Thread: Easy entry system: coloured candles

93856

Originally Posted by ;

Hello Kraven,
Eventhough this is my first post in this forum, I am looking it for quite a while. I entered a trade at AU yesterday. Red dotted line is the entrance line and the white arrow indies the candle which I chose to input. It went against me, hit the sl. Since you are more familiar with the procedure could you shed any light.

Nothing to do with the procedure which had many retraces and opp's to input the trend during the past couple of days. More a general trading item, in and around London near where (tradeable under different approaches ) reversals to trend frequently occur.

93856

Originally Posted by ;

Hello Kraven,
Eventhough this is my very first post in this forum, I am looking it for quite some time. I entered a trade at AU yesterday. Red dotted line is the entry line and the arrow indies the candle. It went hit on the sl. Since you're more acquainted with the method could you shed some light.

Why did you put in at that candle? You're able to observe the movement had been in play there was no great pullback, just a retracement once you entered.
I could understand if you entered the candle that pulled up to the dots (red candle reddish dot pullback). See my next article

93856 GU no bets today, 4hr apartment with blended candles to dots and no entrances on 15min however EU is a fantastic trading pair again today. Nice down move on 4hr therefore sells.
I have mentioned previously about re-entering when candles pullback to dots. Today was a fantastic example.
First entrance I had been hasty and dropped -17pips, the second I just wanted my pips back and got 16 that was a fantastic call in hindsight, the third (great example of a re-entry into the dots) got me 27 (though the move went over 40) and I missed the re-entry to dots circled

93856Damn! I post to show the one I missed and it drops like a rock

93856still no Entrance on 4hr GU

1 Entrance early on EU Dropped -10, last Entrance EU Obtained 34 (sl10)

93856Yes, that has been a good entrance on E/U. I entered a bit of a drop after a quiet European session. I have taken 2/4 in 16 pips, 1/4 in 39 and 1/4 is floating.

93856 just an eduional pic. .

93856 was not planning to post but we got our pullback into the dots but it was on the GU that got there (I only do EU and GU)

93856No admissions on G/U or even E/U for me today. They both had gone when I got on the computer. I tried one entrance on U/J, so I snapped at BE but it did not go anywhere. I see it is setting up again, however as I don't know this pair too well and it seems like the majority of the move is over, I think I will stick out.

93856i had 38pips in the bag, bottled and bailed for 24 (went out). See it would have struck my TP then and 40 some. . .never mind