Hmmm...Interesting...actually, i see a H4, slanted trendline collapse with SETUP chart at M30, Trigger chart at m5. I didnt get in though. i missed it. The trade was triggered at 9am london time. Anyways, i am curious to see if it will reach the projected price target of 1.3966.
On m5, eur/usd is a very UGLY MESS.
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Look at EUR/USD go! the force is strong with the slanted trendline collapse.
It is also a LOB breakout too. DAMN! I failed to catch this LOB. Chart attached.
EUR/USD is not in Hectors list of great LOB charts, I will have to add it as there were no other safe LOB this morning. G/U possibly, but news.
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I know. Hector limited the LOB to GBPs and EUR/CAD, EUR/AUD, ETC. he eliminated all the CHFs and the EURGBP, and EUR/USD. Yeah, but if a solid setup and solid breakout happens between 7am to 9am for any of the CHFs, EURs, GBPs, LOB or not, i am taking it. I will just be mindful of hector's warning about them, that is all, and be more aggressive with intra trade money management.
How much of that move is due to slanted trendline collapse or LOB-version? WHO is to tell? I think both. I just wish i had seen it earlier.
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Joined Jan 2009
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Status: pip sniffer
|223 Posts
1st attempt at a touch trade. Confluence of 50% fib from last swing, previous swing low, and 50sma. Limit sell entry at 1.4025 with a 20 pip stop. Target of 1.4005 hit, 1:1. Didn't want to try and push this past the round number. Hopefully future tades will have a better risk:reward.
1st attempt at a touch trade. Confluence of 50% fib from last swing, previous swing low, and 50sma. Limit sell entry at 1.4025 with a 20 pip stop. Target of 1.4005 hit, 1:1. Didn't want to try and push this past the round number. Hopefully future tades will have a better risk:reward.
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That caught my eye as well but the round number spooked me a little after I got bitten the other day.
That caught my eye as well but the round number spooked me a little after I got bitten the other day.
Good job!
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This was only on demo at the moment. If I can be consistent with this for 3 months, it'll go live. The key for me here was getting my stop to BE pretty quickly.
This was only on demo at the moment. If I can be consistent with this for 3 months, it'll go live. The key for me here was getting my stop to BE pretty quickly.
Best,
Chris
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I'm looking to do the same in a demo account for a while. I'm still focusing on Hector's method and trying to get to a point that I feel confident. I keep a close eye on what you guys are doing in this thread and I'm learning tons from it.
Hey guys....I think today is the day we're all gonna make some mad pips! I can feel it. If I do well today you all are invited to my new Brazilian beach house!
Hey guys....I think today is the day we're all gonna make some mad pips! I can feel it. If I do well today you all are invited to my new Brazilian beach house!
Tell Paulette to bring her bikini!
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OH MY! ok lets just find out what is the objective of the bikini? attract or repell... Ok, I'll act as TP3-5, attract...
The "blonde" earlier in this thread, Custos I think, thats me!!!!!
1st attempt at a touch trade. Confluence of 50% fib from last swing, previous swing low, and 50sma. Limit sell entry at 1.4025 with a 20 pip stop. Target of 1.4005 hit, 1:1. Didn't want to try and push this past the round number. Hopefully future tades will have a better risk:reward.
1st attempt at a touch trade. Confluence of 50% fib from last swing, previous swing low, and 50sma. Limit sell entry at 1.4025 with a 20 pip stop. Target of 1.4005 hit, 1:1. Didn't want to try and push this past the round number. Hopefully future tades will have a better risk:reward.
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If I were you, I would have left 50% open for it to run to the last swing low. Then your R:R is definitely not bad. For such trades with the trend it's good to take off 50% pretty fast and then move stop to b/e and let the rest run to your next target (maybe last swing low) or even further.
1st attempt at a touch trade. Confluence of 50% fib from last swing, previous swing low, and 50sma. Limit sell entry at 1.4025 with a 20 pip stop. Target of 1.4005 hit, 1:1. Didn't want to try and push this past the round number. Hopefully future tades will have a better risk:reward.
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the USDCHF makes a more attractive target. h4/h1. There is the ISM news and the ADP red-labeled news USD.
