Indeed if hold for longer, even when daily range is not that big (today it's only about 60 pips so far), and fine tune entries, potential profits are absolutely enormous...
This set up on 15 mins means hold the 1 min for longer than normal. 30 pips in about 10 mins. But remember what I said - evolve slowly. Don't beat yourself up. You have the balls to run a thread - that's why I came to help. Bit of finetuning and you'll be a trading monster. Always speak in positive terms to yourself.
Was seeing a long around 17, didn't take it for now though, cause it's not actually in my plan yet, so getting used to them...
Thank you so much yoohoo, you really encourage me to improve! Feels like I have got a gift from God! Will evolve slowly as you adviced to keep all things incorporated in my trading with enough understanding of PA and deepness...
Do you understand a Key Reversal? You had one on the 1 min barchart (at least on mine). If you are aggressive you could risks anticipation - especially if the pip bag is full. If not - hit the mouse at 12. This is a must-take signal.
Yes I see a very clear engulfing on 1min, which would also make a perfect key reversal or hammer on 2min... Will look closer at those around important S/R areas (like in the last case - channel)...
my pleasure - I've enjoyed your thread. Most in ET can't turn a profit - you're one of the few who can. Those who can are often unteachable and never improve. I'd expect your income to more than double by the end of this month. Enjoy
Want to make sure that signal is clear. Different data vendors means your might be different. Remember I said respect channels in the Eur? Well all you had to do was hit the mouse when you saw the reaction. Fear is removed when the bag is full of pips - try this from a position of strength first. You said you had a channel in the hourly. Hourly with a 1 min channel - it's an ATM! The Key Reversal is a late signal in this case because of the channel. But it's a great reversal/entry signal on S&R -play it.
Yes, my reversal bar is looking exactly the same. I hear you! Indeed, if you enter early you're ITM fast and no worries then... Not even speaking of far better R/R and overall profit. Yes I sure will study and play it, because see very strong logic behind such a setup - confluence of bigger time frame channel and a short term proof of respect of it on small TF...