Pending set on AU, hopefully it triggers.
Vlad
Vlad
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Disliked{quote} I just placed my SL at most recent swing low. It's a bit scew because I moved the entry point around. Trade hit stop loss unfortunately... You win some and you lose some. VladIgnored
Disliked{quote} Hi Mhons, Actually I just took a trade off the 4hr timeframe, but it's not this method. Happy to show it anyway. First pic - audusd 4hr. I too the long on the break of the nice looking pin-ish looking bar. Trend is up. TP is just a placeholder - looking at the daily chart, I may revise that TP level upwards. I'll see how it goes. {image}Ignored
Disliked{quote} LOL, can you stop teasing us with these simple clean trades I'm starting to dream of too much money in my accountIgnored
Disliked{quote} I just placed my SL at most recent swing low. It's a bit scew because I moved the entry point around. Trade hit stop loss unfortunately... You win some and you lose some. VladIgnored
DislikedHi Pharley How do you select the pairs you trade with this method? trending pairs or results with manual backtest. And do you ever exit a trade manually deciding the trade is no longer valid or is the trade always valid until SL or TP is hit? RegardsIgnored
Disliked{quote} how did you decide to enter long there? the fibo wasnt formed at that pointIgnored
DislikedHi ya Pharley Is it like so or I've made some mistakes? {image} {image}Ignored
Disliked{quote} HI mate - yes it looks right. If anyone wants to know more I can start a different thread for that one as I want to keep this one for the method described on page 1. Then eventually I may create a thread to bring everything together! Cheers PharleyIgnored
Disliked{quote} Hi Max, Ah I see what you mean. I'll explain - I don't use the fib tool as a fib tool. I just use it as a measuring tool and only really when I'm looking for 50% retracements trades. I just happen to have had it open when looking at that chart and used it to measure a 1:1 R:R. You're right in saying price hadn't gone up to use the fib on. For this method, that's not what I'm doing. I put the fib line at the top of the 1 hr candle which was followed by a couple of inside bars before one closed higher than the line. Then a trade is taken on...Ignored