DislikedI'm trying this system out. I just made the following orders on a demo account, using the 1 hour chart:
Sell eurusd at 1.25003
Buy usdchf at 0.96125
Sell eurjpy at 98.788
So far, it's not looking good... :-(
What did i do wrong?
Thank you in advance for helping out a beginner!!Ignored
1. If you look at the H4 chart, included below, you'll see that the E/J has been moving consistently up since June 1st. That's why I would not have shorted it.
2. If you look at the H1 chart, attached below, you see the same. The green line is where I went long last night, the red one is my stop loss. If you look closely, you'll see two small blue arrows connected by a dotted blue line. That's where a prior long trade placed 2 days ago was stopped out due to too tight a SL. I'm giving this ongoing trade almost 4 times the SL.
3. The last chart is the M15 chart from which I trade, and shows the status of my trade before I hit the sack. Its given back like 30 pips since then but this is a test account so I'll keep it open to see what happens.