I also thought over this thing. General rule is that the closer the order (both TP or SL) - the higher is the probability it'll be hit. On TC-s TP1 at 20..21 pips is reached in about 70..80% of time (at least it was so before this run). If we put ...

Really nice picture on 1H! Nice trade. I missed 1H, and on 4H TC now decided not to enter (if retraces - maybe) because of SL and possible (to my mind) retracement.

GBPUSD Bullish TC 20:00 (GMT+1) — After downtrend price crossed EMA21 upwards, already reached SMA89, but then retraced to EMA21, retracement stopped and now price seems to start going up again. BUY 1.4855 (0.5 lot only because of big SL) SL ...

This TC might be quite Ok, just maybe before NFP traders' expectations may have caused some unexpected moves. After some losses on NFP before for myself I decided not to trade this news itself and to be twice careful before - so the idea was that if ...

EURUSD Bullish TC this morning — I bought EURUSD in the morning on the TC from SMA200. BUY 1.2782 SL 1.2735 (47 pips) TP 0.5 x 1.28 (18 pips), 0.3 x 1.2840 (58 pips), 0.2 x 1.2960 (178), av.TP 62 pips; RR>1 It missed TP1 by 2 pips, as I wasn't ...

EURUSD Bearish ZB 08:00 (GMT+1) — Took bearish ZB on the close of 04-08:00 bar. SELL 1.2683 SL 1.2724 (near opening of the signal bar) TP 1.2663 (20 pips) and 1.26 (83 pips), av.TP 51.5 pips RR>1 TP1 already hit (+20 pips), SL of 2nd part ...

The difference between my MACD bars is just 2 points - so on another broker's charts even slight difference in quotes may have led to absence of TC. But it seemed to me that it was a not so bad setup in general (besides MACD) - after last friday's ...

EURUSD Bearish TC 12:00 (GMT+1) — Sold at 1.2648 on the bearish TC from SMA89. SL 1.2683 (35 pips) and 1.2703 (55 pips), av. 45 pips. TP 1.2631 (20 pips) and 1.2550 (98 pips), av. 59 pips. RR>1 At the moment (25 min after opening) position is ...

By the way - if it were a false breakout upwards - now I'm also considering possibilities of going short on EU. Edit: I didn't enter - didn't like the hammer-like candle on 1H, decided either to pass or to enter if it retraces to the broken support.

EURUSD Bullish ZB 8:00 (GMT+1) — Bullish ZB, price broke upwards the upper border of triangle. BUY 1.2938 SL 1.2890 (inside the triangle, 48 pips) TP1 1.2957 (19 pips); TP2 1.3020 (82 pips), avTP 51 pips; RR>1 Anticipate possible retest of the ...

Phillip, thank you for the brilliant explanation of how to manage this type of setups! The experience or trading wisdom which is felt in your explanations, makes me feel more confident (besides learning) when the things on the market make me feel ...

GU retraced to 38.2% (or ~40 pips) of signal bar and went up. Unfortunetely I'm sitting aside. Well, will be hoping for possible retracement to EMA21 on its way up. 2giotto - quite interesting! Something to think about. Thanks!

Thanks for warning, though you see - how much may mean the way of drawing trendlines By the way - on 5min there's an ascending triangle with 2 higher lows...

GBPUSD seems to be breaking up the resistance line with a TC on MACD. Though SL is quite big ~120 pips to the low of the bar, and if to split it into (30+60), then even -60 pips is higher than broaken resistance (and retest is possible). So I think ...

There was a bullish TC on 4H timeframe also with SL<50 pips, but it formed on the closure of 00-04:00 bar (GMT+1), so I also missed this one. And 1 bar later I decided to stay out, mainly because the 1st bar after the signal appeared to be rather ...

Nice story. And again, as in the story posted by Phillip above, everyone participates in trading and is happy, but in the end the luckiest (in the 1st story) or the smartest (in the latter) take the profit It might be life...

Thank you for the answer! Is it a strong rule or does it heavily depend on other signs? For example, yesterday on GBPUSD there was a similar TC breaking support. If there were no setup on EURUSD - would you have taken this TC on GU in general, if ...

Nice trade, Phillip! I'm sitting aside because of a big SL (my trendline is a bit higher). Phillip, how do you distinguish, when it's possible to trade breakout and when one should wait for a retest of the broken level? Guess strength of the move ...

Also watching EURUSD, but people - don't forget about All Day USD image Bank Holiday May be the "thin" market

Hi, people. It seems to me that it was a nice TC (and SL could be made smaller either by division to 2 sublots or waiting for a retracement). The only thing was NFP - it might be making the croud more nervous so unexpected moves become more ...