And, if you don't mind be pickin' yer brains, where would you set your stop loss and what sort of profit target would you be looking for on a 'reversal?' trade like this.
Regards
Paul Eamonn
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Selling USD and YEN is a no brainer. 12 replies
DislikedLooking like a good call RC. Did you get a fill?
And, if you don't mind be pickin' yer brains, where would you set your stop loss and what sort of profit target would you be looking for on a 'reversal?' trade like this.Ignored
DislikedYou won't be put off by the fact that there was just a 100-ish pip retracement from a level that close?Ignored
Dislikedhi guys.. im really intresting with no brainer since it is very logical to me.. but I can manage to decide which one is the good S/R.
I have already read the pdf and train it in demo account which's i ussually win.. but bad things happen when I use the real accout..
any guys hv suggestion? espesially in deciding the S/R in TF 1H and 4H..
tq.. sorry for my bad english..Ignored
DislikedWhy not consider also the trade from the actual level (about 9000) to 9085 since it look like being with the trend so it could be a buy limit order around 8970 with partial TP around 9070.
What do you think?Ignored
Dislikedmy long @ 8970 is already 40 pip in the money. moved my SL to BE
luck?Ignored
DislikedThe 90pip fall from 12514 did put me off a bit but the strength of the next push to 12530 was perfect as it means all the sellers would move together.
A NBT of 84 pips.
All the answers really are in this thread and the pdf.Ignored
DislikedNo it's not luck because you identified the trade and took it. Everyone uses this method in their own way, you'll often hear the phrase "trade what you see", your charts hold the key to your success not anyone elses.
I see 8970 s/r better in 5min but I only go down that far to watch price action.Ignored
DislikedThe 90pip fall from 12514 did put me off a bit but the strength of the next push to 12530 was perfect as it means all the sellers would move together.
A NBT of 84 pips.
All the answers really are in this thread and the pdf.Ignored