Hero Traders Live to see their Accounts Die!
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DislikedShort EURJPY, two consecutive bearish closes, short at last bearish open, stop above previous bearish open, tp is 2 x pip distance from previous bearish bar's close to its high, in this case 120pips. http://gyazo.com/80bed7395416fd53f9d1c0147d7b1aebIgnored
Disliked{quote} Hi Simoneg, Nice to see your thread. Can you please explain this trade with chart example. In first page you mentioned about 1:2 ration does it mean that you take profit 10 pips and stoploss is 5 pips or reverse? If it is reverse, i mean stoploss is bigger than take-profit then how we can achieve the rule to cut losses short and profits bigger. Thanks in advance.Ignored
DislikedGood Morning~ ! GBPJPY seems to be finding support at this bullish setup and may use this level for good retracement or reversal. Long here. http://gyazo.com/16ccf4b0b3dae815ae0fadd3c8f7ed6cIgnored
Disliked{quote} Be careful simoneg, JPY is weakening while GBP is getting stronger !Ignored
Disliked{quote} I hope you didn't take that trade simon, I bought G/J just after I posted by warning on shorting the pair. Closed half position (40 pips), and moved SL to BE on the other half. {image}Ignored
DislikedHi there, I have been trading this simple strategy which I find very effective. I trade it mainly on 1 hour charts. Its effective on higher time frames but of course the risk increases as you go higher. May do some higher time frame examples here. SCALPING GRAB & GO RISK:REWARD for the 1 hour is 2:1 OR 1:1 OR 1:1.5. SHORT when there are TWO CONSECUTIVE BEARISH BARS and the SECOND closes WITH a LOWER CLOSE PRICE LONG when there are TWO CONSECUTIVE BULLISH BARS and the SECOND closes WITH a HIGHER CLOSE PRICE The WIN PROBABILITY is HIGHER when the...Ignored