DislikedThat's correct! Now, you've pointed out the HUGE SL of 65 pips, I didn't even have that big of one's trading HTF, so I began tweeking the system, adding ma's, understanding my PA. On your above example, buyers would pound her around the price of 5970-5975 and send her back up. From here, there are multiple ways to play the move. If price clears the 35 pip price, let it come back and take an entry short off the ma's on the m15.Ignored
Actually that is happening right now on GBPUSD... from the last m15 35MA... but looking at the H1 Chart seems bulls are coming again... for a retest of the 62 MA (in 1 hour chart) and the 50 MA (15m) ... which coincide with yesterday's high.
Are those the kind of HTF analysis that we (newie) should do??
I don't want a job, i want money!