Andy, I PM'd you, hope you don't mind. I am in that EURO trade too. It looks good, hopefully all will go well.
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DislikedHello Robby !
Can you tell me the difference between the sell/buy limit order versus sell/buy stop order?
Also, I saw that you use fibo reds and greens, do you have some indicador to draw fib red or green dependig the direction of the draw (up or down).
Thank you for sharing you experience !
By the way, this is my first post in Forex Factory !Ignored
MT4 and most other trading platforms have a built in fib tool all you need to do is change the color of the lines. If you don't know the answer to these basic questions I suggest you go to the newbies section or take a look at this website
This not meant to be rude but you need to do some research on your own.Ignored
DislikedThanks for your comments, I know how change the color for each fibo, my question is, if there are some indicator that can paint "automaticaly" the colors, if you are drawing up so the color will be green or if you are drawing down will be red, I hope that explain better my idea.
Do you have some comments about the stop and limit orders?
Thank you !Ignored
Disliked**A buy limit is used when you expect the price to go down and then go back up. In this case you cannot use a sell stop because if the price hits that point it will start selling rather than buying. Since the price is above the area and you want to buy you need to use a buy limit so that once the price goes down, it hits the pending buy limit order and starts buying from there.
**A sell limit, on the other hand, is used when you expect the price to go up and then go back down. In this case...Ignored
I loaded the moving indicator file into the platform. When activated, it doesn't look like any moving average I have seen. Any ideas what the settings should be?Ignored
DislikedIf you see like a straight vertical line, then just switch to the daily TF and back. Should be fixed after.Ignored
Had you ever faced such situation.
When the price moved down with no retracement.
When it start to retrace to 38.2%. You make a sell.
However, the price continue to move up and hit 61.8%.
You now loss 1 trade. Nevertheless, the sell order is make on the
61.8% with a stoploss of 100pips.
The price start to move down by not much and consolidate and start to continue move up and hit your stoploss. You now has 2 loss trades.
Assuming your early post. There is a trend change. I now need to change my
fib point and should not be using...Ignored
DislikedBad day so far. Let's see how it goes by the end of day
Sell AUDCAD (38.2) -120pips
Buy USDCHF(38.2) -70pips
Buy USDCHF (61.8) -100pips
Sell AUDCAD (61.8) +60pips
Sell AUDUSD (38.2) -50pips
Sell EURUSD (38.2) -70pips
Sell NZDUSD (38.2) -5pips
Sell EURJPY (38.2) -93pips
Total current : -448 pipsIgnored
DislikedAlso had a pending for AUD/USD @618 the missed by 3 pips.Ignored
DislikedHello, i would like to see screenshots of those trades if you can pleaseIgnored
DislikedTrade updates: Most of the trades are closed because of TS
Sell AUDCAD (38.2) -120
Sell AUDCAD (61.8) +72
DislikedHi robby and all,
I just make a trade on eurusd, i believe that this trade should be quite ideal
and according to your system.
I shorted at 38.2%. From the 61.8%, it is around 62 pips. So i make a short at 1.2901. Can share what is your practise in this case, it already move 38pips in my favour. Would you placed it break even and then see how far it run. CAn share what your approach on this current trade
Thanks robby. Surprisingly if one stick and pick those trend with no retracement. The probability seem very high. I now got 3 system from...Ignored
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