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- Nala66 replied 21 hr ago
I got my money back plus 5 pips...Whoooopeeee!
- Nala66 replied 22 hr ago
Ahh! I see also, sorry for wasting your time.
- Nala66 replied 23 hr ago
Well, well, well you easily beat me today. I am down -32 pips having been stopped out three times.
- Nala66 replied 27 hr ago
Between those two small circles and within the larger on my price did not cross the EMA, but it appears yours did.
- Nala66 replied 27 hr ago
Today we see the 4-hour chart just hovering above the EMA swing high dragging the current EMA in an attempt to make a HH. However, it doesn't appear to be trying for the next level swing high so I am unsure if it will make the run or not. image ...
- Nala66 replied 27 hr ago
Well personally I only move my stop until I get it to BE+1.
- Nala66 replied 31 hr ago
Hard lines on this one indeed. image My chart is a little different from yours. Between your entry and stop out the price on my chart never crossed the EMA. image
- Nala66 replied May 12, 2024
This is fine, I completely understand what you are saying and if it works for you then that is great. There are many ways to trade and finding a method that works is of paramount importance. I am glad you have found a way.
- Nala66 replied May 11, 2024
Enuff said for today. Catch y'all Monday
- Nala66 replied May 11, 2024
I don't know why this is posting double?
- Nala66 replied May 11, 2024
Here is an example of getting the trade started in the form of a diagram... (without the words)
- Nala66 replied May 11, 2024
Here is an example in diagram form of getting the trade started... image
- Nala66 replied May 11, 2024
Yes, and the 1% loss is a maximum. Mostly it will be something like 0.25% or even BE+1 providing the target distance is a 40 pip plus distance. Again, though we can only get what the market gives and if we have to settle for a 1% profit then so be ...
- Nala66 replied May 11, 2024
At last, now I can solve your HEDGE problem. If you are at all worried about the trade stick a HEDGE on it. If the HEDGE goes on to stop out your original trade the HEDGE wins. If the original trade turns to stop out your HEDGE then your trade wins.
- Nala66 replied May 11, 2024
Sorry I have been so long, but I cannot find the reference to this in any of my books, I know I have read it in one of them. You cannot continue to infinity. You can no longer trade when you cannot cover the cost of a lot. There is stuff missing ...
- Nala66 replied May 11, 2024
My initial target is 40 pips and having moved my stop to the div I may be risking just 5 pips or just 0.25%. Risking 0.25% for a gain of 2% is a risk reward of 1:8 Adding to my trade can compound the trade to 1:20 easily.
- Nala66 replied May 11, 2024
Kerrect. I enter with target and stop. Move stop to just short of the div. Then move the stop again to BE+1 as price approaches the EMA. Then start to look for additional entries. I may extend my target if time permits.
- Nala66 replied May 11, 2024
I say all the EMA's but that is not correct because each EMA corresponds to a different time frame, we may be just testing that time frames average.
- Nala66 replied May 11, 2024
No, we don't wait. We have already waited for the EMA's to bunch up. We look for the signal to start them spreading again. If we are wrong, we lose a little bit. If we are correct, we compound the winnings. We want to see a bear div take it across ...
- Nala66 replied May 11, 2024
3) We need to consider when to trade and when it is wiser to not do so. For example, if price is trading at the EMA of the higher time frames, then it just becomes guesswork as to which way it will move. Break or bounce. Often there is a power ...