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- Alorente replied 25 hr ago
Yes. I know Kiwi Oz introduced it. I should have mentioned that.
- Alorente replied 26 hr ago
Same input settings for all time frames. Use H4 for main trend and then scalp in smaller time frames away from the ribbon, allowing price to return to the ribbon first. No market orders. Once price is inside ribbon, set stop order at edge of ribbon ...
- Alorente replied Mar 15, 2024
You donīt have to trade with it. Just use it visually to trade in the direction of strength. When Red only Sells. Green only Buys. As you can see, right now it is Red, so I only enter Sells. It helps you stay out of trouble. Attached is the indi you ...
- Alorente replied Mar 15, 2024
I decided to close the EU trade at 1.0882 for 18 pips. Will reenter on Monday.
- Alorente replied Mar 15, 2024
Good question... There are many ways but I will make it extremely simple for you. Here is an indicator I prepared which I always use. Put it on a H4 EURUSD chart. Set the MA inputs as follows: MA 1= Method 1, Period 20, PRICE 0 MA 2= Method 3, ...
- Alorente replied Mar 15, 2024
Thatīs the way to go. It is much easier to win 10 trades of 7 pips than 1 trade of 70 pips. The key is to always trade in the direction of strength. For some reason it takes years to learn that simple fact. Everything becomes so much easier once you ...
- Alorente replied Mar 15, 2024
I am normally quick in and out like you, but the positive swap doesnīt hurt you over the weekend. Yet again, I may close it today. It depends how it looks by the close. How many pips do you shoot for nowadays? 10 to 15 as usual?
- Alorente replied Mar 15, 2024
Iīm with you Ata. Sell order opened at 1.08997. I may hold it for a few days with the positive swap.
- Alorente replied Mar 15, 2024
Changed the Sell Limit order to 1.0900 - TP open. This looks like a probable 200 pip fall to the 1.0770 vicinity before any serious rebound. Of course, anything can happen, so take my comment with a grain of salt.
- Alorente replied Mar 14, 2024
Sell Limit 1.0920 TP 1.0860 SL: 20 pips. I donīt think it will get to 1.0920, but I placed it just in case we get a spike.
- Alorente replied Mar 14, 2024
My system indicates the trend has changed to SELL ONLY for EURUSD. I will be looking exclusively for shorts on pullbacks. Maybe tomorrow.
- Alorente replied Mar 14, 2024
Closed all shorts at 1.0900 for +65 pips. Now waiting for a signal to go long. Not yet.
- Alorente replied Mar 14, 2024
Still holding my shorts until the 1.0900 test. I will probably exit there.
- Alorente replied Mar 13, 2024
I agree. I am opening some shorts in the 1.0960 to 1.0975 area. It could make it up to 1.10 on this run but it is unlikely. I think it will drop to the 1.0860 to 1.0900 in the next few days. Going forward, I see a big drop in April.
- Alorente replied Mar 13, 2024
It looks like it, but first, maybe a retest of the 1.09 area. Weīll see...
- Alorente replied Mar 13, 2024
Thanks. I appreciate that.
- Alorente replied Mar 13, 2024
Thanks a lot. In the meantime, could you please post a screenshot of your chart. I would like to see how your levels compare with mine. Thanks again.
- Alorente replied Mar 13, 2024
Hello Avir. My broker only supports MT4. What can I do do see your valuable S/R levels every day? Thanks.
- Alorente replied Jul 13, 2023
I see EU reaching the 1.1250 level (Blue Area) before any meaningful drop to test the broken level around 1.1090.
- Alorente replied Mar 3, 2023
1.0460 is also the target for the forming Head and Shoulders if it breaks.