One thing I wanted to point out. If you trade the Aud/Nzd, look at the daily chart right now. It has been switching between from blue to red. This is why you should wait until the candle for the TF closes.
Pete
Pete
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QuoteDislikedI would also recommend, Trading in the Zone.
DislikedGuys,
You need to remove emotion from your trading. Find a set of rules that give you consistent gains and follow them. Do not waiver. This is probably the hardest thing to do as a trader. Read the rules for turtle trading. Dennis Richards stated that anyone can learn the rules for his method of trading but most would fail because you must follow them CONSISTENTLY. Not sometimes. Every time. This method of trading the slope is a good one as there are others on this forum. Pick one, mold it to your liking, and follow it consistently. I would also recommend, Trading in the Zone.
PeteIgnored
QuoteDislikedI believe that pete sl on gbpusd was hit because gbpusd was already oversold and i think that we will experience change in slope latest by thursday 5pm est time.