TT5 NZD/USD Long @ 0.7448
Target 50 pips at 0.7498
Target 50 pips at 0.7498
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DislikedYA.. I forgot to say.. you got to put the 5 ema in there too...Ignored
DislikedTiki, this is some really nice trading. I believe it's 24 wins now...Ignored
DislikedThe long trade TT5 NZD/USD from post 1101...
I finally got tired of it.... revised my target down... price came so close to hitting... then dropped....
I got out at 7396...
Loss of 52 pips... loss 1% of my account... CAN'T win 'em all I guess... !!!Ignored
DislikedTiki,
In hindsight (great thing) with a market like N/U, would you better increasing your position and having a shorter TP - say 30? the average daily range for N/U is approx 70 so a retrace of 50 is about 75%
I have been adjusting the indicator using the average daily range (ADR) for each pair and setting ADR figure for closest band, doubling it for 2nd and trebling for 3rd, look for entries around the 2nd/3rd and setting targets less than half the ADR - not that you aren’t doing ok anyway, just my take on it.
BTW thanks for sharing this system - it appeals to my Psyche and seems to work well so far...
Cheers
RedIgnored
Dislikedhi Tiki
you were something like +27% and now are +16%; What hapenned?
thanks for the idea with TT5, i am testing it.
best regardsIgnored
DislikedTiki, for you AJ could be a TT5 or the distance is not enough? You could for example use the weekly s1 to enter.Ignored
DislikedTiki, for you AJ could be a TT5 or the distance is not enough? You could for example use the weekly s1 to enter.Ignored