DislikedGetting closer ............. {image} Don't worry its ok the recent swing low will hold up price ..... hehe ... are you sure? Masterrmind............Ignored
Masterrmind.............
Master your Mind then Master your Trades
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DislikedGetting closer ............. {image} Don't worry its ok the recent swing low will hold up price ..... hehe ... are you sure? Masterrmind............Ignored
DislikedFrom following price action on the chart what 2 things were the most powerful? Masterrmind............Ignored
Disliked{quote} Goodness me the class is asleep today! Answer: 1. Pivot Point and 2. Recent swing low Masterrmind............Ignored
Disliked{quote} Based on the price action of the chart what would be the preferred course of action should price reach the pivot point (the blue horizontal line) again? Masterrmind.............Ignored
DislikedBased on the price action shown on the chart below what course of action would you recommend if you had to leave the platform for the night? {image} Masterrmind............ :nerd:Ignored
Disliked{quote} What about if the chart now looks like this: {image} You need to be aware of the possibility that price could respect the trendline even though it did not on the previous bearish candle! Masterrmind........... :nerd:Ignored
DislikedThank you for your time and explanations Masterrmind. I alwasy review all my trades as you say. In my opinion it's a bit too risky to leave those orders open overnight. They are placed in an area which seems to hold the price in the short term.Ignored
Disliked{quote} Post 870 mentioned a few points about what I would do if it was a live account in particular closing out half the trades and reducing the TPs to about 10 pips or so under the pivot. Price would have almost hit that level. Now that the trades are still running except for 8 from the EURCHF pair its time to readjust the TPs and the SLs so they fit with the current chart! On the EJ pair stops adjusted slightly higher but TPs left where they were as no immediate need to alter them. {image} Note: EURCHF is fine the way it is! {image} Note: With...Ignored
DislikedEURJPY [M15; 10 - manual] {image} Price has now moved up nicely ......... but will it keep pushing up or start to retrace? Masterrmind..........Ignored
DislikedEJ cycle {image} Price has pushed up again so you have the following choices 1. leave it to run its course 2. close out all trades now 3. close out half the trades and tighten up the stops on the remaining trades Keep in mind that price has moved up again to test today's recent highs! Masterrmind...........Ignored
Disliked{quote} The longer it takes price to break up through the R1 level 123.528 what do you think is most likely to happen? Based on this answer what should you do? Masterrmind............ :nerd:Ignored