction. You need to do what you can to see that an entry agrees with the major trend and most likely wait for a pullback to play out. I’ll say it again, what are the MA’s doing. Never overlook the MA’s.
Generally speaking, I will only enter a pullback trade with a Sqaure/Arow/Arrow semafor pattern. I will take entries with the trend on Square/Big Dot/Big Dot semafor pattern. All other parameters must be met, of course.
DaveTrader, when you mention: "Generally speaking, I will only enter a pullback trade with a Square/Arrow/Arrow semafor pattern,"
are you referring to the pattern I’ve drawn in the image below?
However, forgive me, but I didn’t fully understand what you meant about: "I will take entries with the trend on Square/Big Dot/Big Dot semafor pattern."
Do you mean that you also wait for a pullback, but one formed with the big dots, like in the second diagram I’ve drawn below?
I apologize in advance if my questions seem silly, but I really want to understand this system as much as possible.
Thank you in advance, and I wish you an excellent day!
