[quote=shane s;5276742]
Thank you for your reply shane, i was thinking if it breaks the SMA200 that's gonna be my TP and if it going well i'll continue to go to the the red arrow on top.
Thanks, Other opinions are most welcomed
DislikedI've been following this thread and found it very useful and user friendly. Here is one of the case i have.
From below xau chart, i found my entry to buy is not good
1. because SMA 200 and SMA 10 is not sync ( if sma 10 below sma 200 we should only sell) but the sma 10 suggest buy
2. the biggest reason for making it a bad trade is because the entry is tooo close S/R aprox : 50 pips
3. The close candle makes it a reversal sign ( inverted hammer ) and also possible double top pattern.
4. i was late to make the entry (...Ignored
Thanks, Other opinions are most welcomed
Risk Less Gain More, Trade Less Make More