The EMA's are being squashed together in the words of Charles Dickens we have great expectations.
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DislikedThe EMA's are being squashed together in the words of Charles Dickens we have great expectations. {image}Ignored
Disliked{quote} I couldn't read the chart today. Didn't get any inference from H1.Ignored
Disliked{quote} RSI divergence on the H1 chart (just about) and price testing the EMA level. Easy in hindsight but not so easy in the moment. {image}Ignored
Disliked{quote} Expand your mind a tadThis target was about 60 pips. Let 60 pips equal 2% of the account. Now we start by risking 2% (60 pips). Then we have options to either reduce the risk by advancing the stop or increasing the prize by adding more lots and advancing the stop. The ability to do the latter depends on your allowed leverage. Of course, had price turned on us we don't have to wait to lose 2%, we can close and change our direction if we have a target to run for. There was a target some 75 pips below. So, we calculate...
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Dislikeddo you still use the 3 entry capital management strategy alan? I am learning your strategy and practicing for the past 3-4 months. poring over the first 200 pages of this thread. Those are posts around the end of 2019. Sometimes when I look at the most recent posts, I see you state the entry in %. So, have you changed a lot since then? If yes, I must try to learn quickly the rest to catch up with you.Ignored
Disliked{quote} Yo boss. The aussie forex leverage rules changed a couple years back and Alan had to modify his trade criteria to go for a few % per day I believe. I am still on 500:1 leverage with an aussie broker strangely enough probably because I am not in oz. Our European rules on leverage are also rubbish. Still aiming for the 100% a day but not there at all yet.Ignored
Dislikeddo you still use the 3 entry capital management strategy alan? I am learning your strategy and practicing for the past 3-4 months. poring over the first 200 pages of this thread. Those are posts around the end of 2019. Sometimes when I look at the most recent posts, I see you state the entry in %. So, have you changed a lot since then? If yes, I must try to learn quickly the rest to catch up with you.Ignored
DislikedFinally made that ABCD on the 4 hour...Glad I didn't hold my breath that long. {image}Ignored