placed Long EURUSD order : tp: 1.2970 , sl:1.2857
Regards,
Regards,
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DislikedI'm planning to go long when the resistance line is broken 1.2939. not sure if it's correct.any advice?Ignored
DislikedDear FX-Pro,
with your method I place the tp to be 50+ and sl to be -60 by the time i take the trade.
Do you think its a good practice ? I tried to minimize the sl However sometimes the swing is too high and i lose a winning trade by hitting the sl.
Regards,Ignored
DislikedI think the best time and place to enter according to this method is when the H1 candle close above the EMA12, which is around 2912.
If we are late, and price has moved away (positively) from 2912, i think it'd better not to chase the trade and wait for the next opportunity. Alternatively, if we insist to be on the bandwagon, we may place buy limit at 2912.
Just my 50 cents. Cheers.Ignored
DislikedI think the best time and place to enter according to this method is when the H1 candle close above the EMA12, which is around 2912.
If we are late, and price has moved away (positively) from 2912, i think it'd better not to chase the trade and wait for the next opportunity. Alternatively, if we insist to be on the bandwagon, we may place buy limit at 2912.
Just my 50 cents. Cheers.Ignored
DislikedDear Folks,
Look at the left side of your chart...
do you see a clear trend, No.
what does it mean... we cant hold this trade for long time...
Its not set & forget trade.... need to watch it carefully. & has to be closed when price hesitates to move further...
so take care,
FX-ProIgnored
DislikedNope... its not a good practice... if SL goes more than 35 pips, you think if its worth taking that huge risk.... meaning it should be the extreme overbought/oversold area need to have lot of room to score pips,
in other words you should identify the roof & the floor to enter the trade.
try to enter from RN or Supply/demand area, which may reduce your SL.
Cheers,
FX-ProIgnored