gbpnzd anyone on the daily about to cross?
short?
short?
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DislikedWas only interested in selling GU today as I had predetermined plan from the weekend , as soon as LO opening candle pulled back , entered with +50 pips and took a little more when momentum picked and closed for +61 pips {image}Ignored
DislikedFarhad10, how do you get the arrows in the TDI indicator? Can you post it? Thanks.Ignored
Disliked{quote} My advice is that you learn to use sl, for your Capital protection, but also for valuable trades. Is it good risk reward when you are risking 20pips to gain 10pips? Otherwise, read the cavemanager thread, or search cavemanager in this thread. - Its a ea which will trail your sl. I know emma is glad for it. Happy Trading :-) MIgnored
Disliked{quote}. hi Emmanuel, Thanks for sharing this ME/ME chart and related information's. 1. Is this 0.2% risk is of he total equity or of a portion of equity allocated to that particular pair ( let say equity 100K, trading 6 pair and for GU allocated 20K so now this 0.2% per entry/ position built-up, is of 20K or 100K. 2. When you add ME in entry , your average price comes down on every addition, than Is your TP Price also changed (reduced) ?. 3. when in any entry you add ME, is your lot size remain same. 4. How you calculate the TP price in case of...Ignored
Disliked{quote} Emmanuel Just two quick questions, I would like to ask : 1. During the retracement, does the SL of position 2~4 have to be the same as the position 1? for example I setup 1.54440 as SL (under WRB Low) , then when I build positon2,3, or 4, should their SL be the same? 2. If it doesn't retrace and goes up, what are the next criteria to be based upon for building new position? Should we change SL from below the WRB LOW to a new SL under a new support line? Best regards, Steven {image}Ignored
Disliked{quote} You are welcome! For those who PM me asking me to show how ME/ME trading is done, here is my GBPUSD ME/ME trades done last week.Ignored
Disliked{quote} yes. I am buy too ... and all GBPUSD, GBPAUD, GBPNZD and GBPCAD pairs are buy only with ME/ME. Be warned, there will be retracements/pullbacks, etc. .... and choppy times, question is what shall we do when we have several ME open positions and market do not move where we want? Post your chart and I will explain whatever I can using your charts.Ignored
Disliked{quote} Hi Emman, Thanks for your guidance. Take for example GN, I entered at 2.3747 after the H1 showed a bullish candle but then subsequently my trade went against me and continued to go into narrow range and now, deeper retracement. I seem to be ALWAYS stuck in ranges and retracements..... {image} {image}Ignored
DislikedWas only interested in selling GU today as I had predetermined plan from the weekend , as soon as LO opening candle pulled back , entered with +50 pips and took a little more when momentum picked and closed for +61 pips {image}Ignored
Disliked{quote} Hi Emman, Thanks for your guidance. Take for example GN, I entered at 2.3747 after the H1 showed a bullish candle but then subsequently my trade went against me and continued to go into narrow range and now, deeper retracement. I seem to be ALWAYS stuck in ranges and retracements..... {image} {image}Ignored
Disliked{quote} Hi B One way to gauge the market is simple Daily Open.Once bias is created after DO most likely that bias will continue. Keep in mind that when trading G crosses G majors have lots of influence for example GU retraced but NU went up.You combine both you get GN So always keep open eyes how majors are doing when trading crosses. Another fact GN is 6-7pip spread GU 2 You do the math what is cheaper to trade.With GN you are imminently 6-7pip in a hole.I just don't understand the logic of people paying up huge spreads when cheaper majors are...Ignored
Disliked{quote} Davit, understood. I have been terribly ill disciplined. Hoping that the market can quickly get back on its bull run.Ignored