was GU a valid trade closed outside the channels with piercing line bar @ 1.5685
Ignored
No, it clearly says that, its a bounce back from the round number with its long wick on it.... I would have entered if it is a break through of the above RN.....
OK, here's a question from me:
Is there a specific reason to restrict trading to just the mentioned three pairs? As far as I can tell, the system looks for trend continuation entries, which should work just as well on u/j or g/j, for example. So I'd like to hear/read your thoughts on that.
OK, here's a question from me:
Is there a specific reason to restrict trading to just the mentioned three pairs? As far as I can tell, the system looks for trend continuation entries, which should work just as well on u/j or g/j, for example. So I'd like to hear/read your thoughts on that.
Best regards,
Barbossa
Ignored
Too many pairs will distract you from potential trade setups, in other words you may miss out good A+ trades,
more over these three pairs will give you enough Triggers/signals to reach your daily/weekly/monthly target & also have very good volatility by nature,
It is very important to concentrate only on few pairs, in course of time you will be able to master the movement of these pairs.
So what about Take Profit, Stop Loss, Risk Reward etc…
As a trader it’s up to you to decide all these, however I’ll tell you how I set personally........
Regards,
Te-Wies
Ignored
Take Profit:-
Never set a TP unless I leave my computer. I wait for minimum of 15 to 25 pips to close the first half of the position depending on the trading session, ride the other half with BE to squeeze the complete trend.
Stop Loss:-
For most of my trades I personally keep SL below the PAC / Swing low for Long & above the PAC / Swing high for short & some time I wait for the candle to close on the opposite side without a SL.
Think twice before entering a trade with a SL of 25+ Pips.
We have an advanced entry & exit method, apart from the classic one… I will keep you guys posted on that soon.
we buy GU only when it crosses 5 channel with bar pattern and it should be above or nearest to 1.5700 round number the new bar should be above the round number , but past area is near 1.5738 so tp can be aroound 1.5730
let us have a try thanks for sharing
