Actividad J ‘Nutrición en plantas’

Since we already have an image up, might itself use that to post further dissection of H1 entries...

See the left most period separator?? ( the horizontal gray line on ur left ). The third candle from that was the entry for a buy on Tuesday. Friday and Mondays candle were submerged without any momentum hence the lousy trade opportunities. Still it would not have cost you pips had you just followed the Communist Doctrine. you would have still made 40 or so pips and It gave you plenty of time to cut off without a loss.

See Wednesday, the space between the 2nd and 3rd period seperators...if you had waited for a buy then you did not get an entry signal on H1. So you dont buy. Had you waited for a few pips like me, you would have went short on the 17th candle from the second period separator. Got you some nice pips there.

So then todays trade has been concluded. It takes some practice but its a good way to increase your equity massively cause you can see the good ones from the bad trades easily with price action. And you can hold for BE if you made mistakes.

Another very very very important tip when trading.

Regardless what TF you are trading, always wait for the candle to close before assuming anything.

Do not enter before a candle has concluded thinking that you are going to catch a price at an earlier level and make a few more pips in the process.

A candle that pulls back all the way to the opening price can always shoot back up and end as a very strong full bodied candle.

The same applies to SLs or cutting a trade when you are at a loss. I know this is easier said then done but most of the time, the prices comes back closer to your entry price as the candle finishes.

So there you go.

ALWAYS WAIT FOR IT TO FINISH!. Then decide on the next opening hour on what we going to do.

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AU D TF

AU H1 TF

Red arrow would be the hour that this trade should have gone in. This would have been a smaller risk trade as there is no valid candle formation on D TF. But its still safe as the previous candle shows that its running out of steam and other USD pair correlates to show a fall.

If we had entered on the hour shown by the red candle, the yellow line would have been our entry and the yellow line at the top would have been the SL, which also turned out to be HH for the day.

Now its interesting to note how my SL has become so big now by entering where I did. The SL will still remain at the peak of todays HH as there is no other clear wave on H1 TF. That is why I keep telling newbies never enter a trade in the middle. Avoid entering a trade if you have missed the boat.

I get away with 10% risk and much much more than that because I never take trades in between. If I am so very tempted and my fingers are itchified to grab a few pips in the middle, then I drop my risk to less then 5%. It increases ur SL, shortens your TP amount and if it goes against you, it takes too much from your account.

5 hours into the trade I could move it to BE safely as we can see a sort of a pull back and a wave forming before prices continued south. That incidentally was my new SL, at BE after 5 hours of holding.

So I hope there is another pointer on picking SL.

GU H1

Its struggling there but just to point out how we ignore all entries that dont follow bias and only take the ones that are with bias on D TF.

Check trades once every hour. Simple as that.

EU H1 TF.

SL could have been as low as 9 pips.

And it doesnt get any clearer on H1 entries.

Watch the pull back. Then the next candle that signals what I dont know, but it shows that price is not going up.

Then the next opening candle just flies south

70 - 80 pips in 2 hours. No Draw Downs. 20% risk on that would have been sweet.

EU H1

Z Arrows marking clear opportunity candles.

Thumbs marking what looked like opportunity but was not.

I skipped the thumb entry yesterday because it was between asian and UK start. It always doesnt pay trading those hours. So I waited for another signal

Not sure of the D TF bias so reduce risk by reducing lots and still make some money. Mind you I only took that one trade for the day. It pays not to be greedy.

Finish the day then let it do what it wants. Wait for next D TF Candle. Market will move up and down. Cant catch it all.

EURAUD H1

Exotic pair, high spread ( 7 pips ). Very good pip load. Holding total 250 pips now.

Look at its D TF chart. Would be silly not to short this one even though I dont trade exotic pairings.

(p/s first time holding 300 pips with big lots. Hahahaha even looking at it is tempting me to cut and take! )

EU H1

Two entries given for the day on H1. First one was for a sell, SL was about 30 plus pips. Second was for a buy. SL was again about 30 pips.

If we had gone for the sell without bias confirmation then we would have had a loosing trade today. That happens to everyone who trades. Bad calls that hit SL. What would have been worst had we taken the sell is the chance of missing the buy entry also.

EU H1

Both the blue lines are SL and TP for a sell as per wave.

Green lines are SL and TP for buy as per wave.

The yellow line in the middle would have been the entry for either buy or sell. Note that we would wait for the price pull back candle to be over before waiting for entry on the new hour.

EU Min 15.

Just as an idea how things look on a smaller TF.

Rare Asian trade.

GU H1.

Entry was late by about 10 or 12 pips.

Yellow is SL, Blue is TP. At the moment at 23 pips, will move SL to BE.

GU H1 TF

GU D TF

Time to cut and run.

The yellow was the TP.

Hanging on the 40 plus range and the other pairs dont seem healthy.

Its all in the waves. Every type of entry and exits are based on waves.

No matter what System you trade or what TF you trade, its all in the waves. Learn how to read waves and you will rarely loose to the market.

Learn how to read waves and you can look at any system and understand how to use it.

Learn how to read waves and you will know which trades to take and which to let go.

GU D TF

GU H4 TF

GU H1 TF

Please pay attention to the yellow line. That is all there is to it.

Many would have read at some point somewhere that when resistance is broken it becomes support. Support is broken it becomes resistance.

GU H1.

Always wait for the H1 candle to be over.

In the example above it went above the first line, hit yesterdays resistance on the second upper yellow line and down it goes.

Also observe how support on Wednesday was broken and became Thursdays Resistance.

Same level became Fridays NFP resistance level.

Entry on the above was too early. Could have made SL lower then 10 pips. SL at the moment is about 17.

News, no news, it always goes by waves.

AU H1 TF

The thick continuous red line at the bottom is where price bounced before this. Clear bounce. Price broke through that level, so resistance is broken, then shoots up and pulls back to test that line again as support. Bounces that line again and shoots right up.

In between of looking at GU, EU, AU and Kiwi yesterday I decided to sell EU because of how the charts look like. EU had the strongest pull back of all 4, Kiwi had none at all.

I took 43 pips on EU sell.

The reason why I skipped AU is because where the price reversal took place. It was higher then yesterdays high. So to me that signals that something is wrong. Its suppose to go by wave remember?? This wave broke the continuation of that wave pattern.

So I skipped.

The red dotted line is where you should have ideally sold. You got more than 4 opportunities to get out of the trade at BE in 7 hours.

That is as safe as its going to get.

I bought Kiwi later in the evening for US session. Didnt get as much as AU gave but still 40 pips is good enough.

Kiwi H1 TF

I dont use trendlines often, but this is the reason why I choose to buy Kiwi of all the other pairs yesterday evening.

Please note the two lines are markers of previous support and resistance areas.

Price broke the down trendline, did a picture perfect pullback to the resistance which was broken and on retesting has become support.

In with big lots, SL about 15 pips.

As it happened, AU gave more, but then its reasons for me to buy were not as good as Kiwi. We take whats the most ideal setups.

If you are not sure, then skip it.

Ours is not a trading system per see. Its reading price. So in order for it to be very profitable, we must be ale to make discretionary decisions which will maximize our returns.

EU H1.

Resistance breaks and becomes support. Prices bounce of support and 50 pips in 30 minutes.