DislikedH4 method trade on EA: + 126 pips
My reasons for entry:
- green TDI returned back into blue band
- green TDI crossed red
- Synergy color change
- TDI > 50
- PA could not substantially break EMA60
- direction of overall trend and D1 bearish
SL was swing high, TP was SL*2
Held it over the weekend.
garyIgnored
I entered also this pair as you can see on the attached chart. I entered because:
1. There was a TDI cross and the price line (green line) crossed the blue band
2. Although the price was (slightly) above EMA(60) the higher period trend was clearly short (the magenta line is the (EMA(200))
3. There was a zone of resistance (blue rectangle) supporting short moves
4. Synergy APB was bearish
Finally my trade hit TP of 2*ATR(7).
thrax