morning .
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Dislikedsame chart as above with result of last trade ( got out well before the top level) .... nice with the trend trades .. this pattern repeats itself a lot .. you dont win them all and dont always get a pullback so miss potential moves but the risk /reward is consistant and suits my part -time trading style as you can set the entry point and let the trade come to you ...
will put more info about managing the trade later if anyone interested .cheers...
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DislikedAre you setting limit orders for entries?
Would a touch on 5 EMA or 20 EMA be considered for entry?
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Dislikedhello chazbo ..
yes i guess there limit orders .. at my spreadbet firm they dont call them that , its just an order ....above or below .
i think a lot of people trade off pullbacks to emas ... but i personally prefer a pullback to s/r areas as its a more solid level where price has reacted before ... i like the 50% retracement of the candle aswell... if they all coincide then great .
[b]in the end if its going to be pullback ..its going to find somewhere to pullback to ... im just finding areas where theres a chance it might...Ignored