I have a question about entering in buy trade. We have the rule RULE.....NO late entry. NOT EVEN 1 Pip. So my question is do we have to open buy when ASK price crosses lowest h1 open? Or we have to set buy stop order at lowest h1 open plus spread ...

+10 USD/CAD But RR was not very good because of wide daily low / lower open zone. +5 EUR/GBP LOSS USD/JPY

+22, but a bit risky because of prev day high

This is the mail confusion. What does it mean to "test"? If price moved only 2 (3..4) pips towards high and then dropped current H1 open. Does it mean test? If current price breaks previous H1 high by only 2(3..4) pips and then drops to open? Does ...

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Averaging is trading technic when you add to you position while price goes against you. For example, you place buy, then price goes down, you have some opened loss and but you believe that price will return to up move. Then you open additional buy ...

So, you only use averaging trading news, or you can average down when price goes against you trade?

So you add to you position while going up in this case? The lower buy was the first one?

You are so brave. A lot of red volume bars and condensed Stoch pointing south just before you opened your buy trade.

Are there any GBP trades today?

I see you move trades to BE very quickly. Do you have any special rules about moving to BE?

Would you enter this trade without green volume bar confirmation? Volume is very very broker depending value in forex.

Yes, it's difficult not to earn money trading GBP/USD today

Thank you for very interesting thread. You examples are very informative and helpful. Could you also post some loosing trades when you have some? This will be good to understand decision making process.

What do you mean by this? Thanks

What if price will bounce up now from the lower band and some time after break lower band in a new place? Will you redraw all entry levels?

One more question about LRC drawing. We start channel from sagnificant high or low, but what is the end point for the channel? Is it latest HH or LL or current price?

Very interesting, thanks. I have some questions about TP and SL. Do you always use point 1 as TP or you may use point 2 for example if you are in profit? When you say you use point 5 as SL, do you mean that if price goes to 5 level from the initial ...