Trading Tools – Entry Points


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  • #883
    John Steedman
    Participant

    Hi,

    27May, 28May, 29May DOR marked up on attached chart.

    Engulfing candles – 27May 1800 Buy, 2100 Sell, 2215, Buy, 2315 Sell, 2345 Sell, 0130 Buy.
    28May 1515 Buy, 1630 Sell, 1730 Sell, 1745 Buy, 1830 Sell.
    29May 1215 Buy, 1315 Sell, 1500 Sell, 1630 Buy.

    5 EMA, 14 EMA – 29May 1215 Buy, 1355 Buy, pending 1645 Buy, 1515 Sell.

    Cheers,

    John.

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    #885
    Rich FittonRich Fitton
    Keymaster

    Hi John, all looking good 🙂

    #904
    John Murphy
    Participant

    Using AUDUSD on 26 27 & 28 may. First diagram shows 2 engulfing sell candles on DOR (horizontal lines show entry point, 1st seems to re-trace pretty quickly so may not have been too successful but 2nd is a good strong sell) and 2nd diagram shows crossover of 5 and 14 EMA

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    #912
    Rich FittonRich Fitton
    Keymaster

    Hi John, looking good. That first entry in AUDUSD 15min came after that strong push down, looks like the market had already expended its downside momentum that day in targeting the 0.77300 area.

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