bo7a method... method for GBP/JPY 205 replies
Why a "Trading Method" is important 9 replies
DislikedI exited this trade also because a closed candle broke the trend line.Ignored
Thanks for the nice system..
However I am having few que.
1) What is your entry time? means opening of asia or uk or us?
2) Since how long you are trading this system? what is the success rate?
3) As here the trade continue for many days/weeks..we must consider swap charges too.. So should we go for swap free broker??
DislikedAslo on you chart there initial stop loss probably should be above
previous candle high, which is about 200 pips from entry price. How many people can
afford to lose 200 pips? Larger the TF, larger your SL and potentially
win. No free lunch...Ignored
DislikedI would like to show you how I trade using the big "D" (divergence) on the higher time frames. Divergence trading is nothing new and has been around for years. I use it on the 4hr charts and higher, but you can use it on whatever time frame you like. There are two types of divergences, regular divergence and hidden divergence. I mostly look for regular divergence.
Regular Divergence is a sign of a possible trend reversal. When price is making lower lows, but the oscillator is making higher lows, this is [b]regular bullish divergence....Ignored