Make all possible mistakes in demo and rain in pips in live account
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DislikedWith stochastic we would be able to filter out real breakout. Am currently on EURNZD short, 1hr. Stochastic was on oversold region when the 1.67066 was brokenIgnored
Disliked{quote} EURNZD, Confluence understanding. 1. Weekly chart price close below Middle BB line. (MBB) = 1 score. 2. Daily chart close below Middle BB Line = 1 score. 3. Daily Stochastic is below 20 = 1 score 4. H4 is below BB band out side= 1 score 5. H4 Stochastic is below 20 = 1 score Daily chart price don't break below BB yet & price close below support level. It is probably break out of the support. In my opinion according to your system, Your sell entry got 5.5 out of 6 score. I don't know your entry. But EN in choppy conditions in Weekly chart....Ignored
Disliked{quote} EURNZD, Confluence understanding. 1. Weekly chart price close below Middle BB line. (MBB) = 1 score. 2. Daily chart close below Middle BB Line = 1 score. 3. Daily Stochastic is below 20 = 1 score 4. H4 is below BB band out side= 1 score 5. H4 Stochastic is below 20 = 1 score Daily chart price don't break below BB yet & price close below support level. It is probably break out of the support. In my opinion according to your system, Your sell entry got 5.5 out of 6 score. I don't know your entry. But EN in choppy conditions in Weekly chart....Ignored
Disliked{quote} I got into EN on 2/9/2021 on 1hr when it broke below 1.67066 supportIgnored
Disliked{quote} Ok I thought you use daily chart to enter the market. BTW I am predicting you enter any of this 3 candle. Previous day price was in narrow range, You anticipate break out of the range. Good concept. probably number 3 line is your entry. {image}Ignored
Disliked{quote} You're very correct. I got in at the marked position. I have to wait for one more candle after the breakout. If you have been trading breakout, you would observe that sometimes we enter immediately after the breakout the market would reverse. Am very careful with breakout even with stochastic supported ones. Am still holding on to the position,Ignored
DislikedCADCHF has broken resistance while Mr Stochastic is still on overbought, on 30 mins. chart. Happy tradingIgnored
Disliked{quote} You're very correct. I got in at the marked position. I have to wait for one more candle after the breakout. If you have been trading breakout, you would observe that sometimes we enter immediately after the breakout the market would reverse. Am very careful with breakout even with stochastic supported ones. Am still holding on to the position,Ignored
DislikedEURGBP resistance breakout on 30 mins, while stchs is on overboughtIgnored