short from 206.17, TPd out at 205.50
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DislikedAwesome job Kujo ! I booked a few pips off the 204.00 area when she came down this morning and noticed their was some small resistance there.I do have one question on the qqe indicator that i downloaded tonight. Do you normally wait till the line crosses over or under the 50 line on the 5 min chart before entering.I did get in a little earlier because of the resistance there.Please keep posting i'm enjoying this.
Take care,TexIgnored
Dislikedclose on all of them.
When the 10/20 cross, it's like a 5sma cross, only safer trade.
Then, when the 10/20 cross the 50, you're good to go even more.
Just later confirmation. Less in/out.
Then I use Fibs and TLs, both Horizontal and highs/lows.
When certain areas break on a close, I'll enter.
Hold the trade until a certain area, exit, etc.....
Can't explain it all.
Biggest thing is to know where strong S/R areas are.
Use them for confirmation and or Targets.
kjIgnored
DislikedKujo can correct me if i'm wrong here. I'm sure he uses the 10,20 simple to close and when they cross up or down that is a better confirmation.Allways remember all indicators are lagging and i've used quiet a few lately.. they provide good structure...don't depend on them soley.The trendlines ,S&R,fibs ,horizontal lines are really important.This pair can really volitale and it can move any direction with all indicators lining up. Allways try to trade in direction of the 50sma.Look for breaks, retracements around s&r lines,TL's and fibs.On trendlines look for candle or wicks angling up and down in a line touching and watching for a break.This is what i'm doing anyway.Ignored