Glen,
You are making a very good point here...when you trade a daily chart, are your settings different? And would you place your trade at the close of New Your session?
Thanks,
CanuckCT
You are making a very good point here...when you trade a daily chart, are your settings different? And would you place your trade at the close of New Your session?
Thanks,
CanuckCT
DislikedThankyou for your comments.
I agree with your comments re: Daily/4hr on the G/J and I would discourage anyone new or with limited experince from trading this pair and would sujest they look at the eur/usd, gbp/usd or the aud/usd......where a SL of 50 pips will be fine.....
Of course if you use the Murry math lines you can set your Sl above the 4/8 or 8/8 lines and that should be ok......
When i trade off the dailies i dont use a SL at all......in the last 8 days the G/Y has fallen some 875 pips... and in the last 3 days the Aud/Usd has gone up some 255 pips on its way to 90.00cents plus...and the G/U some fall of 338 pips....
So there is very much a good profit to be made with the slower moving pairs....You should have a look at your stocth setup on a daily you maybe suprise at how clear the signals are .
GlennIgnored