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- sodeypunk replied Feb 11, 2011
My problem is that on the daily/weekly charts, the support/resistance could 100-200 pips away. Then you're facing a take profit of the same magnitude for a 1:1 or 1:2 Risk:Reward which is rather large. Therefore, do you find more success with ...
- sodeypunk replied Feb 11, 2011
Thanks for this advice JuicyT. What would you use for your stop loss?
- sodeypunk replied Sep 19, 2010
Bullish GBPUSD — Bullish GBPUSD Risky, there is a diverging macd to the downside Pattern: TC, BOZ Candles: bullish engulfing, false breakout to the bottom side. now sitting on support tp: below the last swing high.. 1.5717 sl: below swing ...
- sodeypunk replied Sep 19, 2010
EURUSD Bullish — EURUSD: Bullish Pattern: TC, BOZ Candles: bouncing off support, doji, bullish engulfing TP: anywhere near 1.3140 - 1.3160 SL: below support new: no significant news image
- sodeypunk replied Sep 16, 2010
i think if a round top or an aggressive turnaround pattern formed on the resistance line, it would be a good entry. lets just see what macd and candle patterns form around that area next week.
- sodeypunk replied Sep 16, 2010
xeneric, just curious...how long have you been trading this strategy? are you profitable yet? your advices are great.
- sodeypunk replied Sep 15, 2010
GBPUSD Bearish Signal — Pattern: round top target: 40 pips @ 8 ema stop: 50 pips above high of candle news: no significant news R:R - 50:40 image
- sodeypunk replied Sep 15, 2010
Thanks xeneric, i always forget about the round numbers.
- sodeypunk replied Sep 15, 2010
EURUSD Bullish — Pattern: Trend Continue Current in an uptrend. Support on 8EMA. What do you guys think? R:R not good enough? image
- sodeypunk replied Sep 7, 2010
Thanks Xeneric, i will be trying to post as many setups as i can in order to learn when to take the best trades. It will usually be 15 minutes before the signal candle closes so that you will have time evaluate and take the trade or not on the next ...
- sodeypunk replied Sep 7, 2010
USDCHF Bearish Signal — USDCHF Bearish Signal Pattern: TC, BOZ Candles: could be bearish harami stop: 50 pips above 21 and trendline profit: 50 pips news: no major news for this pair okay setup, not going to take it. might wait for a pull back ...
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