MultiTimeFrame Trend Trading with Price Action 241 replies
intraday trend trading with price action 2,063 replies
Don't mind me asking what's FF & LO means?
I'm not a kiddo anyway just don't use too many abbreviationIgnored
DislikedFrankfurt and London Open.
I managed to catch a 40 pip short on the EU. Makes for a nice evening. Time for bed for meIgnored
My USDCAD(short) & GBPUSD(long) have been failed.
I commited the same mistakes yesterdayIgnored
DislikedLittle EU shortIgnored
DislikedYes, i like your trade.
I will look for the montly and weekly pivot on the net, i thing it's good to have them on char. i have soon the daily, and it's a good tool for TP, and watch setup on it.Ignored
DislikedI want to have an explanation about profit calculation.
If i have an account in $, it's easy to calculate the profit or the loss with the crosses of this currency (EURUSD, AUDUSD,USDCAD....) because the result depend on only a cross.
But in the case if i trade a cross without USD (for example EURJPY,EURGBP), we have to watch two crosses for calculate our profit, isn't it?
Example: I win 20 pips on EURJPY, but if in the same time EURUSD has gone up 20 pips too, what i have win? nothing? .
if someone could me explain that,...Ignored
DislikedI think I am understanding what you are saying.
The way I look at it Pips have no value at all until you turn them to cash. Then they give you more ammo for the next position.
Technically the value of an orange goes up and down every day as the currencies change values. But keep it simple and enjoy the orange, or in our case enjoy the pips you have turned into cash.Ignored
i have attached a pic of jpyusd 4 hr time frame.
is the last pin bar that formed consider to be a valid short entry?
can i consider the last move implosive and the pin bar corrective?
im not gonna take this trade bc the stop loss is too big for me but was just wondering if its valid or not.
thank you for any feedback.Ignored