the 30 M trend is up as shown by major trend line. the trade we can take will be counter trend so we will be in hurry to take profit but likely target is major trend line
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DislikedIn my opinion, 5m trading requires a lot of concentration. Indicators work but not to determine entry and exits.
Good trading.Ignored
DislikedA stop & reverse can work well with EURUSD when you're trading a 15 pip stop (adjust for current volatility) even if you only use it to claim back some of your losses.
Need to keep an eye on the news but you can range trade the quieter times and look for breakouts on news or global market opens. Keep in mind the news needs to show something new. In line with expectations can lead to continued chop.Ignored
DislikedNice observation but please post chart and evidence for such observation. thanksIgnored
DislikedHere's an example. We were looking to buy the break of the high in the hopes of a continuation but the market got choppy and went straight back down. We got stopped out and immediately reversed the trade taking back our 1R loss.Ignored
Dislikedyou reverse your position only after loss or even after profit. if your loss is 1R then PT must 2R or 3R. so how you handle this concept. is your system is SAR or SAR is used as technique within system or it is used as MM technique.
Can you please elaborate your idea and concept of trading this TF and what kind of MM you follow to be profitableIgnored