sorry there's no indicator used in this method , for the x time i only say this is spacial complexe movement
100 % signal forex
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Hi Monfleri,
I wanted to ask you something. In all my previous trades I used a pending order for BOTH my FIRST trade as well as my SECOND (reversal) trade. I know that you do NOT recommend using a pending order for the FIRST trade ! Because we must WAIT for the H4 candle to close before entry on the FIRST trade. When H4 closes below the yellow Sell line, it is a confirmation for a safe entry (Sell). I remember that you warned in Oct 2017 that you Don't personally prefer to use pending order for First trade.
But yesterday I decided to use the proper way to take my FIRST trade. So I decided to wait for the H4 candle to close. At 02:00 AM GMT we got a clean Red candle (Sell). It never made a reversal and it had No wicks at its top, as we can see in your picture above. It was the SECOND H4 candle of the day to touch the Yellow line (Sell line). But while I was WAITING for this second H4 candle to CLOSE, by the time it closed, it had already crossed the take profit and its actual closing price was TOO close to our Take Profit
.
I now regret WAITING for the candle to CLOSE because the waiting has caused me to miss the opportunity to Sell
Now I feel like we should Never wait for the H4 candle to close
. What is your opinion ?
I wanted to ask you something. In all my previous trades I used a pending order for BOTH my FIRST trade as well as my SECOND (reversal) trade. I know that you do NOT recommend using a pending order for the FIRST trade ! Because we must WAIT for the H4 candle to close before entry on the FIRST trade. When H4 closes below the yellow Sell line, it is a confirmation for a safe entry (Sell). I remember that you warned in Oct 2017 that you Don't personally prefer to use pending order for First trade.
But yesterday I decided to use the proper way to take my FIRST trade. So I decided to wait for the H4 candle to close. At 02:00 AM GMT we got a clean Red candle (Sell). It never made a reversal and it had No wicks at its top, as we can see in your picture above. It was the SECOND H4 candle of the day to touch the Yellow line (Sell line). But while I was WAITING for this second H4 candle to CLOSE, by the time it closed, it had already crossed the take profit and its actual closing price was TOO close to our Take Profit
.I now regret WAITING for the candle to CLOSE because the waiting has caused me to miss the opportunity to Sell
Now I feel like we should Never wait for the H4 candle to close
. What is your opinion ?
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Hi Monfleri,
I wanted to ask you something. In all my previous trades I used a pending order for BOTH my FIRST trade as well as my SECOND (reversal) trade. I know that you do NOT recommend using a pending order for the FIRST trade ! Because we must WAIT for the H4 candle to close before entry on the FIRST trade. When H4 closes below the yellow Sell line, it is a confirmation for a safe entry (Sell). I remember that you warned in Oct 2017 that you Don't personally prefer to use pending order for First trade.
But yesterday I decided to use the proper way to take my FIRST trade. So I decided to wait for the H4 candle to close. At 02:00 AM GMT we got a clean Red candle (Sell). It never made a reversal and it had No wicks at its top, as we can see in your picture above. It was the SECOND H4 candle of the day to touch the Yellow line (Sell line). But while I was WAITING for this second H4 candle to CLOSE, by the time it closed, it had already crossed the take profit and its actual closing price was TOO close to our Take Profit
I now regret WAITING for the candle to CLOSE because the waiting has caused me to miss the opportunity to Sell
Now I feel like we should Never wait for the H4 candle to close
some rule changed since that time , there's no need to wait closing candle H4 like before that was since about 6 year , now you have to enter trade when line yellow touched and place your sl and reversal pending order if market reverse
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This sounds PERFECT. It is the way I was already feeling about the entry. Thank you very much
.
