Disliked...
The worthy point here :
1. Loss is a part of trade. I did it with put SL at 1.4830 above H1/62 and daily pivot level
2. H1/50-62 ema and daily pivot level can be used to solve a problem perfectly
3. Becarefull make an entry at M15/all ema, except just for scalp and have a time to monitor for in and out quickly !
Congratz for me !
Thank so much for EO, Infinity, LuckyLerver, Gagakrimba, Steelhead and all here who gives me the input to improve the strategy ! You all the best !Ignored
Loss is definately a part of trading. Know what your risking vs reward.
The 1h 62ema is a beautiful setup, but she can and will be broken and when she does, she does it good usually. I do trust the setup, but I do have a control of my money management and willingness to take the loss. The 1h 50sma, is a nice setup as well, but it does not hold as much weight as the 62ema. When their are this close, I look for the 62ema to hold over the 50.
I do not recommend entering on the 15m on all ma/ema's. Each ma/ema has a certain value in weight that needs to be considered. Think of them as steps. When I'm long from the bottom and she's going up, I'm looking for my TP to be around the 35sma/50sma/ema. I want to see how she moves up the ma's and how the candles form to determine if I should switch my position.
I would also like add that if you ever loose power, you should call your broker immediately and get you SL/TP in place. Your broker will do this for you over the phone.
Just digging in the trenches like everyone else!