Make all possible mistakes in demo and rain in pips in live account
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Disliked. Positive points line up for the short setup. Firstly, price failed to break 147.864 resistance while stochastic was on overbought region. The main and signal had crossed each other and left overbought. Secondly, last candle was shooting star below the resistance.Ignored
DislikedAUDUSD has formed strong bullish consolidation, strong Bullish Engulfing.Ignored
Disliked{quote} GM, what do you think of the setup forming on GBPUSD weekly/ daily timeframes??Ignored
Disliked{quote} Yea, I have been in this pair since 23rd, May. It was based on stochastic, weekly price to break resistance. It's gradually moving nowIgnored
DislikedAUDUSD has formed strong bullish consolidation, strong Bullish Engulfing.Ignored
Disliked{quote} Hi 9ja, its nice for a change to have 5x trades running in plus, but i do have a Q!! How do you apply your TP?? I am working on the D/H4 principle. When do you bring your SL closer?? Thanks for your time!!Ignored
Disliked{quote} i am still confused on how to place stop loss and how to determine where take profit to be placed.though i understand entry point is when there is a breakout on the daily/weekly is closing or closed above the middle band and 4hr/daily closed above the upper band.but i have few question to as: i want to know where stop loss is to be place. (1)Do i place it below the candle that break the daily/weekly that is closing or closed above the middle band or where ? (2) how do i determine take profit as well.Ignored
Disliked{quote} Hi 9jatrader. I have been watching your thread with interest. I made some bad moves and now I have to cool off a bit. Indeed, it takes a long time to find a good entry especially on these long time frames. Looking at your last example, AUDUSD, are you going to wait for the candle on the daily TF to close on the upper band? This might take a while...at least 1 week or so. Once it closes on the upper band, I noticed there will be some retracement...that's what killing my position. I'm thinking maybe I just place a pending order...Ignored
Disliked{quote} So would you say the bias is short, acc to the W/D1 method? I will watch it closely on Monday!! Have a nice weekend!!Ignored