by gap of 25 do you mean levels of +25 and -25 to the 200 ema
or just 12 pips gap on each side ?
or just 12 pips gap on each side ?
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Dislikedso .....what if when you enter on a 3rd push ....and ..the resistance dosent hold and just shoots up ???
whats your exit strategy for trades ?? especially for ones gone bad ??Ignored
DislikedHi Hoss. I've been trading your system for the past few weeks now and I like it's style. How have you found the past 2 days? I only made 1 trade Monday and 3 yesterday. The market keeps sticking to the 200EMA, there are lots of opportunities, but they are too close to this 200EMA and I wouldn't be following the rules if I got in
Scott.Ignored
DislikedScotty,
I had the same issue with 200ema on GU - not worth breaking the entry rules.
Still trading on the practice account - last 5 trades were +9, +4, -10, 0, +7, so still up for the week.
Cheers
"To live with Passion, it takes Courage and Grace to survive"Ignored
DislikedNice 1 britpip. I've had about 10 trades the whole week. I actually took a trade early cos I was getting fed up with it returning to the 200 after 1 push and got burnt. Luckily I made this back trading properly. Stick to the rules!Ignored
DislikedHoss, thanks for sharing this method. Have been trading it for 3 days now without a loser (5 tp / 5 sl).
Have been trading at the beginning of London (3 hours each day). Am not getting a lot of set ups. I think you mentioned in one of your earlier posts that you trade this during the morning NY session - so Question: are you still trading during the NY morning time frame and for how many hours do you usually trade during the day? (i think you posted once that you see 10 to 12 setups per day.)
thanks again for sharing.....Ignored