Practical Exercise 5: Finding Trade Entry

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  • October 4, 2017 at 12:13 am #2217
    Rob HouseRob House
    Participant

    The Engulfing Candles I choose because the market is trading below the DOR and they are not too big or have large candle wicks on them.  I would sell one pip below the highlighted candle with the arrow above them.

    The Crossover candles I choose again because the market is trading below the DOR.  I would sell one pip below the highlighted candle with the arrows above them.

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    October 5, 2017 at 11:35 am #2223
    Rich FittonRich Fitton
    Keymaster

    Looking good, Rob 🙂 Nice DOR retest and subsequent engulfing candle on your first 15min signal – always helps you take confidence in your entry when you see a number of ‘reasons why’ coming together like that.

    October 12, 2017 at 9:19 am #2232
    Saki Choudhury
    Participant

    Crossover first for me!
    Once the crossover occurred below the DOR at 7.20am this morning I would put in a stop order to sell at 1.18717?

    Engulfing candle at 7.30am below the DOR, sell for me, though it’s not moving to fast, but has agreement with the MAs’! =)

    Hope I’m getting it right.

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