Hi,
I'm in for the EUR/CHF but GBP/CAD is not offered in my mini account. Cheers & thanks
I'm in for the EUR/CHF but GBP/CAD is not offered in my mini account. Cheers & thanks
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DislikedEntry point it's not so easy task , because , there are many setups sometimes , but the key is to pick up the good one..how can we achive this ?..well, I noticed some issues with some setup oportunities..I will not take a trade ,when the candles are very small body candles, large body and momentum are good ..I will not take the trade if the candle is 20-30 pips, with big upper wick , because it may be only a little correction of the present trend . Next devil - the sideways..when I see that price is ranging from past few days and almost every candle...Ignored
Disliked{quote} I can't remember if this breaks the rules but I don't think the long wicks as displayed in the GBP/CAD invalidate it. Previous candle a great reversal indicator plus the bulk of the wick of the current candle is at the bottom, so this is a good bearish candle.Ignored
Dislikeddaily closed 8 min ago. buy G/C congratulations everybody - reckon you guys are getting better at picking the right trades E/CH probably not good enough. lets wait what the chief says.Ignored
DislikedHi, I'm in for the EUR/CHF but GBP/CAD is not offered in my mini account. Cheers & thanksIgnored
Disliked{quote} What's all the talk about long wicks? Did I miss something in Post #1? I remember it said something about "Candle has clearly crossed" What do you see? {image}Ignored
DislikedPeople are trying to be in the trade,every single day, so there are forcing the rules to pull the trigger with any of the setup, just to be in some kind of trade, engaging little fear, that they can lose opportunity to make money..Sometimes, no trade is also a trade.Ignored
Disliked{quote} What's all the talk about long wicks? Did I miss something in Post #1? I remember it said something about "Candle has clearly crossed" What do you see? {image}Ignored
Disliked{quote} Yes, that's a really good information post, good knowledge of Price Action And the thing about wanting to be in a trade, we discussed that earlier - FOMO Fear Of Missing OutIgnored
DislikedEntry point it's not so easy task , because , there are many setups sometimes , but the key is to pick up the good one..how can we achive this ?..well, I noticed some issues with some setup oportunities..I will not take a trade ,when the candles are very small body candles, large body and momentum are good ..I will not take the trade if the candle is 20-30 pips, with big upper wick , because it may be only a little correction of the present trend . Next devil - the sideways..when I see that price is ranging from past few days and almost every candle...Ignored
DislikedIm going to upload a video shortly that demonstrates the importance of using the breakeven tactic, that is after 1 candle that proved not to be profitable. Because right now it appears to be quite random on how we decide how we move to breakeven. However, we do set a specific SL after all, and people do state to stick to that breakeven as part of the strategy.Ignored
Disliked{quote} Hi Ghibli, From looking at dozens of charts I think your summation here of good setups particularly about the way you use the bollinger bands is spot on.Thanks for this analysis.Ignored