being missing good trades all week... missed this engulf entry on gold, so got in on a retrace... quick 217 pips
tradewith60
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Dislikedbeing missing good trades all week... missed this engulf entry on gold, so got in on a retrace... quick 217 pipsIgnored
DislikedVery nice!
Missed that one...
Btw, what is the other MA on your chart? Do you use it for entry decisions?Ignored
DislikedI have been working on a new System... not 100% there yet but it looks real tasty, same principles but just different entry.Ignored
Disliked2 running live trades in the moment...
AUD/USD for +41 pips (+27 pips locked) and AUD/JPY for +71 pips (+48 pips locked). Will trail SL behind previous H1 candles.
Anyway, profit of +75 pips is locked already...another awesome day. The money is rolling in...Ignored
DislikedUPDATE: Closed AUD/USD for +43 pips, price was stalling at a previous H4 swing point/s+r level. AUD/JPY still running...+66 in the moment...Ignored
DislikedHi Olarion ,
Congrats on the winners! What were the results in terms of R?Ignored
DislikedHi fisheggs,
thank you.
AUD/USD: r/r = 1:5.4 (8 pips SL)
AUD/JPY: r/r = 1:5.0 (12 pips SL)Ignored
DislikedNow THAT is awesome!
So you are up over 10 R today?
Have you been keeping a record of winners versus losers and the average R? Apologies for the questions or if I come across as nosey, just want to get a handle on the expected results before I get back testing over X-mas.
Thanks in advanceIgnored
Dislikedfor countertrend you have to know how S/R cycles work and how to draw proper S/R...and I haven't seen anyone on here come close.Ignored
DislikedHi 60mm
London here.
Ive been reading your thread and saw that you havent seen proper S/R. I think this is my weak point - the chart looks too messy after i have finished. Do you have any tips ?
Do you look for a min/max number of touches ?
ThanksIgnored
DislikedJust closed another 2 trades on GBP/JPY and GBP/USD for +21 pips and +13 pips.
I closed them manually, price was stalling and it's Friday!
Have a nice weekend and happy christmas to everyone!
Cheers,
OlarionIgnored
DislikedOlarion1975 what pairs are you watching/ trading ? Only 1-4 hour tf ?Ignored
Dislikedits a whole new thread to explain it, but i can give you some simple pointers...
First... real s/r is present at the high and low of candles...
So pull up EU daily chart and mark the highs/lows of the most recent days either side of price...(see mt EU dailychart) then switch to H1...
Then you could do the same on weekly and watch it on daily or H4... depends on how you want to trade.
So if the high and low are s/r and the candle closed down... which extreme is more likely to be broken next?...Ignored
DislikedI trade AudCad, AudChf, AudJpy, AudUsd, ChfJpy, CadJpy, EurAud, EurCad, EurJpy, EurUsd, GbpAud, GbpChf, GbpJpy, GbpUsd, NzdJpy, NzdUsd, UsdCad, UsdChf, UsdJpy, Gold (XauUsd), Silver (XagUsd).
Only H1 and H4.Ignored
DislikedWow, that is a lot of pairs to watch.
Two questions,
1/ I would think that the spread would be pretty large on some of those pairs, which makes the entry price a consideration?
2/ With 21 pairs to scan through what makes you choose one pair over another?
I generally find that if I scan through, 3 or 4 pairs (eurusd, gbpusd, audusd, eurjpy) I can find a good trade, and with these the spread is low
I am starting to look at gold, the spread is a bit higher, but the moves are significant.
How do others choose what to trade?Ignored