this one on EU
1 trade per pair per year 6 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedThe nutcases are adding oscillators to our indi for only one reason:Ignored
DislikedWhich indy are you using now to plot the box and targets?
I read the first post but you now using a tool to plot it?
What name is it?
This is a good thread its pure price action trading.
Dislikedhey everyone so I was finally able to read through this entire thread and finally started to implement this strategy into my trading
this is one of the breakouts I caught on EU 15min at around 1am EST right after they released the PSI figure
I've also noticed that using PA I've been able to reduce the amount of whipsaws. If this goes against the trading style the by all means disregard it I've just noticed it helped and wanted to share
my TP level was hit and got closed out for 48pips not a bad trade i targeted the size of the CZ at first...Ignored
Dislikedhere is my trade this morning, see attached pic. I was moving my stop down above each fib level as the trade progressed, the big pull back took me out in the middle of the green box for 20 pips, having entered almost exactly on the entry arrow. i don't usually trade through NFP, and the market is usually quieter than this, but happy to be out with a profit.Ignored
DislikedWell done Larry. That's a choppy looking chart. Lots of pushing and pulling between the Bulls and the Bears. Many traders get nervous when they see long choppy candles like that. But you stayed put and rode out that little storm you were watching, and controlled your stops, and
banked 20p. And your DD was practically zero. What more could anyone ask for?
Over time will you see that this type of scenario accounts for maybe 70% of our CZ trades. If you can do it once, you can do it every time.Ignored
DislikedToday I traded USDCHF, EURUSD, GBPUSD, EURAUD (closed early as I wanted an afternoon off) & EURGBP (which took a small hit as I moved my SL too early). 5 trades for 5.2%, I wasn't using a full 1% risk factor more like .7-.8, so it could have been more but hey, I'm not upset about it.Ignored