DislikedThis pair also looks like consolidating nicely. What is your direction bias?Ignored
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DislikedThis pair also looks like consolidating nicely. What is your direction bias?Ignored
DislikedHey LG and others, I know it's a basic question and probably was answered on page 500, but here it is:
Where do you put your SL on 1H BO, especially the evening/Asian ones?
I was thinking at the bottom of the channel, as there is sometimes a retest, then continuation, but often that's 40-50 or more pips away... Would that be still reasonable for a BO trade?
I do use at least 50 for 3T trades to let them breathe, but how do you guys do it for 1H BOs? (I know LG doesn't use much SL, but still curious...)
Wonder if Whistle and the gang has done...Ignored
Disliked@Whistlepips Here is my outlook on EU on a daily chart. I could be wrong.
CheersIgnored
DislikedNow it seems that it has touched the top of daily channel and going down again. I think that it will go down and touch the bottom of the daily channel again at about 1.4470 and then go up again with the trend. Or is this the big turn? What do you think?Ignored
DislikedActually I have, but mostly from 3 taps during London and NY sessions. Iīm just wrestling with that same problem. The statistics in my 3 taps taken within last 3 weeks or so show at the moment that I can do 3 taps with RR 2:1, but because of large slīs (abowe 80 or so depending of the deal) my profitability is at the moment about + 30% (would be better without significant losses this week). In other words my losses are far greater than my wins. I have also seen, that if I put sl, I will stick into that even though the trade is clearly going in a...Ignored
DislikedNow it seems that it has touched the top of daily channel and going down again. I think that it will go down and touch the bottom of the daily channel again at about 1.4470 and then go up again with the trend. Or is this the big turn? What do you think?Ignored
DislikedThanks WP, I know, there is no easy answer... I'll try to "let the winners run and cut losses early" and not the other way around, as many pros recommend...Ignored
DislikedIf you go back to my EU chart the yellow line was @ 1.4641 that was the Res i was projecting. It broke 7 pips higher then I was anticipating, oh well back to the drawing board " kidding "Ignored
DislikedThats some good projecting How did you do it? I came up into the same conclusion by using daily channel-lines and was actually pretty astonished of their predictive power. I think that they work in trending currencies? I think that in ranging ones I should use S/R and them in general also. So many pieces in this puzzle.....Ignored
DislikedIts a great one, you know a BO is about to happen.
Watch list; might go either way, but I think maybe up.Ignored
DislikedCorrelation between AUD and GBP vs USD and the trend up. I know that is not a very strong reason so like I said, it could go either direction.
No bias here, just an unsupported opinion.
I'm new to this so any help from those more experienced like you is appreciated =]Ignored
DislikedThis is really an interesting thread. Seeing the price action being traded here, is a reminder of just how programmatic the market really tends to be most of the time. I'll keep an eye on this thread.Ignored