DislikedWhen the right time u waiting for the right setup? Coz it mean glue to the screen?
And are u waiting for the candle closed to entry new position?Ignored
No i do not wait for the candle to close.
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DislikedWhen the right time u waiting for the right setup? Coz it mean glue to the screen?
And are u waiting for the candle closed to entry new position?Ignored
DislikedThanks, FX_Pipin
You wrote about SL/TP (1:2), but as I see, sometimes you exit earlier. Why you decide to take profit earlier (not waiting for TP to be hit)?Ignored
DislikedHi Fx Pipin,
Do you agree that a possible trade setup is in the making on the AUDJPY. For a long.
It looks like the CoG solid yellow line will be slightly below the Weekly S1, would you wait till it touches the yellow line and then enter on will you consider entering when price gets to the S1?
I know you said you trade in the direction of the CoG: My assesment is that the CoG is busy turning upwards to will it be OK to enter a long trade here?
Thank youIgnored
DislikedGreat observation boerseun,
Seems like a great setup, i personally would not take that trade because the long term overall direction of the trend is down. Trading in the direction of the trend of course increases your probability. From my experience picking tops and bottoms can hurt. Look at price action on that very chart in the past you will see that there where many points where one would say hey i found the bottom and at this point and the trend would change, come to find out the trend continues down and that happens more time than not.Ignored
DislikedThanks a lot. I now see exactly what you mean about the overall trend direction. I take your point on tops and bottoms and how it relates to this particular setup.Ignored
DislikedLook at it now, audjpy continued its trend passed the S1 just like i said might happen. Proving us to always trade in the direction of the overall trend. Good learning topic!Ignored
DislikedThere are some nice prospect on entry at H4
Short: eurcad, euraud,
Long: cadchf, audchf,
Anyone?
Ps: im just learn this system btw.Ignored
DislikedFXPIPIN,
Thanks for sharing your system and the live trades that show it works.Ignored
DislikedThis is a fun set up if you stay with the trend like FxPipin says.
Thanks Fx_Pipin!
CAD/CHF is close.
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