It could reach atleast 230.50 before a reversal.
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Dislikedaus,
using the daily 5 sma high/open/close strategy how do u determine price targets?Ignored
DislikedAus, is the file size of that pic too big for forex factory? i am not seeing anything.Ignored
Dislikedaus,
just tryin to understand your chart. the first purple line at 231.39 is the close before the weekend so geppy hitting that point would be "filling the weekend gap", right? i have heard term that a few times and i just wanted to make sure that is actually what itmeans.
what is the second purple line (231.99) from?Ignored
DislikedHi aus how are you mate. please tell me if what i am going to say has logic and corect. daily mom super bearish all pointing down. but new 4 hour mom, 10c very bulish 1c and 14c flat to bearish. i understand that the price will not drop in this 4h time frame because that 10c will suport it until the next candle.Ignored
DislikedHi, Aus and Bruce.
I modified the Momentum-Multi indicator to calculate the OB/OS levels for each time frame according to your guidelines (carving out middle 2/3's). Aus, wondering if you might look at the OB/OS levels to see if they are about what you would approximate.
Bruce, you could probably make this better.Ignored
DislikedHi Aus. Just wanna ask if you set your stop to BE after a certain point on your 15m strategy.Ignored
Dislikedwe didnt have a 15min strategy long trade for this week. Price is still below the 1hr 100sma.
I took this long trade from the Daily Momentum strategy at 226.28 and I have moved my stop loss to 229. Target is 232.Ignored
DislikedSorry Aus I meant if setting the stop to break even is a part of the 15m strategy or is it discretionary? Thanks.
Edit:
Would you suggest for example settings stop to BE when you get +50 or something? ThanksIgnored