Hi LauraT
Do you prefer currency pairs to M5 and more?
Do you prefer currency pairs to M5 and more?
Software tools for LauraT's Roadmap 167 replies
Forex Brokerage Roadmap 4 replies
Best way to read all of someone's posts? 3 replies
Simple way to read chart 11 replies
DislikedJust got finished reading the entire thread, all 102 pages(I have # of posts at max value). A few trades I took overnight. EU Channel Failure(-35 pips). I don't think I did anything wrong here on entry? It seems like just one of those trades. HL structure was still in place, obvious uptrend. Only possibility may be the print of a LH which is shown on the chart. I took a terrible exit on this one for some reason. -35 pips. {image} AU Channel Trade(+25 pips). {image} EU Channel Trade(+13 pips). Overnight I set a target on this one of 80% of the ADR...Ignored
Disliked{quote} Multi-timeframe analysis is a tricky one. It can both help and hinder, so I try to leave it down to individual preference. One way of approaching a M1/M5 trade is to first establish a direction using M15. However, it's also perfectly possible to focus on a single timeframe and trade it successfully. It really depends on what feels right for you. Some people get more confused by MTF analysis while others find the confirmation helpful.Ignored
Disliked{quote} Re MTF I'm guessing you would at least check where the higher TF SMAs were, so as not to trade into possible support/resistance if they are in proximity to the lower TF entry? Or alternatively not to set a profit target the other side of a higher TF SMA? Apologies if already discussed. Not following the thread slavishly but enjoy reading good quality exposition from a native English speaking trader who is apparently successful!Ignored
Dislikedentered short on USDCAD 200ma cross. hit the take profit just above the resistance level. I find myself always taking these short term trades... not sure if its healthy tho {image}Ignored