USD/CAD
Price broke 21 EMA, I'll wait for a pullback to it to go Long targeting 89 SMA.
Price broke 21 EMA, I'll wait for a pullback to it to go Long targeting 89 SMA.
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DislikedUSD/CAD Price broke 21 EMA, I'll wait for a pullback to it to go Long targeting 89 SMA. {image}Ignored
Disliked{quote} Hi Muhammad87, I’m happy someone is still trading this stategy and is active on this thread. I have been learning about Philip’s strategy for about 2 months. What your thoughts on EUR/USD? Thanks to Philip to posting this strategy for public! {image}Ignored
DislikedEUR/JPY TRADE: 11th and 12 th July, 2018 It was a late entry trade, but I took it because the market had a strong potential for an up move. It took about 24hrs for my take profit to be reached. But the setup worth the patience. See chart below for details on entry and final result of trade...I actually took the trade with my tablet/device as my laptop was not set at that moment. The entry is that short blue vertical line pointing at that strong 4hr bullish candle moving away from the 21ema. Take profit was at that thin horizontal blue line. Happy...Ignored
DislikedThere is only a few rules regarding this strategy and if you trade them you will be successful. The problem is people want to become rich quick and then they don't manage their risk well. The main focus should be don't risk more then 2-4% of you capital for all your open positions together and have a Risk:Reward of 1:1.2 minimum and you will make itIgnored
Disliked{quote} Hi for those that are still trading this strategy. It has been some years that I haven't posted here. I went on pension last year but then I was truck by a stroke on 23Dec2017 and only started to recover about the middle of May this year. While I was working I could not realy trade because I could not watch the market live. I did on a very small account. I wanted to start to trade when I went on pension and then that happened but it was all for the good because God is in control. I want to thank naustingfx for his efforts he put in to keep...Ignored
DislikedGBP/USD: Looking for closing the gap and price rejection from 21 EMA to go short. I'm anticipating a down move to 89 SMA. {image}Ignored
Disliked{quote} Hi DvorkaSKS, I'm still learning. My view is: Price broke below 21 EMA and according to the rules it might reach the 89 SMA. The price find support on 200 SMA in between. I favor a retest first for 21 EMA and then look if the price is rejected and begin to go south again. Then the probability to go short will increase. 200 SMA is annoying in this position for short. On the other hand no setup for long until the rhythm back again. {image}Ignored