DislikedThanks Howard, my ema isnt pierced by this latest bar mmmm I am on Alpari UK demo.Ignored
Regards
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DislikedThanks Howard, my ema isnt pierced by this latest bar mmmm I am on Alpari UK demo.Ignored
DislikedHi Howard,
So, to make sure, here is what should be done when the current bar closes and it proves to be a valid buy setup bar:
1- Move the SL for the in-market sell order we've had to be 5 pips on top of its high (the newly formed setup bar). This will be to lock in the profit (incidentally, when can we liquidate that?)
2- Place a buy stop at 5 pips higher than the top, with SL 8 pips lower than the low, beause the setup bar is carried the signal to do so.
3- Delete the previous pending buy stop which was meant to be the reversal of the...Ignored
DislikedWhen setup bar is formed and closed, we move the stop loss and stop reverse to 5 pips+spread above it, remember these are buy orders so you should add spread.
We also place a stop loss for the long entry 5 pips below the low of setup bar
previous orders can be cancelled and new orders placed or previous orders can be modified as aboveIgnored
DislikedRemember the drawings which became popular in the early 90s, where you have to stare at nothing but dense colored dots and you're supposed to see something like a dog, or the space shuttle, etc? I spent weeks not getting it, because I was examining every detail of the drawings trying to spot the patterns they spoke off. And finally, it wasn't anything like that.. you simply had to remove your focus, and there you have it, it jumps at you and can't miss it even if you want to. Well, I am getting there The problem has been is the rules go back...Ignored
DislikedSell from 1.5378
stop loss 1.5373
buy stop 1.5373
stop loss 1.5218Ignored
DislikedLong again at 1.5373 on aplari uk with short out @ approx. b/e - real roller coaster over the last few days but the system is proving its robustness in not giving up too much of the gains..lets hope this long gets some momo behind it..Ignored
Dislikedjust a question, now we have to reverse the trade (a Sell order at 1.52225?) or since it was in the same candle we just stay out of the market?Ignored