you are basically counter trading when taking action on bounces so when price is going up you sell and going down you buy.
GL
Stay the Course
2
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DislikedI wanna show you guys something, just my humble take... Since the Trend issue has arisen which was a given, very common one and an important one, so I address it with example, so you all know where I am coming from. Look at the first chart which is the weekly chart. We had one of the longest lasting bear trends in E/U in recent times. It lasted 15 months, that's 60 weeks for total of 27Cents or 2700 pips. The overall trend has been bearish (dollar strong) since 2008... leg down in 2008 another leg down 2014 and this last one as I just pointed out....Ignored
DislikedI wanna show you guys something, just my humble take... Since the Trend issue has arisen which was a given, very common one and an important one, so I address it with example, so you all know where I am coming from. Look at the first chart which is the weekly chart. We had one of the longest lasting bear trends in E/U in recent times. It lasted 15 months, that's 60 weeks for total of 27Cents or 2700 pips. The overall trend has been bearish (dollar strong) since 2008... leg down in 2008 another leg down 2014 and this last one as I just pointed out....Ignored
DislikedThe buy limit at 9947 LV was hit a bit ago, got a good initial bounce let's see if it forms into a real one.. tp is up top around 90 pips. {image}Ignored
DislikedHello Nadi! {quote} I understand your method and targets, but right in this situation - why 9947? There is no extremum at this price, so could you please show the logic of making this level significant? Thank you!Ignored
DislikedObjective reached. 1- SL (-30 pips) 2- TP (+95 pips) Nadi-fx you said that it moves BE when it goes 30 pips in its favor, but in case you see that it is close to 1:3 and it turns against you in a significant way, act in some way if you are in front of the screen or let it develops alone without acting? {image}Ignored
DislikedDo you use horizontal price alerts so you know that price is close to an area of intrest, pre-marked level, to place your pending orders? If so, would you share how you do that. I'm assuming that you just don't place pending orders at every level that you identify.Ignored