I still have not understood the rules of this strategy. Maybe you can explain with a chart attached, I'm more of a visual person. And if the entry with a touch of moving averages 400 or 800, why we need the other moving averages?
LONG USD/JPY 5 Min Chart, Hit TP1 and reverse to BE on position 2.. {image}
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Hi CrucialPrice. I see your trade on the chart, the trade is taken when the price goes through SMA 800.
Is it according to the rule? I'm a little bit of confuse about the rule of this strategy.
{quote} Hi CrucialPrice. I see your trade on the chart, the trade is taken when the price goes through SMA 800. Is it according to the rule? I'm a little bit of confuse about the rule of this strategy. Regards, Tom
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Hi Tom, i am trying to make a simple approach to Mr.N strategy, so i am only use one SMA 800, the biggest number one, actually i am late when i am taking USD/JPY setup, ideally when price pullback and touch SMA 800, it is when we enter an order, with 1:1 R:R, and the TP on lowest low / highest high depend on setup, I do not understand the other number SMA function, maybe we need to wait Mr.N to explain on that. Cheers.
{quote} Hi Tom, i am trying to make a simple approach to Mr.N strategy, so i am only use one SMA 800, the biggest number one, actually i am late when i am taking USD/JPY setup, ideally when price pullback and touch SMA 800, it is when we enter an order, with 1:1 R:R, and the TP on lowest low / highest high depend on setup, I do not understand the other number SMA function, maybe we need to wait Mr.N to explain on that. Cheers.
Ignored
Hey
Do not try to make a shortcut
All major moving averages are important because we buy or sell only if the price reaches 400 or 800 after a certain order
This is the order:
32 64
