Tuesday, November 16, 2010

GBPUSD 10 November 2010 Long trade 08:00



THE TRADE I WOULD LIKED TO OF TAKEN
Trade setup, New low, Daily level
Trade entry, close above setup candle high
Order, Market buy at 1.5970
Stop, Sell stop 1.5955
Target, 1.6090
Trade exit, 1.6090

Intraday HTF Chart
60 min shows Daily level
10 min shows setup
Renko shows Entry
240 min FXMAXMAX shows slight long trend

1 comment:

  1. rather than a trade you would have taken do you mean this is the sample trade from the system rules v2.0.0.7? Why not just call it a "backtested or sample trade of version 2.0.0.7" soimething you can refer back to you....if not live and its for practice etc


    Still not clear:
    WHAT TIME?
    note the time...

    Trade setup: 10Min New low, Daily level
    Trade entry: renko 40 close above setup candle
    (the setup candel was on the 10min and the renko did not close above it 15997.... thh renko canlde oyu point to 15970 closed above the previous renko 15965 approx)

    There are no MT3 trade setup and trade entry markings on the renko?. Why not? have you an issue with the chart template?

    Order, Market buy at 1.5970
    Stop, Sell stop 1.5955 WHY 15?
    Target, 1.6090 WHY?
    Trade exit, 1.6090 WHY? TARGET HIT?

    Intraday HTF Chart
    60 min shows Daily level - wrong template then,
    It shows 60days of weekly and monthlky HZ levels via the MT Levels indicator...

    TTF Charts
    10min shows the daily HZ levels for 15days recent
    240 min FXMAXMAX shows slight long trend - Where is the proof? SLIGHT? lets see your picture of slight? what is that term?
    FXMAX MAX UPTREND

    Scrunchb the date series up on the chart up and now look...

    Do you mean weak, moderate, strong uptrend? is that intermediate trend?

    but are we in a correction? a pullback continuation... ? are we near it, underneath it?

    chekc the FXMAX LONG UPTREND -that is a nice strong uptrend...

    get the bigger picture..
    I think you will need to find that we are in a strong uptrend... with a correction over the last 2 ro 3 days- a pefect place and strong enought to trade, check the daily, weekly trend lines, trend channels...

    With trend after pullback to 10Min FXMAX MAX

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