Hi everyone,
Have been following this thread for a while and read through all the manuals. Decided to register and thought I'd start posting my trades using this strategy here so that I can learn from the gurus Hopefully also become a more active contributor in future as I get more familiar with this strategy.
First trade is on AUDUSD. Sold at 1.0341 on bounce off M15 35/50 and H1 35SMA. Bought half at 1.0317 near H1 and Weekly R1 pivot, leaving half on given how weak EUR has looked against USD. Got stopped out of other half at 1.0325 after I moved stop to try and protect the trade. Turns out I was too hasty to close and price looks like it will continue south.
Was this a valid ping pong trade?
Have been following this thread for a while and read through all the manuals. Decided to register and thought I'd start posting my trades using this strategy here so that I can learn from the gurus Hopefully also become a more active contributor in future as I get more familiar with this strategy.
First trade is on AUDUSD. Sold at 1.0341 on bounce off M15 35/50 and H1 35SMA. Bought half at 1.0317 near H1 and Weekly R1 pivot, leaving half on given how weak EUR has looked against USD. Got stopped out of other half at 1.0325 after I moved stop to try and protect the trade. Turns out I was too hasty to close and price looks like it will continue south.
Was this a valid ping pong trade?