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Spider's Den

We will try to avoid double exposure as possible but if the trade setup is good we can trade that also.

What is exposure? Its a sort of"vulnerability" to a particular currency pair. If u open 2 trades for example EURUSD and EURCHF ur both trades are exposed twice to EUR in the same direction. So if you are short and EUR jumps both trades will lose.

So, correlation between pairs is also an important thing to consider.
Entry @ 4327 18 pip stop @ 4345

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When I scalp, I dont enter on momentum, I always enter on retracement. Also h1 trades.
Already +12

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1/2 closed in 15 mins we will have the spike. Both directions exposed.
4345 holding it. Always good to scale in close to s/l.
Scalping and counting.

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Rule no1. Always enter on a retrace.
How much is that now? Counting.. Eu at 4314 atm
Volatility is the highest 5m before till 5m after 1h rollover.
Stops at BE now. Closing 1/2. Free ride. Thats called trend riding. First out. 2nd at BE. If u know how and where to place s/l, scaling in ( 2nd entry point close to s/l) close to it is cool.
+30 2nd entry now. That was 10 pips risk 1:3 r:r now
Quoting [email protected]
+30 2nd entry now. That was 10 pips risk 1:3 r:r now
Believe me..1:3 is perfect.
Watch RSI guys. Its the best leading indicator ever. Remember..contrary to many opinions i will tell ya. RSI is NOT OB/OS indicator.

RSI range between 60 and 20 is considered BEARISH and between 80 and 40 is bullish. We had a range shift yesterday, Ill post that later.
Quoting [email protected]
How much is that now? Counting.. Eu at 4314 atm
EU at 4288 now. Who mentioned r:r

Remember not every day is like this. When markets are RANGING lower r:r is always a way to go.

My entries as mentioned above 4327 4335 s/l 4345. Enough for me. Remember 1st out 2nd running for 53 pips.
No chart as I'm at work, just subscribing to a super cool thread

Just what ff needs, great job boys
Quoting frankkn
No chart as I'm at work, just subscribing to a super cool thread

Just what ff needs, great job boys
Thanx and welcome
just wanted to thank you for starting the thread T, i have been quietly following
your work for some time. now instead of trolling thru the eur/usd looking for your posts i can come here. will try to participate in discussions, post my trades with explanations to why i took the trade.

thanks again and best of luck,

sy
Quoting syliss592
just wanted to thank you for starting the thread T, i have been quietly following
your work for some time. now instead of trolling thru the eur/usd looking for your posts i can come here. will try to participate in discussions, post my trades with explanations to why i took the trade.

thanks again and best of luck,

sy
Welcome. A healthy debate is always welcomed Thank you.
I like this thread. Is there a way I can be notified when the thread is updated? Thanks.
Quoting [email protected]
Watch RSI guys. Its the best leading indicator ever. Remember..contrary to many opinions i will tell ya. RSI is NOT OB/OS indicator.

RSI range between 60 and 20 is considered BEARISH and between 80 and 40 is bullish. We had a range shift yesterday, Ill post that later.
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Watch RSI shifting. Blue boxes are bullish zones. We have shifted seamlessly into Bearish zone. That move happened yesterday and RSI shift was the earliest herald. After the move I watched for a negative reversal.
Quoting silverhair
I like this thread. Is there a way I can be notified when the thread is updated? Thanks.
Yes, just subscribe to the thread.
Thank you.
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