Hi Roledice...
If you dont mind, I would like to give my comment on your trade based on my style and perception:
There are few things I would not do:
1. Putting too many stop Loss. Remember to get out fast when you are wrong and stay as long as possible when you were right. Dont let hope and fears play you around in the head especially when you are on the wrong side. In last 2 years I almost always open my trade with the "red" light blinking. (The red light that sign us when the price is already too close to SL).
2. The arrow pointing to a price which is already too far away from coral. Remember the rule on page 1.
3. I would not open a trade that already heading (or too close) to a strong Resistance or support. Especially the R3, R4 or S3, S4 where the price seems already exhausted from climbing and diving. They ussually start the ranging periods at this area before changing direction.
The advantage or should I say the strong point of this PM FX combined with coral is to enable you to buy and sell at the start of the new trend movement. So this strategy will yield more result when it is being used at the end of a trend and start of the new one. In M15, If the trend is already setup and already move about 75-100 pips. Better to stay away and wait for the new trend being formed.
Remember this:
1. Price is the one who move your indicator not the other way around.
2. The chart is controlled by people who put in or pull out their money in or from the market .
3. People can feel fears and hope. They react to news and they need to sleep. They wake up everyday and go to work, open the market and then they put in or pull out their money as a routine job..
4. Now you know when to start your trade...
Btw... I have my losers too... Dont give up.
NG
PS: Watch your chart now, EU m15 is fighting up the coral, wait until the 123 step is being completely drawn to start buy... but watchout for Frankfurt and London Open....
If you dont mind, I would like to give my comment on your trade based on my style and perception:
There are few things I would not do:
1. Putting too many stop Loss. Remember to get out fast when you are wrong and stay as long as possible when you were right. Dont let hope and fears play you around in the head especially when you are on the wrong side. In last 2 years I almost always open my trade with the "red" light blinking. (The red light that sign us when the price is already too close to SL).
2. The arrow pointing to a price which is already too far away from coral. Remember the rule on page 1.
3. I would not open a trade that already heading (or too close) to a strong Resistance or support. Especially the R3, R4 or S3, S4 where the price seems already exhausted from climbing and diving. They ussually start the ranging periods at this area before changing direction.
The advantage or should I say the strong point of this PM FX combined with coral is to enable you to buy and sell at the start of the new trend movement. So this strategy will yield more result when it is being used at the end of a trend and start of the new one. In M15, If the trend is already setup and already move about 75-100 pips. Better to stay away and wait for the new trend being formed.
Remember this:
1. Price is the one who move your indicator not the other way around.
2. The chart is controlled by people who put in or pull out their money in or from the market .
3. People can feel fears and hope. They react to news and they need to sleep. They wake up everyday and go to work, open the market and then they put in or pull out their money as a routine job..
4. Now you know when to start your trade...
Btw... I have my losers too... Dont give up.
NG
PS: Watch your chart now, EU m15 is fighting up the coral, wait until the 123 step is being completely drawn to start buy... but watchout for Frankfurt and London Open....