DislikedTrade Plan week 26: EURAUD 4H Swing Trading with Multiple Entries / Multiple Exits. Market type : Sideways Ranging. Weekly WRB with potential breakout of the WRB high. {image} For those interested to learn and follow, please post your questions and only trade on demo as forward testing. regards,Ignored
So, let me see if I got it right. We should be looking for an entry on a retracement to the 50EMA, that would be the initial entry. Then, we should add more entries if the price retraces more(position building). What do you mean by 'scale-in positions when price moves above initial buy..' ?, does that mean that we should add more positions when price reaches our initial entry ?.
Now, about the 200EMA, we know that it is really hard for the price to break it, it usually touches it, some times it goes a few pips beyond and then pulls back. So, what do you mean by 'Look if price retraces to 200EMA...' ?
Than you so much for your effort, and the time you take to teach us.