Here are the updated orders:
Hello Eddyrj
The TP thing would confuse me with the pending orders that you have been publishing, believing that you placed a TP.
I understand that the SL you place is like an emergency, but you quickly start managing it with the moving average.
Regarding the risk management that you do, it seems perfect to me to always have possible losses under control.
When the price approaches a level and does not touch it, when it moves away and returns over time, do you continue to hold it, or does it no longer have interest when it returns, as has happened recently in GBPCAD?
Thanks for the detailed response.
The TP thing would confuse me with the pending orders that you have been publishing, believing that you placed a TP.
I understand that the SL you place is like an emergency, but you quickly start managing it with the moving average.
Regarding the risk management that you do, it seems perfect to me to always have possible losses under control.
When the price approaches a level and does not touch it, when it moves away and returns over time, do you continue to hold it, or does it no longer have interest when it returns, as has happened recently in GBPCAD?
Thanks for the detailed response.
- #53
- Sep 27, 2024 7:34am Sep 27, 2024 7:34am
In these cases there are several variables. 1- favorable price without moving average 2- price in favor with moving average 3- price in favor without space for BE and without moving average. Let me know your opinion with the management you do. {image} {image} {image}
2. Notice that our entry happens before the moving average is formed, giving us the advantage of riding the average in advance, profiting a bit more. (Here your entry is at the right spot.)
3. Let's wait for GBP/JPY to develop, but the beauty of the strategy is this: entering before the moving average is in our favor.
Our entries in GBP/JPY and EUR/JPY are conflicting, but even knowing that, I'll let it play out. I like this site to check some correlations>>>>https://www.mataf.net/en/forex/tools/correlation
- #59
- Sep 30, 2024 9:06am Sep 30, 2024 9:06am
Everything is going as planned. EURJPY and USDJPY closed in profit, and now AUDJPY has entered the expected setup, securing profit. Only GBPJPY is left to enter profit, but we've already reduced its risk significantly. So, all in all, we had a good operation this weekend and the beginning of the week.
Here are the updated orders:
Here are the updated orders: