Im quite new to trading so nobody should take this idea as a advice or something, Im more interested what your oppinions about that.
What I see is a Perfected 9 (would be a sell signal) followed by an 1-4 intervalls Pullback which could probably lead to another Bullrun to new ATs (this is an explenation often used by Tone Vays.
What I do is to wait until the current candle finished in 15minutes, and if there is something like a Hammer I enter a Long Position as shown.
What do you guys think about that?
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Ignore the TD Sequential 2 Report down there, the Buy / Sells shown in the graph are just a test, so this has nothing to say.
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Also to say that the Weekly TD Indicator shows still a Bulltrend for some more weeks, this Week we should go up a bit higher before the week finishes.
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There is something like a Doji, maybe its to early but I am going to get into this trade.
Lets see how this goes, the Stoploss is quite near to the entry so its a lower risk/reward trade and the loss is not that big if it doesnt go the directionn I want it to go.
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Actually in the 1 Hour Timeframe it looks even better,
(Ignore that Buy signal)
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Does not look good, in $ the SL got hit so the Trade should be over, nevertheless as Im trading in € it got not hit there yet so im still in for now.
It's dangerous to be buying right now. Check out the 4hr chart. All Bearish candles. Be careful. Im selling right now.
kremsy
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@AlphonsoElliottJr., Thanks for your oppinion, I think you probably beright
What I see on the 4 hour Chart:
- The TD Indicator showed a Perfected 9 followed by 4 Bearish Candles followed by a Doji which could mean a reversal (correct me if im wrong), if the next candle is bearish its definitly obsolete and the Trade gets invalidated and probably hits the stop loss.