Nice to trade with you all.
City
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DislikedHi to all,
This is my 1st post on this thread.
I have done the following trade. Comments are welcome.
Thanks to all and especially to Sho, who have assisted my understanding of price action.
Regards
Martin
Edit: Stopped out -21 pips at high of pin bar.Ignored
DislikedCity,
I did a similar exercise (before that recent nice move down) and below is what I saw (in hindsight) today.
To keep the chart clean, no S&R has been used, but in practice it would be.
With most SLs for these trades at 10 pips, the chart could have been traded by maintaining a strict 2:1 RR.
I caught just 3 of these moves which I'm pleased about since it was such a choppy day due to the holidays in UK & Japan.Ignored
DislikedCity,
I did a similar exercise (before that recent nice move down) and below is what I saw (in hindsight) today.
To keep the chart clean, no S&R has been used, but in practice it would be.
With most SLs for these trades at 10 pips, the chart could have been traded by maintaining a strict 2:1 RR.
I caught just 3 of these moves which I'm pleased about since it was such a choppy day due to the holidays in UK & Japan.Ignored
DislikedHi to all,
This is my 1st post on this thread.
I have done the following trade. Comments are welcome.
Thanks to all and especially to Sho, who have assisted my understanding of price action.
Regards
Martin
Edit: Stopped out -21 pips at high of pin bar.Ignored
DislikedCity,
I did a similar exercise (before that recent nice move down) and below is what I saw (in hindsight) today.
To keep the chart clean, no S&R has been used, but in practice it would be.
With most SLs for these trades at 10 pips, the chart could have been traded by maintaining a strict 2:1 RR.
I caught just 3 of these moves which I'm pleased about since it was such a choppy day due to the holidays in UK & Japan.Ignored