If we can get price to close above the 60sma on the daily chart it will be confirmed for a buy... will wait and see what happens
Ignored
Do we not have to wait another 40 minutes before we can close the box (meaning 7am to 9am EST; New York Time). Or have we already closed the box 20 minutes ago, meaning 6am to 8am EST; New York Time?
Also, do you watch the 60SMA on the 5min or 15min?
That's what I call trading forex baby I F'in LOVE it!!! Ok just as I stated price was so close to levels both ways.. never broke the top side missed the resistance level by just a few pips.... I took a loss of -7 pips, but that's ok it happens... So price broke support and closed below i took the trade and sec after shot straight back up... 80% of the the time when prices closes below one of these levels its going to continue to trend in that direction.. This was not the case today...
Been away all day and missed both bloody sessions. Hope everyone got on well. Just checked the charts and could have picked up a max 10 pips on both EU and GBP.
My TP is always 20 pips.. My SL various as I dont use a set SL.. 80% of the time I use a SL of about 20-25 sometimes 30 depending on whats going on in the market... Where we were so close to levels I don't stick in a trade that long if price reverses on me.. as I have never had price go more that 15 pips on me, but we do have days that it will and this was one of them...It happens it's just business... This strategy isn't perfect I've got it to about 90% as my goal is to cut losses and make it 100% as I know it can be done.. I have worked very hard on this strategy and will continue to do so..
That's what I call trading forex baby I F'in LOVE it!!! Ok just as I stated price was so close to levels both ways.. never broke the top side missed the resistance level by just a few pips.... I took a loss of -7 pips, but that's ok it happens... So price broke support and closed below i took the trade and sec after shot straight back up... 80% of the the time when prices closes below one of these levels its going to continue to trend in that direction.. This was not the case today...
boophaty had a go at scalping yesterday and worked out good. took +10 pips with taking and losing over about 4 trades. Do you have a strategy you use? Also what signifiance is the 60 SMA. This really just gives you the trend is it?
boophaty had a go at scalping yesterday and worked out good. took +10 pips with taking and losing over about 4 trades. Do you have a strategy you use? Also what signifiance is the 60 SMA. This really just gives you the trend is it?
Ignored
Yes I have never took a loss of my scalping as I can say I am 100% I shoot for anywhere between 2-8 pips.. the simple moving average is calculated by adding the closing price of any pair for a x of time periods and then dividing the total by the x of time periods.. Many traders use it to trade above and below it to signal a trend.
Yes I have never took a loss of my scalping as I can say I am 100% I shoot for anywhere between 2-8 pips.. the simple moving average is calculated by adding the closing price of any pair for a x of time periods and then dividing the total by the x of time periods.. Many trades use it to trade above and below it to signal a trend.
7am-9am Big Dog USD Breakout Strategy
