cad/jpy trade that I am currently in.
PA now at some support so thinking about locking in some profit.
PA now at some support so thinking about locking in some profit.
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DislikedHi AC
If at 0700 GMT, you notice that the signals for the system were all generated pre 0700 GMT and getting in at 0700 would be getting into the signal late, do you still go in or do you wait for another fresh signal start?
In any trades this morning?Ignored
DislikedHi Delta,
Good question.
Yes I tend to go in on a trade at 7 a.m if the indicators are correct.
I am currently in eur/usd.Ignored
DislikedI got a signal for g/u as noted by the brown line.. Entered at 0800gmt and the euro news had impacted in a weaker dollar. This got me stopped out with a -42pips
It looks like you are on the right side of the news for e/u, congrats!!
On the same topic as the question this morning, I am looking at the e.u trade and the signal candle finished at 0600 GMT, does that mean at 0700, you go in one signal late?Ignored
Dislikedhi acartwright....i entered a long in euro at 1.3077 as +dmi (up from 19.7 to 24) is greater than -dmi & adx rose from prev 28 to 28.3...watching stop 1 pip below low at 1.3048. is this entry correct? tksIgnored
DislikedThe low of the signal candle on my chart says 1.30477 but looking at that candle it does not have a wick and entry is so close to stop that it doesn't give the pair to breathe. So taking the previous candle's wick low at 1.30355 and I have a 2pip spread on my a/c so
I would set the stop to 1.30335
As soon as you are +31.6 pips then set it to b/e
(This is my personal opinion, I may be wrong.)
I hope this helpsIgnored
Dislikedhi acartwright and deltaworld, what's your common strategy for tp? do you look at sup & res levels to decide? cos in current euro trade, i've moved sl to b/e initially but as price went higher, have trailed stop to 1.3107 just in case it retraces. also tempted to get out here cos want to enjoy the champs league game in abt an hour's time without any position. can advise? tks.Ignored
Dislikedif you have time to monitor it, a FF trader on this thread had a great exit strategy, so simple on the MA at 8 candles and if it closes twice consecutively below then you get out, but whatever you feel is appropriate.Ignored
DislikedAnyone else take this trade...my entry was timed using my M1 and M2 systems.
I always watch this pair. Hung with trade most of day while at work....as long as price stayed below 8MA.
Closed just above 126, although I should still be in the trade as price still below the 8MA. Exit strategy was to stay in the trade as long as price did not close above the 8MA for two consecutive candles.
The best entry was on the first or second candle of the day...but it's hard for me to enter a trade that early in the week.
Cheers
CanuckCTIgnored
DislikedHi SHolmes. The exit strategy relating to 8MA is the one attached here from CanuckCT, which he demonstrated on eur/jpy (chart shown). This I have quickly back tested this on a few trends and when you have long trends it can keep you in them to the very end, but when there are quick reversal you may be caught out, especially on news releases or big sudden changes in market sentiment.Ignored