Today I was a little bit too late at a trade. I used a limit stop, the price came back, triggered at 00 and I made 5 pips. No entry or a good one.
![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
As simple as possible: RENKO M5 trading 75 replies
Trading is this Simple? Finally Explained simple and clearly! 46 replies
Simple Level Trading 1 reply
Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies
DislikedToday I was a little bit too late at a trade. I used a limit stop, the price came back, triggered at 00 and I made 5 pips. No entry or a good one.Ignored
Disliked{quote} ok I'll explain.. for easy viewing here the GJ 1H chart {image} the previous hour was green and closed @ 171.633 as the D1 = red means we only trade short first 00 level is the 171.600, so there the pending order should have been set... not at 171.500 !! here we ignore the ADR as we should not be trading as ADR was already reached.. hope that makes it clearUdine
Ignored
Disliked{quote} i would have waited fo the next hour glad you got the 5 pips though.. UdineIgnored
Disliked{quote} My one seems to be messed up since I needed to restart the terminal. But I don't mind, I'll not give up too much profit of the day but may win another 0,5%. I feel good with this one after the retrace. Now out, mowing some grass. Back in 2 hours.Ignored
Disliked{quote} ahh, is that because the CURRENT candle state would be red if it dropped below 171.63 so no matter what you set the order below the current price, previous candle red or green is a bit irrelevant, its the close price you are looking at. I didn't quite get that initially, I thought prev candle had to be red as well to get extra confirmation.Ignored
Disliked{quote} But if you took the trade in time, it is the same trade - or ?Ignored
Disliked{quote} the previous 1H green candle closed at 171.633, the next candle opened @ 171.633 the D1 candle is red so you know you only trade SHORT.., so you know the next 00 level for a possible short trade is 171.600 when prices goes down to 171.600, the 1H candle is automatically red... like magic.... you can anticipate the trades... its that simple.. I cannot explain it more simple.. You only take in account the present situation, not the past.. UdineIgnored
Disliked{quote} the previous 1H green candle closed at 171.633, the next candle opened @ 171.633 the D1 candle is red so you know you only trade SHORT.., so you know the next 00 level for a possible short trade is 171.600 when prices goes down to 171.600, the 1H candle is automatically red... like magic.... you can anticipate the trades... its that simple.. I cannot explain it more simple.. You only take in account the present situation, not the past.. UdineIgnored
Disliked{quote} Well udine.... I would like to give you the golden medal for your patienceI think you are explaining this the 20th time since you opened the thread
Ignored
Disliked{quote} Sorry that I ask again. Isnt a Limit Order no pending order?Ignored
DislikedThank you. Any one might be able to answer, why not shoot for 10 pips rather than 5, there seem to be lots of level to level moves. Less spread give up ?Ignored
DislikedHi Folks, One member requested the turkish translation of Udine's word document containing the rules. I just finished the translation (must apologize, as I am not a professional translator I tried my best) and I am sharing it now, hope it helps all turkish members who have trouble with understanding the basic rules. Enjoy & Stay Green.. {file}Ignored
Disliked{quote} Well udine.... I would like to give you the golden medal for your patienceI think you are explaining this the 20th time since you opened the thread
Ignored