Tight channel. Watching this pair to head down within that ditch.
Attached Image
Looking on a naked chart, can you pick the best strategy? 32 replies
How do you see trading - Do you see it as a means to an end? 12 replies
Can you tell with naked eyes? 151 replies
Bow's trading journal 2 (almost naked trading on m5) 26 replies
Trading as naked as you can get 0 replies
DislikedHi LG & All. I'm looking for suggestions to better handle trade management on an overnight trade. I took this BO short last night, and technically it was right, although it turned bad because I didn't set the right TP. I thought it might go down to the lower red line as that was what looked like support on the H4 chart. It reversed and eventually hit my SL for a loss on the trade. Do you use trailing stops? tighter TP targets? Any ideas? Thnx.Ignored
DislikedHi LG & All. I'm looking for suggestions to better handle trade management on an overnight trade. I took this BO short last night, and technically it was right, although it turned bad because I didn't set the right TP. I thought it might go down to the lower red line as that was what looked like support on the H4 chart. It reversed and eventually hit my SL for a loss on the trade. Do you use trailing stops? tighter TP targets? Any ideas? Thnx.Ignored
DislikedI love your strategy. Please can you help me with your indicator that shows the direction of the various time frame?
ThanksIgnored
DislikedMy little 25 pip trade is causing me grief. If I had not moved my TP, I would be out of this trade...greed rears it's ugly head again.Ignored
DislikedI don't understand why the daily RSI is not turning over, but this trade is doing very well.Ignored
DislikedLawgirl, Im with you on this trade and deffinately hoping we can atleast get out without a loss. I did see where we were close to getting out. Wishing you luck too..Ignored
DislikedLawgirl, Im with you on this trade and deffinately hoping we can atleast get out without a loss. I did see where we were close to getting out. Wishing you luck too..Ignored
DislikedI'm thinking the 80.86 area will act as resistence and repel PA back down. If you are not live, it is a great opportunity to watch and see what PA does.Ignored
DislikedI just looked at my NZDUSD chart with TLs drawn yesterday. Had you drawn TLs, you may have seen where to place your TP. They were right on the money.Ignored