I am short Eur/Chf. set up on weekly, sntry on daily/ 4H. Nighmoves entry. break of retracement line.
Daily Bar Analysis - All Pairs/All Welcome 15 replies
Trend Trading All Currency Pairs 3 replies
Dislikednice, now it looks like pin bar forming on Gbp/Usd. on IB FX.Ignored
Dislikedi am at +32 pips. which is equal to my risk. i am moving my SL to breakeven entry point +2 pips. 112.33
111.60 and 106.30 are my final price targets. any suggestions, custos?Ignored
DislikedI was wondering one thing, how do you avoid fakeouts? What is your exact entry rule?Ignored
DislikedSetup: Blue line is a 100 bar SMA (close), Green bar is a 200 bar SMA (close) on an M5 chart, any currency. When these two SMAs are flat and Price converges with them, anticipate a trend. Being ready before the trend occurs will help you catch it as close to the start as possible.
I don't claim to know which direction price will trend (IMO it is 50/50), but for clues as to the direction I use the relationship of price to the H1 100 SMA and H1 200 SMA (price above both, bullish, price below both, bearish, price inbetween both, neutral), and the...Ignored
DislikedIve mentioned this before, these are inside bar setups, which we already actually use to further confirm certain setups (without the need for ma's i might add) Check your 1 hr chart, the inside bar was there.Ignored