We'll see how this works..
Entry = 1.37157
SL = 1.38530
TP = 1.34500
Entry = 1.37157
SL = 1.38530
TP = 1.34500
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DislikedWe'll see how this works..
Entry = 1.37157
SL = 1.38530
TP = 1.34500Ignored
1) ZigZag(zz indicator) is the heads up
2) Fails at a Fib pivot
>------------------------If you like price action then you dont need the last 2 but for newbies i would use them
3) Candle Green(buy) Red(sell)
4) Stoch crossed Up(buy) Down(sell)
Always wait for the Candle to close ....If trading on H4 change fib pivots "Myperiod" to 10080 and so on, im sure you guys can figure this part out.
Those are the 4 steps....SL at last low TP 1:1-1:4 risk/reward or use S&R lines (other fib pivots)
DislikedAlways wait for the candle to close. Will I always be too impatient?
Hanover and others warned about the 5% risk. This trade could realize a $ 1400.00 loss. I will simply be lucky if it turns around.
And here's the reference to the 10080 for H4 and higher. I don't know what to think about that setting.Ignored
DislikedDont forget its best to trade with the trend.
We can trade against it but remember it's only a retracement so we need to be cautious when it goes back to its original trend.
This is where winners become losers.Ignored
DislikedWell, lananpips helped me understand the ZZ indicator better.
Still have a patience problem as I probably should have let this trade run longer...Raised the S/L tight.Ignored