DislikedHi mhemam2005,
I attach 2 pics about my trading today on EURUSD; one is about 5M TF and the other is about 15M TF. Imran setup OK on 15M and 30M.
Entry, I think a bit too early, @ 1.5468 H10:32 GMT (SHORT);
SL @ 20 pips + spread, total 22 pips;
I was pretty confident about my stop because price was below 60EMA and 200EMA on 5M TF, and below 60EMA on 15M TF.
As you can see, 200EMA on 5M worked well as resistance level.
TP @ daily S1 @ 1.5418 for a profit of 50 pips.
As soon as price stroke 1,5444 (fib support 1), waited for next candle pullback and as price went below 1,543 I set SL @ 1,5448 (20 pips locked in)Very happy about that, news on oil coming out in less than 1H, my trading for the day is finished. I hope I was clear enough.
Keep up the good work.
Celext
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sure I am pleased to have your comment on my trades
I trade eur/usd and cable too
for me frankly, i would not enter the trade where u enter , the reason is that the blue lag is too down u see in your chart?
do not u think it is signaling that a bounce up will be
for me
i would enter form the candle lined in the attached chart
for me i am really rush in before and trade this method live on real account but i had loss ( may be due to trading gbd/jpy.
so i am now demo trading this method
regarding exit piont i try to have 2:1 ratio
if achieved even before resistance or support line I exit soon
and of course i go for break even after 20 pips
again, very happy to have contact with you
please if ok for u send me PM for your messenger ID