DislikedHi Al, would you consider shorting the EU (after the MA cross of course) with the present angle of the TMA?
Pete
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DislikedHi Al, would you consider shorting the EU (after the MA cross of course) with the present angle of the TMA?
Pete
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DislikedAlorente,
Kudos to you and your generosity in sharing this system. Do you still trade immediately before London Opening if a setup comes along?Ignored
DislikedMy risk/reward for a 15m chart would be 1:2 , but if it dont reach that target i would lock it when it reaches the other side of the band.
I would not risk more than 30 pips on a 15m chart so i would set my SL between 25 to 30 pips a trade.
Yesterday the pairs I traded bounced off the daily pivot so i placed my SL on the other side of the pivot which was around 15 to 30pips SL.
Personally I think a 100 pips SL for a 15M TF is too large. I am not ready to risk that much on 15m but i am ready to risk about 20 to 30pips.
I trade the 1H and the 4H...Ignored
DislikedOk,
First demo trade posted using Al's system...
short from 106.30. SL just above last swing high....
Comments welcome
SRIgnored
DislikedOk,
First demo trade posted using Al's system...
short from 106.30. SL just above last swing high....
Comments welcome
SRIgnored
DislikedAlso, in that trade, Rule 1 never happened, since price never crossed or touched the upper band. It may become a good option soon for a short, since PA has now crossed above the band. It is important also to watch for S/R levels. In this case, PA is now hitting against R1, which makes this a good bet if the MA Cross flashes Red soon. Then the trade would become a very safe one.Ignored
DislikedAlso, in that trade, Rule 1 never happened, since price never crossed or touched the upper band. It may become a good option soon for a short, since PA has now crossed above the band. It is important also to watch for S/R levels. In this case, PA is now hitting against R1, which makes this a good bet if the MA Cross flashes Red soon. Then the trade would become a very safe one.Ignored
DislikedYes. I have my gun cocked and ready for that one, as well as for GbpUsd, AudUsd and UsdCad. To better view the slant of the TMA, maximize the chart. EurUSD is on avery slight uptrend. I consider it almost level at this point. Of course, this can change.Ignored