[bakrob99]

Originally Posted by TheRumpledOne »

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6375

GO LONG.

SEE PROFIT.

DO YOU SEE A PATTERN?

Not really. What I see is if you went long at the first opportunity at the Line you talked about, then you would have had an MAE much larger than the MFE in the trade. And if you had waited to see if the move materialized in your favour you would be stopped for a loss. So, come on Avery, money management is key. And you are not offering any advice on what your money management, stop loss, take profit levels are.

[TheRumpledOne]

Originally Posted by bakrob99 »

Not really. What I see is if you went long at the first opportunity at the Line you talked about, then you would have had an MAE much larger than the MFE in the trade. And if you had waited to see if the move materialized in your favour you would be stopped for a loss. So, come on Avery, money management is key. And you are not offering any advice on what your money management, stop loss, take profit levels are.

Are you looking at the last (rightmost) green candle? HIGH minus 0.6375 is GREATER THAN 0.6375 minus LOW. So I am not sure how you reached your conclusion.

You are correct, I haven't said anything about risk/money management. Perhaps, if I had NOT been distracted by people attacking me, I could have presented risk/money management by now. I have covered that subject in other forums.

But if you THINK about it, your worse case stop would be the next horizontal line.

If you go long at 0.6375 and price started to drop, the candle would soon turn RED and then, if it keeps dropping, it would cross a horizontal line at 0.6350.

You should probably exit after the candle turns RED.

Understand?

[bakrob99]

I'll look at it again.

[TheRumpledOne]

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6400

GO LONG.

SEE PROFIT.

[TheRumpledOne]

The ship has sailed.

0.6425 is NOT an entry.

0.6400 was the entry.

[sevensa]

Originally Posted by TheRumpledOne »

Not every person can learn from the same teacher. If NO ONE learned from me, then I would look in the mirror for the source of the problem. But since many people have learned and are learning from me, I suggest that YOU look in the mirror for the source of the problem.

KIWI, do me a favor and just LEAVE ME ALONE.

SoulTrader, please handle KIWI if s/he continues to harass me. Thank you.

Since you have been banned from pretty much any forum out there, maybe this is time for you to pull out that mirror and take responsibility?

[TheRumpledOne]

It's funny how often this works.

[Hlm]

Originally Posted by TheRumpledOne »

The ship has sailed.

0.6425 is NOT an entry.

0.6400 was the entry.

I just want to clarify...

0.6400 was the entry at which time one takes profit a few pips later (not to get greedy since it's scalping as you said before).
0.6425 and 0.6450 were not entries because the ship had sailed.

Why the second screen shot with price above 0.6450 if one was already out a few pips above 0.6400 and no entry was taken at 0.6425 on the same H1 bar?

Also, by your rules you should wait for at least three red H1 bars before taking a reversal so one wouldn't have even taken an entry at 0.6400 right?

Please correct me if anything above is incorrect.

How do you gauge when to take profit?
What is the average amount?
How do you gauge your stop?
What is the average amount?

In my opinion, in order to be taken seriously with their strategy, one must answer these questions. Entries are only one peice of the puzzle. I'm looking forward to your responses (in all seriousness).