Opening price US30

Quoting since80808

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{quote} Dear friend, As I can see ADR of us30 is still ~400. What do you think about your starting idea: Stop 100 pips Tp 50 pips TS 35 pips guarantees 2 pips of profit ?

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Quoting Froggy

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{image}

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Quoting forex1x8

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{quote} Friend I work my entries making calculation of risk x reward by percentage. I will always win the same amount of money or lose the same amount, regardless of my TP and STOP. The only difference is the speed of operations. I'll give you an example with a 5k account. 1% risk = $ 50 dollars Reward 0.5% = $ 25 dollars INPUT 1) STOP 100 pips TP 50 pips My lot in this entry will be 0.05 ($ 0.50) per pip STOP 100 x $ 0.50 = $ 50 dollars TP 50 x $ 0.50 = $ 25 dollars INPUT 2) STOP 20 pips TP 10 pips My lot in this entry will be 0.25 ($ 2.50) per...

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Quoting forex1x8

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{quote}my entries making calculation of risk x reward

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Quoting since80808

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{quote} Dear forex1x8! Excuse me, but my question was not about a r|r calculation. It was about profit\loss targets idea based on ADR (as you wrote it at your 1st post). What do you think right about this? Thank you for your thoughts!

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Quoting Froggy

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{image}

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Quoting LarryK

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Hi This instrument is just like any other, it just so happens that it is related to a market that opens at 9.30 NY time, it is a futures instrument so it trades on an expectation of where the real market will go and not what it actually is doing because the real market is only open for a limited time. The US30 has been ranging since Monday as per the attached chart so for now you can trade that range until it breaks out one way or the other, it is only about 200 so not much above or below the open. The best entries are near the top and bottom of...

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Quoting scsstnt

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{quote} Hello Larry,excellent point,I trade using Order Blocks and this is why i'm not seeing clear breakouts at times.There is so much money to be made in that range with LTF.This is why i'm not posting charts,its an advanced strategy I'm using,which is not related here.Market makers know at 9.30am the world is going to trade breakout on US30...,you think they will allow 1 billion traders taking 50 pips everyday ! no,no,no,no it don't work this way,they have the best surveillance cameras money could buy.....lol,not everyday this will work,this...

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Quoting forex1x8

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{quote} Good Morning What can you teach us? Feel free. Show your suggestions, what can we improve? Grateful

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Quoting scsstnt

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We can identify bearish and bullish engulfing candles,keep an eye out from those at major levels and monitor its purpose,with the breakout.You'll have either a retest and sell pressure which means the breakout will not last or a further break and run as you may call it retesting higher prices and we have profit,these 2 things can happen {image}

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Quoting forex1x8

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{quote} First of all, thanks for your attention. 1) What are enveloping candles? 2) These blue line levels? 3) This retest that you talk about the rupture, do you accompany it with a specific rupture candle? Sail M15, or M05, or M01 for example? Grateful

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Quoting scsstnt

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{quote} You're welcome, engulfing candles,you can refer to the following diagrams and they fall along the blue lines,this is where I expect a directional movement or reaction zone.Depends on where it appears within the structure Due to copyright infringements i didn't want to publish the writing,it came from a book,but the basic structure are the candle's formation,found at the blue lines. {image}{image}

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Quoting forex1x8

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{quote} excuse me What does the acronym CS mean? Low body CsA? Are these candles at breakage?

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