what time interval do we use to draw our channel.
please need someone to guide with that .
thanks
please need someone to guide with that .
thanks
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Dislikedwhat time interval do we use to draw our channel.
please need someone to guide with that .
thanksIgnored
DislikedThat's what happend to me the last days. I had severe losses from the news last week, made some trades this week and "forgot" to set SL, as I thought that it would reverse and continue the trend (I entered with daily, weekly and monthly RSI confirmation), but at my buy it reversed and reversed hard. My account (still on micro) is now, well, almost emptyhttp://cdn.forexfactory.com/images/icons/icon9.gifIgnored
DislikedYes, but only on H4.
You are right that trades on lower TF have the disadvantage of the high spread for this pair.
In this H4 trade I set SL 40 and TP 80 so the spread is not an issueIgnored
DislikedWhat direction do you guys think the BO will be on EURGBP? Following the trend it should be down...but looking at the D1 chart, this could turn around and head up.Ignored
DislikedKillerAntz if you wish to read my advice here comes one:
If you are neither as successfull nor as experienced as LG newer EVER "forgot" to set SL, because you always can be wrong. As a newbie you always have to have SL set and risk calculated acording this SL. Because if you not the thought "it will reverse any moment" will make your account empty every single time it will go wrong way. You can be successful dozen of times but one wrong situation will always clear your balance. So my advice and what i do is to remember that no matter how good...Ignored
DislikedMarket reaction was the spike up..
It exhausted quickly.
http://img703.imageshack.us/img703/3365/gbpusde.png
Exited all trades....
Charts are looking like a squashed centipede...
It's a war zone right now.
a good time to stay out imoIgnored
DislikedIMHO, patience is needed here as the 0.8330 resistance is quite strong.
However, I do hope we will eventually see the CBO...Ignored
DislikedI have lost my 2% at London open, it was in blink of an eye, let see if i will manage to get it back today.Ignored
DislikedI wonder how high it can go? Maybe even 0.8400
Love to hear your opinions!Ignored