DislikedNice job Hell7 thats how you monitor charts. double top was exactly what it was. Look at longer time frames too it will tell you the overall trendIgnored
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DislikedNice job Hell7 thats how you monitor charts. double top was exactly what it was. Look at longer time frames too it will tell you the overall trendIgnored
Disliked:nerd: Correction...
"Youpoo" is sort of the same thing as "You poo" which sounds like you're calling someone a turd. Like "you dork" or "you _______" ((fill in the blank with your favorite personal insult))
I believe you're looking for "Yoopoo" (no "u" in the "you") which would be Codespeak for a "you know what" in the Yoorow curency pair...
So, take that you undercover commie pinko borker spies sneaking a'rd as a "guest" at the bottom of the page. WE SEE YOU!! YOU CAN"T HIDE!!Ignored
Disliked:nerd: Correction...
"Youpoo" is sort of the same thing as "You poo" which sounds like you're calling someone a turd. Like "you dork" or "you _______" ((fill in the blank with your favorite personal insult))
I believe you're looking for "Yoopoo" (no "u" in the "you") which would be Codespeak for a "you know what" in the Yoorow curency pair...
So, take that you undercover commie pinko borker spies sneaking a'rd as a "guest" at the bottom of the page. WE SEE YOU!! YOU CAN"T HIDE!!Ignored
DislikedHow small would one's TP need to be for it to get hit 98.9% of the time in relatively volatile market conditions?Ignored
DislikedHow small would one's TP need to be for it to get hit 98.9% of the time in relatively volatile market conditions?Ignored
DislikedCan't set a specific TP for trades in general... a lot of factors to consider...
You could have someone that makes 1 trade per week with a 10 pip TP and 100% success rate for several months in a row... possibly longer...Ignored
DislikedHey, by gum, that sounds pretty good. Why don't more people trade that way - do you ever wonder?
Of course, one does not have to limit oneself to one trade per week. With a small TP and the right PA conditions one can make many trades per day, probably many trades per hour, and still have close to 100% success.
Right now I am just playing with a 3 pip TP, but these PA conditions are not the best. I am still exploring in order to find the best PA/currency pair times...Ignored
DislikedA lot of successful traders DO do it that way.
But doing it this way you can definitely have a very high success rate.
Or you can do what I did (gave in to the "need to trade") and ended up doing it backwards (yes, that is a short entry on the low with an exit on the high...)Ignored
DislikedHi F.x.,
Yes, I think you are right about trading around the S/R levels. I am looking for sideways price action, but with some good volatility, too. I seem to find it around the FO/LO pretty regularly. For instance, if I'm trading on the 1M tf, I look for runs of 3+ pip candles; if on the 5M tf, runs of 5 pip candles, etc. When I see the PA jumping up and down on these small tf, I know that a buy/sell with a tight TP is going to get hit.
Trading these little wavelets such as are evident on the short tf in E/U right now can be done with pretty...Ignored
DislikedHi F.x.,
Yes, I think you are right about trading around the S/R levels. I am looking for sideways price action, but with some good volatility, too. I seem to find it around the FO/LO pretty regularly. For instance, if I'm trading on the 1M tf, I look for runs of 3+ pip candles; if on the 5M tf, runs of 5 pip candles, etc. When I see the PA jumping up and down on these small tf, I know that a buy/sell with a tight TP is going to get hit.
Trading these little wavelets such as are evident on the short tf in E/U right now can be done with pretty...Ignored