stopped out -5%...i hope i didn't miscalculate spread on this one
How to use the 9/20 EMA setup effectively 162 replies
Scalping the EUR/GBP effectively - Forturama 158 replies
...as you see, I've got SMA 50, and I've found that is a good indicator of trend....
DislikedJeff, by definition the 1-2-3 is always going to be against the trend....you don't need a sma to tell you the trend, just look at price, and well done on the +9% so far!Ignored
DislikedThanks ChinaWombat....yes, I guess I do not need a trendline....the SMA 50, along with EMA 10 and 21, are actually some signals for scalping....I guess I'm used to seeing the markets through "those" glasses.....I'm still playing with the 1-2-3...haven't finished my analysis of E/U, and I'm still in semi-vacation mode....what I want to do is find four pairs that I like and trade them....G/U spread with OANDA is just a bit too large for me, especially for lower pip trades....
I am also sort of in the same boat.....I like to trade 1-2-3 reversals.....but I also like to trade with the trend.
Paulus does this long-short-long-short thing....and it sure works great for him....but some days like today.....it would pay to trade with the trend
I have not sorted this out 100% in my trading plan
DislikedSame here. I notice that you used a different SL to Paulus (below the 3 rather than the 1) which gives you a better R:R. Is that always the case or do you determine your SL by any other method?Ignored
DislikedIve sat out alot today waiting for signals but I never beat myself up about it
Ok we have a great down trend and I got do pips from it but that cuts both ways I didnt lose either and there were no signals so Im ok with that
'lion in the long grass dont forget '
Just got TP on eu long 123 picked bottem absolutely perfectly for 27pips
Nice GU short for 68 pips
up 10% or if your pip counting 95 pipsIgnored
DislikedWatching to see what this one does...Ignored
DislikedA little wary about that 5510 break out level... 5 - 5min candles all hit and stopped at that level... a break and hold should signal some nice upside gains IMHO...Ignored
So on that basis, will you wait for a break of the level with a closed candle , or with a retrace back to the 5510 , or will you simply enter a trade when price goes past 5510?
Loving this thread, by the way. Great stuff!Ignored