Was a nice setup 15 min gbp-usd but stoped out-today not so a good day-eur-usd befor the same i dont know that i am wrong or is it normal?
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You need to be careful when you enter, try to look for the beginning of trends, thats what I find brings the best results, it's easy to get stopped out even following all the 'rules' if you enter near the end of a trend.
You need to be careful when you enter, try to look for the beginning of trends, thats what I find brings the best results, it's easy to get stopped out even following all the 'rules' if you enter near the end of a trend.
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Hi forex1962-How to i see when the trend is ending ?
Hi forex1962-How to i see when the trend is ending ?
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You want to look on the higher time frame and check what the ma's are doing, you want them all to be heading down for a short, up for long, in the correct order.
On the lower time frame make sure CCI in +90 for long or -90 for short.
You want to look on the higher time frame and check what the ma's are doing, you want them all to be heading down for a short, up for long, in the correct order.
On the lower time frame make sure CCI in +90 for long or -90 for short.
hi this is one of the impressive thread i have viewed so far .i am little confused on something if anyone can clear it to me i'll be thankful .lets say if setup is made and difference between swing high and swing low is 16 pips and you have got your stoploss 16 pips and target profit 8 pips .i jus wana know is this 8 pips including pips difference or isit all the profit i mean like should i place my target profit 10 pips on eur/usd as it has pips difference of 2 pips ?
thankyou
No it wasn't incorrect. It was however in and around London open, about 75% of the time the initial move at that time is a head fake. It was also going against a 1hr shooting star.
Look up 2b trades, your correct buy entry would have had stop hit. Spotting a 2b set up could have gotten you out of the buy at just about BE.
You then would have had a chance at system sell a short while later.
I thought I got this system straight away but then realised I hadnt and then after using the indicators and LOOKING AT THE FIRST TRADING EXAMPLE ON PAGE 1! I got it. If you were trading from 8am London GMT using this system correctly you'd be in a sell from 1.3582 (on alpari) and tp has been hit so the 30% is still running. On the gbpusd from London open according theres 2 trades. 1 loss and 1 winner. Fortunately the loss was a small one so the winner has out weighed it with 30% still running. I know some are going to use this system a little differently to others and that's great but if you are someone who wants to trade it just like cubby then please make sure you look at the very first trade example to give you some clues. This system is NOT just a breakout system. So do not always just put buy and sell orders at tops and bottoms. Try to be flexible and learn from price action behaviour and how the indicators react to it.
I trade only 5 min and 15 min at the moment, the principle and trading style is the same across all time frames just I don't like really big stops for example the 100 pip or more stops.
Last of all don't over think anything and don't dwell on losing trades.
If any of you need a little help fully understanding the system then please send me a private message and ill be more than happy to help you.
