Replies to post #137668 on Simple's Green Room

[simplegreen]

Howdy jav.good chart on E/A..I moved down to M5 and see 2 possibilities..one is it will have a minor baseing period then move back to about 1.4815 and other is that this latest move down is only first wave of selling in the cycle meaning a much deeper dive.For grins&giggles I just took a long on MT4 demo with TP at 1.4808..not used to trading E/A so demo is all I will give it BTW but my guess is the upside move from this area..we shall see if I'm right or wrong.

[simplegreen]

Ok jav..just closed the demo experiment for 26 pips on E/A...M5 Quad Tunnel is getting hit and could stop it short of my TP at 1.4808 I had set...chances are good it may still get there but thats not the way I trade..if I see an obstacle between my profit and my potential profit I take the profit in hand.If Q Tunnel does stall it I can compound my profits by getting back in later.Everyone wants to "look over my shoulder" and this was an example of my methods..the TP area I had set before was just below 61.8 of latest move down so that was my original TP point.If Quad Tunnel had not been in the way I had every confidence that the TP would've been hit>I always take the bird in the hand tho so I took the easy 26 pips..in looking back at M5 E/A as I type it appears I couldve easily hit original TP I set right after entering but I dont lament on early exits...I just enjoy the comfortable profits from a technically sound trade.Of course we know this was only a demo trade but the methods I used are the same on live trades.

[simplegreen]

Final post on the E/A demo experiment jav...its so far come within 2 pips of my original TP of 1.4808 there were 2 obstacles to reaching the 61.8...the Quad Tunnel and at the TP level the SMA200...they are stalling it for now...remember..this is an M5 chart but good pips can be had if chart layout is good..my call was good on entry since its thus far gone up 67.1 pips from bottom..heres the chart..BTW my entry was the bottom green line..my exit on green line up higher and original TP price I set right after entry is the uppermost green line..gorgeous chart huh jav!