Yes I entered lately, near at the top. Will hold on a little more before moving stop to BE, at least when I reach 1:1.
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I'd be tempted to just trail the stop behind the 100 sma. The price could stay below the 100 sma for 2 or 3 weeks. It could take you out for a loss tomorrow. I'm here to trade the big moves which with add ons will make me big money. Losing a few pips here or there at the start when things don't work out is not a big concern for me.
You could wait for a lifetime for the perfect entry, h4 very rarely lines up with daily and hourly. If you're going to wait for everything to line up then you'll wait a long time and miss out on some good moves.
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Yes, it is pretty rare but very safe. I expected it happened once a week at least. It would be enough. Last Friday (in the afternoon), I found EURUSD good uptrend (with all TFs synchronized). I realized a capital increasing of 10% (with multiple EURUSD orders)!
I'd be tempted to just trail the stop behind the 100 sma. The price could stay below the 100 sma for 2 or 3 weeks. It could take you out for a loss tomorrow. I'm here to trade the big moves which with add ons will make me big money. Losing a few pips here or there at the start when things don't work out is not a big concern for me.
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I guess I only need to catch one big trend to be fully convinced...LOL !
If the current candle of AU were to close above 100 SMA, I understand we should close the trade for a small loss, even if SL has not been hit, no ?
Update: AU stopped out for me.
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Yes, you are right although I have used a 50 pip stop and left it as i can't monitor the charts and keep a pc running for the ea today. Looking back I don't think I took the best entries here but these two pairs may still start to trend lower. The daily has turned smoothly on both so even if you were stopped out I would still look for a valid short. If these two stop out I will go back to my list of valid pairs and watch all pairs again for the first two good trades to set up.
Yes, you are right although I have used a 50 pip stop and left it as i can't monitor the charts and keep a pc running for the ea today. Looking back I don't think I took the best entries here but these two pairs may still start to trend lower. The daily has turned smoothly on both so even if you were stopped out I would still look for a valid short. If these two stop out I will go back to my list of valid pairs and watch all pairs again for the first two good trades to set up.
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I agree, I think the pairs will still move down slowly but surely.
For the other people: You can also put 2 x MA on the chart. Both 100 SMA like Hugh suggests but make the one a low and the other high.
You get a nice looking channel which will keep you in and out of respective trades.
Yes, you are right although I have used a 50 pip stop and left it as i can't monitor the charts and keep a pc running for the ea today. Looking back I don't think I took the best entries here but these two pairs may still start to trend lower. The daily has turned smoothly on both so even if you were stopped out I would still look for a valid short. If these two stop out I will go back to my list of valid pairs and watch all pairs again for the first two good trades to set up.
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I thank you Mr.Briss for your perfect system.I have started with new system.
Now I have long on GBPAUD.stop 25pips+spread
I agree, I think the pairs will still move down slowly but surely.
For the other people: You can also put 2 x MA on the chart. Both 100 SMA like Hugh suggests but make the one a low and the other high.
You get a nice looking channel which will keep you in and out of respective trades.
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Ok, I like that, looks ok. The idea that one line would be exact s/r doesn't hold up that well but an area as defined by the channel seems more plausible. It's a moving area of s/r rather than an exact level. Nice.
Eurusd just gave a much better sell signal. That's the one I should have waited for! Nevermind, it's just another reminder for me to be careful to follow the system.
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Joined Apr 2011
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Status: On the lookout for a good trend...
|152 Posts
I am onboard NICE crosses on H1 and D1 - I placed the trade went to the office - now I have a big green ugly - I might make out ok, the green stick is halfway to my SL...
- I might make out ok, the green stick is halfway to my SL...