This exploded chart is the reason behind the tweak. CCI had closed around 19.
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Zero point Zero 178 replies
from zero to zero way 66 replies
Draw vertical line at 15min zero second intervals 18 replies
trade the reject of Sup/dem line 31 replies
DislikedHi Mello, The concept behind the trade makes sense. Currently in a 5 min UJ which is working out. We'll see what the end result is, but at least with this approach there seems to be a fighting chance of hanging in there. Thanks for the suggestion and approach. Good job !! WGTIgnored
DislikedThanks for the response Mello, Here is the trade in current position. At least a BE if it comes back at me. {image}Ignored
DislikedYes, things worked out pretty well for that trade. I do believe knowing where one is in relation to a prior move helps determine the probability of a trade evolving in a positive or negative direction. Thanks again for your feedback, Mello. WGTIgnored
DislikedCurrently in this USDJPY Buy on the 15min. I think I executed correctly how does it look? Moved stop up to minimize risk since price has moved alot.{image}Ignored
DislikedWow that was quick!! my TP was hit while i was posting my first post! Got lucky, news hit that went in my favor. Next time I'll check first.{image}Ignored
Disliked{quote} Great looking chart AK, I hope you adjusted your stop way before you read this, it's making a deep retrace, you've got a great start. I would tidy up the entry just a little bit. Just like me, a bit more practice. This strategy is new. Anything profit is fantastic. The only thing, you could have entered a little bit sooner. Keep an eye on them stops too. It looks great AK. Thank you so much for sharing. Thx RenoIgnored
Disliked{quote} Yes I agree my entry could have been tighter. My TP was hit before the retrace. Thanks for posting the strategy! Going to stick with itIgnored