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- 21 Results (1 Threads, 20 Replies)
- RoshanS replied Nov 19, 2020
I think most users including me are yet to fully grasp some of the elements in this method as in some cases it appears there is some inconsistency in taking/ exiting trades.
- RoshanS replied Nov 19, 2020
Sorry, what you mean by catching a snapper? Can you enlighten us a bit on that?
- RoshanS replied Nov 19, 2020
I took this trade. Pls let me know when to exit/ how to exit the trade.
- RoshanS replied Nov 18, 2020
I think you have already AO installed. Pls add Exponential Moving Averages (as per 1st post) from the indicators list in MT4. Pls google for Pivot Line indicator, you will be able to get it. If not, let me know pls. I also suggest reading from the ...
- RoshanS replied Nov 18, 2020
That awesome and intriguing. All were buy-trades. What's the basis to maintain bullish bias throughout the day? And any thought on how you decide the exit? Much appreciate your insight @bale.
- RoshanS replied Nov 18, 2020
Still the price is ranging, i think. What would be a likely catalyst for a breakout move?
- RoshanS replied Nov 18, 2020
Let me know if you want that indicator. I can share.
- RoshanS replied Nov 18, 2020
Actually, I don't use that as an indicator for trading. It's primarily there to quote prices. I use that because of its visual appeal.
- RoshanS replied Nov 18, 2020
That's an indicator called Signal Bars V2
- RoshanS replied Nov 18, 2020
I think there is a wedge pattern forming (4h and to an extent daily) in the pair, meaning that it could go either way. Still, you remain bullish bale?
- RoshanS replied Nov 18, 2020
Hi Bale, Generally speaking, do you wait for a candlestick to hit the Pivot Line to enter a trade or you take trades a bit away from the Pivot Line if EO and EMAs are in order? Hope you don't mind sharing. Thanks!
- RoshanS replied Nov 17, 2020
I think, still, the pair is trading sideways, possibly building momentum for an expansive move.
- RoshanS replied Nov 17, 2020
I agree G/J is a highly volatile pair. I think it is one of the most volatile among JPY crosses.
- RoshanS replied Nov 17, 2020
If you have any specific questions on the method, pls let me know so that I could try to respond to you though I am not an expert.
- RoshanS replied Nov 17, 2020
Awesome! I suppose that ability comes with experience.
- RoshanS replied Nov 17, 2020
What I take as the upper limit and the lower limit is the pivot line. It is lower limit in an uptrend and upper limit in a down uptrend. For greater clarity, I have shown it in the image below with white arrows. Please correct me, someone, if my ...
- RoshanS replied Nov 17, 2020
Interesting to see how this trade evolves as it appears the pair is trading in a narrow range for a day or two so
- RoshanS replied Nov 17, 2020
I am also learning it but i would be happy to share my experience if that helps. Are you familiar with the indicators used in the stratgy? Have you setup the trading template as indicated in the thread?
- RoshanS replied Nov 17, 2020
Thanks @bale
- RoshanS replied Nov 17, 2020
Extracted Posts — Thanks, Gloryound. The other indicators are, as recommended, EMA 50, 38, 23, 13, and 5 and AO. My trade ended with +38 pips. I think, with this strategy, it's important to play close attention to active trades in order to get ...