Should be riding a nice downward move Hopefully...Already took a scalp of +20 pips but got closed out by Trailing S/L
Re-Entered at 1.0431 after 50ema got broken
Re-Entered at 1.0431 after 50ema got broken
Trading is this Simple? Finally Explained simple and clearly! 46 replies
My way of trading by Using trend line , BL line & febo level 76 replies
Simple Horizontal Line Trading H1 87 replies
Dislikedsorry USD/CHF. Set the order thinking that the trend could be changing. Looks like it was a false signal judging by the current candle. The formula for entry certainly keeps you away from the signals that dont work out.
AttachmentIgnored
DislikedDidnt get the signal for a bounce trade, instead got on for a cross. Price closed above 50 ema, above previous S/R and above balance line, although it wasn't very close to the balance line. I have set a buy order at the high + spread + 3 pips just incase.Ignored
DislikedI would be careful about going long here. The signal to go long is correct, however there is a lot of selling pressure in the congestion that a long would have to get through.
I would rather see more strength by having price action not pullback too much and then bounce off the balance line and THEN go long. See my chart for my requirements to go long.
AttachmentIgnored
Dislikednice to know i'm on the same page as you! For the first time in a long time i'm enjoying trading. Still only demo until im confident with everything but not for too long, you cant replicate live trading. Ill be taking this to my small live account as and when i feel ready.
Thanks Colo and TitchIgnored
DislikedI am exactly the same I like to see a pullback then continuation. However I was making some lunch, have come back and been triggered as well.
Typical. I can feel a scalp coming on!Ignored
DislikedI have grown to love this bit at the start of the trade!
Come to daddy!!!!!!!Ignored
DislikedShould be riding a nice downward move Hopefully...Already took a scalp of +20 pips but got closed out by Trailing S/L
Re-Entered at 1.0431 after 50ema got brokenIgnored
Dislikedresults of 15m entries, eurusd long exit 2/4 +50, audusd long exit 2/4 +70Ignored
DislikedHi indy
Was a great question and one I hadn't really thought about until you brought it up. I know colo tested the system and I think it is what he came up with that worked. Any lower we could end up be tipped into a trade then it going straight against us, but thats just my guess. I will ask him as I am speaking to him later and I will pm you.Ignored