I found a penny today. That's +100 pips for me.
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Dislikedsorry, you've lost me...i thought the trade in question was the short trade posted by Acartwright.Ignored
DislikedHi
If you have a look at the link I posted to the 123 thread, Paulus describes his method which pretty much eliminates this problem. He uses it simply as a reversal method, so you trade the first retrace which has much higher odds of success.
Hope this helps!Ignored
DislikedI don't know where I'm going wrong every trade I do in demo works but evry live trade seems to fail............I follow all the signals then as soon as I enter it turns against me!Ignored
DislikedHi
Pop the 200EMA on your chart - you will see that it is acting as resistance on the M15 and M5 charts. In an ideal world we want to trade away from the moving averages, not into them.
Also, if your s/l was under point 1 rather than point 3 you would still be in the trade. Don't know if it will go any further this evening, but still watching it.Ignored
DislikedThats interesting, but how many emas and s/r do we have to go by, I thought the idea was to ignore them with this set up?Ignored