kevin
what is the best time actually to trade. currently i'm trading in 3 major pair GU, EU and AU .
what is the best time actually to trade. currently i'm trading in 3 major pair GU, EU and AU .
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DislikedThanks for your speedy reply Kevin. I chose a 15 pip SL which I guess is a little tight for the GU, so the next logical place would have been just below the previous low at around 27 pips SL and it would have been taken out, in fact it required a 38 pip SL to reach the upper band (I have placed a grey TMA true on the chart to indicate the TMA at the time).
My question has to be, where would you have placed the stop loss Kevin, as it was a valid trade at the time (with green stochs), or would you have not used one? If it was a valid loss...Ignored
DislikedPlease see the posts on the previous page and look at your chart now and you will see were I have taken the trades and were the market is now.Ignored
DislikedHi Kevin,
I think this is were I'm confused and hoping a live trade will help.
Post 863 USDCAD, your trade taken example was at 4.30am US EST, and your snapshot was at 5.15am US EST, but when I was looking at it around that 4.25am - 4.30am time when scanning the 4 hour was red. I can see now it is green and I understand this as the indicator is dynamic or repaints, and it looks good but at the time I did not see the trade as the 4 hour was red.
So I can see it clearly afterwards, but if you could walk us through a few trades from the start I...Ignored
DislikedWhat is going on right now regarding the system?
There are three phases we are going through which lasts three weeks.
60M Mtf stoch and 240 mtf stoch
Last week we were learning how to use the 60m stoch and TMA in order to take short trades of 10and 20 or so pips profit.We made many trades this way with much success.
This week we are focusing on MOM or MOMentum trades which using the 240 stoch as a guide for trend direction and waiting for TMA to hit opposite TMA against the direction of 240 trend then the next rf signail in the direction of...Ignored
DislikedHi Kevin,
I've been reading the thread from the start and I understand the process you are taking us through, with the various setups, but I'm finding it difficult to have the moment of enlightment because I need to see a live trade to fully see how each phase works.
If you could do a couple of MOM tonight if they setup, and even some short term that you taught from last weeks would be great too.
Like post 883, that would have been great to watch live, if you post the screenshot straight away, then you would have been able to talk us through...Ignored
DislikedHi kevinator
I am looking at usd/jpy at the moment for a sell, what do you think?
ThanksIgnored