Is this a Pullback trade?
According to Sir XARD, you will have to wait to buy. On what basis did you conduct SELL Trade?
Sorry if I misunderstood.
Is this a Pullback trade?
Read the white text in my pic. Why wait for buy in a downtrend?kimhyunmin wrote: Thu Jun 16, 2022 3:46 am Is this a Pullback trade?
According to Sir XARD, you will have to wait to buy. On what basis did you conduct SELL Trade?
Sorry if I misunderstood.
I can ask one thing but the stop loss where does it apply? I would not like me to wear it too tightDaveTrader wrote: Thu Jun 16, 2022 3:29 am It is important to wait for the confirmation…crossing ma, sub window indicator is useful also.
Screen shot your trades. Make sure to indicate buy/sell, entry/exit.
If you wait for price to cross the ma, after the 2nd dot, the SL is just above/below the ma….10 pips. If you’re late and/or it gets too far from the ma for your risk comfort, wait for the next dot. Some traders will put SL at the previous swing hi/low. Your account/risk management should determine which.sgarr wrote: Thu Jun 16, 2022 4:17 am I can ask one thing but the stop loss where does it apply? I would not like me to wear it too tight
Because yesterday I have a large square semaphore. Am I misunderstood?Ryd3n wrote: Thu Jun 16, 2022 3:59 am Read the white text in my pic. Why wait for buy in a downtrend?
That blue square is showing a pullback to the “large”ma (200/144). You need to watch price when it gets to the ma and see if it breaks/fakes/ or turns around and continues down. This one looks like a fake out then a continuation of the down trend.kimhyunmin wrote: Thu Jun 16, 2022 6:00 am Because yesterday I have a large square semaphore. Am I misunderstood?
So how do you know if a real uptrend is happening?DaveTrader wrote: Thu Jun 16, 2022 6:13 am That blue square is showing a pullback to the “large”ma (200/144). You need to watch price when it gets to the ma and see if it breaks/fakes/ or turns around and continues down. This one looks like a fake out then a continuation of the down trend.
Taking the buys on the way back up to the ma are ok. But use caution when it gets close to that ma
In this image from XARD, see where he wrote "BIG push move when price breaks T2ma line"?
xard777 wrote: Wed Jun 15, 2022 11:27 pm I will post XU v35 later this weekend.
This way we all can be on the same Pip$ making page.
Xard777
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