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QuoteDislikedSomething is coming there AUD/NZD.....
DislikedHi Sherminator,
Thanks for posting your chart. The only thing I have to ask about is your stop loss. I see how far away you have it and that looks to me to make the trade less than a 1:1.5 R/R.
But beside that, is it too far away? I thought Dra wrote to have the s/l 15 or so pips away from the trend line. Am I wrong?
ThanksIgnored
DislikedHi Shermenator,
Thanks for posting your chart. The only thing I have to ask about is your stop loss. I see how far away you have it and that looks to me to make the trade less than a 1:1.5 R/R.
But beside that, is it too far away? I thought Dra wrote to have the s/l 15 or so pips away from the trend line. Am I wrong?
ThanksIgnored
DislikedJuicyt and Sherm
I'm in with Shermenator on this one but with a variation. I waited for 1.1045 resistance to break b4 entering, SL just below consolidation @ 1.0000, and if it breaks resistance at 1.1085(which it's doing now) my tgt is 1.1200. Also a trailing stop @ 30 pips. That's a 3:1 ratio. Dont take this wrong Sherm, I am not bragging. There are plenty of stupid trades in my portfolio. I'm following u onthis one because its a good trade.Ignored
DislikedI was an hour late, so I stay out of this trade, hope yall are in.
Entry shown below. Market test the up TL, pulls back and forms nice evening star. There was a breach of the inner TL, but it was a break above. A bull candle would to have to open and close above the TL to consider it a break.Ignored
QuoteDislikedDid I draw this new trendline a little too early or is it ok? Thanks Guys
QuoteDislikedDid I draw this new trendline a little too early or is it ok?
Thanks Guys
Dislikedyeah, that's wot i have on my chart but one TL is missing, price has made another hi which shd be linked with TL But i don't understand wot u r trying to achieve with the fib as i can't see any 123 or abc, i might be wrong reallyIgnored