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the cautious seldom err....C
Multi time frame Simple MACD system 823 replies
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Dislikedgone long e/a and e/y about 2 hours ago. Both are in the green as of now and I have taken 40% off e/a {image}Ignored
Disliked{quote} If you don't mind me saying, I can't find much wrong with this trade except that if you have the oil chart overlay on it you might just find a reason..anyway,we sustain losses here and there even though entries are good .I must say you did a good job in cutting your loss quickIgnored
Disliked{quote} thanks for your comments and for all your posts, learning a lot from them!Ignored
Disliked{quote} I am also bullish pound and there are certain levels to watch on the chart concerning G/a. I have 2 lines drawn across the chart and I will be watching these levels....like you say in your post that a bounce might happen at the 200 ema, so get prepared and draw a line where the 200 ema is and go down to the lower time frame to nail this thing but be mindful the unexpected can also happen, what I am trying to say is be nimble and flexible...just don't try defending a level and having to prove you are right..the market doesn't give a hoot...Ignored
Disliked{quote} you are most welcome..the ninja will be here over the weekend..a sharpshooter on the 5 min, the very best on this thread and he calls himself an "apprentice", ha,haIgnored
DislikedCounter Trend (CT) setup with divergence setup: Read post #995 by LE1 for the rules but in order to increase the odds I like to see divergence (regular/hidden) in higher time frame (HTF) plus or presence of EMAs, round number (RN), support/ resistance (S/R) for confluence. The more supporting factors we have in favor of our trade the better chance our trade has of being a winner. Without confluence these type of trades are 50-50 at best. My today's EURAUD trade: Saw divergence forming in M30. Price going up and TDI going down. I Moved to M15 and...Ignored