Re entry only after 1st entry applied +ve stoploss
wise man say, only fools rush in
- #164
- Feb 9, 2023 11:40am Feb 9, 2023 11:40am
MARKET DOMINANCE
Measuring market dominance either USD weak or strong on my opinion depends on 3 pairs category.
1) USDJPY, USDCHF & USDCAD (USD pairs)
2) EURUSD, GBPUSD, AUDUSD & NZDUSD (Mix pairs)
3) USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY, CADJPY & CHFJPY (Yen pairs)
When USD dominance strong, all USD & Yen pairs will be in the same upmove while Mix pairs will be downmove.
When USD dominance weak, all USD & Yen pairs will be in the same downmove while Mix pairs will be upmove.
This is only for searching dominance of USD but not the entry,
It will help best in making decision of the entry pairs selected.
Below is the example of USD in strong dominance using 1 hour chart.
Of course it's not the entry part or trading basket. Just for my reference in making entry decision.
Measuring market dominance either USD weak or strong on my opinion depends on 3 pairs category.
1) USDJPY, USDCHF & USDCAD (USD pairs)
2) EURUSD, GBPUSD, AUDUSD & NZDUSD (Mix pairs)
3) USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY, CADJPY & CHFJPY (Yen pairs)
When USD dominance strong, all USD & Yen pairs will be in the same upmove while Mix pairs will be downmove.
When USD dominance weak, all USD & Yen pairs will be in the same downmove while Mix pairs will be upmove.
This is only for searching dominance of USD but not the entry,
It will help best in making decision of the entry pairs selected.
Below is the example of USD in strong dominance using 1 hour chart.
Of course it's not the entry part or trading basket. Just for my reference in making entry decision.
wise man say, only fools rush in
- #166
- Edited 6:41am Feb 13, 2023 5:55am | Edited 6:41am
STOPLOSS STRATEGY
By using this stoploss strategy, we can control risk & expand rewards.
When price hit 1st target & the 1st entry closed, 2nd entry has no risk
at all as it's stoploss moved to positive stoploss (BE).
2nd target will expand the reward.
If the price hit stoploss then both entries will be closed as both
stoploss for 1st & 2nd entry is equal.
example :
By using this stoploss strategy, we can control risk & expand rewards.
When price hit 1st target & the 1st entry closed, 2nd entry has no risk
at all as it's stoploss moved to positive stoploss (BE).
2nd target will expand the reward.
If the price hit stoploss then both entries will be closed as both
stoploss for 1st & 2nd entry is equal.
example :
wise man say, only fools rush in
- #167
- Edited 9:36am Feb 14, 2023 8:34am | Edited 9:36am
Example of stoploss entry.
BE second trade when first trade hit target #1
Before news release
No BE for 2nd entry, the profit = risk
After news release
BE for 2nd entry trade 1 = risk free & reward expand.
BE second trade when first trade hit target #1
Before news release
No BE for 2nd entry, the profit = risk
After news release
BE for 2nd entry trade 1 = risk free & reward expand.
wise man say, only fools rush in
- #168
- Feb 14, 2023 9:14am Feb 14, 2023 9:14am
Minimize Risk & Expand Reward
This chances appear when previous trade entry #2 in profit.
At least the positive stoploss for first trade can be placed equal to stoploss level for new entry.
It can minimize risk at least Reward to Risk Ratio at RR 1:0.5
While reward will be more expandable.
Example as below :
This chances appear when previous trade entry #2 in profit.
At least the positive stoploss for first trade can be placed equal to stoploss level for new entry.
It can minimize risk at least Reward to Risk Ratio at RR 1:0.5
While reward will be more expandable.
Example as below :
wise man say, only fools rush in
