I am not sure i did receive email with entry explanation but I do not see it here the actual comment. Thanks a lot i will have a look closely to try to learn your approach because i am learning anyway :)
TerryHarmonicTrading
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@lubk, I am learning too. I am not a guru, just a passionate trader who has had a great year so far.
lubk
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Hi Terry, is not quite clear for me what exactly you did or you did't. For me i did wait for the first bearish red candle and i did enter the market did't even go pass the max stop loss area why did you cancel the order. I didi not place the pending order, just once passed the D i start looking for bearish candle with abnormal volume as well. what have i done wrong please. Thanks for the analysis
TerryHarmonicTrading
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@lubk, hey lubk. Let me share with you how I enter my trades.
As written in my analysis up there, I never ever use pending orders.
A few rules I follow very strictly in my rulebook.
1. Always wait for the PRZ level to be tested first. If it is a range, wait for the ENTIRE PRZ range to be tested first. In this case, the 0.76 was never challenged until that big green bar that completed.
2. After the range is tested, wait for abnormal volume. Either super high which closes weak, or super which closes weak is perfect.
Please refer to this chart below for reference. Feel free to clarify your qns with me.
TerryHarmonicTrading
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@lubk, the mistake you made here is not waiting for the entire prz zone to be testing first. 0.76 was the trigger number. If price did not touch this level, there should not be any trade in the first place. No problem, glad I could be of some help on the good trade which I made.